Tagged: Third-party risk management

Aravo Webinar: Where Your Nth Party Liabilities Start and End

Where Your Nth Party Liabilities Start and End June 19, 2024, 11 am EST Sign Up Here Among the many challenges risk professionals face is understanding the true depth and breadth of their third-party risks. The scope and scale of assessing, managing, and mitigating third-party risk is constantly evolving, with increasing regulatory, shareholder, and market scrutiny, as well as increasing demands for transparency, auditability, and...

Gan Integrity and Control Risks Webinar: From Compliance to Sustainability

Gan Integrity and Control Risks Webinar: From Compliance to Sustainability

From Compliance to Sustainability December 6, 2023 10 am EST/4 pm CET SIGN UP HERE Gan Integrity and Control Risks have announced an important upcoming webinar addressing the evolving third-party risk management context — From Compliance to Sustainability. Third-party risk management has evolved at a rapid pace over the past decade. The regulatory environment has quickly followed suit. Enterprises, however, are struggling to keep up...

Alex Cotoia Featured on Tom Fox’s Diligent Third-Party Risk Management Podcast Series

Alex Cotoia Featured on Tom Fox’s Diligent Third-Party Risk Management Podcast Series

Alex Cotoia, Regulatory Manager at The Volkov Law Group, recently was featured on Tom Fox’s Diligent Podcast Series focused on Third-Party Risk Management. The Podcast is available HERE. In 2022, the overwhelming majority of FCPA related enforcement actions involved third parties and required organizations to reprioritize third party risk management. In this episode, Alex and Tom consider case studies involving ABB Limited, GOL Airlines and...

Michael Volkov and Matt Crome Speak on Third-Party Risk Management at the NAVEX Next Global Virtual Conference

Michael Volkov and Matt Crome Speak on Third-Party Risk Management at the NAVEX Next Global Virtual Conference

NAVEX announced its 11th annual global virtual conference. The opening day of the conference will be webcast on September 29, 2022. This year’s opening keynote will feature former Olympian and the first female president of U.S. Soccer, Cindy Parlow Cone. I am pleased to participate in the conference with Matt Crome in a session on the Future of Holistic Third-Party Risk Management — Trends to...

Building a Compliance Dashboard (Part I of II)

Building a Compliance Dashboard (Part I of II)

This is a topic that every compliance professional has to address in one form or another.  Chief compliance officers are so busy that they often cannot even take the time to tackle this difficult issue.  This is a real practical issue of importance.  Just to define terms and the focus of this blog posting — we have to define the issues and purposes of the...

The Glencore Settlement: Lessons Learned (Part V of V)

The Glencore Settlement: Lessons Learned (Part V of V)

The Justice Department has resumed FCPA enforcement with a bang.  The new enforcement approach has been unveiled and the message for CCOs and corporate business leaders is clear — anti-corruption compliance should be a critical compliance priority.  Companies that fail to do so will be severely punished.  The new DOJ approach stands as one of the most important events elevating the importance of corporate compliance...

Keeping Track of Third Party Risks – Bribery and Sanctions

Keeping Track of Third Party Risks – Bribery and Sanctions

We have heard it over and over, again and again – third-parties pose significant risks of bribery for all global businesses.  Almost every FCPA enforcement action includes some form of third-party misconduct.  The current picture from the Stanford FCPA Resource confirms the story. A cottage industry of automated platforms, data analytics, due diligence and monitoring strategies have grown around third-party bribery risk.  Companies have designed...

Episode 200 — The Foster Wheeler FCPA Enforcement Action

Episode 200 — The Foster Wheeler FCPA Enforcement Action

The Justice Department and the Securities Exchange Commission are back in business.  The first corporate FCPA enforcement action in 2021 came after a six-month hiatus in 2021. The first case against a corporate entity in 2021 is an interesting one because it reflects a coordinated settlement not only between DOJ and the SEC but the U.K.’s Serious Fraud Office and Brazil’s Ministério Público Federal (MPF),...