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

What You Need to Know about DOJ Guidance on Corporate Compliance Programs
Posted on 03-22-2017 by Ulyana Androsova

Many have wondered how the corporate compliance landscape might change with a new administration at 1600 Pennsylvania Avenue. After all, reducing regulation on Corporate America was a frequent talking point on the campaign trail. But the first Guidance issued by Attorney General Jeff Sessions and the... Read More

Exposed to AML Risk: The Importance of PEP Monitoring to Comply with Bill C-31
Posted on 03-15-2017 by Ulyana Androsova

When Bill C-31 to amend Canada’s Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) goes into effect on June 17, 2017, regulated entities will likely embrace some aspects, such as the amendment to the definition of “signature card” to include electronic signatures—a... Read More

Four Lessons From ZTE’s Sanctions Fine
Posted on 03-10-2017 by Ulyana Androsova

Chinese technology company ZTE is set to pay up to $1.2 billion for violating US laws against selling American technology to Iran. This is the largest criminal fine in a US sanctions case. Fined for activity in Iran and North Korea An investigation by the Department of Justice, the Commerce Department... Read More

International Women’s Day: #BeBoldForChange and Modern Slavery
Posted on 03-08-2017 by Anna Stevens

Today is International Women's Day, a global day celebrating the social, economic, cultural and political achievements of women. It also marks a call to action for accelerating gender parity. Visit for more information. This day is a good moment to shine a light... Read More

Compliance Tips for Balancing the Risks & Rewards of the Cloud
Posted on 03-01-2017 by Ulyana Androsova

While many companies have embraced cloud computing—to deliver enterprise-wide software-as-a-service (SAAS) or to back-up and store critical data—highly-regulated industries tend to keep their feet on the ground—or at least in the private cloud. Why are financial services, healthcare... Read More

Rise in Donations Raises Universities’ Exposure to Risk
Posted on 03-01-2017 by Kari Abitbol

The amount of money donated to universities in the United States by individuals, companies and organisations increased last year, according to a new report from the Council for Aid to Education. As universities accept increasingly large gifts, they must make sure they know where the money is coming from... Read More

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

Transparency International’s 2016 Corruption Perceptions Index released
Posted on 02-01-2017 by Ulyana Androsova

Transparency International has released its 2016 Corruption Perceptions Index (CPI). The CPI ranks 176 countries and territories on how corrupt their public sector is perceived to be. The index aggregates a number of different sources, including the views of business people and country experts. Global... Read More

2016 FCPA Enforcement Actions Demonstrate Global Reach
Posted on 01-19-2017 by Ulyana Androsova

Israel, Brazil, United States, Netherlands—companies headquartered in each of these countries settled U.S. Foreign Corrupt Practices Act (FCPA) enforcement actions in 2016 . They weren’t alone; 23 other companies in countries around the world faced similar actions, driving the amounts paid... Read More

Strong risk of modern slavery in construction industry
Posted on 01-12-2017 by Ulyana Androsova

There is a "strong risk" of modern slavery in the global construction sector and its material supply chains, according to a recent LexisNexis report . The report found that forced labor and other exploitation that constitutes modern slavery are common, concealed and subject to inadequate prevention... Read More

3 Christmas presents that could be tainted by modern slavery
Posted on 12-20-2016 by

Consumers’ purchasing behavior is increasingly influenced by businesses’ ethical behavior. Since this season of celebration and festivities and goes hand in hand with consumption, it is a good moment to look into some of the products that are at risk of being produced by people in modern... Read More

Reviewing compliance trends in 2016
Posted on 12-15-2016 by Ulyana Androsova

With 2016 drawing to a close, we review the main developments in financial crime over the last year. Beneficial ownership making headlines Beneficial ownership was arguably the most talked-about issue in financial crime in 2016. This was partly because of the release of the Panama Papers in April... Read More

17th International Anti-Corruption Conference highlights media’s role in fighting corruption
Posted on 12-13-2016 by Ulyana Androsova

The role of the media in exposing corruption was celebrated at the 17th International Anti-Corruption Conference in Panama earlier this month. The conference, which takes place every two years, aims to bring together “the entire spectrum of stakeholders” involved in global combating corruption... Read More

Compliance risks during the Holiday Season
Posted on 12-05-2016 by Ulyana Androsova

The holidays may be the season of goodwill, but companies must beware that it also brings a heightened risk of financial crime. These risks include bribery to secure more sales in the busy Holiday period, bribery masked as hospitality, and unethical sourcing of goods. Retail frenzy The holiday... Read More

Here’s Why Your Due Diligence Needs to Encompass Forced Labor Risk
Posted on 11-14-2016 by Ulyana Androsova

Earlier this year, the BBC reported on the use of forced labor on construction projects as Qatar prepares to host the biggest soccer matches of 2022. Citing Amnesty International ‘s interviews with more than 200 migrant workers employed in and around the future stadium, the BBC noted that abuses... Read More

Four Reasons to Embrace Anti-Bribery & Corruption Compliance Certification
Posted on 11-03-2016 by Ulyana Androsova

On October 14, the International Standards Organization published a new standard that companies and organizations can use to certify their anti-bribery and corruption compliance procedures. Companies can meet the ISO 37001 standard if they implement a series of requirements to demonstrate their efforts... Read More

Anti-Slavery Day 2016: Your Due Diligence Efforts Can Make a Difference
Posted on 10-18-2016 by Ulyana Androsova

Around the globe, countries have declared October 18 Anti-Trafficking Day or Anti-Slavery Day to increase awareness into the ongoing plight of men, women and children impacted by modern slavery. As such, it is an ideal day to look at how companies can—and in some cases, are required to—mitigate... Read More

3 Industries that Aren’t Immune to Compliance Risk
Posted on 10-17-2016 by Ulyana Androsova

Gary Cohn, president and COO of Goldman Sachs, knows a thing or two about regulatory risk. After all, the financial services industry faces constant scrutiny—and headline-generating enforcement actions—for violations of anti-money laundering, anti-bribery and corruption and a host of other... Read More

Latest G20 Action Plan Aims for Transparency to Mitigate Corruption Risk
Posted on 09-21-2016 by Ulyana Androsova

Corruption was one of the main items on the agenda of the G20’s annual meeting, which took place in Hangzhou, China earlier this month. At the meeting of the 20 major global economies, an Anti-Corruption Action Plan for 2017/18 was agreed. New action plans have been introduced every two years since... Read More

Panama Papers Inspire Risk Mitigation Efforts
Posted on 09-15-2016 by Ulyana Androsova

October 3rd will mark six months since the release of the Panama Papers, a trove of 11.5 million documents from the Panama-based law firm Mossack Fonseca. The leak highlights how complex corporate structures, often set up in ‘offshore’ jurisdictions such as Panama, can be used to hide the... Read More

Defeating Modern Slavery Takes a Coordinated Effort
Posted on 09-01-2016 by Ulyana Androsova

With Labor Day just around the corner, we took a look at the dark side—forced labor. Three years ago, the UN General Assembly introduced World Day against Trafficking in Persons in conjunction with its Global Plan of Action to Combat Trafficking in Persons. The plan urges governments worldwide... Read More

How to Keep Up with Risk Monitoring in a Media-Rich World
Posted on 08-19-2016 by Ulyana Androsova

When you head home after a full day of analyzing search engine alerts, do you feel like you’ve effectively corralled potential risks or spent a frustrating day herding cats? The right tools and content sources can make all the difference—not just in your stress level at the end of the day... Read More