Foreign Service Providers Policy
The purpose of this Foreign Service Providers Policy Template is to help a bank, credit union, fintech company, or other type of financial institution to limit risks associated with foreign service providers by oversight and control strategies.
Table of Contents
- Purpose and Contents – Topic 1
- Policy Statement – Topic 2
- Risk Management – Topic 3
- Export Controls – Topic 4
- Due Diligence – Topic 5
- Contracts – Topic 6
- Monitoring and Oversight – Topic 7
- Undisclosed Foreign Based Subcontracting Arrangements – Topic 8
- Regulatory Agency Access to Information – Topic 9
- Examination Considerations – Topic 10
- Audit Policy – Topic 11
- Staff Training – Topic 12
- Retention of Documentation – Topic 13
NOTE: This product is intended to be a supplement to a financial institution’s vendor management policy. For a complete solution, please refer to our Vendor Management Program Policy which contains the full text of this template in addition to other related regulatory guidance.
This Foreign Service Providers Policy Template (approximately 8 pages) is available to purchase from BankPolicies.com in Microsoft® Word format.
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