FCPA Due Diligence Investigations
148 views | +0 today
Follow
Your new post is loading...
Your new post is loading...
Rescooped by D Michael Brown from The FCPA News Wire - Edited by Mike Kenealy
Scoop.it!

The FIFA Criminal Case – DOJ’s Extensive Criminal Toolbox - Corruption, Crime & Compliance

The FIFA Criminal Case – DOJ’s Extensive Criminal Toolbox - Corruption, Crime & Compliance | FCPA Due Diligence Investigations | Scoop.it
Now that the dust has settled a little on the FIFA criminal case, I wanted to throw my two cents into the commentary pot. Those who focus on whether the FIFA case is a...

Via @MikeKenealy
D Michael Brown's insight:

An "insiders" look into DOJ's handling of the current FIFA corruption. Mike Volkov nails it!

more...
No comment yet.
Rescooped by D Michael Brown from Global Corruption
Scoop.it!

Big Data 101: Using Large-Scale Data Mining to Find Fraud

Big Data 101: Using Large-Scale Data Mining to Find Fraud | FCPA Due Diligence Investigations | Scoop.it

You may have heard the term “big data” or “data mining,” but what do those terms mean? Today’s WatchBlog sheds light on how GAO analyzes large amounts of data to identify instances of potential improper payments or fraud.

What Is Data Mining and How Does GAO Use It? Data mining allows us to quickly identify relevant patterns in large databases, typically compiled from multiple sources. We’ve used this technique multiple times to identify potential improper payments or fraud on a large scale. For example, we’ve used data mining to

-   Identify people who may be receiving multiple federal payments. For example, by comparing data from different sources—such as benefit rolls for various programs and death files—we identified 59,251 individuals who received concurrent disability payments totaling $3.5 billion in fiscal year 2013, and over 2,600 people with potentially invalid identifying information who received $21 million in relief following Hurricane Sandy;
-   Identify outliers or other particular patterns. For example, we found that about 83,000 Department of Defense employees and contractors who held or were determined eligible for secret, top secret, or other clearances had more than $730 million in unpaid federal tax debt as of June 30, 2012; and
---Create maps that allow us to easily determine whether there are suspect patterns. For example, the map below shows an expected distribution of greater numbers of people living along the coast receiving relief funds following Hurricane Sandy.


Via Jim Wesberry
D Michael Brown's insight:

Love the science of big data!  I might suggest to almost all corporations to start looking for MBA students with a focus on big data analysis who are graduating this year and next!

more...
Alexa Earl's curator insight, May 26, 2015 6:40 PM

This map really depended by understanding and made me take into account the ranges. 

 

Rescooped by D Michael Brown from The FCPA News Wire - Edited by Mike Kenealy
Scoop.it!

Slippery Slope of FCPA Enforcement Against Individuals | Compliance Week

Slippery Slope of FCPA Enforcement Against Individuals | Compliance Week | FCPA Due Diligence Investigations | Scoop.it
The Justice Department has been continually criticized, from blog commentators to U.S. senators, for not having more prosecutions against individuals for violations of the Foreign Corrupt Practices Act.

Via @MikeKenealy
D Michael Brown's insight:

Tom Fox : Deep insight to Individual enforcement.  Personally, I like the direction this is going...the more we can make it personal (i.e. individuals going to jail) ..the better chance of real and fundamental change.

more...
No comment yet.
Scooped by D Michael Brown
Scoop.it!

Friday FCPA Roundup for Week Ending February 6

Friday FCPA Roundup for Week Ending February 6 | FCPA Due Diligence Investigations | Scoop.it
This article was reprinted with permission from FCPA Professor
Quotable, on offense, scrutiny alert, to FCPA Inc., and resource alert. It’s all here in the Friday roundup.
Quotable
This article in The Recorder reports on a recent public...
D Michael Brown's insight:

Who would have thought that the week ending 2/6/2015 would be so full of fundamental shifting matters within FCPA ...thank you FCPA Professor for organizing!  In memory of my mom..who passed 9 years ago today!

more...
No comment yet.
Rescooped by D Michael Brown from The FCPA News Wire - Edited by Mike Kenealy
Scoop.it!

