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Robotic Process Automation for Risk and Compliance

Risk Management Magazine -

Robotic process automation (RPA), a new technology that uses software “robots” to mimic human behavior and automate certain business processes, has been trending across industries as a new way to drive cost efficiencies, and reduce manual efforts and remediation efforts. Because they have a relatively large amount of manual, repetitive processes, often governed by regulatory and audit requirements, banks, in particular, have been quicker to adopt the technology. The risk and compliance function, which is constantly grappling with meeting stricter compliances and tighter deadlines, has also started looking at RPA to increase efficiencies. There are, however, challenges to consider challenges when deciding to adopt efficiently leverage RPA.

Assessment and Qualification Criteria for RPA
RPA is best suited for processes which are low on exception, documented, manual and repetitive in nature. Generally, banks define or adopt an RPA assessment framework for choosing and identifying the right candidates for the technology. These accelerators are detail out the entire process, efforts involved and also the potential return on investments that will be realized after an RPA implementation.

Some of the key qualifying criteria are:

  • Rule based. In the near term, RPA is ideally suited for rule based tasks like copying and pasting data, comparing data, and moving data from one system to another system. Emerging cognitive RPA concepts incorporate machine-learning techniques.
  • Structured inputs. RPA can understand and process the structured data given in a particular format like Excel. Currently it is not advanced enough to understand unstructured inputs.
  • Low exceptions. RPA is most beneficial for standardized processes that have a minimal number of exceptions or variations.
  • Stability of the process and underlying applications. Stability of the underlying process and the applications are a key factor to be considered when implementing RPA systems.

Key Risk and Compliance Use Cases
Risk and compliance RPA adoption can be primarily seen in the areas of risk monitoring, risk controls and risk reporting. The specific use cases that are currently seeing a lot of RPA adoption across banks include:

  • AML alert investigation. Most aspects of the processes for researching and resolving anti-money laundering alerts are manual or semi-automated in nature and are therefore conducive for RPA.
  • KYC onboarding. During the know-your-customer onboarding process, connecting disparate data from many internal systems and external sources is a challenging task. This is another area where RPA can be effective. For example, these robots can collect and retrieve data from regulatory agencies such as the SEC and law enforcement agencies like the FBI and Interpol and support the onboarding process. Some banks have implemented RPA on KYC process like document gathering and validation.
  • Internal and external reporting. In many banks, the process of data gathering and creating internal and external regulatory reports is very manual in nature. Daily liquidity coverage reports and delinquency reports, for example, are often prepared manually in banks and can be automated through RPA.
  • Limit management. In the limit management process, the limit breaches or violations are reviewed and closed by risk officers. As the resolution involves manual assimilation of data from many sources and manual analysis to arrive at decisions, cognitive RPA solutions can help in the limit management process through the use of RPA for data assimilation and machine-learning techniques to help with the decision-making process.
  • Reconciliation. Reconciliations occur at many levels in banking and also form a key precursor in internal and external management information reporting. Most of the processes in the reconciliation process especially in the area of data gathering and preparation are manual in nature and are potential applications for RPA.
  • Stress testing. Comprehensive capital analysis and review (CCAR) stress testing processes involve the aggregation/netting of multiple lines of business revenue and expenses for reporting and forecasting. Line items in FRY 14 reports need to be forecasted based on the economic variables provided by the Federal Reserve. Most of the processes involved in reporting and forecasting are typically manual making a good candidate for RPA

Taking a Cautious Approach
While the expectations are high for RPA adoption in risk and compliance functions, there are certain uncertainties that are making banks tread with caution before fully adopting the technology. For example, the lack of formal or defined requirements from regulators on use of RPA technology for automation and the fact that many banks still have manual processes that are not very well documented or stable is a concern. In addition, many banks are still in the process of putting in place an enterprise-wide RPA adoption and a governance framework.

In terms of current adoption levels, banks are still in early stages of RPA adoption, as the technology is still evolving. Current strategy is mostly revolving around implementation of point-based RPA solutions and this is expected to continue until the concept becomes stable with proven benefits for risk and compliance. Though banks are running large number of proof of concept scenarios, the conversion into actual production cases is only about 20%. Going forward, we expect banks to take a more measured approach. As point-based solutions will be effective only in the near term, integration with natural language processing techniques and machine-learning solutions will likely accelerate RPA adoption in the future.

New Podcast: Innovation in Compliance

FCPA Compliance & Ethics -

As the Compliance Evangelist, one of the most exciting things about practicing in the compliance space is the continual innovation I have seen since 2007. All parties to compliance, the regulators, corporations, services providers and vendors, continually innovate. Everyone has a role in this innovation process. Compliance itself has moved from a largely paper program, [...]

