3 Reasons to Combine Due Diligence & Risk Monitoring
Posted on 10-03-2018 by Lisa Thompson

Companies are exposed to regulatory, financial, reputational and strategic risks, and the number of countries and NGOs with compliance expectations is on the rise. The best way to proactively manage these expectations? Risk-based due diligence and ongoing monitoring. 1—Regulatory risks... Read More

PEP-Talk: A Guide to Managing Risk from Politically Exposed Persons
Posted on 09-24-2018 by Lisa Thompson

Politically Exposed Persons (PEPs) can be among a bank’s riskiest customers. Their public positions and ability to divert funds make them prime targets for bribery and corruption. But the financial services industry doesn’t face the risk alone. Our new “PEP-Talk” eBook outlines... Read More

Danske Bank and Siemens invite ABC compliance in the boardroom
Posted on 08-16-2018 by Lisa Thompson

Danske Bank and Siemens have appointed chief compliance officers to their boards of directors this summer. We explore why compliance has become accepted as a critical function in any company. At the next board meeting of Denmark’s biggest bank, a chief compliance officer will be at... Read More

FCPA Hangover: Whiskey Maker's $8M Settlement Puts Food & Drink Industry on Notice
Posted on 07-13-2018 by Lisa Thompson

The makers of Jim Beam whisky have paid $8 million to settle allegations of bribing government officials to enter the Indian market. The settlement is a timely reminder of the continued threat of FCPA enforcement action , and the particular risks posed by third parties in the food and drink industry... Read More

Cracks in Food Safety Programs Lead to ‘Eggstraordinary’ Recall
Posted on 06-13-2018 by Lisa Thompson

Two-hundred and seven million eggs were recalled on April 13th of this year—the largest such recall in the U.S. in nearly 10 years. By May, another 12 people from 9 states had fallen ill from the tainted eggs, bringing the total to 35 with 11 individuals requiring hospitalization. Major supermarket... Read More

What can companies do to manage bribery and corruption risk better?
Posted on 06-12-2018 by Lisa Thompson

Kathryn Higgs is Director of Transparency International’s Business Integrity Program. Prior to that she was head of ethics and compliance at Tesco and chief compliance officer at Balfour Beatty. In an exclusive interview with LexisNexis, she says that technology has increased the risk of bribery... Read More

CONSTRUCTing a new approach to CSR
Posted on 04-06-2018 by Lisa Thompson

Environmental and social issues driving change in the construction industry Guest Post by Colleen Theron, Director Ardea Since Russia and Qatar won their bids to host the FIFA World Cups in 2018 and 2022 respectively, the construction industry has come under the spotlight for their human rights... Read More

Unlocking Beneficial Ownership a Key Concern in New ABC Benchmarking Report
Posted on 03-29-2018 by Lisa Thompson

Rising concern about opaque and suspect third-party corporate ownership structures is a notable finding in the Kroll / Ethisphere 2018 Anti-Bribery and Corruption Benchmarking Report. When senior executives working in ethics, compliance or anti-corruption were asked to rank the reasons that potential... Read More

Coping with compliance risk in MiFID II’s climate of change
Posted on 01-08-2018 by Ulyana Androsova

A few days into MiFID II and the financial services industry in Europe—and by extension, the rest of the world—has started dealing with a daily storm of activity related to reforms that are as all-pervasive and in many ways as indistinct as climate change. How can access to timely news, legal... 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

Compliance in 2017: What to Expect
Posted on 01-09-2017 by Ulyana Androsova

At the start of 2017, we look at key trends and developments in regulatory compliance this year. Beneficial ownership Beneficial ownership will remain a major issue in corporate transparency in 2017. Countries will face increasing pressure from intergovernmental bodies to improve the availability... 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

Enhanced Due Diligence: Your Prescription for Mitigating Risk in Pharma Supply Chain
Posted on 07-29-2015 by Ulyana Androsova

Faced with increasing globalization and supply chain complexity, pharmaceutical companies have the daunting task of managing risks—ranging from counterfeiting to piracy—that could potentially threaten patient safety. What’s more, the pharmaceutical industry is not immune to the impact... Read More

Fashioning a Compliant Supply Chain
Posted on 06-18-2015 by Ulyana Androsova

Earlier this year, the Canadian Fair Trade Network (CFTN) and ReThink Communications launched a campaign designed to increase awareness of sweatshop issues in the apparel and textile industries. Called “The Label Doesn’t Tell the Whole Story,” campaign, it highlights the plights of... 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

Managing Supplier Risk: Why Sanctions Regimes Should Be On Your Radar
Posted on 04-14-2015 by Ulyana Androsova

Last week, Mark Dunn, the due diligence segment leader for Risk and Compliance at LexisNexis, offered his insights during an ISM Webinar entitled “Mitigating Risks and Impact of Sanctions Regimes on Your Supply Chain.” It’s a growing area of concern, but as Kelly Barner noted in the... 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