Corruption in Defence Industry … Why is corruption risk so high and how can companies meet compliance expectations of FCPA and other anti-bribery regulations?
Increasingly, companies strive to meet Corporate Social Responsibility and Environmental, Social & Governance expectations. What’s behind the shift to #SocialGood? Impact investing is experiencing a growth spurt. Read more about it on our blog.
In our ongoing Expert Q&A series, we spoke with Rajita Kulkarni, President of the World Forum for Ethics in Business (WFEB). She shares the importance of ethics, good governance and sustainability and how companies that meet such high standards realize additional benefits. Check out the full interview on our blog.
Artificial Intelligence on your nightly news? It’s coming. Chinese state news agency, Xinhua, showcased an AI powered virtual news reader at a recent conference. BigData in action, lights, camera.
HSBC is recruiting 1,000 digital experts as it seeks to expand its use of big data. This significant investment shows that companies in the financial services are recognising the possibility for big data to transform the industry.
How can big data, artificial intelligence, blockchain and biometrics help your business manage risk? Find out in our report from the 2018 Risk Congress in Brussels.
Three quarters of the world’s biggest exporting countries are failing to punish corporations that pay bribes overseas, according to a new report from the NGO Transparency International. The report shows that there are vast differences in the level of risk of bribery and corruption in different countries.
Petrobras has reached a $1.78 billion settlement with the DOJ and SEC over bribes to politicians and political parties in Brazil. This is the first time an enforcement action over FCPA violations has exceeded a billion dollars. The amount is bigger than the nearest two settlements combined, and the case emphasises the importance of PEPs due diligence.
Société Générale will pay $1.3 billion to settle allegations of breaching U.S. sanctions. But banks aren’t the only organisations that face elevated compliance risk. Check out our blog on the high cost of sanctions violations.
The U.S. Corporate Enforcement Policy, which incentivises companies to self-disclose bribery and corruption when they come across it, now applies to U.S. companies which are merging with or acquiring foreign companies. That’s according to a recent speech by a senior official at the Department of Justice (DOJ). If M&A is in your future, do you have appropriate due diligence and risk monitoring processes in place?