The post New Podcast: Innovation in Compliance appeared first on Compliance Report.

Europe Tops Most Livable Cities Index

BRINK News -

European cities dominate the 2018 Mercer Quality of Living City Survey. Three of the top five cities on the list are in Europe—Vienna, Zurich and Munich—with Auckland and Vancouver making up the remaining two. Vienna retained its first-place status for the ninth year in a row. The top cities in Asia and Latin America—Singapore and Montevideo—rank 25th and 77th.

The survey is conducted annually by Mercer to enable multinational companies and other organizations to compensate employees fairly when placing them on international assignments. In addition to data on relative quality of living, the survey contains hardship premium recommendations for more than 450 cities throughout the world.

A number of factors—ranging from political stability to the availability of food and consumer goods—determine quality of living in a modern city. Although cities in emerging markets have invested heavily in infrastructure and accommodations to attract foreign talent and business, Western cities remain dominant in terms of quality of life.

The Importance of Infrastructure

Over the past half-decade, a rash of global geopolitical events has exposed a slow drift toward nationalism, tribalism, and economic protectionism. Nevertheless, globalization still continues apace, requiring companies to be ready to attract the most talented global workers through attractive living standards.

“Organizations considering opening an office in a new location should make a short-, medium- and long-term assessment of the city’s infrastructure,” said Slagin Parakatil, principal at Mercer and global product owner for its Quality of Living research. “Decision-makers increasingly acknowledge that globalization is challenging cities to inform, innovate and compete to attract people and investments—the key to a city’s future.”

The Top Performers

Despite lingering uncertainty about the state of the European Union in the wake of Brexit, a wide range of European cities appears at the top of the Mercer ranking. Switzerland and Germany share six cities in the top 10: Zurich (2), Munich (3), Dusseldorf (6), Frankfurt (7), Geneva (8), and Basel (10). Munich jumped to 3rd place from 4th in Mercer’s 2017 survey on account of “a concerted effort to attract talent and businesses by continuously investing in high-tech infrastructure and promoting its cultural facilities,” according to the ranking.

Not all European cities went up in the rankings. Stockholm dropped three places to 23rd as a result of the April 7 terror attack; London was bumped down one spot to 41st as a result of “persistent issues with traffic congestion and air pollution.”

In North America, Canadian cities largely outrank cities in the U.S. Four Canadian cities—Vancouver (5), Toronto (16), Ottawa (19), and Montreal (21)—made the list above. San Francisco (30) is the United States’ highest-ranked city, followed by Boston (35), Honolulu (36), Seattle (44), and New York (45). Increasing crime rates caused Los Angeles (64) to drop six places.

In the Middle East, Dubai (74) continues to rank highest for quality of living, closely followed by Abu Dhabi (77), which climbed up two places. Only four other cities in the region made the top 100, including Muscat (70), Tel Aviv (87), Manama (93), and Kuwait City (99).

In Asia, Singapore remains the highest ranking city in 25th place. Five Japanese cities performed well: Tokyo (50), Kobe (50), Yokohama (55), Osaka (59), and Nagoya (64). Other notable cities in Asia include Hong Kong (71), Seoul (79), Taipei (84), Shanghai (103), and Beijing (119).

Political Instability Drags Down the Poor Performers

Issues including political instability, poverty, and extreme climate pushed a number of cities across the Middle East, Africa, and South America to the bottom of the rankings. Damascus (225), Sana’a (229) and Baghdad (231) are the three lowest ranked cities in the Middle East, with Baghdad occupying last place on the list at large. Bangui (230) and Port-au-Prince (228) are the lowest-ranked cities in Africa and South America, respectively.

Learning from the strengths and weaknesses of the cities in Mercer’s survey could provide a blueprint for finding talent in an increasingly international world. “Attracting and retaining the right talent is set to be one of the key challenges for businesses over the next five years,” said Ilya Bonic, senior partner and president of Mercer’s Career business.

“An increasingly diverse workforce is both more mobile and digital with highly diverging requirements and aspirations in terms of career, lifestyle and ultimately where and how they want to work. Companies need to consider these factors in their value proposition to both their local and their expatriate employees.”

The full survey is available here.

More than three-quarters of businesses lack a formal cyber security incident response plan

Continuity Central.Com -

IBM Security has published the results of a global study exploring the factors and challenges of being a cyber resilient organization. The study was conducted by Ponemon Institute and sponsored by IBM and found that 77 percent of respondents admit they do not have a formal cyber security incident response plan (CSIRP) applied consistently across their organization.

