Compliance

You assign one of your staff to complete fieldwork for a major project. The associate is not capable of providing the requested services and tells you well before the deadline. How do you reward this person’s honesty and trust in you?

So, how do top leaders do it? Studying the top business leaders in various fields allows us to pinpoint the key qualities they share which enables them to achieve success in their business and abundance in their lives. Here are the top qualities of business leaders that you can learn from to improve your leadership skills.

There are a number of factors contributing to the success -- or failure -- of an anti-money laundering compliance program. Arguably one of the best predictors of an AML compliance program's effectiveness, however, is its support and oversight by senior management and the Board of Directors. Read on for details on some of the other key indicators.

Change is a necessity at some point in every successful organization. Managing those changes can be challenging, particularly as they grow in size and scope, but having the right players in place certainly helps. HR ought to be involved from the beginning, from the planning stages to assessing the need for staffing changes and communicating plans and feedback along the...

Bio-Rad has recently settled DOJ and SEC investigations into alleged FCPA violations, to the tune of $55 million. The U.S. company found itself in hot water after having allegedly made improper payments to Russian government officials. Russia is a notoriously difficult market to navigate when compliance is at stake, but the pharmaceutical industry may have a tougher go of it...

Transparency International's Corruption Perceptions Index is out for 2014, and some of the changes from last year to this are notable. What's especially enlightening this year, however, is comparing the CPI with the new TRACE Matrix, which draws its data from more sources and reviews more countries worldwide. Read on for more detail on where Asia-Pacific countries stand.

Small and medium-sized businesses face a number of challenges simply due to the fact that they run smaller operations. One area that simply cannot be neglected, though, is HR compliance. The potential damage -- both financially and reputationally -- stemming from a discrimination suit or a violation of federal benefits regulations could be crippling. Here's what you can do.

In manufacturing, design issues are expected to some degree, but when it's medical devices being produced as opposed to televisions, for instance, the stakes are much higher when something goes wrong. Naturally, the FDA keeps a close eye on medical device manufacturers, but these organizations can beat them to the punch with a strong CAPA system in place.

Compliance alone isn't enough, says Michael Volkov. Compliance alone is the bare minimum; fostering an ethical culture takes your compliance program to the next level, requiring little besides commitment. And there's the payoff, of course... employees want to work for companies that operate with integrity, and clients want to do business with ethical organizations.

It's not enough to pay your employees what you owe them. You've got to do it on time, or you may be in violation of the Fair Labor Standards Act. Consequences include owing liquidated damages to employees, interest on any overdue amounts and even penalties violations. And be warned, employers: the federal government isn't the only entity with jurisdiction in...

The costs can really add up when internal investigations get underway, but cutting corners is generally a bad idea. Particularly during the interview process. If you're serious about uncovering the truth, the important interviews should be handled by experienced attorneys, not by counsel a bit greener around the edges who will be less likely to pick up on hints of...

Political and corporate corruption has long galvanized the general public, but over the past several years, some of the ire that was once focused on organized institutions has begun to be directed at individuals. This is what Alison Taylor refers to as Corruption 2.0, and this trend toward anti-corruption measures at the individual level is worth watching.