Corrupt payments are made to achieve important objectives — important enough to risk possible loss of reputation and criminal prosecution. The most common objectives are winning business, maintaining business, and executing transactions faster.… Continue Reading
The DOJ said Friday that two banks, Bank Linth LLB AG and Bank Sparhafen Zurich AG, reached deals to resolve criminal charges for helping U.S. taxpayers evade taxes.
The DOJ and SEC expect diverse functional areas of organizations to participate in compliance risk assessments. Among them are compliance, legal, internal audit, procurement, and finance. Human resources, marketing, and public relations also usually have a role.… Continue Reading