Compliance Officers Struggling with Expanded Responsibilities and Liabilities

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The recent Munich Court Judgment against Neubürger (April 2014) has shown how the failure to address regulatory risks and comply with relevant laws exposes senior management to prosecution. As a result, legal counsel and compliance officers whose responsibility it is to report to, adequately inform and protect the board are increasingly challenged to answer to…

Anti-Corruption & Fraud – Weekly Industry News

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Comment: Australia must strike a higher note on anti-corruption, by Fleur Johns and David Hertzberg, Posted on SBS Australia’s anti-corruption legislative framework is meek compared to the US and the UK, with concerning implications for our global business dealings and diplomatic relations. Renewed claims before the Victorian Supreme Court that Leighton Holdings engaged in corrupt practices, allegedly…

Anti-Corruption & Fraud – Weekly Industry News

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Officials, others held in Poland over corruption, Posted on Boston.com WARSAW, Poland (AP) — Eighteen people including current and former state officials were detained in Poland on Tuesday on suspicion of large-scale corruption, investigators said. The detentions are a blow to the government of Prime Minister Donald Tusk, which is seeking to improve its image halfway…

Anti-Corruption & Fraud – Weekly Industry News

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UK Bribery Act, By Daniel Hunter, Posted on FreshBusinessThinking.com Only 17% of UK accountants believe the UK Bribery Act 2010 has given confidence to small and medium-sized businesses (SMBs) that they will not have to compete with or encounter corrupt business practices, a research report from ACCA (the Association of Chartered Certified Accountants) reveals today (Tuesday). Combating…