Study: Many Businesses Struggle With Anti-Corruption Controls
Image: Dec. 10—Three years after the U.K. Bribery Act came into force, many businesses are still struggling to implement the procedures necessary to prevent corruption as expected by the Ministry of Justice. More than one-third of almost 3,000 anti-corruption controls assessed by GoodCorporation were graded as inadequate in a recent ...
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Auditing Anti-Corruption Efforts: Best Practices Take Shape
Image: More anti-corruption efforts by compliance departments means more auditing of those programs by internal audit, and a vanguard of businesses (many of them, admittedly, stung by misconduct violations in the past) are pioneering better auditing techniques on that point. Tom O’Reilly, director of internal audit at Analog Devices, says ...
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News BriefJudge reinstates fired CPSC commissioners in latest battle over government cuts
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PremiumUK’s Failure to Prevent Fraud law may expose firms to unlimited fines and prosecution, says Moody’s compliance risk expert
Fraud now accounts for around 40% of all crime in the U.K., posing a major problem for banks and consumers. Ted Datta, head of industry practice for financial crime compliance at Moody’s, warns that the risk is growing fast.