This advanced, practice-focused seminar examines one of the most critical—and most dangerous—areas of corporate compliance: third-party risk. From agents and consultants to distributors, joint venture partners, and supply chain vendors, third parties are often the source of major enforcement actions involving corruption, sanctions violations, fraud, and regulatory breaches.
The course focuses on how lawyers and compliance professionals identify, investigate, and mitigate risks associated with third parties in global operations. Students will learn how to conduct due diligence, draft protective contractual provisions, monitor ongoing relationships, and respond to red flags and potential misconduct.
The seminar emphasizes real-world legal strategy, including internal investigations, regulatory exposure, and crisis response, while aligning with expectations from regulators such as the U.S. Department of Justice and the U.S. Securities and Exchange Commission.
The course treats third-party risk as a frontline issue in corporate survival, where compliance failures can lead to severe financial, legal, and reputational consequences.
This course assumes prior study of corporate compliance, business law, or regulatory law.
Course Objectives
By the end of the course, students should be able to:
1. Identify and assess third-party risk in global operations.
2. Design and implement due diligence processes.
3. Recognize red flags and high-risk indicators.
4. Structure contracts to mitigate third-party exposure.
5. Conduct internal investigations involving third parties.
6. Develop monitoring and auditing systems.
7. Respond to compliance failures and enforcement risks.
8. Navigate cross-border legal and regulatory challenges.
9. Advise clients on risk mitigation strategies.
10. Integrate third-party risk management into broader compliance programs.
