Behavioral Compliance and Ethics

Most people know of behavioral ethics, an area of social science that illustrates how we are not as ethical as we think we are due to different cognitive biases. The field of behavioral compliance and ethics is lesser known. It attempts to use behavioral ethics insights to create and run more effective compliance programs. In a recent post on the FCPA blog, attorney Jim Kaplan offers some ways in which you can apply behavioral compliance and ethics to your corporate compliance program. 

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FCA on Personal Account Dealing Compliance

The Financial Conduct Authority (FCA) issued Market Watch 62 in October in which the regulator shared its concerns about personal account dealing (PAD), or rather when employees of an authorized firm trade for themselves rather than clients.  

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OECD Takes Aim at Japan's Anti-Bribery and Corruption Efforts

The Organization for Economic Cooperation and Development (OECD) Working Group on Bribery in International Transactions recently took aim at Japan’s efforts to combat bribery of foreign public officials.  

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Five Steps to an Effective Internal Compliance Committee

Almost every sizeable company likely has an internal audit committee in place. But many organizations have now recognized the valuable role an internal compliance committee can play as well. An internal compliance committee can help institute a culture of compliance and ensure an organization’s employees understand and perform their part in addressing critical regulatory requirements.   

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Measuring Compliance's Working Relationship with the Business

Many companies have conducted employee surveys to determine the ethical health of their organizations. They ask employees, for instance, has a culture of compliance been successfully integrated that starts with senior leadership setting the tone from the top? Are processes, systems and people in place to ensure compliance and prove it to regulators?  

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