Taking Stock: UN World Day of Social Justice and Corporate Social Responsibility
Posted on 02-20-2018 by Lisa Thompson

The relationship between social injustice—and those who turn a blind eye to it—has been recognized by great minds across the ages. “Your silence is consent,” said Plato 24 centuries ago. “He who does not oppose evil, commands it to be done,” said Leonardo Da Vinci... Read More

Six lessons from 2017 FCPA enforcement actions
Posted on 01-11-2018 by Ulyana Androsova

Last year, 11 companies paid just over $1.92 billion to resolve US Foreign Corrupt Practices Act (FCPA) enforcement actions. We take a closer look at the biggest fines and draw out six lessons on how companies should respond to bribery and corruption risks. Fines are getting bigger The total number... Read More

20 years of the Anti-Bribery Convention
Posted on 12-12-2017 by Ulyana Androsova

The Organization for Economic Cooperation and Development’s (OECD) Anti-Bribery Convention was signed on 17 December 1997. It required its member countries to create legislation to make bribing a foreign public official illegal. In this blog, the Head of the OECD’s Anti-Corruption Division... Read More

Tailoring Due Diligence to Support Business Growth
Posted on 12-12-2017 by Ulyana Androsova

In today’s climate terms like ‘due diligence’, ‘being risk averse’ and ‘risk assessment’ might seem like jargon and barriers to productivity, but in reality, addressing third-party risk through onboarding due diligence and risk assessments helps ensure successful... Read More

The Dark Side of Chocolate
Posted on 12-08-2017 by Ulyana Androsova

As the year draws to a close, supermarket shelves are once again groaning with the weight of chocolates that will be sold and gifted in vast quantities globally. With December 9 being Anti-Corruption Day , however, now is the perfect time to ask, “Are the goodies we add to our shopping carts hiding... Read More

Building a Case for PESTLE Risk Monitoring—See Socio-Cultural Risk More Clearly
Posted on 11-06-2017 by Ulyana Androsova

Our series on PESTLE risk monitoring continues with an exploration of the “S”—Socio-cultural—and how it influences supply-chain and third-party risk to global organizations. As organizations become more reliant on complex networks of suppliers and other third parties, the risks... Read More

Building a Case for PESTLE Risk Monitoring—How to Manage Economic Risk More Effectively
Posted on 10-23-2017 by Ulyana Androsova

In the second blog in our series on PESTLE risk monitoring, we look at the “E”—Economic—and the role economic factors play in terms of the supply-chain and third-party risks organizations face. Economics is at the core of every business. Defined as the production, consumption... Read More

Reflections on the increased risk of modern slavery
Posted on 10-23-2017 by Ulyana Androsova

Modern slavery risks have risen across the world over the last year, including in 20 of the 28 member states of the European Union, according to the Modern Slavery Index 2017 , an annual study by Verisk Maplecroft, we look at the increased risks and numbers of victims of forced labor in supply chains... Read More

Building a Case for PESTLE Risk Monitoring—Know the Political Landscape
Posted on 10-19-2017 by Ulyana Androsova

In the first blog in our series on PESTLE risk monitoring, we look at the “P”—Political—and the role political factors play in terms of the supply-chain and third-party risks organizations face. If 2016 taught us nothing else, it certainly demonstrated that the global political... Read More

Headlines highlight the reputational and financial risks of sexual harassment
Posted on 10-18-2017 by Ulyana Androsova

How quickly can a trickle of negative news accelerate into a flood of financial and reputational risk? These days, the answer is fast—at least when it comes to sexual harassment allegations. As more women (and a few men) come forward to share their experiences of sexual harassment, it’s clear... Read More

One Young World Summit Highlights Need For Corporate Social Responsibility
Posted on 10-12-2017 by Ulyana Androsova

This past weekend, up-and-coming young leaders from across the globe gathered together in Bogotá, Colombia for the One Young World Summit 2017. Since forming in 2009, the UK-based nonprofit has staged the annual Summit to bring together young talent from global and national companies, NGOs, universities... Read More

New international certification emphasizes need for risk-based due diligence
Posted on 10-09-2017 by Ulyana Androsova

The International Standards Organization has issued a new standard that organizations and companies can use to certify their anti-bribery and corruption compliance procedures. ISO 37001 has been agreed by standards bodies in 37 participating countries . These include the UK and US, whose anti-bribery... Read More

4 ways to mitigate third-party risks
Posted on 10-04-2017 by Ulyana Androsova

Lower operational costs, enhanced supply chain stability, smoother entry into new markets—the benefits of outsourcing business functions to third parties are undeniable. As the third-party networks that organizations rely on grow larger and more complex, however, identifying and mitigating the... Read More

