When Visa Screening Backlogs Lead To Big Mistakes In Extreme Vetting Did you know someone who feels overworked can experience a 68% reduction in productivity? That’s a concerning statistic for any industry. When that industry is directly responsible for the safety of citizens, a reduction in productivity is a major problem. It’s something…
Minimizing Time Spent Identifying FCPA Compliance Risks And Maximizing Time Spent Mitigating Them A recent study found that 45% of respondents who handle risk compliance believe they spend too much time trying to locate issues. It certainly makes you wonder: If you spend all your time looking for risk, how much time to…
How Third Party Vendors Can Put You At Risk For FCPA Actions Hiring a third party to handle your overseas affairs doesn’t mitigate the risk of FCPA violations. In fact, it can make it worse. A recent court case, The US v. Bourke, showed us how bad a third-party relationship could go when not handled…
How The New Questionnaire Is Changing Visa Screening As part of his ongoing extreme vetting effort, President Trump recently rolled out a new supplementary questionnaire. While many have touted the questionnaire as invasive or overly burdensome, others believe it’s the key to limiting the risk that comes with visa programs. While these programs are…
FCPA Disgorgement and Restitution: The Impact of the Recent Supreme Court Decision The main reason that companies choose to participate in the FCPA’s voluntary disclosure program is because when they do, they can minimize their financial losses. FCPA disgorgement and restitution costs are always much higher than the fines that are levied. However, a…
How FCPA Enforcement Can Impact Overseas Clients It can take a long time for the Supreme Court to decide on something. It makes sense, since it’s the highest court in the US and it’s the one that sets the case law all the other courts must follow. The final decisions of the Court…
Understanding FINRA’s Fine Mitigation Program For Extraordinary Cooperation Most financial authorities in the US offer mitigation programs for firms that choose to cooperate with them, and FINRA is no exception. This is good news for firms that make a concentrated effort to keep their dealings ethical but sometimes are unable to control the…
What FINRA Sanction Updates Mean for Your Financial Firm If you’re in finance, then you probably know that FINRA has recently updated its guidance on sanctions. While a lot of it can be pretty dry reading, it’s necessary to understand so you can get your own compliance department on board. The new changes to…
Reducing Your Risk In Workers’ Compensation Cases With Better Triaging and RRA Workers compensation claims can bankrupt a company. I remember it nearly happening to an old acquaintance of mine. He ran a mid-size accounting firm that was very successful. Then, one of his employees slipped on the stairs and applied for workers’ comp.…
The DOJ FCPA Pilot Program: Best Practices, Benefits, and Risks of Cooperation In an ideal world, a company could simply disclose mistakes they have made that violated the FCPA, disgorge assets from the deal, and that would be the end of it. However, that’s not the case in today’s complex financial environment. It’s very…