Using Data in Compliance
Using Data in Compliance By Thomas Fox ,The Compliance Evangelist, Author The Department of Justice (DOJ) and Securities and Exchange Commission (SEC) have both made it clear that they expect companies to be more robust in their use of data analytics in compliance programs. This…
A Winter Billing Error and Compliance
A Winter Billing Error and Compliance By Thomas Fox ,The Compliance Evangelist, Author When will Technology replace Compliance Professionals? Never as all the evidence you need consider is a news item in which I was an active participant. The IT involved a $202,000+ billing notice…
Executives Acting in Bad Faith and the Role of the Board
“While the Company had a compliance program and a supporting control framework, they were not adequately implemented. Specifically, certain employees in some markets, some of whom were executives in those markets, acted in bad faith and knowingly failed to implement sufficient controls.”
Compliance Training Governance Committee
One issue not often considered by compliance professionals around compliance training is that of compliance training governance. How can your organization create a comprehensive compliance training program that covers its complete risk profile? A Compliance Training Governance Committee can help oversee all corporate training.
The Herbalife FCPA Enforcement Action
The Herbalife FCPA enforcement action demonstrates there are real incentives for companies to take advantage of these discounts and incentives the government is offering. Obviously the first is to step forward and self-disclose but even if that is not an option, then to extensively cooperate, investigate and remediate. It will pay huge benefits come settlement.