Internal Investigations


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CPE Webcast: Best practices for corporate investigations in the digital age

2021-09-23T14:00:00+01:00Provided by

In their recent 2021 survey, Compliance Week and OpenText reveal the growing challenges of managing investigations, driven by an increasingly complex litigation and regulatory landscape.

Questioning

Big Four mishaps in U.K. underscore need to challenge auditors

2021-09-22T15:55:00+01:00By

Companies should question their auditors throughout the audit process, particularly in the wake of a spate of recent enforcement actions in the United Kingdom targeting the Big Four and other large firms for audit deficiencies.

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Pactiv Evergreen nearing clearance from SEC in FCPA probe

2021-08-10T16:59:00+01:00By

Pactiv Evergreen said it has received indication from the SEC it will not face enforcement following an internal investigation launched last year into potential violations of the Foreign Corrupt Practices Act.

Investigations

What factors are driving change in your corporate investigations process?

2021-08-10T15:00:00+01:00By

A recent survey from Compliance Week and OpenText reveals while investigations and data volumes are on the rise, machine learning combined with external expertise may give companies the upper hand in accelerating response and results.

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e-Book: What factors are driving change in your corporate investigation processes?

2021-08-09T03:00:00+01:00Provided by

The results of a recent survey from Compliance Week and OpenText reveal that while investigations and data volumes are on the rise, machine learning combined with external expertise may give companies the upper hand in accelerating response and results.

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Five pieces of advice for potential whistleblowers

2021-08-05T15:56:00+01:00By

Thinking of becoming a whistleblower? The path ahead likely won’t be easy. Learn from others that have been through the process.

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Seven things whistleblowers want compliance officers to know

2021-08-04T17:54:00+01:00By

Aaron Nicodemus explains what whistleblowers, their supporters, and advocates would like compliance officers who handle internal complaints to understand about the process from their side of the table.

Allianz

Allianz bracing for financial hit amid DOJ scrutiny

2021-08-02T17:51:00+01:00By

Insurance giant Allianz disclosed it could face enforcement resulting from Department of Justice and Securities and Exchange Commission probes into its Structured Alpha Funds business.

Whistleblower Day

Three ideas to improve the whistleblowing process

2021-07-30T13:00:00+01:00By

It’s important to take stock of how far whistleblowing has advanced over the last few years. That said, there is still room for improvement. Aaron Nicodemus offers three suggestions.

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Part 5: Waiting for payout a grueling test of tenacity for whistleblowers

2021-07-30T13:00:00+01:00By

The road to a payout for whistleblowers is long, lonely, and full of obstacles. Commitment to the idea that they are doing the right thing helped our whistleblower subjects endure years of hardship to bring their cases to conclusion.

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Report: Deficient risk culture at Credit Suisse contributed to Archegos collapse

2021-07-29T17:00:00+01:00By

An independent report commissioned by Credit Suisse to examine the bank’s failures that led to $5.5 billion in losses when Archegos Capital Management collapsed this year concluded a series of missteps by risk and compliance failed to escalate numerous red flags.

Andrew Russo

Part 4: Retaliation pervades while whistleblowers persevere

2021-07-29T13:00:00+01:00By

Retaliation for blowing the whistle comes in all kinds of forms. Our whistleblower subjects share their stories—from losing jobs to getting blacklisted to being the target of a newspaper hit piece.

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Part 3: Blowing the whistle weighs uncertainty against moral duty

2021-07-28T13:00:00+01:00By

Once someone decides to blow the whistle, their life is forever changed. Their action stands to benefit many people they don’t even know while putting much in jeopardy on a personal level. Our whistleblower subjects each explain what led them to their determinations.

Brendan Delaney

Part 2: Internal reporting sends whistleblowers down path alone

2021-07-27T13:00:00+01:00By

Almost no one becomes a whistleblower by choice. A slow and steady whittling down of options often leads individuals to isolation in coming to their decision. Our whistleblower subjects share the roadblocks they faced in reporting internally.

Aaron Westrick

Part 1: Finding the fraud launches whistleblowers on life-changing journey

2021-07-26T13:00:00+01:00By

Whistleblowers aren’t born—they’re made. For five individuals that have taken on that mantle, the story began with discovering a problem that could no longer be ignored.

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CW whistleblower series: ‘Witness to Wrongdoing’

2021-07-21T13:00:00+01:00By

This in-depth CW series chronicles the timeline of a whistleblower—from identifying wrongdoing to reporting and enduring subsequent hardships. Exclusive interviews impart key lessons for compliance officers seeking to become an ally to these individuals.

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Volkswagen secures $21.7M in executive clawbacks for Dieselgate roles

2021-06-10T20:19:00+01:00By

Volkswagen’s supervisory board announced agreements to recover €17.8 million (U.S. $21.7 million) in compensation from former executives and board members for their respective roles in the Dieselgate emissions scandal.

