ISO 37001-- a new standard for anti-bribery management systems -- slated to be published in late 2016, is expected to be more detailed and internationally recognized than similar guidance published to date.
Entries in Red Flags (36)
In a speech this week to compliance professionals at the European Compliance and Ethics Institute in Prague, the general counsel of the UK Serious Fraud Office talked about attorney-client privilege in connection with SFO corruption investigations.
The UK Financial Conduct Authority fined Barclays Bank £72 million ($108 million) Thursday for rushing to serve rich politically exposed persons and keeping their deal secret.
In-house counsel, compliance officers and the external counsel who support them are trained to be risk averse when it comes to anti-corruption and other types of compliance, and with good reason.
The concept of corporate culture -- generally defined as "the way we do things around here" -- isn't a rigid paper process. It's hard to measure, which explains why corporate culture has been largely neglected by regulators and the anti-corruption-consulting industry.
The global demonstrations that gathered under the banner “Je Suis Charlie” had special meaning for us at the University of Miami as we offered the second iteration of our undergraduate Compliance Boot Camp.
At oral argument Thursday in the Delaware Supreme Court, where Walmart is appealing a lower court order to produce internal FCPA investigation files to shareholders, one remarkable exchange indicated that the idea of revising the Caremark standards, which I talked about in my prior post, was squarely on the minds of the justices.
The Financial Crimes Enforcement Network penalized a money services business and its owner for anti-money laundering program failures and violations of the reporting and recordkeeping requirements of the Bank Secrecy Act.
This post is the first in a series of three on the topic of conflict minerals. The first examines the origins of the reporting requirement, and the following two will explore what constitutes sufficient due diligence when conducting an investigation of a company and its supply chain.
Section 1502 of the Dodd-Frank Act of 2010 requires companies using conflict minerals in their products to disclose the source of such minerals, hoping to dissuade companies from continuing to engage in trade that supports these human rights abuses.
A new survey of general counsels and compliance officers found that 30% of companies in North America, Europe, and Asia stopped doing business with a partner because of corruption risks.
After 25 years of investigating instances of fraud and corruption, I am still amazed that otherwise law-abiding citizens will engage in fraudulent behavior. It also perplexes me that organizations place an extremely high weighting on the honesty of management and staff as a key fraud and corruption risk-mitigation tool.