Ongoing Monitoring of Third Party Relationships

Regulators have been unequivocal in their expectation that companies know who they are doing business with. While pre-onboarding due diligence on third parties has become the cornerstone of most compliance programs, many companies are still feeling their way toward integrating effective post-onboarding monitoring strategies.

Here we discuss steps you can take and resources you can leverage to define and execute a sustainable approach to third party monitoring.