Welcome to a special 5-part podcast series sponsored by Diligent. Over this series, I will visit with Michael Parker, the Director of Advisory and Consulting Services; Stephanie Font, Director of the Optimizations Group; Kairi Isse, Managed Services Group Manager; Adam Bailey, Senior Vice President, Product Management and Alexander Cotoia, from the Volkov Law Group. In this Part 5, I visit with Alexander Cotoia, a Regulatory and Compliance Manager at the Volkov Law Group, to consider how recent FCPA enforcement actions point toward See more +
Welcome to a special 5-part podcast series sponsored by Diligent. Over this series, I will visit with Michael Parker, the Director of Advisory and Consulting Services; Stephanie Font, Director of the Optimizations Group; Kairi Isse, Managed Services Group Manager; Adam Bailey, Senior Vice President, Product Management and Alexander Cotoia, from the Volkov Law Group. In this Part 5, I visit with Alexander Cotoia, a Regulatory and Compliance Manager at the Volkov Law Group, to consider how recent FCPA enforcement actions point toward the use cases for a robust third-party risk management system.
In 2022, the overwhelming majority of FCPA-related enforcement actions involved third parties and required organizations to reprioritize third-party risk management. In this episode, we consider case studies involving ABB Limited, GOL Airlines, and Oracle, which all demonstrated the importance of understanding bribery and corruption schemes, making voluntary disclosures, and reassessing third-party risk management.
Key Highlights:
1. How can organizations reprioritize third-party risk management as a core compliance function?
2. What strategies can organizations use to avoid FCPA violations and maximize cooperation credit?
3. How can organizations effectively assess the risks posed by potential business partners? See less -
