Better Third-Party Risk Assessment Starts Here

Effectively identify and classify risks associated with client and vendor relationships.

COMPLIANCE BUILT BETTER™

Identify areas of risk before they develop into significant threats. Quantify and assess areas of customer and vendor risk, including KYC risk, AML risk, operational risk, reputational risk and beyond.

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Reduce the likelihood of doing business with a bad actor. Uncover potential vulnerabilities and verify that your customers and vendors adhere to compliance standards.

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Systematically evaluate relationship risk across multiple data points. Configure and capture a range of potential risk factors including geographical location, industry, shareholding structure, firm formation type, and more.

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THIRD-PARTY RISK ASSESSMENT TOOLS

Calculate risk scores and associated risk ratings based on due diligence input factors and third-party screening inputs.

Score risk using data collected from in-depth risk-assessment questionnaires and external database screenings.

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ENHANCED DUE DILIGENCE

Identify high-risk clients and vendors for additional review.

Take action on medium and high-risk third parties with automated escalations, reviews, and periodic review cycles

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COMPREHENSIVE ASSESSMENT

Third-Party Risk Assessment covers AML checks, IT security checks, financial stability assessments and anti-bribery and corruption screenings.

Implement a consistent risk assessment framework to identify and mitigate potential threats from third-party relationships.

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Configure workflows to action and escalate issues based on levels of assessed risk, including enhanced due diligence and more frequent reviews. 

Third-Party Risk Assessment helps you better understand risk with an intuitive visual matrix that transparently demonstrates the input factors that drove the ultimate risk rating. 

The platform is designed to be easily customizable to fit the unique needs and policies of different organizations.

MCO’s Third-Party Risk Assessment solution is part of the Know Your Third Party compliance suite, an integrated solution that manages compliance risk across customer, supplier, business and vendor relationships.

Risk Assessment to Identify and Mitigate the Most Significant Third-Party Threats

MCO’s Third-Party Risk Assessment solution enables you to evaluate and understand the risks your firm faces from client and vendor relationships. With KYC and vendor risk assessment tools including third-party risk questionnaires, external database screenings, and configurable workflows, firms can identify potential vulnerabilities in their customer and other third-party relationships in order to be able to effectively mitigate risk and reduce the likelihood of conducting business with a fraudulent person or entity.

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MyComplianceOffice | Solutions | FinCEN RIA Rule AML Compliance

Be ready for the FinCEN RIA Final Rule with Risk-Based Anti-Money Laundering (AML) and Know Your Customer (KYC) Compliance

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