Difference between Business Units & Third Parties

Forum - Software
#1

Hi there,

Just to under the dependencies a starting question:

Does the term: Business Units relate to the Risk Management section in the same way as the term: Third Party relates to the Compliance Management section?

Or is there more into it?

Looking forward to hear from you.

Best Regards

Christian Rozet

#2

Hello There,

They are different things and both can be used for Risk purposes, have you checked this guide?

image

It should help to understand why they are there, if not, let us know we might need to improve the doc !

Regards