Can companies use ISO 37001 to help eradicate poverty?
Posted on 10-17-2018 by Lisa Thompson

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... 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

Compliance risk in the UK: what companies need to know
Posted on 08-29-2018 by Lisa Thompson

The global compliance landscape is becoming ever more complex, and some of the most significant recent developments in ABC and AML legislation have happened in the UK. All companies who operate in the UK need to be aware of these laws, as well as growing consumer expectations of ethical behavior, if... 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

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

Latest G20 Action Plan Aims for Transparency to Mitigate Corruption Risk
Posted on 09-21-2016 by Ulyana Androsova

Corruption was one of the main items on the agenda of the G20’s annual meeting, which took place in Hangzhou, China earlier this month. At the meeting of the 20 major global economies, an Anti-Corruption Action Plan for 2017/18 was agreed. New action plans have been introduced every two years since... Read More

Panama Papers Inspire Risk Mitigation Efforts
Posted on 09-15-2016 by Ulyana Androsova

October 3rd will mark six months since the release of the Panama Papers, a trove of 11.5 million documents from the Panama-based law firm Mossack Fonseca. The leak highlights how complex corporate structures, often set up in ‘offshore’ jurisdictions such as Panama, can be used to hide the... Read More

How Will Brexit Impact the UK’s Approach to Tackling Financial Crime?
Posted on 06-24-2016 by Ulyana Androsova

The UK is to leave the European Union, after 51.9% of voters backed a Brexit in yesterday’s vote (23 June). Prime Minister David Cameron has already announced that he will hand over leadership by October. Leaders in every sector are now being forced to consider how this will affect their respective... Read More

Turning Anti-bribery and Corruption Compliance into a Win
Posted on 06-15-2016 by Mark Dunn

Experience tells us that the news stories that earn the biggest headlines and top-of-the-hour broadcast coverage generally focus on the negative when it comes to anti-bribery and corruption compliance. The off-shore law firm that helps clients shield their money or less-than-above-board transactions... Read More

Beneficial Ownership: Lessons from the Recent Mossack Fonseca Leak
Posted on 06-08-2016 by Mark Dunn

The leak of 11.5 million documents from Panama-based law firm Mossack Fonseca has focused unprecedented attention on the use of tax havens and trails of secret companies to conceal the beneficiaries of undeclared and illegally obtained money. It emphasizes the challenge corporate due-diligence teams... Read More

Panama Papers Shine Light on Corruption Risk
Posted on 04-11-2016 by Ulyana Androsova

As we noted on the blog last week, the leak of more than 11.5 million files from offshore law firm Mossack Fonesca revealed a laundry list of compliance breaches—from tax dodges and money laundering to sheltering the assets of individuals and countries on sanctions lists. How do you mitigate risk... Read More

Panama Papers Leak Reveals Hidden World of Elite Beneficial Ownership
Posted on 04-07-2016 by Ulyana Androsova

It has been described as the biggest leak in history. More than 11.5 million files from the database of the world’s fourth largest offshore law firm—Mossack Fonesca—were obtained by Süddeutsche Zeitung and the International Consortium of Investigative Journalists (ICIJ) this week... Read More