Compliance Communications Blog

 

"Fraud is Corruption is Fraud"

 

8/18/15: A key finding of PWC’s newly released Global Economic Crime Survey states flatly, “… our 14 years of survey data shows that at any given time period, nearly one in three of those surveyed report suffering a significant economic crime event.” Not a pretty picture for global companies, especially since the survey...

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"New Fraud Sentencing Guidelines"

 

5/13/15: There are new sentencing guidelines for fraud cases, becoming effective in November 2015. An article by Randall Eliason published on the Sidebars website explains some of the amendments that will come into play. According to Eliason, several of the amendments focus specifically on the guideline for economic crimes...

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"A Source of Costly Non-Compliance"

 

4/29/15: An article posted on the CEB blog by Will Poats aims an important spotlight on middle managers and costly decisions in areas including corruption, global fraud, anti-trust and data privacy compliance failures. According to Poats post, CEB research of US federal settlements show an average cost...

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"Failure to Prevent"

 

4/14/15: An article on Out-Law.com provides companies with an important heads up about a new criminal offence in the UK for companies that “… fail to prevent employees or agents committing economic crime …” The article quotes Laura Dunseath of law firm Pinsent Masons (which hosts Out-Law.com) , who says...

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"Healthcare Fraud Poses Risk to Providers & Suppliers"

 

3/31/15: $3.3 billion dollars was returned to the US Treasury in 2014 from criminal and civil investigations by the US Department of Justice and the Department of Health and Human Services of medical device companies, pharmaceutical companies, hospitals, physicians, pharmacies, chiropractors, hospice facilities and others, according to...

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