how to early detect corruption issues
TRANSCRIPT
![Page 1: How to early detect corruption issues](https://reader035.vdocuments.net/reader035/viewer/2022062320/55ce29e7bb61eb7f398b4680/html5/thumbnails/1.jpg)
How to Early Detect a Corruption Issue
Michele La Neve http://laneve.me
![Page 2: How to early detect corruption issues](https://reader035.vdocuments.net/reader035/viewer/2022062320/55ce29e7bb61eb7f398b4680/html5/thumbnails/2.jpg)
Being Proactive
• Based on practical experience, whenever there is a trace of misconduct in a company’s financial statements, it usually too late for being proactive.
• It is quintessential establishing internal controls and training to avoid such issues.
• Disclosing voluntarily any misconduct may be perceived favourably by the Court. (especially after having reported to the U.S. Attorney General, see FCPA)
Michele La Neve http://laneve.me
![Page 3: How to early detect corruption issues](https://reader035.vdocuments.net/reader035/viewer/2022062320/55ce29e7bb61eb7f398b4680/html5/thumbnails/3.jpg)
Whistle blowing program, a virtuous circle
Michele La Neve http://laneve.me
![Page 4: How to early detect corruption issues](https://reader035.vdocuments.net/reader035/viewer/2022062320/55ce29e7bb61eb7f398b4680/html5/thumbnails/4.jpg)
Training
Michele La Neve http://laneve.me
![Page 5: How to early detect corruption issues](https://reader035.vdocuments.net/reader035/viewer/2022062320/55ce29e7bb61eb7f398b4680/html5/thumbnails/5.jpg)
Cont’d
• Knowing local uses is usually very beneficial, especially while working in Countries with higher corruption levels; what locally is perceived as a business gift, might be considered a bribe by Domestic Authorities.
Michele La Neve http://laneve.me
![Page 6: How to early detect corruption issues](https://reader035.vdocuments.net/reader035/viewer/2022062320/55ce29e7bb61eb7f398b4680/html5/thumbnails/6.jpg)
Red Flags
Michele La Neve http://laneve.me
![Page 7: How to early detect corruption issues](https://reader035.vdocuments.net/reader035/viewer/2022062320/55ce29e7bb61eb7f398b4680/html5/thumbnails/7.jpg)
Risk Mitigation
• Nowadays hiding the payment of a bribe is becoming more and more difficult, besides legal provisions are severe; consequently, disclosing voluntarily any possible misconduct to the relevant authorities is an efficient way to mitigate risks.
Michele La Neve http://laneve.me