Compliance Insider

Issue 12 > Compliance Alerts

Uganda introduces whistleblowing phone app

Uganda has introduced an app to allow people to anonymously report information when they think that public funding for schools and hospitals is not reaching its intended destination. The Action for Transparency (A4T) app is being piloted by three Ugandan districts and was developed in Sweden.

Issue 12 > Compliance Alerts

Jamaican whistleblower legislation lauded by OECD

Jamaica’s 2011 Protected Disclosures Act is regarded by the Organisation for Economic Co-operation and Development (OECD) as one of the best pieces of whistleblowing legislation enacted by countries globally. Other countries ranked highly by the OECD for similar legislation include Australia, New Zealand, South Africa, South Korea, the United Kingdom and the United States.

Issue 12 > Compliance Alerts

Apple knew about hole before hackers stole celebrity photos

Apple knew about deficiencies in its iCloud security as early as March 2014 but failed to address the hole. The company was warned by a London-based software developer, who even made Apple aware of how he hacked iCloud, but nothing was done until hundreds of celebrities had private photographs stolen from their computers and distributed worldwide.

Issue 12 > Compliance Alerts

First active politician jailed for corruption in India

The popular chief minister of the Indian state of Tamil Nadu has been jailed for four years and banned from politics for 10. She was convicted for an 18 year-old corruption case, making her the first chief minister to be found guilty while still in office.

Issue 12 > Compliance Alerts

Changing of the guard as GSK rebuilds reputation

GlaxoSmithKline (GSK) has confirmed that Sir Philip Hampton will be the next chairman of the company as he leaves his role with the Royal Bank of Scotland (RBS). The appointment comes soon after the drug manufacturer was fined almost £300 million (US$491.5 million) by Chinese authorities amid an ongoing investigation into bribery.

Issue 12 > Compliance Alerts

EU issues final antitrust warning to Google

Google will face fines if it fails to make changes to allow competition to flourish. Complaints have mounted from competitors and pressure is being exerted by the European Union (EU).

Issue 12 > Compliance Alerts

Goldman Sachs denies bribing Gaddafi-era Libya fund

Goldman Sachs has denied the use of bribes to cultivate a strategic partnership with the Libyan Investment Authority (LIA) under former leader Colonel Muammar Gaddafi, despite admitting in court the use of training, internships, small gifts, occasional travel and entertainment. The investment bank was responding to a US$1 billion lawsuit filed by the LIA in January.

Issue 12 > Compliance Alerts

Compliance officers should make training fun

Compliance officers should be creative and implement fun ways to train employees on compliance if they wish to engage them in the subject. Barbara Harmon and Cynthia Morrison were speaking at the SCCE 2014 Compliance & Ethics Institute in Chicago, they gave some training ideas for officers to use in their companies.

Issue 12 > Compliance Alerts

See no evil, hear no evil

Recent research has shown that, when interviewing people, listening to what they are saying is a far better indicator of truthfulness or deceit than body language. Interviewing employees to determine misconduct is often the role of the compliance officer. However, myths around body language often lead to wrong conclusions being drawn.

Issue 12 > Compliance Alerts

Companies must educate themselves on their third parties

Although third parties represent the greatest risk for companies when conducting business in new jurisdictions, most companies are not aware of how many third parties they’re using or how they even qualified. That was the damning verdict of presenters at a pre-conference breakout session at the SCCE’s annual Compliance & Ethics Institute in Chicago.

Issue 12 > Compliance Alerts

Attitudes to compliance shaped by generational differences

In the modern office, four generations might be working together. With that comes a varied approach to compliance. Each generation has experienced different events during their respective lifespan, and these have shaped the way they approach ethical issues in the workplace.

Issue 12 > Compliance Alerts

Huawei executive rejects probe as routine

The chief executive of a Chinese telecommunications equipment manufacturer Huawei Technologies has confirmed a probe into bribery within his company, but dismissed it as a routine investigation into violations of its code of conduct.

Issue 12 > Spotlights

Considering cultural characteristics when implementing a compliance programme

Implementing a compliance programme entails transforming some of the ways things are done within an organisation. While effort is often put into training and communicating with staff, these often focus on changing behaviour rather than the cognitive process behind it. To ensure the compliance programme is deeply entrenched, resistance in the form of culturally learned behaviour must be identified and addressed. A good starting point for this is to learn from where others have failed in the past.

Issue 12 > Things To Think About™

Things to think about when conducting bespoke due diligence

It is easy to get confused between the many uses of the term ‘due diligence’. The concept of due diligence is whatever level of thoroughness is necessary to adequately address a risk. In the world of compliance (as opposed to the legal or financial worlds), due diligence tends to be the work that is carried out to help decide whether any particular activity can be done in a way that is consistent with a company’s standards. This might relate to whether a company should deal with a particular distributor, use a particular supplier, or many other topics – some of which occur regularly, others of which are less common.

Issue 12 > Country Focus

Colombia’s new approach to corruption

‘The answer is Colombia’ is the colourful motto of Marca Colombia, the organisation in charge of Colombia’s national branding. Marca Colombia’s official site contains all sorts of posts that celebrate Colombia’s most distinctive characteristics – including its impressive landmarks, its cultural heritage and even the latest information on their rising football star, James Rodriguez.