A recent whitepaper by Michael Rasmussen titled “Anti-Bribery & Corruption: The Good, The Bad, & The Ugly” discusses how over the past 18 months the sentiment at the DOJ has shifted from somewhat passive to a proactive approach of requiring multi-national companies to demonstrate they have process checks & balances in place to alert them to any Foreign Corrupt Practices Act (FCPA) event.
With this new direction from the DOJ and the expanding regulations, increased fines and sanctions around the world, today’s organizations need preventative and detective measures to monitor for corruption. A proactive compliance program that includes Transaction Monitoring demonstrates strong controls that can help shield a company from liability.
This paper discusses how transaction monitoring eases the anti-corruption compliance burden by delivering operational effectiveness, human and financial efficiency and agility to compliance processes by monitoring the transactions and the personnel that perform them, and detecting and preventing bribery, corruption and other types of fraud.
To learn more go to: http://bit.ly/OlSAUf