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How the ISO 37001 Standard Applies to Your Company

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Ethics and compliance being key words of the year, the ISO 37001:16 Anti-bribery Management System - Requirements with guidance for use (ISO 37001) is increasingly becoming a strong contender in business today. ISO 37001 provides companies around the world with practical guidance on "establishing, implementing, maintaining, reviewing and improving anti-bribery management systems". It reinforces ...
Released in October 2016, the ISO 37001 sets a global standard for business, outlining the elements expected of a good anti-bribery management system. This article explores the basic requirements of the ISO 37001 standard and why it’s relevant to your company. It also discusses the concept of reasonable and proportional requirements and the importance of thorough documentation.
Compliance officers are hearing more and more chatter these days about the European Union’s impending new General Data Protection Regulation, coming into effect in May 2018.
Avoiding the so-called ‘corporate death penalty’ that comes with the prosecution of Foreign Corrupt Practices Act (FCPA) violations by agreeing to settle charges outside the courts has increasingly become the preferred path to take for both companies and prosecuting authorities. Such agreements -- known as Non-Prosecution Agreements (NPAs) and Deferred Prosecution Agreements (DPAs) – represent ...

Beyond the FCPA

Under the Foreign Corrupt Practices Act (FCPA), foreign officials are excluded from prosecution. That’s because the FCPA is a supply-side statute: It criminalizes the person or company giving a bribe, but not the foreign officials taking those bribes. When U.S. Department of Justice (DOJ) prosecutors go after these bribe takers, they increasingly do so by applying other statutes, including the ...
Compliance officers woke up last week to news that the Trump Administration suspended plans for enhanced reporting of employee pay data: a rule originally proposed during the Obama Administration to expand form EEO-1.
Reporting and monitoring constitute the nervous system of compliance programs; they bring potential concerns about misconduct to the compliance officer’s attention. However, reporting and monitoring are also the most challenging parts of a compliance program to develop. This is mainly due to two factors.
For many companies, risk assessment is an annual process intended to provide a broad, objective view of the organization’s potential problems -- from operational and legal risks to safety and reputational risks. While useful as an annual baseline, a lot can happen in 12 months. For example, moving into a new emerging market could significantly change a company’s risk profile.
Communication problems, language differences, and above all, different laws: These are some of the obstacles compliance professionals face when conducting internal investigations across borders. In Part 1 of this blog series, we explored the rise of cross-border investigations and the unique issues they represent. In this article, we discuss six steps your compliance team can take to address ...
Having offices spread around the globe may indicate a strong international company, but conducting frequent business across jurisdictions also raises complications in terms of compliance. More and more companies are learning that, when internal investigations cross borders, they present specific difficulties that must be addressed by the compliance team.