OUTSOURCING SUPPLY CHAINS – COMPLIANCE RISK & NATIONAL SECURITY

Fundamentally, the terms “outsourcing” and “supply chain” are used interchangeably and refer to when an organization is dependent on a third party for providing products and services. However, there are many examples of internal sourcing (or “insourcing”), where supply chains consist of entities and processes under the direct internal control of an organization such as … Read more OUTSOURCING SUPPLY CHAINS – COMPLIANCE RISK & NATIONAL SECURITY

REPORT: OVER 60 COUNTRIES VIOLATED SANCTIONS WITH NORTH KOREA LAST YEAR

There are an estimated sixty-two countries that violated United Nations Security Council sanctions against North Korea over a one-year period, according to a report from a Washington, D.C.- based think tank The Institute for Science and International Security report, recently released, cites over 250 alleged violations from February 2019 to February 2020 based on data compiled by the United … Read more REPORT: OVER 60 COUNTRIES VIOLATED SANCTIONS WITH NORTH KOREA LAST YEAR

LAW ENFORCEMENT NEW BUDGET CONSTRAINTS – NEED TO EXPAND OUTSOURCING SUPPORT SERVICES LIKE INVESTIGATIVE DUE DILIGENCE

As the coronavirus pandemic negatively impacts the economy and tax revenues drop across the U.S., many have begun to prepare for the hard times ahead by proposing slashed budgets and reduced public services at a time when so many of their residents need them more than ever. But the austerity programs will not be rolled out … Read more LAW ENFORCEMENT NEW BUDGET CONSTRAINTS – NEED TO EXPAND OUTSOURCING SUPPORT SERVICES LIKE INVESTIGATIVE DUE DILIGENCE

BANKS & FINANCIAL INSTITUTIONS FACE ESCALATING COMPLIANCE RISKS IN THE PANDEMIC

It’s not surprising that our current coronavirus pandemic has compelled some financial institutions to reduce staff, furlough or reassign staff at a time when applications for government relief programs are flooding in, increasing banks’ compliance risks, the Office of the Comptroller of the Currency (OCC) recently stated. On Monday the OCC, which supervises and regulates … Read more BANKS & FINANCIAL INSTITUTIONS FACE ESCALATING COMPLIANCE RISKS IN THE PANDEMIC