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

Enhancing compliance still a challenge for businesses in India and Germany

Over the years, Germany and India have emerged as strong trade partners due to mutual co-operation over foreign policy matters, investments, and common values on democracy and free trade. Cross border collaboration has deepened over time and in May 2017, Germany and India signed 18 MoUs in key areas such as defence manufacturing, trade, intelligence … More Enhancing compliance still a challenge for businesses in India and Germany

Fraud, bribery and corruption continues to be a global threat: EY Global Fraud Survey

Increased enforcement action, changing regulations and adoption of new technologies has transformed the risk landscape, leading to increased vulnerabilities. EY’s 15th Global Fraud Survey 2018, Integrity in the spotlight – The future of compliance stated that despite rising global enforcement, fraud and corruption continue to be one of the greatest threats to businesses worldwide. While … More Fraud, bribery and corruption continues to be a global threat: EY Global Fraud Survey

Monitoring fraud and compliance risks are key to transform the Indian auto industry

The auto industry is undergoing rapid changes, operating in an increasingly complex and dynamic global landscape. There is a heightened focus on sustainability and innovation, resulting in auto companies forging strategic partnerships with stakeholders (employees, investors, vendors, sub-contractors and peer groups) based on mutual goals.

Steering the power and utilities sector through fraud and corruption risks

India has witnessed tremendous growth in the power and utilities sector in recent years, with the Government launching various reforms and schemes to increase electrification reach and spread across the country. As per Central Electric Authority, India is one of the world’s largest producers and consumers of power, with over 1 trillion units generated and … More Steering the power and utilities sector through fraud and corruption risks

Unleashing the potential of high growth companies by mitigating risks

High growth and entrepreneurial companies have emerged as the backbone of India’s economic success story and a key factor in the country’s development and progress. They have contributed significantly to the GDP, offered numerous opportunities by creating jobs, increased exports and delivered high value to the stakeholders involved. With changing times, building high growth companies … More Unleashing the potential of high growth companies by mitigating risks