Evolving compliance programs and the ISO 37001 advantage

Corporate compliance has evolved considerably over the last few decades. Global regulations such as the Foreign Corrupt Practices Act and UK Bribery Act continue to lead the way, along with guidance and enhanced cross border co-operation from the US Department of Justice, the Securities and Exchange Commission and Organisation for Economic Co-operation and Development (OECD). … More Evolving compliance programs and the ISO 37001 advantage

Fostering a strong anti-graft regime through Prevention of Corruption (Amendment) Act

India has seen significant progress over the past few years with regulatory reforms and increased enforcement. Recent legislation include the Insolvency and Bankruptcy Code which seeks to resolve insolvencies in a strict time-bound manner, the Data (Privacy and Protection) Bill to bring strong data protection laws in India and the Fugitive Economic Offenders Act to … More Fostering a strong anti-graft regime through Prevention of Corruption (Amendment) Act

Transforming anti-bribery frameworks with ISO 37001 standard

Most multinational corporations tend to encounter bribery and corruption risks particularly when doing business in emerging markets. However, evolving legal systems and new or amendments to regulations are being rolled out to foster greater transparency. For instance, India recently passed amendments to the Prevention of Corruption Act and the Fugitive Economic Offenders Act 2018, Vietnam’s … More Transforming anti-bribery frameworks with ISO 37001 standard

Bolstering cross border enforcement through the US DOJ’s policy to address “piling on”

The last few years has seen a conspicuous rise in fraud and corruption cases across the globe. Governments and regulators alike have indicated that the commitment to combat growing corporate misconduct should be improved which would augur well for businesses worldwide. This further led to the introduction of numerous regulations, establishing enforcement agencies and actively … More Bolstering cross border enforcement through the US DOJ’s policy to address “piling on”

Corruption is still a significant obstacle for growth

The annual Corruption Perceptions Index (CPI) by Transparency International (TI) ranks countries and territories by their perceived levels of corruption and scores them on a scale of 0 to 100, where 0 means highly corrupt and 100 denotes being very clean. 2017 marked its 25th anniversary, and this year’s index analyzed perceived corruption levels with … More Corruption is still a significant obstacle for growth

Assessing the implication of voluntary disclosures under the FCPA Corporate Enforcement Policy

Globally, enforcement has seen an upward trend in recent times, particularly in fraud, bribery and corruption related cases. Developed markets with strict regulations and enforcement are leading the way here, endorsing cross border collaboration and the benefits of voluntary disclosures to deter penalties. Driven by the US Foreign Corrupt Practices Act (FCPA), many companies have … More Assessing the implication of voluntary disclosures under the FCPA Corporate Enforcement Policy

Combating corruption through robust compliance procedures – the Vigilance Awareness Week

The business landscape in India has undergone a significant change in terms of increasing flow of foreign investments, contribution to the global economy, exponential growth of startups and technological advancements. As per the World Bank’s Ease of Doing Business report 2018, India jumped up by 30 points, securing a spot in the top 100 countries … More Combating corruption through robust compliance procedures – the Vigilance Awareness Week