January 25, 2022

Volume XII, Number 25

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January 24, 2022

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FCPA Compliance Practice Pointer: Using Data Analytics for Risk Assessment, Monitoring and Testing

As fluidity in the way we do business becomes the norm, adept compliance professionals capitalize on data analytics to gain a continuous view of FCPA risks rather than relying on an outdated snapshot that is increasingly disconnected from how the business works today. Analyzing data for trends and red flags helps you stay close to the business and monitor shifting risks.

Key Sources of Data:

  • Compliance Data: Third-Party Due Diligence, Inquiries and Approvals, Surveys and Questionnaires

  • Financial Data: High-Risk Expenditures

  • Historical Issues: Hotline Reports, Audit Findings, Investigations

If your organization is still developing its monitoring, testing, and risk assessment processes, consider launching a pilot program before rolling them out enterprise-wide. And remember that your processes must be individualized to match the risk profile of your business.

© 2022 Vedder PriceNational Law Review, Volume XI, Number 302
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About this Author

Elizabeth G. Silver Trade & Corporate Attorney Vedder Price Washington, DC
Shareholder

Elizabeth G. Silver is a Shareholder and a member of the firm’s International Trade & Compliance group and Corporate practice area in Washington, DC.

Ms. Silver is an experienced Foreign Corrupt Practices Act (FCPA), white collar criminal defense and corporate compliance attorney. She has significant experience in compliance with anti-bribery laws, anti-money laundering (AML), export controls, sanctions regulations, international criminal matters and complex business litigation. She advises multinational corporations, financial institutions and individuals on compliance with the...

202-312-3012
Catherine A. Johnson Attorney International Trade Vedder Price Law Firm Washington DC
Associate

Catherine A. Johnson is an Associate in Vedder Price’s Washington, DC office and a member of the firm’s International Trade & Compliance group.

Ms. Johnson focuses her practice on assisting clients with various international trade matters, including compliance with customs regulations, export control laws, U.S. sanctions laws and anti-corruption statutes like the U.S. Foreign Corrupt Practices Act (FCPA). She regularly helps companies and organizations conduct due diligence to assess their risk, identify potential areas of exposure, and...

202-312-3367
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