Blog

Shared Compliance Communities – Aravo’s Perspective and Experience

Shared Compliance Communities gather supplier/third-party responses to standardized assessments with the promise of increased efficiencies and improved data quality.  This concept isn’t necessarily new – at least not outside the U.S. - but there has been some recent development in terms of interest in the model.

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Topics: third party risk management, compliance programs, Hellios, communities, Financial Services, defense

Bribery & Corruption - “societal action v. unenforced regulation”

At the moment, the international approach to enforcement around bribery and corruption can seem uneven, at best and perhaps lax, at worst.

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Topics: Anti-Bribery and Anti-Corruption, Bribery, Corruption, Corruption Enforcement, Fraud, third party risk management, compliance programs, FCPA, uk bribery, uk sfo, reputational risk

Whetting the Appetite in Third Party Risk

A snapshot of the results of two new audience surveys suggests that the concept of “risk appetite” within the third-party risk management framework is still finding its feet. Attendees at a pair of June New York and London conferences, aimed at the financial services industry’s third party risk professionals, responded very similarly to three key questions.

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Topics: third party risk management, risk and compliance, Financial Services, compliance risk, reputational risk, risk management, tprm, event, EMEA, governance, compliance programs, third party risk, risk appetite, survey

Board Reporting, Risk Scorecards, Cybersecurity and more – takeaways from CEFPROs Vendor and Third Party Risk USA Conference

Earlier this month, I attended and chaired at the Center for Financial Professional’s conference on Vendor and Third Party Risk USA in New York. The two-day event highlighted the complexity that third party risk managers face, with topics as far ranging as cyber-risk at fourth parties, to applying third party risk frameworks to intra-company organizations. The event also demonstrated that the discipline is having to evolve and mature fast in order to keep pace with the changing digital landscape as well as ongoing regulatory change. Here are my top takeaways from the event, which I hope you will find of interest.

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Topics: third party risk management, risk and compliance, Anti-bribery & Anti-corruption, Financial Services, High Technology, business case, Responsible Sourcing, compliance risk, reputational risk, risk management, tprm, event, EMEA, governance, compliance programs, third party risk

CEFPRO's Vendor & Third Party Risk EMEA conference - Top 10 Key Takeaways for Third Party Risk

This week, I had the pleasure of chairing Day one of the Center for Financial Professional’s conference on Vendor and Third Party Risk EMEA. The conference brought together insights about the evolution of the discipline as well as some key best practices. Here are my top ten takeaways from the event that I would like to share.

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Topics: third party risk management, risk and compliance, Anti-bribery & Anti-corruption, Financial Services, High Technology, business case, Responsible Sourcing, compliance risk, reputational risk, risk management, tprm, event, EMEA, governance, compliance programs, third party risk

What will 2017 Hold for Bribery & Corruption Enforcement?

8 reasons why anti-bribery & corruption compliance should be a focus for multinationals

If January is anything to go by, 2017 is set to be another year for headline-grabbing regulatory sanctions against organizations for bribery and corruption violations.  The year has already seen significant enforcement activity on both sides of the Atlantic.

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Topics: Anti-Bribery and Anti-Corruption, Global 2000, Bribery, Corruption, Corruption Enforcement, Fraud, third party risk management, compliance programs