Payment Services: Supply Chain Risk Management
· WOWERI
The Ukrainian National Bank has expanded third-party risk control to the entire supply chain. This means payment service providers must monitor risks across all supply chain participants.
Introduction
The Ukrainian National Bank has tightened requirements for payment service providers. They must now monitor risks across the entire supply chain, not just outsourcing.
What this means
This means payment service providers must control risks across all supply chain participants, including suppliers, contractors, and other third parties.
Impact on Business
This new requirement may impact payment service providers' businesses, as they will need to implement new processes and procedures to manage supply chain risks.
What to do next
Source: biz.ligazakon.net