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Evaluating Third Party Risk and Performance

Best practice approaches to risk and performance scoring and automated workflow

As businesses have evolved and matured, so too has their approach to third parties. In the past, companies focused more on transactional ‘supplier’ relationships, typically for raw materials or ‘parts’. However, today third party relationships form a much deeper and far-reaching part of the strategic and operational ecosystem of any Global 2000 organization.

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Topics: risk and compliance, third party risk management, Global 2000, compliance risk, tprm, business complexity, scale, business change, business scale, white paper, third parties, risk-scoring, performance scoring, automated workflows, risk dashboard

Third Party Risk Management in the Dynamic of Business Scale, Complexity, and Change

Why TPRM objectives fail – and what Global 2000 companies need to succeed

Even though large organizations have invested time, attention, and resources into third party risk management (TPRM) over the past decade, it’s clear that many programs are failing to deliver on their primary objective - keeping the organization safe.

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Topics: Anti-bribery & Anti-corruption, risk and compliance, third party risk management, Data Security & Privacy, Responsible Sourcing, Global 2000, compliance risk, tprm, business complexity, scale, business change, business scale, white paper, third parties

The DOJ’s “Evaluation of Corporate Compliance Programs”

Guidance for your FCPA Programs

On the 8th of February the Fraud Section of the DOJ released fresh guidance in the form of its “Evaluation of Corporate Compliance Programs,” which provides a list of questions that prosecutors will typically ask about a compliance program.

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Topics: FCPA, risk and compliance, Third Party Management, Global 2000, DOJ, KYTP

OCC BULLETIN 2017-7: The OCC's Supplemental Examinations Procedures for Third Party Relationships

Raising the Bar for Banks' Third Party Risk Management

On Jan 24 2017 the US Office of the Comptroller of the Currency issued Supplemental Examination Procedures for Third Party Relationships. These examination procedures are intended to supplement OCC Bulletin 2013-29, “Third-Party Relationships: Risk Management Guidance,” issued October 30, 2013. The supplemental procedures promote consistency when examining national banks and federal savings associations' (collectively, banks) risk management of third-party relationships. These procedures expand on the core assessment contained in the “Community Bank Supervision,” “Large Bank Supervision,” and “Federal Branches and Agencies Supervision” booklets of the Comptroller’s Handbook.

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Topics: OCC, financial institutions, Third Party Management, Global 2000

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, third party risk management, Corruption Enforcement, Corruption, Global 2000, Fraud, Bribery, compliance programs