Tag: bribery

Recent FCPA Cases: Lessons for Compliance Personnel

Posted by Anne Eberhardt - October 17, 2018

Historic Corruption and Its Modern-Day Impacts Anne Eberhardt, CFE, CAMS and Senior Director at Gavin/Solmonese, discusses two notable cases involving corruption, bribery and consequent violations of the Foreign Corrupt Practices Act. Each offers instruction for compliance practitioners. This autumn we are commemorating two significant anniversaries: the 10-year anniversary of the…

Corporate Doublespeak

Posted by Michael Volkov - August 2, 2018

A Bribe is a Bribe Why do organizations use sanitized language rather than more direct verbiage? A new generation of business leaders and employees is beginning to question the need for corporate speak. Michael Volkov discusses the need for a new approach. Language communicates more than just words – indeed,…

TRACE Podcast: Duke Cunningham and the Bribe Menu

Posted by TRACE International - July 25, 2018

Marcus Stern, the Pulitzer Prize winning investigative reporter who broke the story, describes the bribery scheme that landed then-Congressman “Duke” Cunningham in jail for seven years.  

Identifying and Verifying Ultimate Beneficial Owners

Posted by Paul Charmatz - 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…

10 Lessons from Operation Car Wash

Posted by Andy Webb-Vidal - 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…

A Small Change for Asia-Pacific

Posted by Wendy Wysong - 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…

Are We Winning the Battle Against Bribery and Corruption?

Posted by Richard Dailly - 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…

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

Posted by Michael Volkov - 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…

Reducing Risk Through Compliance Automation (Not to Mention CYA)

Posted by Dean Hodge - 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…

6 Vulnerabilities in Travel Expense Management

Posted by Nathanael L'Heureux - 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.

Artificial Intelligence – The New Superpower for Compliance

Posted by Anant Kale - 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…

Effective Audit Programs Consider Objectives First

Posted by Rosemary Amato - 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…