Compliance

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 to speed and efficiency normally associated with business process oversight.

A Chief Compliance Officer’s authority and relationship to the board is a matter of ongoing discussion in GRC circles. But rather than focusing on to whom the CCO should report, perhaps the question we should all be asking is what we expect from the compliance function; therein lies the answer. Jim DeLoach outlines two kinds of CCO and where each...

Anti-corruption laws are being passed worldwide as foreign litigation heats up. Can you rely on your U.S.-based D&O policy, or do the risks require a foreign solution?

Companies with top-quartile perceptions of integrity experience less misconduct than organizations with bottom-quartile perceptions. This new whitepaper from CEB explores what this means from a compliance and risk standpoint.

This new whitepaper from CEB highlights the importance of making compliance part of a company's operations -- and offers three important changes compliance teams must make to their programs.

The Panama Papers leak was a kick in the pants to many, leading in a lot of cases to criminal investigations. In other ways, however, the scandal may turn out to be a good thing. Under increased scrutiny, flaws in anti-bribery and anti-corruption practices are coming to light. This is especially true in the maritime industry, which has some catching...

A recent court ruling in Hong Kong may have substantially diminished the burden on prosecutors in cases involving financial crime. But the decision may lead to the incarceration of people with no more connection to a crime than the possession (after the fact) of monies involved and the suspicion that the funds could be dirty. Isn’t this tantamount to a...

By white collar defender and former federal prosecutor Michael Volkov, this book looks a the DOJ's latest attempts to deter corporate criminals

As much as Volkswagen wants us to believe it, corruption never happens in a vacuum. As VW squirms under the weight of a DOJ investigation into their decade-long emissions scandal, it’s becoming clear that the initial claim of engineers acting solo won’t hold water. It’s another instance of corruption underscoring the myth of the rogue employee.

The DOJ and SEC have recently placed greater focus on personal liability in the fight against corporate misconduct, and chief compliance officers are feeling the squeeze. Some are asking themselves whether a future in compliance is worth the risk to their careers and personal lives. And at a time when many don’t have the resources they need to do the...

Making good on a 2012 campaign promise, President Pena Nieto has pushed through a legislative package consisting of three laws intended to strengthen the fight against corruption. Of course the measure of success here lies in enforcement, so the ball is squarely in the prosecutor’s court.

With big data in the news almost every day and the requirement for due diligence on third parties to meet compliance obligations, there has been an explosion of providers entering the market. For companies looking for due diligence providers, it is important to be aware that not all parties are created equal.