US Supreme Court Ruling should Spur Anti-corruption Efforts

The U.S. Supreme Court recently held protections in the International Organizations Immunities Act of 1945 against civil lawsuits in U.S. courts were not absolute. Instead, immunity granted to international organizations, including Multilateral Development Banks (MDBs), is no greater than that enjoyed by foreign governments under the Foreign Sovereign Immunities Act (FSIA).  

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Misconduct #1 Reason CEOs are Ousted

A 2019 study by Strategy&, the strategy consulting arm of PwC, found for the first time ever, more CEOs were forced out of their organizations for ethical lapses than for poor financial performance or conflicts with their Board.  

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Telefonica Brasil Case Underscores G&E Risks

TelefĂ´nica Brasil recently agreed to pay the U.S. Securities & Exchange Commission (SEC) more than $4 million to settle charges brought against the organization for allegedly violating the Foreign Corrupt Practices Act (FCPA). 

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Three Steps to an Effective COI Compliance Program

Chances are your organization has developed a conflict of interest (COI) policy. But does it have an effective COI compliance program in place? Can you demonstrate it to regulators? If the answer is no to either of those questions, there are three things you need to do now to satisfy regulators that you take COI prevention seriously.  

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MyComplianceOffice 9.0 with Deal Review Manager is here!

We're excited to announce the arrival ofMyComplianceOffice 9.0, the newest release of our easy-to-use online compliance solution. In addition to many new features and updates, 9.0 contains Deal Review Manager (DRM), a new module that helps firms manage deals/opportunities and the flow of any related Material Non-Public Information (MNPI). This new module allows users to review investment banking deals, evaluate potential conflicts, define the associated restrictions, as well as capture the compliance review for auditing, regulatory and reporting needs. It can also audit the communication by the control room/compliance review team to the deal team members, including required disclosures.

At MCO, we help companies, of all sizes, address Employee Compliance with affordable, easy to use, and integrated technology. From understanding employee transactions to gifts and entertainment activities - and everything in between, MyComplianceOffice 9.0 gives you the flexibility you need for today's complex regulatory requirements. 

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