Putting Effective Anti-Corruption Compliance Programs into Practice: Technology and Data Considerations

Abstract

Global anti-corruption enforcement activity focuses on sanctioning organizations and individuals for violating anti-corruption laws. As part of the sentencing process, regulators have emphasized remediation efforts companies must undertake so that violations are proactively detected before they occur. For these purposes, companies have to institute and maintain effective compliance programs that evolve with changing laws and business conditions globally. Drawing from resolved enforcement actions and guidance provided by regulators, I examine best practices to achieve an effective compliance program. As an overarching point, I believe it is imperative for companies to leverage the most current technology solutions to implement an effective compliance program. I discuss the components and functionality of an integrated technology solution designed for anti-corruption compliance.