Author: Leas Bachatene Trying to identify the Ultimate Beneficial Owner (or UBO) of a third party can be challenging. Of course, knowing the identity of “The natural person(s) who ultimately owns or controls a customer and/or the natural person on whose behalf a transaction is being conducted”, should be the
Author: ethiXbase Executive Summary: The Coronavirus pandemic has put the global food supply chain under unprecedented strain. What are the long term implications? Protectionist measures adopted by some countries, transport issues, labor shortages and changing demand are causing disruption like never before, while continued delays and shortages threaten to bring
Author: Kevin Spiers The benefits of using technology to manage third-party risk are not lost on compliance professionals. When you consider the growing size, complexity and geographic diversity of companies’ third-party ecosystems, it’s easy to see why. 60% of organizations now work with more than 1,000 third parties and managing
Corporate compliance departments aren’t exactly deemed “new” anymore, yet many of them are still experiencing growing pains — and understandably. On top of international regulations constantly evolving, and recent increased enforcement, many corporations still see compliance departments as an aggravating, legally-required expense, rather than an untapped strategic asset. Numerous C-Suites
If you’re doing business in Brazil, you need to be taking these actions. The second largest retailer in the world stole headlines this past June. “For more than a decade,” The Washington Post describes, “Walmart executives were aware of problems with its anti-corruption programs at its foreign subsidiaries, including in Mexico, Brazil and
The US Department of Justice (DOJ) provides tangible insights. The newest DOJ guidelines for prosecutors in evaluating corporate compliance programmes were release in late April — and with them game-changing insights. While it can often feel as if corporate compliance departments teeter on unclear expectations and conflicting legal advice, this
Kicking off a year which calls for a renewed and intensified focus on compliance, ethiXbase participated in discussions at the Asian Compliance and Anti-Corruption Summit hosted by the European University Viadrina Frankfurt (Oder) and German-Southeast Asian Center of Excellence for Public Policy and Good Governance (CPG) in Bangkok last week.
ethiXbase looks back at some of the most significant anti-corruption developments across what has been a tumultuous 2016 – in particular an unprecedented volume of massive corruption scandals that have engulfed corporates and countries, some still widening with the end seemingly nowhere in sight. This presentation outlines our most read Ethical