First FCPA Action of 2018: Elbit Imaging

Corruption, Crime & Compliance Blog -

No one needs to be reminded about the importance of anti-corruption compliance.  For global companies, anti-corruption risks are amongst the top 3 risks identified by corporate leaders.

Global companies face a growing network of international anti-corruption law enforcement agents and prosecutors who are coordinating and sharing intelligence.  The globalization of anti-corruption enforcement has increased significantly the risk of detection and prosecution.  While the Justice Department and the SEC continue to drive global enforcement, other countries are increasing their enforcement efforts.

Just to remind every one of the threat of enforcement, the SEC announced its first enforcement action against Elbit Imaging, an Israeli company.  Elbit agreed to a $500,000 civil penalty and an SEC administrative settlement.

The SEC’s enforcement action is an important reminder of the importance of adhering to internal controls, conducting third-party due diligence, following accounts payable controls, and contracting/payment authorizations.  The SEC’s ability to hold companies accountable for circumventing internal controls is a powerful enforcement tool, and the Elbit Engineering case is yet another example of the SEC’s use of this tool against global companies.

The SEC’s Order does not allege that Elbit paid bribes to a foreign official.  To the contrary, the SEC’s discussion of the facts concludes with the fact that the undocumented and unverified payments may have been used for bribery payments to Romanian government officials.

The facts of the case are instructive.  Elbit’s shares trade on NASDQ.  Plaza Centers is an indirect subsidiary based in the Netherlands.  Plaza is an international real estate developer of shopping and entertainment centers.

The enforcement action centers on the activities of the former CEO of Elbit and Executive Director of Plaza, and a large real estate development project in Bucharest, Romania, the Casa Radio Project.  Going back to 2006, Plaza retained a consultant to value the development project and learned that the project was very lucrative.  Five years later, at the direction of the former Elbit CEO, Plaza retained a consultant to assist Plaza in securing approvals to construct the project and to increase its ownership interest in the project with the Romanian government.    Plaza performed no due diligence on either the 2006 or the 2011 consultants.

Plaza had no documentation or evidence that the two consultants performed any work to assist in the project.  Neither consultant attended any meetings or provided any reports relating to their consulting engagements.   Nonetheless, between 2007 to 2012, Plaza paid the consultants approximately $14 million.  Plaza’s top officers approved the payments to these consultants without securing appropriate documentation of the services provided.

In October 2011, a joint venture, including Elbit and Plaza, which owned approximately 45 percent of the joint venture, sought to sell a portfolio of shopping centers.  Elibit and Plaza entered into a sales agency agreement (Agent A) to sell the portfolio.  Again, no due diligence was conducted of Agent A.  Elbit’s former CEO did not execute the contract in accordance with Elbit’s authorization policies.  Sales Agent A was to receive a 0.9 percent commission.  Unknown to Elibit and Regency, Sales Agent A retained a sub-Agent B, which was beneficially owned by the former Elbit CEO, and was to be paid a 0.88 percent commission.  The former CEO never disclosed his indirect beneficial ownership interest.

Months before entering the sales agent A contract, the joint venture retained a financial institution to provide virtually the same services as Sales Agent A was supposed to provide.  Sales Agent A and Agent B provided no financial services pursuant to their respective contracts.

On June 21, 2012, Elbit announced the sale of the real estate portfolio for $1.428 billion.  Sales Agent A was paid $13 million for no documented services.  Agent A then paid $12.75 million to Agent B, which was owned by the former Elbit CEO.

In total, Elbit paid a total of $27 million to the 2006 consultant, the 2011 consultant and Sales Agent A, notwithstanding the fact that there was no documentation of any services provided by these consultants.

The SEC settlement cites several specific failures in Elbit’s internal controls: (1) the absence of any documentation or records relating to the accounts payable process; (2) the legal department’s limited involvement and supervision of the contracts; (3) absence of policies and procedures to detect corruption risks; and (4) inadequate training to employees on anti-corruption issues.

The post First FCPA Action of 2018: Elbit Imaging appeared first on Corruption, Crime & Compliance.

Global Workplace Survey: U.S. Rates of Reported Misconduct Sets National Record; Retaliation Has Doubled

Corporate Compliance Insights -

Arlington, VA (March 19, 2018) – Reporting of suspected wrongdoing in organizations nationally has reached a historic high, while rates of retaliation for reporting of suspected wrongdoing have doubled in the last two years, according to the Ethics & Compliance Initiative’s (ECI) Global Business Ethics Survey (GBES). Sixty-nine percent of employees said they reported the misconduct The post Global Workplace Survey: U.S. Rates of Reported Misconduct Sets National Record; Retaliation Has Doubled appeared first on Corporate Compliance Insights.

