The State of Fraud Risk Management
Many organizations have faced significant disruptions and challenges during the global pandemic. Considering the impact of various sources of change on controls and processes that can affect an organization’s business model and risk profile, the working examined the fundamentals and arising challenges of effective fraud risk management in today’s climate. This exploration includes conversations about the current and goal states of fraud risk management programs at member organizations, how they map internal and external sources of risk to establish a baseline risk profile, and how they strive to embed culture throughout their business.
The report includes:
- Fraud risk management maturity
- Approaches working group members take to identify sources of external and internal risk
- Fraud risk management in times of crisis
- The role of culture in fraud risk management
Building the Business Case for Compliance technology
In this webinar, led by Lextegrity, leaders from ABB, Endeavor, and FedEx, showcase how their companies are adapting compliance technology and share insights on building the business case for compliance technology. The panel engages in a robust discussion that gets to the bits and bytes of their ethics and compliance technology initiatives and how they have built their own roadmaps for advancing their programs through technology.
A Human-Centric Approach to Compliance Program Maturity
Increasingly, companies are turning to new ways to provide greater opportunities, from interventions and measurement, to directing employee actions and behavior toward ethical decision-making and actions in accord with compliance requirements. As organizations develop the components of their compliance programs, they should focus on the human behavior perspective. In the BELA Behavioral Science Working Group, in partnership with EY, leaders from 15 companies come together to create a report on utilizing a human-centric approach and behavioral science to mature compliance programs.
The report includes:
- How humans think, deal with ethical propensities, and interact with environmental influences
- Lessons learned from sales and marketing, along with environmental health and safety
- A program maturity model focused on prevention, detection, and response
Compliance Risks in Emerging Markets Series: Asia
BELA partnered with Baker McKenzie to facilitate a working group on Managing Risks in Emerging Markets. This guidance on compliance risks in Asia is the fourth summary to come out of the working group.
The guidance summary includes:
- Top compliance issues in Asia
- Barriers to working in the region
- Localization requirements for data and manufacturing
- Anti-money laundering
- Increased whistleblower activities
- The importance of third party due diligence
- ESG impacts
- Employment law challenges
- Countries with the highest risk
How a Focus on Enhanced Governance can Boost Corporate Integrity
In this webcast, leaders from EY and the BELA South Asia community discuss India-specific trends and findings from the 2022 EY Global Integrity Report.
Key data points from the 2022 EY Global Integrity Report show a widening gap between higher levels of integrity awareness and lowering standards, as well as between the confidence in integrity standards displayed by companies’ leadership ranks and their employees.