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SEC drops FCPA probe into Avianca

2021-06-04T17:39:00+01:00By

Avianca Holdings disclosed in a regulatory filing that the SEC has dropped its FCPA investigation into the company and will not recommend an enforcement action.

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CPE Webcast: Managing true challenges in a compliance investigation

2021-06-03T14:00:00+01:00Provided by

Compliance investigations are fraught with challenges from start to finish—from the pre-planning stage through the presentation of the final report detailing the factual findings.

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CPE Webcast: Data-driven compliance: Speak-up culture and faster investigations

2021-05-18T14:00:00+01:00Provided by

Get the covid-adjusted data on how peers around the world have experienced report volume, anonymous reporting, and investigation performance throughout 2020.

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DOJ joins SFO in corruption probe of Bombardier

2021-05-10T17:51:00+01:00By

The U.S. Department of Justice has joined the U.K. Serious Fraud Office in an ongoing investigation into plane maker Bombardier over suspected bribery and corruption relating to contracts and orders from airline carrier Garuda Indonesia.

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DOJ closes FCPA investigation into Pactiv Evergreen

2021-05-10T15:57:00+01:00By

Pactiv Evergreen said it will not face an enforcement action by the Department of Justice, following an internal investigation launched last year into potential violations of the Foreign Corrupt Practices Act.

Bob Mazur

Members only podcast: Robert Mazur shares first-person AML lessons

2021-04-27T12:21:00+01:00By Compliance Week

Robert Mazur, the famous undercover agent portrayed in the 2016 film “The Infiltrator,” delivered an hour-long keynote at CW’s Financial Crimes virtual event in March.

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Study: How compliance managed COVID’s effects on incident reports

2021-04-20T19:21:00+01:00By

The coronavirus pandemic dramatically altered incident reports and investigations in 2020. Despite facing unprecedented challenges, as analyzed in NAVEX Global’s latest benchmark study, compliance officers met the moment.

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Robert Mazur: Old tricks still work for launderers; new policies could help

2021-04-01T16:02:00+01:00By

Former federal agent Robert Mazur revealed secrets of the money-laundering trade to attendees of CW’s Financial Crimes virtual event and proposed two solutions for financial institutions in the fight against bad actors.

Volkswagen

Volkswagen to seek damages from former CEOs over Dieselgate

2021-03-29T20:40:00+01:00By

Volkswagen’s supervisory board has accused former CEOs Martin Winterkorn (Volkswagen) and Rupert Stadler (Audi) of negligent breaches of duty during the diesel scandal.

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TRACE: U.S. bribery enforcement declined in 2020

2021-03-11T19:44:00+00:00By

Despite a banner year for resolutions under the Foreign Corrupt Practices Act in 2020, U.S. enforcement of the anti-bribery law dropped 29 percent when compared to 2019, according to the latest Global Enforcement Report by TRACE International.

SEC

Biden influence apparent in SEC 2021 examination priorities

2021-03-03T21:12:00+00:00By

The long-awaited 2021 examination priorities of the Securities and Exchange Commission were released Wednesday, with climate- and ESG-related risks unsurprisingly among areas that will receive enhanced focus.

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SEC expands number of staffers authorized to launch investigations

2021-02-09T22:19:00+00:00By

The acting head of the Securities and Exchange Commission has expanded the number of staff authorized to issue a formal order of investigation, perhaps a sign the agency intends to launch more cases under President Joe Biden.

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Defense bill empowers SEC in seeking return of profits from fraud

2021-01-05T21:22:00+00:00By

The ability of the SEC to pursue the return of profits earned in fraudulent schemes has been strengthened as part of Congress’ passage of the National Defense Authorization Act for Fiscal Year 2021.

Investigate

The growing demand for investigation skills in compliance

2020-12-16T16:48:00+00:00By Tristan Jenkinson, International Compliance Association

As the compliance world evolves, the skill sets needed by practitioners are changing. The ability to run investigations effectively is now highly prized, and key skills, such as understanding the use of technology, will be among the most fundamental in the years ahead.

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U.S. beneficial ownership efforts a welcome sight for global AML community

2020-12-14T20:14:00+00:00By

U.S. Congress’ defense spending bill requiring corporations to identify who owns and controls them is a significant milestone in the global effort to put an end to anonymous shell companies, writes Martin Woods.

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Companies should create ‘Ombuds’ function to meet EU whistleblower rules

2020-12-08T17:55:00+00:00By Cédric Dubar, CW guest columnist

The creation of an independent, competent “Ombuds” function could be used by companies to respond to certain key requirements in the EU’s Whistleblower Protection Directive.