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If geopolitical risks change, scrub your operations

Tom Fox | July 30, 2018

One of the things compliance professionals must understand is that risks change. This means you must not only stay on top of the changing business risks within your company but also the risks in specific countries that evolve due to the political landscape. 

While many feel this is the Trump Risk in action, The Man From FCPA is focused more on the geopolitical risks for countries outside the United States. It is all the more impactful when this change comes from the democratic process.

Two of the most recent examples come from South Africa and Malaysia. Both countries have significant U.S. investment and are seen as key American allies in their geographic regions. Both are also going through a domestic upheaval due to the effects of bribery and corruption. 

For South Africa it was the corrupt Zuma regime, which was changed when the African National Congress persuaded President Zuma to resign and he was replaced by Cyril Ramaphosa. Ramaphosa has moved to end the...

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