(This is only a summary. Click on the headline to view the entire article at Corporate Compliance Insights and participate in the discussion.)

Donna Gudridge named Client Program Manager – NAM at Sekura Global

Loss Prevention Media -

Sekura Global is pleased to announce the appointment of Donna Gudridge as the company’s new Client Program Manager – NAM.

Donna has had 15 award winning-years working with top Loss Prevention professionals from across the USA. She has an expansive knowledge of retail and a history of helping retailers improve their ROI with time saving and effective processes.

Carina Lewis, Sekura’s VP of Global Sales, said: “I am extremely happy to have Donna on our team, and look forward to working with her to develop new complimentary training services for our customers that will have notable benefits for their businesses.”

When asked about her new position, Donna said: “I am very excited to be a part of Sekura Global’s expansion in the US. My focus will be on supporting that effort, and doing what I do best: enhancing training practices, designing programs that build efficiencies and ensure compliance, while helping reduce our customers’ labor costs.”

Donna is already well known throughout the industry for delivering innovative and effective programs, proven to help retailers reduce their shrink while maximizing their ROI; all values that Sekura Global champions.

Donna said: “One thing that enticed me to make this move to Sekura was the company’s reputation for really listening to customers and reacting quickly for them. We can turn around a prototype in less than three weeks – that’s practically unheard of in this business!”

“Sekura’s product line is also very exciting; the Self Retracting BoxGrip is one of the most effective and efficient products I have ever seen – it’s a real labor time saver!”

Russell Napthine, Director of Sekura Global, said: “At Sekura we are always focused on helping our customers save loss and save time; Donna is well qualified to help us keep achieving this goal. We are certain that she will add value, both for Sekura and for our customers, and we are very glad to have her on board.”

The post Donna Gudridge named Client Program Manager – NAM at Sekura Global appeared first on LPM.

FIU Bridge Collapse Brings Up Design, Safety Concerns

Risk Management Monitor -

Munilla Construction Management rendering of the completed FIU pedestrian bridge.

The 950-ton section of a pedestrian bridge’s collapse at Florida International University (FIU) that claimed six lives on March 15 has put stakeholders, design and installation firms under intense scrutiny. After months of preparation, the 174-foot span had been installed on March 10, and investigators and authorities are trying to establish if negligence played a part in the tragedy on SW 8th Street on FIU’s Modesto A. Maidique Campus.

The bridge was constructed off-site and relocated using Accelerated Bridge Construction (ABC), a popular (and usually successful) industry method that aims to reduce potential risks to workers, commuters and pedestrians and minimize traffic interruptions. According to FIU, the bridge should have been a record-setter; on March 10, the University claimed it was “the largest pedestrian bridge moved via Self-Propelled Modular Transportation in U.S. history.” It was also poised to be the first in the world to be constructed entirely of self-cleaning concrete, which would have ultimately reduced maintenance costs.

Munilla Construction Management (MCM) was the Miami-based construction firm hired by FIU to manage and construct the FIU-Sweetwater UniversityCity Bridge, which jointly worked with design firm FIGG Engineering-Bridge Group. Barnhart Crane and Rigging operated the Self-Propelled Modular Transporters that placed the bridge on its permanent supports, and engineering firm BDI was subcontracted to conduct monitoring while the bridge was moved into place.

It was expected that the footbridge would be completed and operational in early 2019 and would also have served as a study and gathering space for students. The $14.2 million project was funded by Florida Department of Transportation, FIU and the City of Sweetwater, U.S. Department of Transportation (DOT) TIGER Grant, but the blame shifting has already begun. The Miami Herald reported:

…the project required “an independent, secondary design check,” and the design team, FIGG Bridge Engineers, hired another engineering firm, Louis Berger. That firm “was not FDOT pre-qualified for this service, which is required under FIU’s agreement with the state. FIU’s design build team is responsible for selecting a pre-qualified firm and ensuring this process is followed.”

The main span of the FIU-Sweetwater UniversityCity Bridge was installed in a few hours with limited disruption to traffic over the preceding weekend. FIU stated that on the morning of the collapse that MCM and FIGG met to discuss a crack on the on the structure, but ultimately concluded that “there were no safety concerns and the crack did not compromise the structural integrity of the bridge. This meeting lasted approximately two hours and included FIU and FDOT representatives.”

