Menu9/15/14: Most global companies grew up under the shadow of anti-corruption laws that criminalized the “giving side” of bribery. Bribes by employees or third parties to foreign government officials have been the focus of investigations, prosecutions and settlements in the millions or even billions of dollars. But, for every individual paying a bribe, there is...
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Sep 15, 2014 •
9/15/14: Most global companies grew up under the shadow of anti-corruption laws that criminalized the “giving side” of bribery. Bribes by employees or third parties to foreign government officials have been the focus of investigations, prosecutions and settlements in the millions or even billions of dollars. But, for every individual paying a bribe, there is...
Sep 01, 2014 •
9/1/14: The Association of Certified Fraud Examiners (ACFE) recently released its 2014 Report to the Nation, which paints a serious picture of the fraud that goes on inside a company. While CCOs concentrate on global bribery and corruption, the ACFE report concludes that the typical organization loses 5% of revenues each year...
Sep 01, 2014 •
9/1/14: Healthcare fraud remains a focus of the US Department of Justice (DOJ) and the US Department of Health and Human Services, thanks to the Health Care Fraud Prevention and Enforcement Action Team (HEAT) initiative. To date, the US DOJ has recovered more than $14.2 billion through involving fraud against federal healthcare...
Sep 01, 2014 •
9/1/14: Companies have to follow up on internal complaints of possible wrongdoing. The US Securities and Exchange Commission made that clear when it awarded $300,000 to a whistleblower with audit and compliance responsibilities. In this case, the whistleblower had alerted all the appropriate personnel in his company about possible...
Aug 01, 2014 •
8/1/14: Today’s businesses stand on an undercurrent of suspicion by many consumers and competitors that unethical behavior is an integral part of business success. Ugly assumption – and one not based in truth according to Jeff Kaplan, editor of the Conflict of Interest blog. In this post, Kaplan pulls up research to suggest that ethics...