Reconciling Sales Strategy With FCPA Compliance

Reconciling Sales Strategy With FCPA Compliance | FCPA Due Diligence Investigations | Scoop.it
Richard Bistrong and Alison Taylor shed light on how the Foreign Corrupt Practices Act (FCPA) might be mitigated and addressed on the international front line.

Via @MikeKenealy
D Michael Brown's insight:

Follow the money - that also means how the money enters yours sales funnel!

more...
No comment yet.
Rescooped by D Michael Brown from Governance and Boards
Scoop.it!

Composition and compensation of Canadian Boards of Directors

Composition and compensation of Canadian Boards of Directors | FCPA Due Diligence Investigations | Scoop.it
The composition of boards of directors is a key factor for effective boardroom dynamics. The ability to respond efficiently to the challenges faced by directors depends particularly on the right combination of experiences, skills and personalities on the board.

Via Leading Boards
D Michael Brown's insight:

Board Competency will become a critical issue moving forward...

more...
No comment yet.
Rescooped by D Michael Brown from The FCPA News Wire - Edited by Mike Kenealy
Scoop.it!

Will you have AML transitional arrangements in place by 1 November 2014? | Lexology

Will you have AML transitional arrangements in place by 1 November 2014? | Lexology | FCPA Due Diligence Investigations | Scoop.it
On 1 June 2014, new customer due diligence requirements were introduced to amend the Anti-Money Laundering and Counter Terrorism Financing Rules…

Via @MikeKenealy
D Michael Brown's insight:

11/1/2014 is coming quickly...KYC is changing requirements....nice simple summation!

more...
No comment yet.
Rescooped by D Michael Brown from The FCPA News Wire - Edited by Mike Kenealy
Scoop.it!

Corporate Secretary | FCPA enforcement distorts intent of law, expert says

Corporate Secretary | FCPA enforcement distorts intent of law, expert says | FCPA Due Diligence Investigations | Scoop.it

Current enforcement practices of the Foreign Corrupt Practices Act are distorting the legal process and reducing the effectiveness of the law, a legal expert told a high-powered group of Washington attorneys last week.


Via @MikeKenealy
D Michael Brown's insight:

Will need to watch this development!

more...
No comment yet.
Scooped by D Michael Brown
Scoop.it!

US Banks, Activists Clash Over Due Diligence Proposal - Wall Street Journal (blog)

US Banks, Activists Clash Over Due Diligence Proposal - Wall Street Journal (blog) | FCPA Due Diligence Investigations | Scoop.it
Activists clashed with banks in comments to an arm of the U.S. Treasury Department on a proposed rule concerning customer due diligence about whether it should apply to existing customers.
D Michael Brown's insight:

This is going to be fun to watch!  Of course due diligence should be applied continuously....suggestions change drastically...year over year!

more...
No comment yet.
Scooped by D Michael Brown
Scoop.it!

Bribery in international business - OECD

Bribery in international business - OECD | FCPA Due Diligence Investigations | Scoop.it
This initiative works to help African countries in their fight against bribery of public officials in business transactions and to improve corporate integrity and accountability
D Michael Brown's insight:

Transparency....

more...
No comment yet.
Rescooped by D Michael Brown from Corruption, Bribery, Tax and Crime, Illicit Financial Flows, Crime
Scoop.it!

Fifa refuse to make corruption investigation report public

Fifa chief Sepp Blatter has confirmed that the investigation report into the alleged corruption during the bidding process for the 2018 and 2022 World Cups will not be made public. Lee Wellings...

