Day: September 10, 2020

¡(H)Ola Compliance! Episodio 1: 2020 Encuesta sobre Corrupción en América Latina: Puntos Claves

Post author By Miller & Chevalier
Post date September 10, 2020
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Los presentadores Matteson Ellis y Alejandra Montenegro Almonte discuten los resultados más relevantes de la Miller & Chevalier 2020 Encuesta sobre Corrupción en América Latina y comparten sus observaciones sobre la relevancia de los resultados para las empresas de la región.

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Encuesta Miller & Chevalier 2020 sobre Corrupción en América Latina: https://bit.ly/LACS2020
Preguntas? Contáctenos en podcasts@milchev.com.
¡(H)Ola Compliance! no tiene la intención y no se puede considerar como asesoramiento legal; el contenido solo refleja los pensamientos y opiniones de sus anfitriones.
¡(H)Ola Compliance! explora la ola de cumplimiento de anticorrupción que ha surgido por Latinoamérica. Inmerso en su cariño para la región, Matteson Ellis y Alejandra Montenegro Almonte (Socios de Miller & Chevalier), navegan las aguas de regulaciones de cumplimiento corporativo desde sus oficinas en Washington, DC y trazan las normas de anticorrupción que afectan a la región. A la vez destacan los desafíos y oportunidades que enfrentan las empresas comprometidas a la ética. ¿Te sientes que estás nadando contra la corriente? ¡Entonces tome la ola de cumplimiento en ¡(H)Ola Compliance!

The Ethics Movement

Converge20-Don Sinko-Integrity v. Compliance-the Future of Our Profession

Post author By admin
Post date September 10, 2020
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CONVERGE is in its 5th year of bringing together the world’s leading companies for 2 days of dynamic speakers, thought-provoking breakout sessions, and opportunities to connect with like-minded professionals. This year the conference has gone virtual. You will leave the conference with new resources and best practices allowing you to continue the hard work of driving ethics to the center of your business. In today’s episode I visit with Don Sinko, Chief Integrity Officer at the Cleveland Clinic. We visit about his panel at Converge20 on Integrity v. Compliance-the Future of Our Profession.
As a profession, we’ve gotten used to the “ethics and compliance” label—but the rise of the Chief Integrity Officer begs the question, “is Integrity the new E&C?” In this session, you will learn how meaningful company values, employee communications and organizational structures can propel a program to align a culture of integrity and ethics and make a significant impact on the bottom line. Find out more as Don explores these and other issues on this panel. For more registration and information on Converge20, click here.

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31 Days to More Effective Compliance Programs

Mapping Internal Controls

Post author By admin
Post date September 10, 2020
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As they made clear with several FCPA enforcement actions in 2020, the SEC has continued to emphasize the accounting provisions of the FCPA, specifically the internal controls provisions. Charles Cain, the Chief, FCPA Unit; Division of Enforcement of the SEC, reiterated that the SEC is committed to protecting investors in U.S. public companies and those which list other securities in the U.S., through enforcement of the accounting provisions, including internal controls provisions of the FCPA. The reason is straightforward; a company with rigorous internal compliance controls is better able to prevent, detect and remedy any FCPA violations that may occur.
What can you do around the FCPA’s requirements for internal controls and continued SEC enforcement emphasis? I would suggest that you begin with an exercise where you map the internal controls your company has in place to the indicia of the Ten Hallmarks of an Effective Compliance Program, as set out in the 2020 FCPA Resource Guide. While most compliance practitioners are familiar with the Hallmarks, you may not be as familiar with standards for internal controls. I would suggest that you begin with the COSO 2013 Internal Controls Framework as your starting point.
As a CCO or compliance practitioner, this is an exercise that you can engage in at no cost. You simply investigate and note what internal controls you have in place and how they may be a part of your anti-corruption efforts going forward. Compliance is a straightforward exercise; this does not mean that it is easy, you do have to work at it so that you will simply not have a paper, “check the box”, program. But using the excuse that you have limited resources is simply an excuse and a rather poor one at that. While the clear lesson from the BHP enforcement action is that you are required to have effective internal controls in place, by engaging in this mapping exercise you can then figure out what you have and, more importantly, what internal compliance controls that you do not have and need to institute.
Three key takeaways:

Learn the internal controls your company currently has in place.
Map your compliance internal controls to the COSO 2013 Internal Controls Framework.
Use your gap analysis as a basis for remediation.

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ComplianceLIVE

Episode 29: COVID and Compliance Journalism with Aaron Nicodemus

Post author By ComplianceLIVE
Post date September 10, 2020
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Amanda and guest-host-with-the-most Michelle Zychowski welcome Aaron Nicodemus, journalist for Compliance Week, to the show to discuss the new COVID-friendly workplace, journalism in South Africa, and HOW MANY?!?!? compliance articles since May???

Check out more episodes and full episode videos at ComplianceLine.com, and don’t forget to subscribe on your favorite podcast platform!

Episode Notes

STUFF WE TALKED ABOUT IN THE SHOW–
https://www.complianceweek.com/cyber-security/employees-working-from-home-to-avoid-coronavirus-protect-your-data/28600.article
https://www.complianceweek.com/risk-management/navigating-the-return-of-employees-to-the-workplace/28761.article

The Walden Pond

Third-Party Due Diligence with Taylor Twining

Post author By admin
Post date September 10, 2020
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Taylor Twining is the Director of Sales at ethiXbase, an organization dedicated to helping clients in every stage of their third-party compliance lifecycle. He joins Vince Walden to discuss how companies are taking a risk-based approach to third-party due diligence.

ethiXbase helps compliance professionals reduce corruption and bribery risks by providing an end-to-end risk management platform which they can configure and customize to suit their needs. There are two categories of background checks: screening, which is instantaneous and involves inputting a name into a software program designed to monitor compliance watchlists; and enhanced due diligence reports, which is an in-depth analysis report done by humans, with a reduced risk of false positives.
DDQ’s, or due diligence questionnaires, are tools which provide information for risk assessment; they are becoming more widely used in the compliance industry. This information is a critical part of understanding the risks third-parties may bring to your organization.
Resources
Taylor Twining on LinkedIn
ethiXbase.com