VIEWpoint Issue 1 | 2023
2023 Compliance Trends: Staying Ahead in an Evolving Regulatory E...
2023 Tax Calendar
On Oct. 31, the Office of the Comptroller of the Currency (OCC) issued Risk Management Guidance to assist banks in understanding how to assess and manage the risks associated with third-party relationships. Due to the fact that institutions are being directly held responsible for actions taken by third party vendors, it is critical for banks to have effective monitoring in place to maintain in compliance with applicable laws and protect its customers.
Bank’s third party risk management process should include:
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