Via Dr Lendy Spires
D Michael Brown's insight:

FIFA is at it again! No transparency ....

more...
No comment yet.
Rescooped by D Michael Brown from The FCPA News Wire - Edited by Mike Kenealy
Scoop.it!

Standard Chartered’s AML lapses provide crucial lessons on internal controls

Standard Chartered’s AML lapses provide crucial lessons on internal controls | FCPA Due Diligence Investigations | Scoop.it
The BSA regulations require all financial institutions to monitor suspicious activity and issue reports on their ongoing monitoring.

Via @MikeKenealy
D Michael Brown's insight:

Due diligence once discovered....

more...
No comment yet.
Scooped by D Michael Brown
Scoop.it!

China Due Diligence: Just Ask - Above the Law

China Due Diligence: Just Ask - Above the Law | FCPA Due Diligence Investigations | Scoop.it
Above the Law China Due Diligence: Just Ask Above the Law Doing the above is not nearly enough due diligence for big deals, but it is a fast, relatively cheap way to get a much better sense about the Chinese company with whom you are thinking of...
D Michael Brown's insight:
MMm..why not do deep due diligence? Is a few thousand dollars not worth the effort? Seems silly to bypass deep due diligence
more...
No comment yet.
Scooped by D Michael Brown
Scoop.it!

Pharma Fights Foreign Corruption: Your Company and the U.S. Foreign Corrupt Practices Act

Pharma Fights Foreign Corruption: Your Company and the U.S. Foreign Corrupt Practices Act | FCPA Due Diligence Investigations | Scoop.it
Brett Johnson and Sarah Delaney | Snell & Wilmer On March 3, 2015, Andrew Ceresney, Director of the Securities and Exchange Commission’s Enforcement Division, spoke to the CBI Pharmaceutical Compliance Congress about the importance of industrRead ...
more...
No comment yet.
Scooped by D Michael Brown
Scoop.it!

AlixPartners Annual Global Anti-Corruption Survey | Survey of General Counsel and Compliance Officers

AlixPartners Annual Global Anti-Corruption Survey | Survey of General Counsel and Compliance Officers | FCPA Due Diligence Investigations | Scoop.it
Although many companies have increased efforts to adopt compliance measures aimed at preventing corrupt activities, bribery and corruption risks continue to pose both competitive and regulatory threats to businesses.
D Michael Brown's insight:

I'm stunned ..Corporations still don't get it for doing continued investigative due diligence...almost HALF!

more...
D Michael Brown's comment, February 10, 2015 11:53 AM
This report is 1 year old...but it's still stunning! Has it been updated?
Rescooped by D Michael Brown from The FCPA News Wire - Edited by Mike Kenealy
Scoop.it!

Watch Your Languages in International Compliance

Watch Your Languages in International Compliance | FCPA Due Diligence Investigations | Scoop.it
For in-house counsel, making sure the company isn't caught up in bribery and corruption overseas is difficult. Doing it in one or more foreign languages is e...

Via @MikeKenealy
D Michael Brown's insight:

Common sense isn't all that common! Merrill Brink offers common sense when it comes to language translation...

more...
No comment yet.
Rescooped by D Michael Brown from Anti-Corruption Enforcement and Compliance
Scoop.it!

Money Laundering Moving to Smaller Banks, Trade

Money Laundering Moving to Smaller Banks, Trade | FCPA Due Diligence Investigations | Scoop.it
Money laundering is increasingly being done outside of big banks as those institutions tighten their controls, law-enforcement officials said.

Via John Boscariol
D Michael Brown's insight:

This is an interesting trend for "money laundering" ...however...in the community banks I've worked with in the past..one's local reputation is critical to open and operate...maybe the midsize banks are the targets?

more...
Anatoly Yakorev's curator insight, January 14, 2015 12:47 PM

This is great because now the money goes where there's no expensive pesky compliance systems! Awesome!

Rescooped by D Michael Brown from The FCPA News Wire - Edited by Mike Kenealy
Scoop.it!

