The SEC likes to reorganize, refocus and re-energize. In the last 10 years, it has continued to reinvent itself. Whether or not it has been effective is still up for questioning.
Technology developments in many business areas will have strong impacts on important aspects of risk and compliance management in 2014.
If you’re a healthcare scofflaw – or just a little lax on the billing and reimbursement details in your medical practice – times are tough. And they’re getting tougher.
According to the Association of Certified Fraud Examiners, fraudulent use of purchase cards, or p-cards, is one of the most commonly occurring types of employee fraud, and a 2013 survey reveals that risk related to internal fraud and abuse is an area of highest concern.
I cannot think of any criminal enforcement actions against a corporation involving the Foreign Corrupt Practices Act (FCPA) where there was a lone wolf employee engaging in bribery and corruption on his or her own.
Most companies have experienced (or will experience) significant financial damage in their lifetime due to an unforeseen risk event. Companies that fail to proactively identify and prepare for these risks can easily be caught off guard, often exacerbating the financial impact and lengthening the …
I want to focus on three points which the compliance practitioner can glean from Armstrong’s career and interview and how that information can be used to create a more robust ethics and anti-corruption compliance program…
Government Contractor Indictments Provide Reminder of Importance of Strong Workplace Policies, Training and Enforcement
A series of indictments remind government contractors of the increased scrutiny on the industry and the risk of employee fraud and abuse…
The SEC is taking steps to make it easier to pursue investment firms and their executives. According to a September 30, 2011, Wall Street Journal article by Jean Eaglesham, Ken Lench, head of the SEC’s structured and new products enforcement unit, stated that investment firms and their executives may violate their duty of care to [...]
Legal requirements are of concern to compliance personnel. But “compliance” as a mantra does not end there. Instead, fraud prevention only begins with legal prohibitions. Stated differently, “compliance” is not a destination. Rather, it is a goal that will evolve as business necessities and circumstances change.
Fox Rothschild’s David Restaino covers corporate compliance holistically, from the laws that govern compliance to consequences of inadequate compliance and the benefits of a robust compliance program.