The question of where a compliance department should reside within the corporate configuration is getting significant attention by companies and commentators alike. Indeed, news reports over the past year have underscored the trend of elevating Chief Compliance Officers (“CCOs”) in the company hierarchy, creating separation between compliance and legal within…
SEC officials have expressed concern that companies are not properly identifying and disclosing material weaknesses in internal controls,…
Over the past weeks there has been a lively debate in Canada’s national newspaper, The Globe and Mail,…
We asked Mini vandePol (Head of the Baker & McKenzie Global and Asia-Pacific Compliance Practice Group) and Joanna Ludlam (Head of the Baker & McKenzie EMEA Compliance Practice Group) 10 questions about current compliance trends and developments. Here are their answers which every compliance professional should read attentively: Mini vandePol (Hong Kong)…
Effectively managing corporate compliance efforts in today’s regulatory environment–preventing corporate officers and employee from engaging in illegal practices,…
On April 26, 2015, a new law requiring companies to have compliance programs came into effect in Ukraine. …
On March 18, 2015, President Dilma Roussef signed Decree 8.420/2015, which regulates certain features of the Clean Companies Act. The highlights of Decree 8.420/2015 are available here. On April 7, 2015, the Office of the Federal Comptroller General (“CGU“), the body with authority to investigate and sanction illegal acts prohibited…
As regulators and prosecutors across many jurisdictions increasingly cooperate in cross-border anti-corruption enforcement efforts, the importance of an…
Various countries and their compliance-enforcing agencies request that companies have “adequate” compliance programs and organizations. But what does…
India poses high risks of corruption and money laundering for financial institutions operating in the country. To evaluate these risks, the authors recommend four key general steps combined with a number of India-specific considerations. Anti-corruption efforts, they suggest, require, among other things, a comprehensive knowledge and understanding of all customers…