Compliance Lessons From Mom

Compliance Lessons From Mom | FCPA Due Diligence Investigations | Scoop.it
Ed. Note-the below post was on the site, thefraudguy.com, which is hosted by John Hanson. I found it so moving I asked John if I could repost on my site, which he graciously allowed me to do.  ----...

Via @MikeKenealy
D Michael Brown's insight:

Thanks guys for telling the story!  And yes, it hit me hard as well!

more...
No comment yet.
Rescooped by D Michael Brown from The FCPA News Wire - Edited by Mike Kenealy
Scoop.it!

How to Conduct Due Diligence With the FCPA in Mind

How to Conduct Due Diligence With the FCPA in Mind | FCPA Due Diligence Investigations | Scoop.it
It is essential to develop a due diligence framework that ensures a consistent approach to the factors that must be assessed and the judgments that must be m...

Via @MikeKenealy
D Michael Brown's insight:

I might add ...hire investigative due diligence firms with nearly 30 years of experience! 

more...
No comment yet.
Rescooped by D Michael Brown from The FCPA News Wire - Edited by Mike Kenealy
Scoop.it!

California woman charged with having and using cell phone spyware - The FCPA Blog

California woman charged with having and using cell phone spyware - The FCPA Blog | FCPA Due Diligence Investigations | Scoop.it

FinKristin Nyunt was charged last week with two counts of illegal wiretapping and having illegal inte...


Via @MikeKenealy
D Michael Brown's insight:

Finally back from a wonderful vacation!  This mobile cell phone spyware..might be one of the biggest threats I've seen for securing your intellectual property.

more...
No comment yet.
Scooped by D Michael Brown
Scoop.it!

Tribute to Jim McGrath | The FCPA News Wire

Tribute to Jim McGrath | The FCPA News Wire | FCPA Due Diligence Investigations | Scoop.it
Ed. Note-Jim McGrath died this week. He was a good friend and a trusted colleague. My thoughts are with his wife, sister and her family and his parents and the rest of us who were privileged to kn...
D Michael Brown's insight:

I am going to miss him..wish that I had gotten to know him better.

more...
No comment yet.
Scooped by D Michael Brown
Scoop.it!

The Value of IP Due Diligence - How Ocado Group's Muddle Offers Lessons - The C Suite

The Value of IP Due Diligence - How Ocado Group's Muddle Offers Lessons - The C Suite | FCPA Due Diligence Investigations | Scoop.it
Rather than just looking at IP due diligence as a further expense of marginal relevance, the recent plummet in the Ocado Group plc (LON:OCDO) share price can be taken as sharp reminder that this may be money well spent...
D Michael Brown's insight:

Why do people really believe that they are saving money ???

more...
No comment yet.
Scooped by D Michael Brown
Scoop.it!

As PayPal Spins Off, Apple Pay Signals New Era at Cash Register

As PayPal Spins Off, Apple Pay Signals New Era at Cash Register | FCPA Due Diligence Investigations | Scoop.it
The swift reaction by companies in the weeks since Apple Pay was unveiled makes clear that how we normally pay for goods and services is ripe for transformation.
D Michael Brown's insight:

This is going to need to be watched closely!

more...
No comment yet.
Rescooped by D Michael Brown from Global Corruption
Scoop.it!

BRIBERY

BRIBERY | FCPA Due Diligence Investigations | Scoop.it

Via Jim Wesberry
D Michael Brown's insight:

Nice visualization of how Bribery hurts development.

more...
No comment yet.
Rescooped by D Michael Brown from Corruption
Scoop.it!

Global Anti-Corruption Legislation

Global Anti-Corruption Legislation | FCPA Due Diligence Investigations | Scoop.it
Global Anti-Corruption Legislation

Via Andre JACQUEMET - @globalBPA
D Michael Brown's insight:

Pretty neat map .....

more...
No comment yet.