FIU added an FAQ page to its website in the aftermath of the collapse. It clarifies that FIU did not yet own the bridge “because it was still under construction” and names the key stakeholders, but does not yet reveal what was happening at the time of the collapse “because it still does not yet have the information.” The DOT stated that Secretary Elaine L. Chao dispatched Federal Highway Administration professional staff to the site to support the National Transportation Safety Board’s (NTSB) investigation.

An insightful article published by Wired explains the ABC process and looks at other incidents, noting that in this case the collapse could stem from design flaws and possibly loose cables burdened by the weight of the bridge.

Sr. Director of Internal Audit (Dallas, TX)

Corporate Compliance Insights -

Job description The Sr. Director of Internal Audit/Quality Assurance/Vendor Management/Customer Service provides strategic, operational, and staff direction. Strategic, Operational, and Staff Direction  Select and lead the team who is responsible for the work of the department(s) Ensure high levels of staff communication, engagement, productivity, training, development, recognition, motivation, and commitment within the department Take initiative The post Sr. Director of Internal Audit (Dallas, TX) appeared first on Corporate Compliance Insights.

(This is only a summary. Click on the headline to view the entire article at Corporate Compliance Insights and participate in the discussion.)

Interview and Interrogation Training: Telling a Personal Story

Loss Prevention Media -

This week’s International Association of Interviewers interview and interrogation training tip provided by Wicklander-Zulawski, has Chris Norris, CFI, director of WZ Europe and International Training, talking about the use of personal stories when conducting interviews and rationalizing with individuals.

When it comes to rationalizing, the first thing to remember is that we rationalize the motive and not the act. Therefore, when we share personal stories, what we’re going to do is share stories about how we understand how people, at times, can make bad decisions.

The use of personal stories can go a long way. In fact, it’s my preferred method and fits very well in my interviewing style when I sit down with someone.

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Let me tell you what I mean. These are some of the benefits of sharing a personal story:

  • There’s a greater sense of reciprocity. When I open up and present a bit of myself to you, perhaps even regarding bad decisions I’ve made, then that encourages you to share a bit of yourself.
  • It creates a greater sense of empathy. Sitting down and saying to someone, “Hey, I know what you’re going through,” may not go very far. But when you present a personal story of a tough decision (a bad decision) that you’ve made, then the individual gets a sense that perhaps you do understand.
  • You’re putting yourself in a position of being non-judgmental. This is the most important benefit of sharing a personal story. When I share a personal story, I’m able to share my human side. I’m able to show that I, too, am fallible and that I’ve made some bad decisions. That I understand and have dealt with peer pressure. I know what it’s like to look at a bill and wonder “How are we going to make it work?” I understand desperation.

Putting yourself in a position of being a bit vulnerable, sharing that human side, and and being non-judgmental by sharing personal stories can go a long way towards getting the truth from someone during your interviews.


Every loss prevention investigator should strive to enhance their investigative interviewing skills as part of an ongoing commitment to best-in-class interviewing performance. This includes holding ourselves to an elite standard of interview and interrogation training that is ethical, moral and legal while demanding excellence in the pursuit of the truth. The International Association of Interviewers (IAI) and Wicklander-Zulawski (WZ) provide interview and interrogation training programs and additional guidance to investigators when dealing with dishonest employees, employee theft, sexual harassment, policy violations, building rapport, pre-employment interviewing, lying, denials and obtaining a statement.

By focusing on the latest information and research from experts in the field as well as academia, legal and psychological resources, these video tips provide interview and interrogation training techniques that can enhance the skill sets of professionals with backgrounds in law enforcement, loss prevention, security, asset protection, human resources, auditors, or anyone looking to obtain the truth.

To learn more, visit or

The post Interview and Interrogation Training: Telling a Personal Story appeared first on LPM.

Ethisphere and CREATe Compliance Combine to Provide Global Companies with Expanded Services to Intelligently Address Key Risks, Promote Values-Based Leadership and Improve Performance

Ethisphere -

– The Ethisphere® Institute—a global leader in defining and advancing the standards of business practices—announces a combination with CREATe Compliance, an organization focused on enabling enterprises to better manage internal and third-party risks. Together the companies bring expanded expertise, data and services to enable global companies to benchmark and measure the maturity of their programs addressing top risks and incorporate leading practices to intelligently enhance performance.

