Recent guidance from the US Department of Justice (DOJ) on the Evaluation of Corporate Compliance Programs provides best practices for assessing the effectiveness of a program, updating the information provided in 2017 and 2019.
The 2020 updates show an increased emphasis on the management of third party risk. What does this mean for corporations?
The key to effective third-party risk management is ensuring controls are in place when a relationship begins, remain in place over time, and change as needed to manage new risks. Watch this brief video to understand how MCO's third-party risk management software can help you automate this process, affordably and without the complexity associated with other vendors.
MyComplianceOffice is proud to be a first-time exhibitor the 2016 3rd Party Risk Management for Banks conference in Chicago this June 6 through 8.
