Fraud, Bribery & Corruption

Research shows that when employees are empowered to report misconduct, incidents are identified more quickly, allowing organizations to resolve issues faster with less damage and expense. Learn how active whistleblower hotline and reporting mechanisms correlate with higher rates of misconduct detection and reduced overall cost to the organization.

In advance of World Whistleblower Day on June 23, we examine the growing importance and goals of whistleblower protection laws – and the critical role a strong speak-up culture plays in achieving them.

Congress gave compliance professionals quite the gift on New Year’s Day: a new whistleblower awards program that will allow compliance officers an easier path to seek awards, regardless of whether you raise those misconduct concerns internally. Here’s what compliance needs to know.

Since January of 2020, the SEC has awarded $328 million through its whistleblower program. But what prompted this recent flurry of action – and what does it mean for compliance professionals?

Regulatory guidance isn’t always direct and specific. It’s often left to interpretation. That’s the case with two August regulatory reports related to the CDD Rule and the issue of high-risk customers, especially politically exposed persons (PEPs).

Here’s a framework to address and mitigate risk during return-to-work planning, amid increased disruption from the pandemic. Most R&C professionals are concerned with risks that roll up to three main categories: managing a remote workforce, COVID-specific risks, and risk related to employee conduct.

COVID-19 is putting an old issue — fraud — into a stark new spotlight.  With close communication and teamwork now more difficult, risks previously mitigated by trust and teamwork now must be managed by policy and stronger internal control. Companies will need to give this risk careful attention and develop a new, multi-pronged approach to reducing it.

What if Conflict of Interest collection and mitigation reporting comprised just one component of a larger compliance management database? It can. Twenty-first century COI disclosure software can and should be capable of delivering on this wish list and more.

On May 1, 2019, the world of sanctions compliance was upended when OFAC’s Framework for Compliance Commitments made it clear that compliance will no longer be measured in steps taken but in results achieved. Discover the steps your organization should take to align with these new expectations.

More than 90 percent of FCPA enforcement actions over the past 40 years can be linked back to a third party’s misconduct. Proper third party risk management starts with properly identifying and classifying each of your business partners that comprise your supply chain. Learn how proper classification of your third parties will help you perform the proper due diligence on the anti-corruption risks inherent to each relationship.