Supplier Engagement- The key to reducing your Reputational Risk
Posted on 09-19-2017 by Ulyana Androsova

Brand reputation has never been more important in influencing consumer and stakeholder decisions. At the same time, brand image can alter extremely quickly thanks to the increasingly instant nature of the media and the profile of public opinion. Witness the impact of the negative media attention on Marks... Read More

Beneficial Ownership to Improve Risk Management
Posted on 09-14-2017 by Ulyana Androsova

Beneficial ownership registries on the rise When the International Consortium of Investigative Journalism published the Panama Papers last April, few knew where the revelations of tax evasion through off-shore accounts and shell companies would lead. More than a year later, the fall-out continues... Read More

Carrot and stick: why compliance pays under FCPA Pilot Program
Posted on 08-30-2017 by Ulyana Androsova

Two recent ‘declinations with disgorgement’ suggest that the FCPA Pilot Program, which rewards companies for self-reporting violations of the Foreign and Corrupt Practices Act (FCPA), is alive and well. We look at what the scheme means for companies and how they can improve their compliance... Read More

Corruption risk lessons from 2017’s major bribery investigations
Posted on 08-23-2017 by Ulyana Androsova

2017 has been a year of major bribery fines, and we are only halfway through the year. In this blog, we review the global trend towards stronger anti-bribery legislation and how companies should mitigate corruption and bribery risk. Major bribery investigations So far this year there have been... Read More

World Bank Debarment Actions Show Value of ABC Compliance
Posted on 07-26-2017 by Ulyana Androsova

The World Bank has been busy. In a press release issued at the end of the World Bank’s fiscal year on June 30, the organization announced that it had debarred 16 companies for sanctions violations and entered into eight Negotiated Resolution Agreements (NRA) in the past quarter. The latest actions... Read More

Compliance Check: Gaps and Good Practices Appear in Modern Slavery Statements
Posted on 06-26-2017 by Ulyana Androsova

In October 2015, the UK Modern Slavery Act came into effect, including the Transparency in Supply Chains (TISC) clause requiring businesses to disclose the steps they are taking to tackle modern slavery. Businesses with a year-end of 31 st March 2016 were the first ones required to publish their modern... Read More

10 Steps to Support Sanctions Compliance
Posted on 06-14-2017 by Ulyana Androsova

Recent changes to global sanctions regimes—along with some high-profile and costly sanctions violations—illustrate the importance of mitigating sanctions risks. With increased compliance focus on companies outside of the banking and financial services, it is crucial for companies to implement... Read More

Novartis bribery allegations highlight compliance risks in pharma
Posted on 05-23-2017 by Ulyana Androsova

Recent allegations that Novartis bribed doctors in Greece serve as a reminder that the pharmaceutical industry has a high risk of bribery and corruption. We look at the reasons behind the risk, and how companies can enhance compliance risk mitigation. New markets for pharma increase bribery and corruption... Read More

Featured on the FCPA Blog: A Lesson on Risk Monitoring from Journalists
Posted on 05-22-2017 by Ulyana Androsova

Recently, the FCPA blog featured an article by one of our own—Senior Sr. Entity Due Diligence and Monitoring Specialist Karen E. Gray. Taking inspiration from the investigative journalism that followed the “breadcrumbs” to reveal corruption and even criminal behavior, Karen outlines... Read More

DOJ extends FCPA Pilot Program for self-reporting
Posted on 04-12-2017 by Ulyana Androsova

The U.S. Department of Justice (DOJ) has decided to extend its FCPA Pilot Program, designed to encourage companies to self-report evidence of bribery and corruption, until it feels able to judge the program’s effectiveness. Pilot Program encourages companies to self-report evidence of financial... Read More

Understanding the link between the Corporate Human Rights Benchmark and risk management
Posted on 04-06-2017 by Ulyana Androsova

Last month, the inaugural Corporate Human Rights Benchmark (CHRB) was launched. The Benchmark analysed 98 of the Global 500 largest publicly listed companies on their human rights performance. In this blog, we give insight into the results of the first analysis and explain why the CHRB matters. The... Read More

A Deeper Look into the 5 "P"s of Human Rights
Posted on 04-05-2017 by Anna Stevens

Two years ago, the United Nations set 17 sustainable development goals (SDGs) to “end poverty, protect the planet, and ensure prosperity for all” by 2030. This astounding effort, led by 193 countries, encourages organizations and citizens alike to take action and change the world for the... Read More