PRESS RELEASE: “Modevity Signs National Property and Casualty Insurance Company”

National Property and Casualty Insurance Company Signs For Modevity’s Vendor Risk Management (VRM) Services Vendor Risk Management as a Service West Chester, PA – Thursday, November 18, 2021 Modevity, LLC, a leading Commercial Intelligence company established in 2004 specializing in Investigative Due Diligence Research and Vendor Risk Management (VRM) Services, announced today that the company … Read more

ORGANIZATIONAL STRATEGIES TO MANAGE THIRD-PARTY VENDOR RISK

Blog Author: Thomas J. Canova Co-Founder, CMO – Modevity Third-Party Vendor Risk Management (VRM) is an important part of the overall risk management landscape for enterprise organizations. Most corporations have thousands of suppliers: The fast-moving consumer goods company Proctor and Gamble states that it has over 75,000 suppliers. These suppliers are responsible for everything from … Read more

WILL THE AMERICAN BUSINESS SUPPLY CHAIN BE AT FURTHER RISK AS CHINA’S ECONOMY IS THREATENED BY A REAL-ESTATE DEVELOPMENT BUBBLE

Blog Author : Tom J. Canova, Co-Founder, CMO Modevity There has been much news coverage over the last eighteen months regarding the Covid Pandemic and the Supply Chain Risks to US Economy.  The overall concerns of the American Supply Chain have been highlighted by the Biden Administration reviews of the US Supply Chain Risks and … Read more

FINANCIAL SERVICES FIRMS AND BANKS FACE CHALLENGES AGAINST CRYPTO MONEY LAUNDERERS

Virtual currencies such as Bitcoin are becoming mainstream and many traditional banking customers are regularly transacting with cryptocurrency exchanges.  The senior compliance management teams at the institutions must implement robust anti-money laundering (AML) and other customer and vendor risk management solutions in this area to avoid severe fines and potential jail time for executives. Banking … Read more

FINCEN LAUNCHES REGULATORY PROCESS FOR NEW BENEFICIAL OWNERSHIP REPORTING REQUIREMENT

WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) today issued an Advance Notice of Proposed Rulemaking (ANPRM) to solicit public comment on a wide range of questions related to the implementation of the beneficial ownership information reporting provisions of the Corporate Transparency Act (CTA). This ANPRM is the first in a series of regulatory actions that FinCEN will undertake … Read more

MODEVITY EXPANDS VENDOR RISK MANAGEMENT AS A SERVICE

West Chester, PA – Monday, March 22, 2021 Modevity, LLC, a leading Commercial Intelligence company established in 2004 specializing in Investigative Due Diligence Research Services, announced today that the company has expanded its Vendor Risk Assessment System to offer complete “Vendor Risk Management as a Service.” The Modevity Vendor Risk Management Platform provided as an outsourced service will provide clients … Read more