Pharma giant Novartis AG agreed in 2016 to pay $25 million to settle charges that it violated the FCPA. The settlement represented the failure of compliance of the T&E policies and how these transactions were used to bribe healthcare providers.
| Jun 12, 2020
The latest update of DOJ’s Evaluation of Corporate Compliance Program guidance has pushed the envelope for automation of compliance software.
| Jun 09, 2020
The Department of Justice recently published a new version of its guidance on how it evaluates compliance programs when making corporate charging decisions. Here are the top 5 highlights from the guidance.
| Jun 05, 2020
Here are some of the key points of the program that Airbus would be required to adhere to after entering in a $4 billion global settlement of bribery-related charges with U.S., French, and UK prosecutors - the biggest ever FCPA enforcement.
| Feb 10, 2020
Sustainable long term moderation in T&E spend can come only from instituting a culture of fiscal prudence. Ensuring that checks and balances exist to cover 100% of expenditure is the first step in this process.
| Dec 19, 2019
Expense fraud is one of the most pervasive types of fraud in an organization. According to the Association of Certified Fraud Examiners (ACFE), 13.8 percent of fraud schemes involve expenses. The median loss for organizations is $30,000.
| Nov 21, 2019
Managers bring valuable context to business expenses and their inputs should very much be considered but this should be done at the point when expense policies are being designed allowing for customizations at the team level.
| Nov 14, 2019
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