Five ABC Compliance Lessons from Samsung Chief’s Arrest
Posted on 02-21-2017 by Ulyana Androsova

The head of Samsung Group has been arrested in South Korea because of major bribery allegations. The details of the allegations offer some important lessons to companies about the importance of compliance to help prevent and mitigate bribery and corruption risk. Allegations Emphasize Bribery and Corruption... Read More

Sanctions Help World Bank Fight Financial Crime
Posted on 04-29-2016 by Ulyana Androsova

The World Bank’s commitment to debarment against companies involved in World Bank-funded projects who commit financial crime remains strong, according to latest figures . When firms or individuals are found to have engaged in fraudulent, corrupt, collusive, coercive or obstructive practices, the... Read More

Are ties to global sports organizations exposing you to corruption risk?
Posted on 02-03-2016 by Ulyana Androsova

This Sunday, football fans will be gathering—at the stadium as well as in living rooms and sports bars across the country—to watch the Super Bowl. And it’s not just the sports fans who will tune in. Despite the fact that many consumers actively avoid commercials by DVRing television... Read More

FIFA Scandal Shows Why Anti-Corruption Policy is Not Enough
Posted on 12-17-2015 by Ulyana Androsova

Since the FIFA corruption scandal broke in May, prosecutors have charged 41 individuals or entities with violations of global anti-bribery and corruption laws. At the time, court documents suggested that as-yet unnamed media companies and advertisers might have, to coin a phrase, skin in the game. Now... Read More

Are the G20 Countries Slacking on Anti-Bribery and Corruption?
Posted on 12-04-2015 by Ulyana Androsova

Five years ago, the G20 Leaders created the Anti-Corruption Working Group (ACWG) to address the negative impact of corruption on economic development and trade. Yet, the latest Transparency International report suggests that the leaders of the world’s largest economies are falling short when it... Read More

Here’s Why You Can’t Put a Price on Enhanced Due Diligence
Posted on 11-17-2015 by Ulyana Androsova

The Petrobras bribery and corruption scandal feels more like a telenovela—the dramatic Latin American version of a soap opera. Honestly, as investigators uncover new stones, the wild twists and turns of the scandal offer more melodrama than a series finale. According to a New York Times article... Read More

What’s a PEP and Why Should You Care?
Posted on 11-16-2015 by Ulyana Androsova

When it comes to finding your way around the regulatory landscape, the overabundant use of acronyms may make you feel like you need a translator by your side. FCPA, OAFC, BSA, PEP and others … keeping all of them straight could be a full-time job—if you weren’t already busy full-time... Read More

Shipping due diligence: more at risk than piracy on the high seas
Posted on 10-27-2015 by Ulyana Androsova

In 1890, American naval strategist Alfred Thayer Mahan wrote, “Control of the sea by maritime commerce and naval supremacy, means predominant influence in the world; because, however great the wealth product of the land, nothing facilitates the necessary exchanges as does the sea.” Oddly... Read More

Why Due Diligence Matters: How Third Parties Increase Compliance Risk for Global Businesses
Posted on 08-28-2015 by Ulyana Androsova

Are you confident that your current due-diligence process mitigates third-party compliance risk? These days, you can’t be too careful when it comes to vetting and monitoring the third parties that you rely on. Regulators around the world have indicated that many companies lack the necessary controls... Read More

Effective due diligence the best medicine for the pharmaceutical industry
Posted on 08-12-2015 by Ulyana Androsova

The pharmaceutical industry has been impacted by globalization more than most. Where there was traditionally a significant difference between the levels of healthcare and well-being between the developed and developing worlds, there has been rapid and complex change. With an increased demand for cures... Read More

Do you think your pre-M&A due diligence is digging deep enough?
Posted on 08-11-2015 by Ulyana Androsova

It’s a given that before any merger or acquisition, your company conducts due diligence. The question is, are you drilling down to the right information? Financial due diligence is important, of course, but it only scratches the surface. These days, conducting business—including M&A activity... Read More

Where will the FIFA FCPA Investigations End?
Posted on 07-29-2015 by Ulyana Androsova

When the final match of the FIFA Women’s World Cup Canada™ concluded earlier this month, the fans of the U.S. women’s soccer team celebrated, and for a moment, FIFA was in the spotlight for good reason. The Women’s World Cup generated a lot of interest—so much, in fact,... Read More

Complex, global supply chains make supplier due diligence more important than ever
Posted on 05-12-2015 by Ulyana Androsova

Remember the movie Captain Phillips from a couple years ago? It told the true story of the first American cargo ship to be hijacked in two hundred years. It was dramatic, memorable—and to a point, accurate. But there’s a hidden, perhaps less Hollywood-worthy story that puts organizations... Read More

Supply Chain Compliance Meeting Highlights Challenges
Posted on 05-11-2015 by Ulyana Androsova

On April 28-30, compliance and supply chain leaders gathered in Houston, Texas for the 8 th Global Supply Chain Compliance (SCC) meeting. This year’s focus was “Putting words into action in an uncertain landscape for Oil & Gas.” As such, the event organizer, Hanson Wade, offered... Read More

Getting Due Diligence Just Right
Posted on 04-20-2015 by Ulyana Androsova

Lately, large international companies have been capturing attention for the wrong reason—non-compliance with anti-corruption laws like the Foreign Corrupt Practice Act (FCPA). When the dust settles, these organizations face substantial fines and other negative consequences—set up in deferred... Read More

Third-Party Due Diligence: Both a Prevention and a Cure
Posted on 04-09-2015 by Ulyana Androsova

Few companies can operate without reliance on third-party business partners. Whether it’s sales agents or distributors providing invaluable local insight, contacts and skills to help drive access into new markets or a network of suppliers delivering the essential components and raw materials to... Read More