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  • Blog Post: Why the Energy Sector Needs Better Due Diligence & Risk Monitoring

    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...
  • Blog Post: FCPA Corporate Enforcement Policy extended to M&A

    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...
  • Blog Post: PEP-Talk: A Guide to Managing Risk from Politically Exposed Persons

    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...
  • Blog Post: 3 Reasons to Combine Due Diligence & Risk Monitoring

    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...
  • Blog Post: Failing to address sanctions risk leads to costly fine for one French bank

    French bank Société Générale expects to pay penalties of nearly $1.3 billion to settle allegations of breaching U.S.sanctions. It made dollar transfers on behalf of entities based in countries which were subject to U.S.sanctions. The fine is just the latest evidence of the...
  • Blog Post: 2 Reasons why companies need to conduct risk assessments of their own compliance programs

    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...
  • Blog Post: Can companies use ISO 37001 to help eradicate poverty?

    Twenty-five years ago, the United Nations General Assembly declared October 17th International Day for the Eradication of Poverty . In marking the anniversary, the UN has stated that … “all people must come together to end poverty and discrimination in order to build a sustainable future...
  • Blog Post: Trust, transparency and technology: Our Report from Brussels’ Risk Congress

    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...
  • Blog Post: Is forced labor & income inequality in your grocery cart?

    How long would it take a woman processing shrimp in a typical Indonesia or Thai facility to earn what a CEO of a major grocer takes home in one year’s salary? 4,000 years. It’s just one of the disturbing statistics shared by Oxfam’s #BehindTheBarcode campaign to raise awareness into...
  • Blog Post: Grocery chain bags food supply chain risk with eco-friendly option

    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...
  • Blog Post: Is the Defense Industry armed to beat corruption risk?

    Corruption is a significant problem—no matter what sector it originates in. But a recent report from corruption watchdog Transparency International takes aim at one industry in particular: Defense. The report notes, “While it may be true that much has changed over the last two or three decades...
  • Blog Post: Enter the ninja: A disciplined approach to defeat regulatory risk

    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...
  • Blog Post: The Foreign Corrupt Practices Act—2018 review

    2018 has been a record year of penalties issued for breaches of the Foreign Corrupt Practices Act (FCPA). Settlements totaling more than $2.96 billion were agreed by corporations found to be in breach of the Act. The year saw further indications of the FCPA’s global reach, witnessed the first judgments...
  • Blog Post: Regulatory Compliance No Trivial Pursuit

    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...
  • Blog Post: How risk technology transforms trust

    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...
  • Blog Post: Weighing risk and opportunity in Latin America

    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...
  • Blog Post: Do you need to conduct a data privacy risk assessment?

    March 15 is World Consumer Rights Day , and this year’s theme is ‘Trust in Smart Devices.’ Innumerable devices populate the digital landscape—from wristbands that track every step taken to smartphones that instantly connect users with family, friends and brands. And with every...
  • Blog Post: What global anti-corruption compliance trends are on the OECD's radar?

    This year is the 20th anniversary of the implementation of the OECD’s Anti-Bribery Convention. So, we went to Paris to meet Patrick Moulette, Head of the OECD Anti-Corruption Division. He explained that the global spread of negotiated settlements, particularly Deferred Prosecution Agreements, prompted...
  • Blog Post: Operation Varsity Blues Makes the Case for ISO 37001 Adoption

    Is anyone really surprised by the college admissions bribery scandal? Sure, it’s nice to think that academia is a bastion for the best and the brightest. But there’s a longstanding tradition where the family name—and perhaps an endowment—greases the wheels for less academically...
  • Blog Post: Frontline compliance requires expert juggling

    There’s no room for clowning about when it comes to risk management and maintaining the integrity of international business. According to records of ancient Chinese history, the armies of the Chu and Song states were facing each other in readiness for battle in 630 BC when a Chu warrior, Xiong...
  • Blog Post: Industry experts on the need for ongoing risk monitoring

    Turbulence appears to be the new normal in today’s global risk landscape. Political turmoil, changing regulations, disruptive weather events, financial instability and a variety of other factors can disrupt supply chains or involve companies in legal actions that result in devastating financial...
  • Blog Post: Compliance beyond the corporate perimeter: Department of Justice guidance on evaluating compliance program effectiveness emphasises third-party due diligence

    Is your corporate compliance program up to scratch? That question will be top of mind for global organizations as they analyze recent guidance from the U.S. Department of Justice (DOJ) on evaluating the effectiveness of compliance programs. The detailed guidance explains the features of robust compliance...
  • Blog Post: Expert Q&A: Dechert’s Caroline Black on the Changing Landscape of Anti-bribery and Corruption Compliance

    Caroline Black is a partner in the white-collar crime team at the London-based law firm Dechert LLP. She has worked on several large multi-jurisdictional anti-corruption and bribery cases and advised major companies on putting in place adequate compliance and due diligence procedures. Speaking to LexisNexis...
  • Blog Post: 3 reasons to add ongoing monitoring to address third-party risk

    How confident are you that a supplier you vetted two years ago hasn’t seen a change in financial stability that might lead to supply chain disruption? Or that a reseller isn’t putting you in danger of an FCPA violation? Or that a disgruntled customer’s online tweet hasn’t been...
  • Blog Post: Bringing artificial intelligence into the risk management process

    Are your financial risk management decisions informed by artificial intelligence? Increasingly, organizations face significant challenges when it comes to managing risk, but AI can help. What do you need to know? We tackled that topic recently when we teamed up with Gary Moore, Ally Bank’s Director...