All Third Party Risk articles – Page 7
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ArticleOCC fines Morgan Stanley $60M for data inventory risk failures
Morgan Stanley has agreed to pay $60 million as part of a settlement with the OCC for failing to adequately protect customer data when the bank decommissioned two U.S.-based wealth management data centers.
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Webcast
CPE Webcast: Simplifying ‘Six Degrees of Separation’ for third-party compliance risk
The long-standing theory of having an average of only six degrees of separation between any two people takes on an interesting twist when considered through a compliance and risk management lens.
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Resource
e-Book: Mind the Gap — Where Third-Party Risk Management Programs Fall Short
This e-Book from Compliance Week and Aravo reveals the results of the “2020 TPRM Benchmarking Survey.”
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Article
Carreyrou at TPRM: Theranos warning signs were there, but partners failed to spot them
John Carreyrou explained to third-party risk professionals at CW’s TPRM Virtual Summit that the mistakes made by Theranos’s business partners were entirely preventable—had they done their proper due diligence.
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Article
Compliance official key to Comtech sanctions penalty
The alleged actions of an export compliance official are at the heart of “egregious” apparent OFAC sanctions violations by New York-based Comtech Telecommunications Corp. and its wholly owned subsidiary regarding sales in Sudan.
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Article
Brockmeyer at TPRM: Regulator expectations for monitoring third parties
Former chief of the SEC’s FCPA Unit Kara Brockmeyer shared what regulators are looking for when they assess a company’s relationship with its third parties at Compliance Week’s TPRM Virtual Summit on Thursday.
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Webcast
CPE Webcast: Expert content + third-party risk = enhanced vendor due diligence
Maintaining the status quo with your vendor risk management program is no longer acceptable in today’s ever-changing marketplace as supply chains can drastically change overnight.
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Webcast
CPE Webcast: Debunking myths of AI & ML in TPRM technology
This webinar debunks the myths of AI and ML in third-party risk technology and drills into reality with a pragmatic application of how your data can be harnessed to support various risk management use cases.
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Article
Best practices KYC: What to do when your client is in the headlines
How do we, as AML professionals, assess negative media alerts? It should start with a conversation with the client relationship manager, but it shouldn’t end there, writes Martin Woods.
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Article
Q&A with Kara Brockmeyer: How pandemic has impacted third-party risk
In advance of her keynote at Compliance Week’s upcoming TPRM virtual event (Sept. 17-18), former SEC official Kara Brockmeyer discussed with CW the heightened risk third parties have during a pandemic and what companies can do about it.
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Article
John Carreyrou at TPRM: How to spot a wolf in Steve Jobs’ clothing
John Carreyrou, the Wall Street Journal reporter who exposed Theranos and its founder Elizabeth Holmes as frauds, will be the keynote speaker on Day 2 of Compliance Week’s TPRM virtual conference Sept. 18.
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Webcast
CPE Webcast: Compliance in the age of cloud
Running a business “in the cloud” was once reserved for innovators and large enterprises, but now nearly every business on the internet is operating in the cloud.
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Webcast
CPE Webcast: Third party risk management: Are programs up to scratch?
This webinar will discuss the results of the Compliance Week and Aravo TPRM benchmarking survey in the context of the DOJ’s Evaluation of Corporate Compliance Programs.
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Webcast
CPE Webcast: Managing third-party risk during and after a pandemic
As new insights are continually evolving, organizations around the world are trying to plan and develop their strategies for returning to the new “normal.”
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Article
Advice for compliance from new DOJ Criminal Division head
Acting Justice Department Criminal Division head Brian Rabbitt shares his perspective on recent updates to the Evaluation of Corporate Compliance Programs guidance, the FCPA Resource Guide, and more.
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Webcast
CPE Webcast: Rethinking third-party due diligence to minimize supply chain risk
Businesses are rethinking their strategies to maintain operations, minimize supply chain disruption, and manage heightened exposure to financial, legal, regulatory, or reputational risks.
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Article
Nothing more important than knowing your risk exposure
In performing due diligence on your supply chain partners, do not be intimidated into accepting no for an answer. Being blind to potential risks is bound to get you into trouble, writes financial crime expert Martin Woods.
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Webcast
CPE Webcast: A new approach to vendor risk & performance monitoring
Your vendors often handle your most sensitive data. This presents significant challenges as security, procurement, sourcing, IT, and privacy teams struggle to vet and manage vendor risks and performance in real time.
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Webcast
CPE Webcast: TPRM: Best practices for an efficient program
While there is no one right third-party risk management program, there is a model right for you, and incorporating best practices into your processes can have an exponential effect on your results.
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Webcast
CPE Webcast: TPRM; What keeps you up at night?
Do risks from your third-party ecosystem keep you up at night, especially during these trying times? How have third-party risks changed over the years, but especially lately, considering the current crisis?
