OFAC Archives - MODEVITY

Understanding and Implementing Third-Party Vendor Risk Management

May 23, 2024May 23, 2024 by Thomas Canova

Effective Vendor Risk Management (VRM) is crucial for mitigating risks and protecting your business’s reputation. This involves identifying potential third-party vendors, conducting thorough assessments, and continuously monitoring their performance. What is Vendor Risk Management? Vendor risk management is an ongoing process of due diligence carried out before and after engaging with third-party suppliers. It aims … Read more

AI Can Support Third-Party Vendors and Supplier Risk Management Challenges

March 4, 2024February 29, 2024 by Thomas Canova

Although Artificial Intelligence (AI) has been around for quite a while, the adoption and evolution of AI-related technologies has dramatically improved over the past year. AI can provide organizations with an easier way to manage third-party vendors and supplier risks and ensure compliance in this complex regulatory environment. Third Party Vendors: Opportunities and Challenges Organizations … Read more

The Importance of Healthcare Organizations Hiring Professional Investigative Background Due Diligence Firms

October 25, 2023 by Thomas Canova

Introduction Healthcare organizations have long been considered the cornerstone of public health and wellness, entrusted with the responsibility of caring for our physical well-being. In fulfilling this crucial role, the industry relies heavily on the competence and integrity of its workforce and critical vendors. However, recent incidents have revealed major flaws in healthcare hiring processes, … Read more

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