Tagged: contractual compliance representations

Practical Steps to Implement to Manage Third-Party Sanctions Risks (Part III of III)

Practical Steps to Implement to Manage Third-Party Sanctions Risks (Part III of III)

Facing the myriad third-party sanctions risks can be daunting.  Many global organizations rely on a network of third-party intermediaries that pose a variety of risks.  To mitigate those risks, companies have to implement practical steps tailored to the specific risks. Let’s start with some basic compliance requirements.  Initially, as part of the onboarding process and assignment of a sanctions risk category, global organizations have to...