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New Guidance for Third-Party Risk Management – a Conversation with Terry Pesce

AML Conversations

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The Importance of Governance in Risk Decisioning

There are significant benefits in having third party relationships because you get access to other technologies, other other expert staff and that kind of thing. But there's also some challenges and the challenges is sort of what we just applied and that is loss of control. So as a third party coming into assist banks in one project or another, we would always make sure that a that we were on the same page at the very beginning of the projects.

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