The Department of Justice (DoJ) set a positive precedent for Foreign Corrupt Practices Act (FCPA) compliance when they exonerated Morgan Stanley in the Peterson bribery conviction. In their press release the DoJ cited "ongoing transaction monitoring" as one of the specific strengths of Morgan Stanley's compliance approach.
Michael Rasmussen's white paper titled "Anti-Bribery & Corruption: The Good, The Bad & The Ugly" details how ongoing transaction monitoring can ease the anti-corruption compliance burden by delivering operational effectiveness, efficiency, and agility to compliance programs.
With the expanding regulations, increased fines, and sanctions around the world, today's organizations need preventative and detective measures to monitor for corruption. Monitoring transactions and the personnel that perform them to detect and prevent bribery, corruption, and other types of fraud can strengthen existing elements of anti-corruption programs.
"Anti-Bribery & Corruption: The Good, The Bad & The Ugly" examines the requirements and logic for evaluating transaction monitoring as a component of a best practices compliance program.