Robots for Risk Management? Here's what you need to know.
Posted on 01-24-2020 by Lisa Thompson

Robotic Process Automation (RPA) investment and adoption is gaining ground globally. According to Statista , 2019 saw investment climb to 49 percent and adoption to 24 percent by large organisations, with medium and smaller businesses lagging well behind. One area of business seeing a jump in investment... Read More

Bringing artificial intelligence into the risk management process
Posted on 10-16-2019 by Lisa Thompson

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... Read More

3 reasons to add ongoing monitoring to address third-party risk
Posted on 09-20-2019 by Lisa Thompson

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... Read More

Expert Q&A: Dechert’s Caroline Black on the Changing Landscape of Anti-bribery and Corruption Compliance
Posted on 09-17-2019 by Lisa Thompson

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... Read More

How mining became a global CSR Achilles' heel
Posted on 08-27-2019 by Lisa Thompson

Our globalized society relies heavily on highspeed communication, made possible by the continuous innovation in the global electronic industry. Everyday electronics like smartphones, tablets and laptops, along with the rapidly growing market for Internet of Things (IoT) technology, require a vast amount... Read More

Industry experts on the need for ongoing risk monitoring
Posted on 06-19-2019 by Lisa Thompson

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... Read More

What do Artificial Intelligence & Sustainability Have in Common?
Posted on 06-17-2019 by Lisa Thompson

During the 2019 Global Education and Skills Forum in Dubai, we caught up with Andrew Wales, Chief Digital Impact and Sustainability Officer at BT . Our latest Expert Q&A explores employers’ growing need for skills in technologies like AI, and why sustainability should be a core part of a company’s... Read More

Frontline compliance requires expert juggling
Posted on 04-18-2019 by Lisa Thompson

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... Read More

1.1 Billion Reasons Companies Need a Robust FCPA Compliance Process
Posted on 04-17-2019 by Lisa Thompson

There were only three FCPA enforcement actions in the first quarter of 2019, but the small number obscures a bigger threat to corporate bottom lines—fines totalling $1.1 billion. This figure eclipses the total settlements in Q1 2018—also for three corporate enforcement actions—of a... Read More

Operation Varsity Blues Makes the Case for ISO 37001 Adoption
Posted on 04-12-2019 by Lisa Thompson

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... Read More

What global anti-corruption compliance trends are on the OECD's radar?
Posted on 04-09-2019 by Lisa Thompson

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... Read More

Hearty risk management yields healthy dividends
Posted on 04-05-2019 by Lisa Thompson

Most risk management professionals know the adage, “An ounce of prevention is worth a pound of cure.” But in the digital age, you need more than an ounce of prevention when it comes to mitigating regulatory and reputational risk . It’s a lesson learned the hard way by one of the largest... Read More

Bribery Scheme Costs Telecom Company $850 Million
Posted on 04-04-2019 by Lisa Thompson

The telecommunications sector has taken some hits in recent years when it comes to anti-bribery and corruption compliance . Earlier this month, the U.S. Department of Justice (DOJ) and Securities and Exchange Commission (SEC) announced a settlement related to FCPA violations by Russia’s largest... Read More

Why Universities & Foundations Need Stronger Risk Management Processes
Posted on 04-02-2019 by Lisa Thompson

Is it time for universities—and the foundations that fundraise on their behalf—to adopt the rigorous due diligence and risk monitoring processes that global companies use? Based on the latest bribes-for-admission scandal to hit the headlines, the answer is a resounding, “YES!”... Read More

Do you need to conduct a data privacy risk assessment?
Posted on 03-13-2019 by Lisa Thompson

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... Read More

How corruption contributes to the crisis of democracy worldwide
Posted on 02-20-2019 by Lisa Thompson

Transparency International’s just-published annual Corruption Perceptions Index (CPI) reveals the world’s most corrupt countries in 2018. Introduced in 1995, the CPI currently ranks 180 countries and territories worldwide by their perceived levels of public sector corruption with the support... Read More

Investors increasingly favor companies committed to sustainable development goals
Posted on 01-23-2019 by Lisa Thompson

Global foreign direct investment is shrinking rapidly—that’s the finding of the Global Investment Trend Monitor, which was released on Tuesday at the World Economic Forum (WEF) in Davos. At the launch, governmental actors and leaders in business and investment agreed that investors are attracted... Read More

Corporate Social Responsibility and Compliance to Join Top Table at Davos
Posted on 01-22-2019 by Lisa Thompson

The World Economic Forum (WEF) brings together leaders of government and business in the Alpine town of Davos in Switzerland this week. They are discussing the latest trends in business and society. The participant list is revealing—this year, some of the world’s biggest companies have sent... 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

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

Tackling corruption risk to improve human rights
Posted on 12-06-2018 by Lisa Thompson

2018 marks the anniversary of a multitude of different political as well as social turning points in human history. While the festivities commemorating the end of World War I were widely broadcasted and spoken about, two anniversaries often fall short of the public's attention: The 70th anniversary... 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

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