Know your third party compliance

In today’s business environment organisations are held responsible for the actions of suppliers, vendors and partners in addition to their own internal activities. Knowledge and understanding of supplier and third party risk is of the utmost importance. While there is no one-size-fits all guidance to supplier and third party risk management, each organisation must know its business well enough to understand where risks may materialise and employ processes to detect them.

This webinar provides an understanding for how best to prevent, detect and investigate supplier and third party risk, by implementing a simple Know Your Third Party (KY3P) framework.

Topics to be discussed include:

  • the types of risks corporate treasurers need to be wary of
  • how corporate treasury can look to develop a programme of policies, procedures and controls based on scale and size of supply chain
  • detecting the risks – how corporate treasury can screen against third parties to ensure legitimacy and sustainability
  • monitoring, reporting and training measures organisations should look to adopt

Download the slides here.

Sponsored by:

Thomson_Reuters

Speakers

Stephen Baseby, Associate Policy & Technical Director, ACT

Stephen joined the ACT Policy & Technical team after 44 years in banking and corporate treasury in Australia, the UK, and Germany. Recent decades have been spent in the UK regulated and privatised utility industries on domestic UK treasury management and that of their world-wide investments. Scope of work has included: building corporate treasuries from scratch; corporate bank and bond finance; bank, bond, and supra-national agency funded project finance; flotation, divestment and acquisition financing; and operational treasury for SME’s and FTSE100 companies. Stephen is MCT qualified.

James Swenson, Head of Operations and Delivery - Thomson Reuters Enhanced Due Diligence, Thomson Reuters

James SwensonJames Swenson is the Head of Operations and Delivery for Thomson Reuters Enhanced Due Diligence business, responsible for proving due diligence services to clients worldwide. He is a Certified Anti-Money Laundering Specialist (CAMS) and has substantial experience designing due diligence programs complying with FCPA, UK Bribery Act, AML, and supply chain risk management.

James originally joined IntegraScreen in 2006 as a case manager based in Hong Kong. In 2009, he relocated to London to oversee IntegraScreen’s expansion in the European market after the company was acquired by World-Check. During this period, James was responsible for substantial growth in the region. Following Thomson Reuters’ acquisition of World-Check in 2011, James assumed his new role managing the division on a global scale.


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