“Companies today have a responsibility, and an opportunity, to raise the bar on corporate integrity and set a standard that inspires trust among customers, employees and shareholders. Ethisphere combining with CREATe Compliance brings together two complementary approaches to helping companies foster a stronger values-based leadership and the robust and effective programs to back it up,” said Brad Smith, President and Chief Legal Officer, Microsoft (pictured right).

“Our Business Ethics Leadership Alliance (BELA) community companies are leaders who are committed to advancing business integrity and performance. In this spirit, we are excited about combining with CREATe Compliance and expanding our platform to offer a range of innovative ways for global companies to address key issues, share leading practices and gain powerful guidance for decision-making,” said Tim Erblich, CEO of the Ethisphere Institute.

“Ethisphere has an unparalleled depth of benchmarking insights into corporate behavior. Combining our resources and capabilities to help companies and their third parties improve cybersecurity, anti-corruption, intellectual property and trade secret protection with the CREATe Leading Practices ‘measure and improve’ approach is simply a smart thing to do, not just for us, but for our respective client bases,” stated Pamela Passman, CEO of CREATe Compliance (pictured right).

“Working with CREATe Compliance during the past four years has enabled Grupo Bimbo to measure the maturity of our business practices, track improvements, and report the current state of our compliance programs to our C-suite, board and other stakeholders. Bringing CREATe Leading Practices together with Ethisphere’s data-driven insights, in particular the culture survey, provides a comprehensive view to intelligently enhance value and performance,” said Ignacio Stepancic Markaida, Compliance Director, Grupo Bimbo.

“We have a long relationship with Ethisphere and the Business Ethics Leadership Alliance and are delighted to see the combination with CREATe Compliance. Ultimately, we are hopeful the combination of Ethisphere and CREATe Compliance will help companies navigate the global landscape to drive value for customers, employees and shareholders,” said Sonny Cave, Executive Vice President, General Counsel, Corporate Secretary, Chief Risk Officer and Chief Compliance and Ethics Officer – ON Semiconductor.

Together, Ethisphere and CREATe Compliance will provide companies with the vision and resources to achieve transformational impact. This platform will include opportunities for companies to collaborate and define leading practices for top issues, access actionable performance data, and leverage CREATe Compliance expertise and services for benchmarking and improving programs in a consistent and comprehensive way.

Learn more: Join Ethisphere and CREATe Compliance in a webcast – Tapping Into Transformational Practices: Leading Insights on Measuring and Improving Company Performance – Register here

Full release available on BusinessWire.

About Ethisphere
The Ethisphere® Institute is the global leader in defining and advancing the standards of ethical business practices that fuel corporate character, marketplace trust, and business success. Ethisphere has deep expertise in measuring and defining core ethics standards using data-driven insights that help companies enhance corporate character. Ethisphere honors superior achievement through its World’s Most Ethical Companies® recognition program provides a community of industry experts with the Business Ethics Leadership Alliance (BELA), and showcases trends and best practices in ethics with Ethisphere Magazine. Ethisphere is also the leading provider of independent verification of corporate ethics and compliance programs, including Ethics Inside® Certification and Compliance Leader Verification™. More information about Ethisphere can be found at

About CREATe Compliance

CREATe Compliance helps companies to embed a cycle of monitoring, measurement and improvement to build and strengthen effective compliance and risk management programs through its CREATe Leading Practices services:

  • CREATe Leading Practices for Anti-Corruption
  • CREATe Leading Practices for Cybersecurity
  • CREATe Leading Practices for Trade Secret Protection
  • CREATe Leading Practices for IP Protection

This consistent “measure and improve” approach across key risk areas enables benchmarking and sharing across the global supply chain.


For CREATe Compliance
Anne Walker

For Ethisphere
Aarti Maharaj, 646-480-9715

Cultural Risks: SVDX & Rock Center

Corporate Governance -

Cultural Risks: As Advertised Cultural risks were the topic of a recent Rock Center / SVDX event. The spotlight often shines on cultural risks only after an organizational crisis or incident. But forward-looking leaders are shifting to a proactive approach to cultural risk management. Macro business issues—cost and regulatory pressures, digital disruption, cyber threats, talent shortages, […]

The post Cultural Risks: SVDX & Rock Center appeared first on Corporate Governance.

