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During the conference held on the 10th June at the Università Cattolica del Sacro Cuore, we presented the report:



“Third Party Risk Management in Italy:
Current State and Future Vision”

The study is the result of a collaboration between Lab4Compliance, Crime&tech – spin-off company of Transcrime, Research Centre of the Università Cattolica del Sacro Cuore, and the DEMS Department of the University of Palermo.

The aim of the study is to address a key issue for compliance and security officers in corporations, banks and public administrations: the assessment, management and prevention of third party risks.

In particular, the study aimed to:

  • Provide an overview of the main areas of legislation that directly and indirectly regulate the TPRM;
  • Understand the current TPRM practices of Italian companies and banks, identifying the main risks and the most recurring types of controls on suppliers, sub-contractors, partners, customers;
  • Analyse the tools and databases most frequently used by Italian operators for TPRM;
  • Discuss critical issues, challenges and future opportunities in third-party risk assessment and management;
  • Elaborate a set of recommendations for future action in this area.