Data analytics is one thing; it’s how you react to the data which is so critically important, said Andrew McBride, former chief risk and compliance officer at chemical company Albemarle Corp.

McBride joins the Compliance Week podcast with Aaron Nicodemus to preview his session at CW’s National Conference in Washington, D.C. The event will take place over three days, April 2-4, and feature the perspectives of 80-plus compliance, risk, and regulatory professionals.

 

In September, Albemarle agreed to pay $218 million in settlements with the Department of Justice (DOJ) and Securities and Exchange Commission (SEC) for alleged violations of the Foreign Corrupt Practices Act across Vietnam, Indonesia, India, China, and the United Arab Emirates. After the company earned the highest penalty reduction—45 percent—recorded under the DOJ’s revised corporate enforcement policy, Acting Assistant Attorney General Nicole Argentieri described the case as “an example for companies considering how to achieve the best result under our policies.”

During his session, McBride will share his insights and lessons learned about building effective compliance programs, how they can be communicated to the DOJ and SEC, and recommendations for practitioners facing similar challenges. Check out the interview above to learn more.

Aaron Nicodemus covers regulatory policy and compliance trends for Compliance Week. He previously worked as a reporter for Bloomberg Law and as business editor at the Telegram & Gazette in Worcester, Mass.View full Profile

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