Before you say, ‘Be Mine’, be mindful of forced labor risk
Posted on 02-13-2019 by Lisa Thompson

The Valentine’s Day pressure is on. What gift will you choose to express your love to your sweetheart? Chocolate, roses and jewelry usually top the list of options—and the National Retail Federation projects that spending for Valentine's Day will top $20 billion this year. Jewelry captures... Read More

3 ways risk management technology improves productivity
Posted on 02-08-2019 by Lisa Thompson

February is Time Management month. It’s only fitting, when you think about it. After setting those lofty resolutions for 2019 in January, wrangling control of your time is a crucial component of achieving your personal AND professional goals. One of the biggest potential time-savers for risk management... Read More

Weighing risk and opportunity in Latin America
Posted on 01-16-2019 by Lisa Thompson

Despite recent Foreign Corrupt Practices Act (FCPA) enforcement actions, there are signs of more positive engagement with governance and compliance in Latin America. Emerging markets offer attractive opportunities for investors, but businesses aiming to capitalize will need to prioritize robust due diligence... Read More

How risk technology transforms trust
Posted on 01-14-2019 by Lisa Thompson

From AI to blockchain, companies are rapidly adopting new technologies which use data to drive business insights and manage risks more effectively . Our third volume of The Trust Issue explores how technology can also improve a company’s transparency and increase the trust it receives from customers... Read More

Is Your Company Doing Enough to End Human Trafficking?
Posted on 01-09-2019 by Lisa Thompson

January 11 is National Human Trafficking Awareness Day. Established in 2007 by a Senate resolution, the day shines a spotlight on the issue of trafficking men, women and children for financial gain. Many associate trafficking with sexual exploitation, however among an estimated 16 million human trafficking... Read More

Regulatory Compliance No Trivial Pursuit
Posted on 01-04-2019 by Lisa Thompson

If serious trivia seems like a contradiction, maybe you need to be more quizzical when it comes to anti-corruption compliance. January 4 is the one day of the year when there’s an excuse to be trivial—even in an area as serious as compliance in anti-bribery and corruption , anti-money laundering... Read More

How forced labor impacts the global labor market
Posted on 12-18-2018 by Lisa Thompson

Migration is a recurrent theme in human history. Whether seeking to escape violence, natural disasters or poverty, migrants express their determination for better lives through migration. On International Migrants Day, we look at a particular risk that migrants face—forced labor. The issue is more... Read More

Enter the ninja: A disciplined approach to defeat regulatory risk
Posted on 12-05-2018 by Lisa Thompson

Forget about the turtles. Today is International Ninja Day, but what we’re on about has more to do with regulatory risk than teenagers or (as far as we know) mutants. Why does International Ninja Day make us think ‘compliance program’? International Ninja Day was the brainchild of... Read More

Grocery chain bags food supply chain risk with eco-friendly option
Posted on 11-21-2018 by Lisa Thompson

Several months ago, we highlighted news that Kroger was phasing out plastic grocery bags as part of its Corporate Social Responsibility (CSR) commitment . The national grocery chain is not alone. When it comes to addressing food supply chain risk, corporate social responsibility programs are helping... Read More

Expert Q&A: How Does CSR Contribute to Corporate Value?
Posted on 11-19-2018 by Lisa Thompson

Rajita Kulkarni is the President of the World Forum for Ethics in Business (WFEB) , which promotes ethical approaches to business and corporate governance. It has organized global forums to discuss ethics in sport and ethical approaches of young people. In an exclusive interview with LexisNexis, Rajita... Read More

Scoping out supply chain risk with technology
Posted on 11-12-2018 by Lisa Thompson

Without question, companies’ global supply chains and third-party networks increase their risk exposure. Yet, according to a recently-released benchmark report , approximately one-third of organizations lack a cohesive risk mitigation process —relying instead on a manual process or traditional... Read More

Trust, transparency and technology: Our Report from Brussels’ Risk Congress
Posted on 11-06-2018 by Lisa Thompson

It was a clash of old and new. In the lobby of Brussels’ Plaza Hotel were ornate chandeliers, royal portraits and a marble staircase. In the adjacent conference room, compliance officers from across Europe were discussing how the latest trends in technology can help them meet the growing risks... Read More

Which countries are exporting bribery and corruption risk?
Posted on 10-12-2018 by Lisa Thompson

Three quarters of the world’s biggest exporting countries are failing to punish corporations that pay bribes overseas, according to a new report from the NGO Transparency International. The report shows that there are vast differences in the level of risk of bribery and corruption in different... Read More

2 Reasons why companies need to conduct risk assessments of their own compliance programs
Posted on 10-08-2018 by Lisa Thompson

As the aftermath of corporate corruption and ethics scandals continue to play out in news headlines and courtrooms, spurring a continued search for expert advice and best practices on mitigating compliance risk . So, when a former compliance expert at the U.S. Department of Justice (DOJ) and a Harvard... Read More

A new No. 1: Petrobras agrees to biggest FCPA settlement
Posted on 10-05-2018 by Lisa Thompson

Petrobras has reached a $1.78 billion settlement with the DOJ and SEC over bribes to politicians and political parties in Brazil. This is the first time an enforcement action over FCPA violations has exceeded a billion dollars. The amount is bigger than the nearest two settlements combined, and the case... Read More

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

FCPA Corporate Enforcement Policy extended to M&A
Posted on 09-17-2018 by Lisa Thompson

The U.S. Corporate Enforcement Policy, which incentivises companies to self-disclose bribery and corruption when they come across it, now applies to U.S. companies which are merging with or acquiring foreign companies. That’s according to a recent speech by a senior official at the Department of... Read More

Why the Energy Sector Needs Better Due Diligence & Risk Monitoring
Posted on 08-23-2018 by Lisa Thompson

No industry is impervious to bribery and corruption risk, but companies linked to energy industries, in particular, face elevated risks in order to reap the equally-high rewards. It’s a topic we’ve touched on in blog posts on Unaoil and Petrobras . But anti-bribery and corruption regulations... 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

Why Pharma & Biomed Companies’ Risk Analysis Processes are Due for a Check-Up
Posted on 07-18-2018 by Lisa Thompson

Just three years ago, Teva Pharmaceuticals, 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 had revealed possible violations of the Foreign Corrupt Practices Act (FCPA) and/or local laws. Ultimately... 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

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

10 CEOs Who are Winning on Reputation & Why Corporate Social Responsibility Plays a Role
Posted on 05-29-2018 by Lisa Thompson

Sundar Pichai of Google and Tatsumi Kimishima of Nintendo are among the world’s ten CEOs with the best reputations. That’s according to a new study by the Reputation Institute , which also found a “direct and strong correlation” between a CEO’s reputation and how their company... Read More

Cruise Line's Response to Reputational Risk Scuttles Viral Video
Posted on 05-25-2018 by Lisa Thompson

The Travel Industry has suffered plenty of blows in the past year, thanks to videos that go viral. But while some airlines failed to adequately address the reputational risk arising from customer footage of regrettable moments, Carnival Cruise Lines recently proved that a quick, thoughtful response to... Read More

Compliance Q&A: ISO 37001 Expert shares insights into boosting the effectiveness of anti-bribery and corruption efforts
Posted on 05-10-2018 by Lisa Thompson

Jean-Pierre Mean is an anti-corruption lawyer who played a leading role in the development of ISO 37001, a recent global standard by which companies can measure their anti-bribery and corruption policies. He is now leading the working group which looks after the implementation of the standard. Mr. Mean... Read More