All Third Parties articles
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News BriefBanking regs issue guidance on risks posed by bank-fintech relationships
Three federal banking regulators issued guidance on the risks posed by the use of third-party financial technology firms to deliver bank deposit products and services to customers.
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PremiumHow fintechs can overcome major compliance hurdles in embedded finance
Margaret Holmes Tibbets, chief compliance officer at financial technology company Pipe, explains how firms are facing an existential compliance crisis, and to survive they’ll need to overcome not one but two hurdles.
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ArticleSpecial report: Compliance 2020
CW Editor in Chief Dave Lefort offers 10 predictions on what will dominate compliance headlines in 2020.
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Blog
The importance of auditing third parties
Auditing third parties is critical to any compliance program and an important tool in operationalizing your compliance program.
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Blog
Evaluation of third parties
Compliance practitioners at GE Oil & Gas discuss the process by which GE reviews the risks around each of its third parties.
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Blog
Shell companies and the who of corruption
A key part of any fraud scheme are the attempts to keep it hidden, and many companies set up shell companies to do just that. A look at why shell companies can shield bad actors from the public record.
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Blog
Asking questions about your third-party process
When regulators come knocking, it’s important to have the right protocols in place. Knowing what questions to ask can be a big help to companies when implementing a third-party due diligence process.
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Blog
What is a conflict of interest?
A look at the case of Dr. Brenda Fitzgerald, the now former head of the Center for Disease Control, who invested in tobacco stocks after she became director.
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Article
More companies exiting third-party vendor relationships
An increasing number of companies expect to exit or change relationships with their third-party vendors due to heightened risk levels, finds a newly released vendor risk management benchmark report.
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Article
Recent data breaches impart third-party risk lessons
The data breaches at Yahoo, Equifax, and the SEC send a collective warning to organizations everywhere to improve their own third-party risk assessment.
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Article
3M’s John Ostergren on supply chain, third-party risk management
Smart companies understand which risks to take on in the interest of growth and which ones must be shunned, says John Ostergren, director of environment, health and safety at 3M.
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Article
New DoJ policy limits settlement relief options
For years, companies facing regulatory settlements had the option of delivering payments to non-governmental third parties as part of their punishment. No longer.
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Article
The Never-Ending Story
In the latest installment of the Compliance Week / OCEG GRC Illustrated Series, we explore the importance of following up on third-party evaluations.
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Blog
Third-Party Risk Management Summit takes a deep dive
Get a recap of the Third-Party Risk Management and Oversight Summit, hosted by Financial Risk Associates and Compliance Week, which took an in-depth look at what companies are doing to manage third-party risks both on the sales and supply chain sides.
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Article
Cement, compliance, and crimes against humanity in Syria
Multinational cement company Lafarge’s alleged collusion with ISIS to keep a Syrian plant operational would have made it complicit in crimes against humanity.
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Article
Addressing third-party information security risks in 2017
The latest installment of the GRC Illustrated Series from Compliance Week and OCEG discusses ways to circumvent a cyber-breach via third-party risk management.
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Blog
Did Wells Fargo Give Prudential a Black Eye?
Tom Fox epxlores how the business relationship between Prudential and scandal-ridden Wells Fargo put Prudential in hot water.
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Article
Survey: Trials, tribulations of third-party risk management
Jaclyn Jaeger has the results of a new survey jointly conducted by Compliance Week and Crowe Horwath that explores the many trials and tribulations of third-party risk management programs.
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Blog
Optiv launches technology-enabled third-party risk management solution
Optiv Security, a provider of end-to-end cyber-security solutions, announced the release of its new technology-enabled third-party risk managed service. Leveraging Optiv’s proven Software-as-a-Service based third-party risk management platform, Evantix, this service enables companies to better manage the complete third-party risk management lifecycle, resulting in improved compliance and risk management.
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ArticleMitigating third-party risks
Most companies by now understand the escalating risks that third parties pose to their business and are ramping up their third-party risk management efforts accordingly. Even still, many struggle with how to achieve full transparency into the breadth and depth of their third parties, exposing themselves to significant legal and ...