We are all familiar with the mantra on the importance of managing third-party risk to prevent anti-corruption, sanctions, money laundering and associated risks. Over the last ten years, however, we have observed a new and important addition to the third-party risk plate – cybersecurity and data breach. And of course we have a posterchild for this risk – the 2013 attack on Target’s financial and...
Companies are struggling. Many have shut down. Some are surviving from a remote workforce. Some critical businesses – healthcare providers, food, pharmacies and essential services (e.g. utilities) – are continuing to operate. Employers have given large numbers of raises and have to adapt to a new marketplace with COVID-19 risks and regulatory requirements. Certain businesses are hiring large numbers of employees – Amazon, drug stores...
Global companies face significant challenges in managing their supply chain risks. Most companies incorporate a holistic supply chain risk process as part of their enterprise risk management systems. Legal risks, while not the most significant risk, is one aspect of these risks, especially in the aggressive enforcement of anti-bribery, sanctions, anti-money laundering and speciality laws surrounding conflict minerals, human trafficking and slavery. In this episode,...
