MyComplianceOffice Blog

Many organizations look to auditors as their primary source of fraud detection. That’s a mistake according to the Association of Certified Fraud Examiners (ACFE). In 2018, an ACFE study found 53 percent of occupational fraud is identified by employees other than auditors. That’s compared  to just 15 percent detected by internal auditors and just 4 percent by external auditors.   

The U.S. Department of Justice (DOJ) relaxed its Foreign Corrupt Practices Act (FCPA) policy, better known as the “Yates Memo,” at the end of 2018. Previously, the DOJ required corporations provide all information on an employee’s potential misconduct to earn any cooperation credit during an investigation. The softened policy simply requires corporations identify individuals involved in potential misconduct to earn possible credit.

“He’s making a list, checking it twice. . .”

We believe it is a great time of year to recognize fellow professionals for their outstanding contributions to the field of compliance and risk in 2018.

Yesterday, we looked at some of the biggest fines of the year, or "The Naughty List". Today we look at some of the more positive events of the year, "The Nice List".

1) Conduct risk is typically associated with human misbehavior. 

Summer and 2018 are flying by! The DOJ has been busy with FCPA related enforcement and announcements. Catch up now with our Mid-year report.