After several years in the making, Walmart’s highly anticipated Foreign Corrupt Practices Act settlement has finally come to an end—albeit, an anti-climactic one—but the lessons it imparts should live in the minds of compliance officers for years to come.

Jaclyn Jaeger is a freelance contributor to Compliance Week after working for the company for 15 years. She writes on a wide variety of topics, including ethics and compliance, risk management, legal,...