2 in 3 countries have “high corruption burden”: Transparency International
Posted on 02-22-2018 by Lisa Thompson

The world’s most corrupt countries have been revealed in Transparency International’s 2017 Corruption Perceptions Index. The big movers in this year’s index are the UK, whose score has improved by eight points since 2012, and Australia, whose score has fallen by eight. Usual... 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

New EU regulation calls for improved mineral supply chain due diligence
Posted on 05-10-2017 by Ulyana Androsova

After three years of negotiations, the European Parliament—and subsequently the EU’s Council—approved a new regulation requiring importers of certain minerals from conflict-affected countries to meet supply chain due diligence requirements. While full enforcement is not required until... 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

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

Panama Papers Put FIFA In the Spotlight for Bribery and Corruption Risk
Posted on 04-20-2016 by Ulyana Androsova

Remember when Michael Corleone said, “Just when I thought I was out, they pull me back in,” in The Godfather Part III? Executives at FIFA and UEFA can probably relate to his frustration after the recent Panama Papers leak put the spotlight of the media and possibly enforcement agencies back... Read More

Avoid Risk Knowledge Gap with Better Due Diligence
Posted on 04-14-2016 by Ulyana Androsova

We’ve all seen what happens when due-diligence efforts fall short. In addition to tainting a company’s reputation, the bad actions of a third-party can lead to criminal investigations, hobbled business operations and hefty fines that impact a company for years. Wish you could see risk warning... Read More

Compliance Risk: Not Just a Concern for Companies
Posted on 04-03-2016 by Ulyana Androsova

According to the Congressional Research Service , the Department of Defense spent $285 billion on federal contracts in 2014—more than all other U.S. government agencies combined. With so much money at stake, bribery and corruption risks soar, and the on-going investigation and prosecutions related... Read More

Managing Compliance Risk as U.S. Relations with Cuba Evolve
Posted on 03-23-2016 by Ulyana Androsova

Earlier this week, President Obama became the first sitting American president to visit Cuba since Calvin Coolidge. When Air Force One landed in Havana, Obama tweeted , “¿Que bolá Cuba? Just touched down here, looking forward to meeting and hearing directly from the Cuban people.... Read More

Bribery and Corruption Risk Increases for 2016
Posted on 03-17-2016 by Ulyana Androsova

For the last five years, Ethisphere and Kroll have teamed up to conduct an annual survey of compliance professionals across the globe to understand the key anti-bribery and corruption (ABC) trends that impact companies. As this year’s title suggests global expansion and enforcement of ABC regulations... Read More

12 Million Reasons to Make Due Diligence a Priority
Posted on 08-28-2015 by Ulyana Androsova

Infant formula marketing—just writing those words triggers a mental picture of ads full of cheerful, chubby-cheeked babies. Unfortunately for Mead Johnson Nutrition Company, some third-party distributors promoting the formula took a different approach, landing the company in hot water with the... Read More

Does Your Due Diligence Process Need a Check-Up?
Posted on 07-21-2015 by Ulyana Androsova

Earlier this year, Teva, a drug-maker in Israel, disclosed to both the U.S. Securities & Exchange Commission and the U.S. Department of Justice that an on-going internal probe has revealed possible violations of the Foreign Corrupt Practices Act (FCPA) and/or local laws. It’s not an admission... Read More