REGULATORY COMPLIANCE DRIVING IMPLEMENTATION OF VENDOR RISK MANAGEMENT SERVICES (VRM)

Blog Author : Tom J. Canova, Co-Founder, CMO Modevity In this Security Centric and Compliance Regulatory Environment organizations in varied market segments, as well as government agencies now recognize that vendors and the supply chain may pose potential threats and risks including IT-related cyber security challenges. The importance of  Third-party Vendor Risk Management (VRM) in … Read more

FEDERAL GOVERNMENT SUPPLY CHAIN THREATS AND RISK

Blog Author : Tom J. Canova, Co-Founder, CMO Modevity Inherent Risk and Complexity of the Federal Supply Chain Today, the federal government relies on a wide and diverse supply chain to source infrastructure, equipment, and other essential materials and services. To meet their need, from thousands of products, supplies and services – federal agencies rely … Read more

Modevity Announces our Certified HUBZone Small Business Concern by the SBA

  West Chester, PA, USA – Friday, June 4, 2021 Modevity, LLC, a leading Commercial Intelligence company established in 2004 specializing in Investigative Due Diligence Research Services, announced today that the company was Certified HUBZone Small Business Concern by the SBA. The Office of the HUBZone Program’s mission is to promote job growth, capital investment, and economic development to historically … Read more

EXPANDING SCOPE OF VENDOR RISK MANAGEMENT SERVICES THROUGHOUT THE ENTERPRISE

It seems that the potential for a major data breach event has organizations prioritizing third-party risk management across the board.  But when it comes to evaluating and managing vendors and the potential threats they may present to the enterprise, the risks reach is far beyond IT-related cyber security challenges. The importance of the expansion of … Read more

HOW WELL DO YOU KNOW YOUR SUPPLIERS AND CHANNEL PARTNERS?

By: Tom J. Canova, Co-Founder, CMO, Modevity  In Today’s complex business ecosystem, companies rely more and more on third-party supplier relationships and a growing supply chain to meet organizational objectives. It is vital for any company to manage these relationships and apply due diligence to onboard new vendors and apply third-party risk analysis and continuous … Read more

OPEN SOURCE INTELLIGENCE IS CRITICAL TO INVESTIGATIVE RESEARCH & ANALYSIS

There continues to be accelerated expansion of new AI enabled data platforms and long-standing data providers, as well as new Open Source investigative tools, they are becoming a vital resource to critical investigations and intelligence operational strategies. Traditional intelligence sources include Human Intelligence (HUMINT) and Signals Intelligence (SIGINT). HUMINT and SIGINT have dominated the intelligence … Read more

U.S. BANKS TRAVERSE UNEVEN REGULATIONS TO SERVE CANNABIS BUSINESSES

It is interesting to now see that many financial institutions are looking to offer banking services to the expanding number of legal cannabis growers and distributors in the U.S. even though the young industry continues to be limited by inconsistent regulations and expensive compliance requirements. The inconsistencies between federal and state laws governing the use … Read more

MODEVITY INVESTIGATIVE DUE DILIGENCE – ‘KNOW YOUR DONOR’ MAJOR DONORS

by Tom J. Canova, Co-Founder, CMO Modevity University development fundraising programs are in facing a public relations crisis.  Over the last couple of years there have been major examples of PR disruptions that are far reaching – from Sackler family, Epstein, and highly questionable money from Saudi Arabia and China entities. While contributions from these … Read more

MODEVITY INVESTIGATIVE DUE DILIGENCE RESEARCH SERVICES CAN EXPOSE AND REDUCE SUPPLY CHAINS – COMPLIANCE RISK

Expose Supply Chain Security Risk MALVERN, Pa., September 20, 2020 — Modevity, LLC, is a leading Commercial Intelligence company established in 2004, specializing in Investigative Due Diligence research reporting services.  Modevity supports several market segments and organizational use cases including, Legal, M&A Portfolio Management, Supply Chain, Law Enforcement, Executive Due Diligence and KYC/AML. The coronavirus … Read more

OFAC SETTLES WITH AMAZON.COM, INC. WITH RESPECT TO POTENTIAL CIVIL LIABILITY FOR APPARENT VIOLATIONS OF MULTIPLE SANCTIONS PROGRAMS

OFAC Settles with Amazon.com, Inc. with Respect to Potential Civil Liability for Apparent Violations of Multiple Sanctions Programs Enforcement Release: July 8, 2020 Amazon.com, Inc. (“Amazon”), a Seattle, Washington-based company that provides retail, ecommerce, and digital services to millions of customers worldwide, has agreed to pay $134,523 to settle its potential civil liability for apparent … Read more

COVID-19 IS RAISING FINANCIAL INSTITUTIONS AML COMPLIANCE RISKS EVEN HIGHER

AML/CFT Compliance Risks Highlighted 2020 The Department of the Treasury, the Financial Crimes Enforcement Network (FinCEN), and federal and state financial regulators filled the first four months of 2020 with a series of actions that should put financial institutions and their compliance officers on notice that scrutiny of AML/CFT compliance is increasing in key areas. … Read more

MODEVITY EXPANDS OUR INVESTIGATIVE DUE DILIGENCE RESEARCH SUPPORT TO NEW CLIENT LAW FIRMS

MALVERN, Pa., August 13, 2020 — Modevity, LLC, is a leading Commercial Intelligence company established in 2004 and provides Investigative Due Diligence research reporting services. Modevity continues to expand our Investigative Due Diligence Research case support to Law Firms.  This quarter we have closed Five new Law Firm clients to support their varied criminal, business, and … Read more