Breaking News in the Industry: March 19, 2018

Loss Prevention Media -

Police stop shoplifting spree [Viral Video]

Seattle, Washington, police arrested some thieves who they say were trying steal “in bulk” from Costco. Seattle police put an end to the shoplifting spree as dash cameras and body cams recorded. loss prevention associates recognized what was going on inside the Costco store and called police. The suspects were gathering up laptops and other items, preparing to escape out a fire exit. A getaway driver was waiting outside. Police got in position and waited until the would-be thieves came through the fire doors. Police arrested the 30-year-old man and 21-year-old woman. The 18-year-old getaway driver was also arrested. Investigators believe they hit a different Costco earlier the same day– -stealing more than $2,000 worth of electronics. LP associates told detectives they’d had run-ins with one of the suspects before and he’d had a knife with a seven-inch blade in his pocket. Officers say the suspect had the knife when he was arrested Wednesday, as well. He was booked for investigation of robbery, and the women were booked for investigation of theft. They were all taken to the King County Jail. [Source: KIRO7 News]

 Man arrested for allegedly robbing 4 fast food restaurants in 18-day span

A man has been arrested for allegedly robbing four fast food restaurants during a near three-week period in Prince George’s County, Maryland. Alan Michael Josey, 21, has been charged with several counts of commercial armed robbery and is being held without bond. The armed robberies took place on the 15700 block of Livingston Road in Accokeek (Feb. 22), the 9500 block of Livingston Road in Fort Washington (March 8), the 8900 block of Annapolis Road in Lanham (March 11), and the 5300 block of Marlboro Pike in District Heights (March 11). Police said all of the incidents were armed robberies.

There were no injuries in any of the incidents. Investigators say Josey is connected to a fifth robbery at a retail store in Anne Arundel County. On Monday, authorities said Josey and a woman were wanted for robbing a fast food restaurant in Accokeek. The two walked into the restaurant, and police said he confronted an employee, pulled out a gun and demanded money. The woman reportedly acted as a lookout during the incident. Police said after the robbery they left the restaurant in a White Nissan Altima with D.C. license plates. [Source: WJLA News]

Police searching for women accused of shoplifting 17 pairs of shoes with kids

In Oklahoma City, Police are searching for three women accused of shoplifting 17 pairs of shoes while with children in the northwest side. On Wednesday, photos were released of the women believed to have been involved in the grand larceny Sunday evening at Shoe Carnival in the 1700 block of Belle Isle Boulevard. The shoes cost more than $1,000 altogether. “To make matters worse, they had small children with them,” police said.

According to a police report, the women first went to a register with 22 pairs of shoes, a soft drink and a Reese’s Snack Mix. A clerk began to ring up and bag the shoes when the women and kids began grabbing the bags and walking out of the store before paying. According to the report, the clerk alerted a manager and one of the women told the employees her husband was in the back picking out another pair of shoes and would momentarily pay for everything. The women and kids then left the store with the 17 pairs and the snack mix. The manager told police five pairs of shoes were left at the counter. He believed the women parked far from the store in order to not be seen leaving. If  you have any information, contact Crime Stoppers by calling 405-235-7300 or submitting a tip online. You can remain anonymous and may earn a cash reward.  [Source: Oklahoma’s News 4]

Parking lot meth lab busted after shoplifter pursuit

In Tennessee, three people were arrested Tuesday afternoon in the Dickson Walmart parking lot when the pursuit of a shoplifter led to a vehicle containing meth-making materials, according to authorities. Thomas Seitz, 52; Genifer Pevahouse, 42, and Larry Terlecki, 45, were all arrested for shoplifting as well as charges for possession of drugs and drug paraphernalia. Seitz was also charged with possession of a weapon by a convicted felon. Pevahouse was also charged with resisting arrest and possession of a weapon during the commission of a felony. Terlecki faces additional charges for a warrant for his arrest for domestic assault. Once the three were caught shoplifting, law enforcement received permission search the car and discovered the meth lab inside, said Dickson police. The 23rd Judicial District Drug Task Force and and Tennessee Dangerous Drugs Task Force were alerted and and arrive to assist with the investigation. [Source: Tennessean]

Employee accused of stealing more than 1,000 iPads ordered into federal custody

A judge Thursday ruled a former Gary, Indiana, employee who allegedly used city funds to buy more than 1,000 Apple iPads must go into federal custody for a competency evaluation. Judge Philip Simon ordered that Monique Bowling-Boyd self-report to federal custody to see if she’s able to stand trial for charges of theft. Simon said it’s important to get the case moving along, and an evaluation will be able to determine if Bowling-Boyd is not competent to stand trial or malingering. “We need an expert to suss that out for us,” Simon said. Bowling-Boyd’s attorney initially sought an outpatient evaluation but Thursday agreed that it would be best done in a facility.

