Third-party risk management: knowing the right thing ≠ doing the right thing
Former international sales executive, Richard Bistrong, served time in a federal prison camp after being targeted in a US Department of Justice investigation of a UN supply contract. After fully cooperating, he now dedicates his life to raising awareness and educating companies on the risks of corruption. In this episode of KYC decoded, Richard and Bill Hauserman, Moody’s Analytics KYC head of the Financial Crime Compliance Practice for the Americas, talk about: how expertise, data, and technology should work together to push due diligence forward; the impact culture has when it comes to compliance strategies and mitigating risk; and the qualities required of professionals to maintain their integrity and deal with illicit actors.
Moody’s Talks: Risk Reframed · Alex Pillow, Richard Bistrong, Bill Hauserman
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Show Notes
Former international sales executive, Richard Bistrong, served time in a federal prison camp after being targeted in a US Department of Justice investigation of a UN supply contract. After fully cooperating, he now dedicates his life to raising awareness and educating companies on the risks of corruption.
In this episode of KYC decoded, Richard and Bill Hauserman, Moody’s Analytics KYC head of the Financial Crime Compliance Practice for the Americas, talk about:
- How expertise, data, and technology should work together to push due diligence forward.
- The impact culture has when it comes to compliance strategies and mitigating risk.
- The qualities required of professionals to maintain their integrity and deal with illicit actors.
For more information, check out the resources mentioned in this episode:
- Visit Richard's website at Richardbistrong.com, or email him at [email protected]
- Front-Line Anti-Bribery LLC
- Richard’s compilation of book reviews
- The FCPA blog
- ACAMS website
- ACFCS website
- KYC Decoded episode, ‘Modern slavery and how to fight it’
If you would like to find out how Moody’s Analytics can help automate your third-party risk management, please get in touch. We would love to hear from you.
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