The Globalization Of Anticorruption Enforcement And Risk.

Legal News & Analysis - Asia Pacific - Regulatory & Compliance

31 July, 2018

 

In part two of our two-part interview, John Arvanitis, Associate Managing Director for Compliance, Kroll, shares his views of the recent Kroll-Ethisphere Anti-Bribery & Corruption Benchmarking Report, with a focus on global enforcement, third-party risk, as well as the collection and ranking of risk data.  The complete report can be found here.

 

In this nineteen-minute interview, John focuses on:

 

  • The risk of anti-bribery and corruption risk due to increased regulatory enforcement and the prospect of new global regulations.
  • The continued perils associated with detecting third-party risk, particularly where third parties are providing incomplete or inaccurate on-boarding information.
  • The importance of on-going and interval monitoring.
  • Is the data being used by multinationals the ‘right’ data?
  • What should trigger on-going and/or interval monitoring?
  • How far down into the supply chain should we go in order to assess risk?
  • The need to refresh data to verify that it’s accurate.
  • The importance of risk-ranking, both in theory and in practice.
  • Using compliance programs as a pro-active tool to mitigate and assess risk.

 

For further information, please contact:

 

Richard Dailly Managing Director, Investigations And Disputes, Kroll Associates (S) Pte

rdailly@kroll.com