Prosecutors allege that Bowling-Boyd, then Gary’s head of IT services, bought more than 1,000 iPads and other computer equipment, valued in excess of $5,000, according to court documents. The additional charges allege that Bowling-Boyd participated in a scheme to cash pension checks from a dead man, according to court documents, and used the deceased man’s identification card to cash or deposit the checks. Bowling-Boyd’s attorney sought a competency evaluation earlier in January, according to court documents, and Schlesinger said that since he began working on the case in September 2017, she was unable to speak during an interview with him and still has not spoken to him. [Source: Post Tribune]

Cop’s hunch leads to suspect in widespread credit-data theft

A California man, who attracted attention when he looked away from a Cinnaminson, New Jersey, police officer, received a three-year jail term Wednesday for his role in a massive conspiracy to steal credit cards. Angel Angulo, 28, took part in a scheme that used wireless devices to steal customer information during purchases with credit and debit cards at about 80 Michaels’s stores in 19 states, according to the U.S. Attorney’s Office for New Jersey. Ring members used the stolen data to create counterfeit cards, then withdrew money from the victims’ bank accounts, the federal prosecutor’s office said. Angulo and an alleged accomplice, Crystal Banuelos of Bloomington, California, had 179 counterfeit cards and about $13,000 when they were arrested in May 2011. They allegedly made withdrawals from ATMs in April and May 2011. The Californians were arrested after Cinnaminson police officer F.D. “Don” Rock noticed Banuelos lingering in a car at a stop sign near a bank. He then saw Angulo walking near the bank’s ATM, wearing dark sunglasses on a cloudy day. The suspects, who both avoided Rock’s gaze, were arrested minutes later after stopping at a Route 130 gas station. The Riverside, California, man previously pleaded guilty in federal court, Camden, to conspiring to commit bank fraud and aggravated identity theft. Angulo also must pay restitution of $480,300 under a sentence imposed by US District Judge Joseph Rodriguez. Banuelos awaits sentencing after pleading guilty to the same charges.  [Source: Courier Post]

The post Breaking News in the Industry: March 19, 2018 appeared first on LPM.

NBA Team Takes Big First Step Amid Turmoil

The Compliance & Ethics Blog -

By David D. Dodge Following an explosive story in Sports Illustrated (SI) about the corrosive culture of the Dallas Mavericks front office, the Mavs announced their search to fill a new position, Chief Ethics and Compliance Officer.  This move to create and fill a “compliance” officer position by a professional sports team in the […]

Jon Haidt Presents Keynote on "Maintaining Ethical Culture" at Global Ethics Summit 2018

Ethical Systems Blog -

In today's polarized political climate, it is even more important to know how to engage in constructive dialogue in order to advance mutual business interests and perpetuate a sustainable organizational culture of ethics and respect.

Addressing this head on, Ethical Systems co-founder Jonathan Haidt delivered a mid-day keynote entitled Maintaining Ethical Culture in a Political Whirlwind on day 1 at Ethisphere's Global Ethics Summit 2018.

Haidt's presentation focuses on the intersection of business ethics and political philosophy and the solutions he has identified throughout his tenure as a leading social scientist and business ethics professor at NYU's Stern of Business. After an introduction to the mission of Ethical Systems and the resources and research featured on our website, Haidt spotlights strategies from moral and social psychology and offers suggestions and solutions to strengthen mutual understanding in companies and groups.


Download the complete set of PDF slides from Jon Haidt's presentation.



We welcome your comments on how you can apply this knowledge in your organization.



Tags: Jon HaidtCultureethicsglobal ethics summitEthisphere

Advanced Strategies for Mitigating Bribery and Corruption Risks: Updating and Automating GMETH Management

Corruption, Crime & Compliance Blog -

Join me for a webinar sponsored by MyComplianceOffice on Wednesday, March 21 12 – 1pm ET.

Advanced Strategies for Mitigating Bribery and Corruption Risks Updating and Automating GMETH Management


Government anti-corruption prosecutors continue to focus on companies with weak and ineffectual anti-bribery compliance controls. A large number of foreign bribery schemes involve circumvention of gifts, meals, entertainment, travel, and hospitality procedures to carry out bribery schemes. In today’s global economy, companies are embracing integrated and automated solutions to manage expenses and mitigate Anti-bribery and corruption risks. Now is the time to update your program. Date: Wednesday March 21, 2018
Time: 12 – 1PM Eastern Time REGISTER HERE Join me to discusses Advanced strategies for Managing Anti-Bribery Compliance using automation to elevate your Gifts, Entertainment & Hospitality Program.

The post Advanced Strategies for Mitigating Bribery and Corruption Risks: Updating and Automating GMETH Management appeared first on Corruption, Crime & Compliance.


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