In Part 1 of this series, the author probed the assertion by many companies they have “zero tolerance for unethical or illegal behavior.”
In Part 2 he asks why, if most large businesses have fraud, risk and corruption-related policies in place, are there still so many cases of fraud and corruption?… Continue Reading
Part One of this series discussed the difficulties compliance professionals face in demonstrating return on investment to senior management or the board. This second and final part looks at how compliance professionals can prove their team’s ROI.… Continue Reading
This is Part One of a two-part series on how compliance must present their results to upper management and the board of directors as a return on investment.
Anyone following the mainstream media or subscribing to compliance or risk-management periodicals would be forgiven for thinking that compliance and risk management were top of mind for all boards and senior management at organizations around the world.… Continue Reading
The ABC network recently ran a segment on the OECD’s concerns about Australia’s approach to bribery investigations entitled Australia ‘failing’ to tackle bribery by multinationals: OECD. Its examination of cases occurring prior to 2012 is relevant to the country’s current weaknesses in anti-corruption prevention and detection.… Continue Reading
After 25 years of investigating instances of fraud and corruption, I am still amazed that otherwise law-abiding citizens will engage in fraudulent behavior. It also perplexes me that organizations place an extremely high weighting on the honesty of management and staff as a key fraud and corruption risk-mitigation tool.… Continue Reading
Look closely at traders who are performing significantly above their peers or the market. They have been trading outside of the risk criteria of their employers for a while, most likely. They are making money, so the behavior is tolerated and even rewarded.… Continue Reading
The halls of regulators and law enforcement agencies around the world appear to be full of government officials investigating cases of bribery and corruption.
In China, there are allegations involving pharmaceutical companies and information brokers, and in the UK, we are still seeing the fall-out from the Libor scandal involving some of the world’s most respected financial institutions.… Continue Reading