All Third Party Risk articles – Page 18
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ArticlePoll shows room for improvement on training third parties
Results from the Compliance Week and Refinitiv survey revealed some surprising facts about companies’ third-party training; based on those results, the following article offers suggestions for how to enhance the process.
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ArticleIdentifying high-risk third parties a nuanced exercise
Determining which business partners to flag for enhanced due diligence all depends on the quality, and sources, of your data.
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ResourceThird Party Risk: Driving Cross-Functional Alignment Across the Vendor Lifecycle
Outsourcing is nothing new, but recently we’ve seen companies increasingly rely on a network of third-party vendors to help them compete.
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ArticleSouth America cleans up its act
A look at key investigations and enforcement actions in South America and Mexico in the past four years signifies a changing legal landscape that offers compliance lessons in advancing third-party anti-corruption compliance.
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PodcastMarianne Ibrahim on conducting a third party audit
Marianne Ibrahim, director of global compliance at Baker Hughes, offers several best practices for the auditing of third parties.
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Article
Prevalent acquires 3GRC
Third-party risk management platform Prevalent announced its acquisition of U.K.-based risk and compliance firm 3GRC.
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Article
Lumber Liquidators to pay $33M for securities fraud
Lumber Liquidators Holdings, a discount retailer of hardwood flooring, will pay a total of $33 million in criminal and regulatory penalties for misleading investors concerning the sale of its laminate flooring from China to its customers in the United States.
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ArticleInternal audit still vexed by data, third-party risks
Internal audit is making strides in steering its focus and resources toward companies’ emerging risks—but there’s still some work to be done, the IIA says.
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Blog
Argos Risk announces partnership with SAI Global
Argos Risk, a third-party risk intelligence solutions provider, announced its partnership with SAI Global on an integrated approach to vendor risk management.
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ArticleBuilding a better board and the benefit of director self-assessments
Technological disruption, the dark side of corporate culture, and evolving expectations from diverse stakeholders are all making the job of director more challenging, says a report by EY’s Center for Board Matters.
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ArticleQ&A: A view of bank risk from the battlefield
Compliance Week talked with Stuart Brock, director of Seal Software, about the risks faced by banks—not the least of which is third-party due diligence.
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ResourceSpecial report: Third-party risk management
Compliance officers and chief risk officers of multinational companies are well-aware of the myriad risks that third parties pose in day-to-day operations.
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ArticleWhy continuous monitoring is crucial for TPRM
Three cautionary tales demonstrate the potential trouble a company can find itself in when third parties are not actively monitored.
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ArticleBest practices in preventing a third-party data breach
Examining how “high-performing” organizations handle their third parties lights the path for companies looking to strengthen the weakest links in their data chains.
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ArticleQ&A: Five questions with a TPRM specialist
Abercrombie & Fitch Senior Compliance Counsel Rob Seibel, a specialist when it comes to the implementation of a third-party risk management program, discusses trends and challenges around managing risks with third parties.
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ArticleThe risks of outsourcing compliance
Using external firms and consultants can bolster the effectiveness of certain compliance functions. Abdicating too much responsibility, however, could draw the ire of regulators.
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ArticleHow to break up with a third party the right way
Not all business relationships have a happy-ever-after ending, but there are things both parties can do to mitigate the risks of a third-party breakup.
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ArticleSpecial report: Third-party risk management
As firms increasingly turn to external partners, the risks they acquire can become an internal problem.
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ResourceKey Factors in Choosing a Third-Party Compliance Platform
Nothing is more frustrating than being slotted into an inflexible platform that restricts your compliance process.