Boards of directors together with their C-suite teams have begun to realize just how little risk information they actually have about their third party relationships, and how fragmented that information can be across an organization of even a modest size.
March 21, 2017 posted by Aravo
Topics: Anti-bribery & Anti-corruption, risk and compliance, Financial Services, third party risk management, automotive, Aerospace & Defense, Chemicals, Industrial Manufacturing, Metals & Mining, business case, Business Services, Construction, High Technology, Pharmaceutical & Life Sciences, Retail, how to
February 21, 2017 posted by Aravo
Guidance for your FCPA Programs
On the 8th of February the Fraud Section of the DOJ released fresh guidance in the form of its “Evaluation of Corporate Compliance Programs,” which provides a list of questions that prosecutors will typically ask about a compliance program.
December 07, 2016 posted by Kimberley Allan
France Adopts ABAC Laws and Joins Global Efforts at Combatting Corruption
France has the sixth largest economy in the world, but it has never prosecuted a French company for corruption in a foreign country. That work has been left to countries such as the United States, which fined French oil company Total $398 million for Anti-Bribery/Anti-Corruption (ABAC) violations in 2013 and the French power and transportation company Alstom $772 million for ABAC violations in 2015. The lack of anti-corruption scrutiny French companies received at home might explain why France ranks only 23rd in Transparency International’s Corruption Perceptions Index for 2015.
June 10, 2016 posted by Aravo
The modern organization is a complex web of relationships and interactions that span traditional business boundaries. Over half of the organization’s ‘insiders’ are no longer traditional employees, but rather third parties: suppliers, vendors, service providers, consultants, etc. Complexity grows as these interconnected relationships, processes, and systems nest themselves in layers of subcontracting.