Compliance

Having violated the accounting provisions of the FCPA on several occasions, Qualcomm has been the target of an SEC investigation for some time. Last week the regulatory body concluded its enforcement action against Qualcomm, and there are some key lessons to be learned for the compliance practitioner.

The SEC has been increasingly using the FCPA books and records provision in its pursuit of companies with false accounting records. Since this is a highly attractive strategy from the prosecution’s standpoint, other jurisdictions are introducing comparable legislation to take a similar approach. Here’s what you need to know…

To elevate “compliance” from an overused buzzword to a real value and operational commitment, leadership must empower their front-line employees to broadcast the organization’s message of ethics and compliance, and trust them to do it.

For the international GRC community, the last few weeks have been quite eventful. Here is a briefing of the top news items from around the world with regard to compliance and fraud.

Volkswagen most certainly made a mess of things when they engineered a device to cheat emissions test, but they’ve bungled their part in the investigation as well. Thanks to the actions of some of the company’s top brass, VW has even further damage to its own reputation. The takeaway for the CCO: look at VW as a clear lesson in...

If you thought the presidential campaign would bring some respite from costly Washington, D.C. compliance requirements, think again. The Affordable Care Act, federal overtime rules and mandatory paid sick leave head the list of 2016 employer concerns. A number of new compliance mandates threaten to put more pressure on employers, and small businesses in particular.

When it comes to regulatory enforcement, which makes for a more effective deterrent: a multimillion-dollar fine for a multibillion-dollar corporation, or prison time for the culpable executives? You better bet top leadership will think twice about any illegal conduct when it’s their necks on the line.

Middle market employers’ concerns about government regulations have grown dramatically, superseding their concerns about the Affordable Care Act (ACA) – signed into law by President Obama in 2010 — and health care costs for the first time since the study’s inception in 2012.

Cars have brakes not just so we can slow down, but also so we can go fast. An effective compliance program should serve the same purpose – not only providing limitations, but enabling the business to thrive – safely. The challenge for the CCO in making this happen, however, is shifting from a tactical mindset to a more strategic one.

A Texas Court of Appeals has handed down a ruling in a case involving insurance coverage for the existence of and exposure to mold, and the decision does little to bring clarity to mold insurance law. Peter McGrath explores this case and others like it and what they mean for policyholders.

Real estate is one of most attractive sectors for criminals to launder dirty money due to the ease of entering and exiting the market, as well as weak regulations in the industry. This article highlights the most common schemes criminals use to launder ill-gotten money.

The annual Corruption Perceptions Index is out, and Asia-Pacific showed little improvement overall in 2015. Only a fraction of the 27 countries in the region “passed” in Transparency International’s scoring system, and while several nations did show slight increases in their scores and rankings, others took a tumble.