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2023 Tax Calendar
VIEWpoint Issue 2 | 2022
Inflation Reduction Act: Highlights of Key Changes for You and Yo...
The 2022 Gift Tax Return Deadline Is Coming Up Soon
HUD Strengthens the Effects Test
President Biden’s Proposed Budget Includes Notable Tax Provis...
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:
If you need help putting together a third party risk management program, contact Doeren Mayhew’s Financial Institutions Group specialists in Michigan, Houston or Ft. Lauderdale.
This publication is distributed for informational purposes only, with the understanding that Doeren Mayhew is not rendering legal, accounting, or other professional opinions on specific facts for matters, and, accordingly, assumes no liability whatsoever in connection with its use. Should the reader have any questions regarding any of the news articles, it is recommended that a Doeren Mayhew representative be contacted.
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