At the moment, the international approach to enforcement around bribery and corruption can seem uneven, at best and perhaps lax, at worst.
September 18, 2017 posted by Aravo
April 10, 2017 posted by Aravo
Third party risk management is a complex discipline, that combined with the scale, complexity, and change dynamics of any Global 2000 organization, can often lead to false starts with technology implementations.
It’s important to get enterprise software purchase decisions right – they are the fulcrum of successful third party risk programs for the business, they impact on the adoption and performance of many internal users across the enterprise, and they can have an impact on the careers of those selecting them.
Topics: third party risk management, tprm, aravo, risk and compliance, risk mitigation, Anti-Bribery and Anti-Corruption, FCPA, OCC, GDPR, Conflict Minerals, ABAC, sustainable procurement, Data Security & Privacy, Registration & Qualification, General Data Protection Regulation, regulatory risk
March 07, 2017 posted by Aravo
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.
October 19, 2016 posted by Aravo
Multi-million dollar fines, bad publicity, even jail time for executives—mining companies have a lot at risk in the area of regulatory compliance. In Ernst & Young’s report Business risks facing metals and mining 2016-2017, two of the top ten trends relate to transparency and compliance. Government are cracking down on corruption, and NGO’s and journalists are fueling social movements expressing concern over workplace safety and ethical sourcing.
One area deserves attention from mining and metals companies: third-party compliance.
August 29, 2016 posted by Aravo
The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 might garner the most headlines, but it is hardly the only federal regulation deserving the attention of U.S. banks.
Two other federal regulations are increasing the pressure on banks and other financial institutions to monitor and manage third parties. A third party is any outside entity doing work for a bank, regardless of whether the third party is an individual, partnership, or corporation, and regardless of whether the work is done under contract or on a more casual basis.
May 19, 2016 posted by Aravo
Around the world, governments are getting stricter about enforcing anti-bribery and anti-corruption regulations such as the U.S. Foreign Corrupt Practices Act (FCPA), the U.K. Anti-Bribery Act, and other national laws modelled on the OECD Anti-Bribery Convention. These regulations forbid bribery and corruption by companies and their third-party partners, including resellers, distributors, and marketing agencies.