This webcast aired on October 1, 2020.
CPE Credit(s): 1
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. As organizations engage with an increasing number of third parties, global business networks have become more complex as well as interconnected. Nowadays, a third party may simultaneously be a customer, supplier, alliance partner, and even competitor.
Despite this increase in complexity, Compliance and Risk leaders may find that it’s now easier to identify the “six degrees of separation” and connect the dots between their organization’s third-party entities.
Join Dun & Bradstreet’s Senior Product Director, Third-Party Risk & Compliance, Paul Westcott as he discusses how:
- Identifying corporate linkage from a financial crime and compliance risk perspective has improved as a result of increasingly connected and robust data sets as well as enhanced processing power.
- The ability to identify relationships and beneficial ownership now goes beyond identifying corporate linkage as entity resolution and identification of connections can go down to the level of individual people within a company and a view of their network of relationships.
- Using entity network resolution for individuals helps reduce false positives, resolve conflicts of interest, and increase efficiency and accuracy in the enhanced due diligence process.
Understanding who you do business with isn’t just a regulatory requirement, it’s an essential part of good corporate governance. Join us to learn how you can enhance your ability to resolve entities and identify networks to help protect your brand reputation and minimize potential regulatory fines, fraud, and supply chain disruption.
Paul Westcott, Senior Product Director, Third-Party Risk & Compliance - Dun & Bradstreet
Thomas Cosgrove, Leader Product Management Innovation and Strategy - Dun & Bradstreet