Those seeking to abuse the system will find a way to do it, so it's imperative that companies implement strong internal controls and then continually strive to strengthen them further. Make no mistake, detecting and preventing FCPA violations takes discipline, but initiatives and activities undertaken with discipline generally pay off, don't they?
Bribery doesn't exist in a vacuum. In order for funds to change hands improperly, the bribing party needs access to those funds and a way to disguise how they're truly being used. Meaning: if there's fraud going on in your organization, internal controls are quite possibly lacking and your internal auditing system leaves something to be desired, ...
Earlier this month, the World Bank's Office of Suspension and Debarment released a report providing insights into its processes, from first learning of alleged fraud to conducting investigations and recommending sanctions. Matteson Ellis, FCPA expert and former staff at the Bank's Integrity Vice Presidency, walks us through the report's key findings.
Fraud in the health care industry is widespread these days, and no health care system or individual practitioner is impervious to investigation. The best protection against these time-consuming and expensive investigations is a strong compliance program. To avoid becoming a target, here's what you need to know - and do.
Independent pharmacies have their work cut out for them when it comes to remaining compliant with ever-changing industry regulations. The mom and pop shops known for their personal service are subject to the same standards as their big-box counterparts. Here’s a rundown of DEA red flags and preventive measures to avoid violations.
The actions of Edward Snowden have sparked a vigorous debate over the information-collecting measures of the U.S. intelligence and security communities.
The SEC likes to reorganize, refocus and re-energize. In the last 10 years, the SEC has continued to reinvent itself. Whether it has been effective or not is still up for questioning.
If an organization’s tone at the top could be measured and correlated with higher earnings and lower rates of financial reporting fraud... most directors would almost certainly want to assess that tone.
We have all heard the scams associated with Medicare and Medicaid beneficiaries being targeted for delivery of wheelchairs and other medical supplies that patients don’t need and their doctors didn’t order.
According to the Association of Certified Fraud Examiners, fraudulent use of purchase cards, or p-cards, is one of the most commonly occurring types of employee fraud, and a 2013 survey reveals that risk related to internal fraud and abuse is an area of highest concern.