Have Great Anti-Bribery Measures in Place? Prove It
The list of companies facing charges from the Securities and Exchange Commission and the Department of Justice over violations of the Foreign Corrupt Practices Act continues to grow. Many of the more recent additions to that list, however, thought they had rock solid anti-bribery compliance programs in place.
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Survey: CCOs Lack Confidence in FCPA Financial Controls
Compliance officers do not have much confidence in their companies’ financial controls to catch books-and-records violations of the FCPA, according to a new report published by Compliance Week and Kroll. The finding was one of many included in the 2015 Anti-Bribery & Corruption Report, looking at all manner of anti-corruption ...
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News BriefNasdaq: A majority of financial firms plan to use AI in compliance this year
About 36 percent of financial firms are using artificial intelligence in compliance, and most firms intend to ramp up their reliance on AI in compliance in the next 12 months, according to a new survey by Nasdaq.
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ArticleBoard chair of Puerto Rico bank helped its collapse by siphoning millions
The board chair of a failed Puerto Rican bank played a key role in its $92 million collapse by robbing it of more than $13.6 million, the Department of Justice said Monday. Juan Francisco Ramirez, board chair of Nodus International Bank, pleaded guilty to stealing the millions, agreed to forfeiture ...