All Third Party Risk articles
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ArticleTPRM Summit: Experts discuss FCPA lessons learned from ABB settlement
A panel on regulatory trends at CW’s virtual TPRM and Oversight Summit discussed lessons for compliance departments seeking to learn how to guard themselves against bad actors within their own firms contained in ABB’s recent $327 million bribery settlement.
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Article
U.S. law to stop Uyghur forced labor remains compliance challenge
It’s been six months since the Uyghur Forced Labor Prevention Act took effect, and businesses are no clearer today on how to comply with it, those familiar with the law said.
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Webcast
CPE Webcast: Best practices for third-party due diligence for ethics and compliance
Increased regulatory and consumer scrutiny on the integrity of businesses has shined a spotlight on the reputational risks of unethical business practices involving third parties.
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Article
FINRA to sweep crypto-related communications by broker-dealers
The Financial Industry Regulatory Authority announced an examination sweep of retail communications by broker-dealers and their affiliates related to cryptocurrency asset products and services.
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Article
Treasury recommends more oversight for bank-fintech relationships
A new Treasury report found as the trend of nonbank fintech companies providing financial services in partnership with regulated entities continues to grow, regulators need to increase oversight of these relationships to curb the risks they pose.
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Webcast
CPE Webcast: How to transform your program from reactive to predictive
Today, it is not enough to focus solely on your organization’s internal risk, as control weaknesses and gaps in the organization’s business partners could ultimately lead to failure.
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Article
Survey: How businesses are confronting governmental licenses in M&As
The results of a recent survey conducted by Compliance Week and Avalara found most businesses consider governmental licenses as part of due diligence efforts during mergers and acquisitions, yet the opportunity for risk management improvements remains.
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Webcast
CPE Webcast: 10 essential steps to streamline vendor risk assessments
As your program evolves, the need to simplify the vendor risk assessment process becomes unavoidable. So, what can you do to streamline assessment completion and simplify vendor risk reviews?
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Article
Lafarge to pay $778M for supporting terrorist groups ISIS, ANF in Syria
French multinational building products company Lafarge pleaded guilty to providing material support and resources to two U.S.-designated foreign terrorist groups in Syria, representing the Department of Justice’s first corporate material support for terrorism prosecution.
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Webcast
CPE Webcast: AI for TPRM - What you need to know to stay ahead
Artificial intelligence is no longer the stuff of science fiction. It has already transformed transportation, marketing, and retail, to name a few areas. It is also driving the most meaningful shift third-party risk management has experienced since its inception.
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Webcast
CPE Webcast: How to navigate the third-party risk threat landscape
Today’s business threats are evolving, and ESG, resiliency, and cybersecurity are at the forefront. These risks affect businesses of all sizes and make it imperative that organizations update and modernize their third-party risk management programs.
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Article
ESG Summit: Holistic approach to supply chain risk an ‘investment differentiator’
Two experts explained how the C-suite as a whole—not just compliance officers—should be focused on the holistic approach to supply chain risk management during a session at CW’s virtual ESG Summit.
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Article
How effective beneficial ownership searches leverage technology
Determining the ultimate beneficial owner of individuals and companies your firm does business with can be a tricky thing. The most efficient investigations require an understanding of your firm’s risk appetite and appropriate technology to automate searches.
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Webcast
CPE Webcast: How to move an E&C program from effective to high quality
A critical component of a third-party risk management strategy is a robust compliance and policy training program that you control.
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Article
DOJ-informed compliance guidance helps Home Depot prep for potential scrutiny
How can a company prove its compliance bona fides to a regulator, should one ever come knocking on its door? The Home Depot has prepared for such a scenario with detailed guidance pegged to the DOJ’s “Evaluation of Corporate Compliance Programs.”
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Article
Albemarle in settlement talks with SEC, DOJ over FCPA violations
Chemical company Albemarle Corp. has entered settlement talks with the Securities and Exchange Commission and Department of Justice regarding potential violations of the Foreign Corrupt Practices Act.
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Article
How compliance can help prevent human trafficking
There are many organizations that seek to prevent human trafficking, but their work can sometimes seem distant and detached from our roles as compliance professionals. We must consider how to bridge that gap, with a particular focus on supply chains.
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Article
SFO accepts ‘sobering’ results of Unaoil, Serco case reviews
The U.K.’s Serious Fraud Office was criticized for its leadership, culture, and conduct in a report examining why the agency botched a key corruption case against Unaoil that has now seen three convictions overturned.
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Article
MidFirst Bank avoids penalty in OFAC resolution
MidFirst Bank will not pay a civil penalty after self-reporting to the Office of Foreign Assets Control apparent violations of weapons of mass destruction proliferator sanctions at the bank.
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Webcast
CPE Webcast: Getting started with third-party risk management
Nearly every business does due diligence when onboarding and renewing contracts, but many times the work stops well short of a program to efficiently manage strategic third parties, their contributions to business performance, and the risks they could pose to the organization.
