The Evolving Reality of Third Party Due Diligence, Monitoring and Audits: New Challenges Confronted in High Risk Jurisdictions
Andrew Baird
Compliance Counsel, West
Wood
Doug Cohan
Chief Global Compliance Officer
The Friedkin Group
Ryan Patrick
Partner
Haynes Boone LLP
- Updating risk assessments of third parties to identify new, emerging risk and compliance issues effectively
- Implementing the newest, advanced due diligence and monitoring techniques
- Overcoming the hurdles to continuous monitoring and audits of third parties
- Addressing pitfalls such as incomplete information, geographic and cultural differences, resource constraints, and more local, “on the ground” challenges