beneficial ownership

Identifying and Verifying Ultimate Beneficial Owners

Posted by - April 19, 2018
Getting the Full Picture, Fast Comprehensively identifying and verifying corporate hierarchies and ultimate beneficial owners (UBOs) has become increasingly important since the implementation of 4MLD and MLR2017. However, achieving this view is time-consuming, and most organisations struggle to uncover the full picture. In this article, Paul Charmatz, Managing Director at encompass…
façade outside Odebrecht building in Sao Paulo

10 Lessons from Operation Car Wash

Posted by - April 3, 2018
The State of Corruption Risk in Latin America The biggest-ever corruption and bribery investigation in Latin America has seen scores of business leaders and politicians end up in prison. So riveting is the story that it’s now been dramatized into a series and streamed on Netflix. Andy Webb-Vidal explains the…
person accepting bribe in a handshake

A Small Change for Asia-Pacific

Posted by - March 27, 2018
Little Movement in Latest Transparency International Rankings Transparency International published its 2017 Corruption Perceptions Index (CPI) on February 21, 2018, showing modest improvements for most countries in Asia-Pacific. Some higher-risk countries, however, continue their downward slide in the overall rankings. We’ve included the Asia Pacific countries below and the full…
concept of the world at war

Are We Winning the Battle Against Bribery and Corruption?

Posted by - February 8, 2018
with co-authors Paul Nash and Arturo del Castillo A Region-by-Region Analysis Organizations around the world are increasingly facing a diverse range of fraud-, cyber- and security-related challenges across a variety of sectors. The 10th edition of the Kroll Global Fraud & Risk Report (The Kroll Report) found that as compliance professionals…
businessman in handcuffs

The FCPA Week That Was — Seven Individuals Charged for FCPA Violations

Posted by - November 29, 2017
To all the “nattering nabobs of negativity” concerning FCPA enforcement, the US Justice Department responded with a resounding message – not only is FCPA enforcement here to stay, but individual violators are on DOJ’s radar screen. In an FCPA enforcement week like no other, the Justice Department unveiled a total…
The importance of automating compliance reporting

Reducing Risk Through Compliance Automation (Not to Mention CYA)

Posted by - October 5, 2016
Landmines are everywhere in the compliance industry. And the fact is, many are linked to simple human fallibility. But what if you can take some of the human factor out of your reporting processes? This article discusses some of the ways automation can reduce compliance risk and offers tips for…
Tips to reduce waste and fraud in travel and expense management

6 Vulnerabilities in Travel Expense Management

Posted by - October 3, 2016
Monitoring and auditing travel and expense reports is no walk in the park, particularly at large organizations. The experts at Oversight Systems, which examines trillions of dollars of expense transactions annually, has identified some trends and vulnerabilities. Oversight’s Nathanael L’Heureux addresses some of the most common vulnerabilities in T&E management.
AI has the potential to improve productivity, cost, compliance and risk mitigation

Artificial Intelligence – The New Superpower for Compliance

Posted by - August 31, 2016
Compliance is an afterthought for many organizational procedures and processes. In most cases, audit teams periodically review transactions after the fact to check for compliance. But artificial intelligence technologies enable active compliance that is both highly effective and embedded within the core business processes so as to eliminate the sacrifices…
The key to an effective audit program

Effective Audit Programs Consider Objectives First

Posted by - August 8, 2016
Creating an audit and assurance program is relatively simple. Creating an effective audit and assurance program, however, requires a tailored approach that focuses on four key objectives. These programs are faster, more efficient and more effective in mitigating risk. Rosemary Amato explains how to take your program from perfunctory to…

Key Lessons Emerge from ISACA’s IT Audit Forum in New Orleans

Posted by - May 3, 2016
Forum offered guidance on navigating evolving IT audit landscape New Orleans, LA (May 3, 2016)—Leading authorities on IT audit offered solutions to several of the industry’s most critical challenges at Monday’s IT Audit Director Forum. The forum was part of global IT association ISACA’s North America CACS Conference, which concludes Wednesday in New Orleans. The…

4 Ways Boards Can Strengthen Cybersecurity

Posted by - November 4, 2015
Although well aware of the threat posed by hackers and organized cybercriminals, an alarming number of Boards are not actively challenging management’s cybersecurity efforts. Often, Board members simply don’t know how to proceed. However, there are concrete actions that Directors can take immediately to carry out their governance duties and…

Solve Your Audit and Compliance Woes with IAM

Posted by - October 13, 2015
As important as audit compliance is to the overall health of an organization, satisfying audit requirements can be an overwhelming challenge, requiring a great deal of time and effort. Particularly to emerge unscathed. There are ways, though, to make the audit process much easier. Some automation may be exactly what…