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 (MCO) will join Senior Vendor & Third Party Risk Experts in New York at the Millennium Broadway Hotel for Vendor & Third Party Risk USA, June 14-15. This two day agenda features more than 20 presenters and is the second event from the Center for Financial Professionals which MyComplianceOffice team members will attend this year. This event, which according to the Website is to focus on “reviewing vendor and third party outsourcing for better management, understanding and regulatory compliance,” is especially relevant to MyComplianceOffice given the introduction of MCO’s Know Your Third Party (KYTP) solution.
"Reviewing Vendor and Third Party Outsourcing for Better Management, Understanding and Regulatory Compliance"
