John Arvanitis, Managing Director in the Compliance Risk and Diligence practice, was quoted in Compliance Week in the article, “Poll Shows Room for Improvement on Training Third Parties.” In the article, John discusses how in educating third parties, “the training should always be appropriate and should be based on the risk assessment that’s conducted and potentially the risk profile that the business faces in the jurisdictions or industry in which it operates.” John also states that the subject-matter training should be “specific and relevant rather than providing a litany of information that may not be impactful or substantive for the third party.”
John emphasizes that the most important thing in establishing a third-party training program is to “sit down and develop a plan for your training program.”
Read the full article here.
