By Martin Woods2021-02-03T20:05:00
As Goldman Sachs cuts the pay of its top executives in response to more than $5 billion in penalties incurred for the 1MDB scandal, Martin Woods once again ponders whether bonuses helped facilitate the improper conduct that took place.
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2023-03-10T20:40:00Z By Adrianne Appel
Former Goldman Sachs Managing Director Roger Ng was sentenced to 10 years in prison for his role in the 1MDB fraud scandal.
2022-11-07T16:22:00Z By Neil Hodge
The experience of Xavier Andre Justo—the former Swiss banker turned whistleblower in the 1MDB scandal—shows those who speak up about bribery and corruption are often the only victims of the supposed “victimless crimes” they report.
2021-01-06T22:03:00Z By Martin Woods
Financial crime expert Martin Woods assesses whether incentivizing compliance officers with bonuses may undermine the importance of performing the job with integrity and credibility.
2026-01-27T11:49:00Z By Richard Christel CW guest columnist
As 2026 arrives, have you considered the efficacy of your compliance messaging efforts? We have all seen these compliance taglines “Speak Up!,” “See Something, Say Something,” “Ethics Matter!”
2026-01-26T16:46:00Z By Tavares M. Brewington CW guest columnist
Compliance professionals understand the value of risk assessments. We conduct them annually, map risks to controls, and present heat maps to the board. But there is a strategic opportunity that many compliance programs overlook: Teaching the business itself to think in the language of risk.
2026-01-22T17:36:00Z By Diana Mugambi CW guest columnist
For more than two decades, assurance and compliance frameworks have rested on a simple assumption: Material decisions are made by people. Post‑Sarbanes-Oxley Act (SOX) assurance reset worked because it aligned accountability with human behavior. That assumption shapes how internal controls are designed, how accountability is assigned, and how assurance is ...
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