All In a Week's Work: Corruption, Whistleblowers and More

Posted by Joe Gerard in Article on February 11th, 2011
You can probably guarantee that each week you’ll come across a news article about corporate corruption, compliance violations or other corporate legal woes. This week was no different. Here’s a roundup of various fraud, compliance and other news from the past week:

US SEC Gets More Whistleblower Tips

Author: Dave Clarke, Reuters

This week the Securities and Exchange Commission released a statement that the number of whistleblower tips received since the introduction of the Dodd-Frank Act have increased sharply. Before you go assuming that majority of these tips are hokey, the SEC sometimes receives 1-2 high quality tips each day. This information impressed me actually. The whistleblowers in these cases don’t just come from within an organization, but include competitors and as the article mentioned, “jilted spouses”.


High Tide: From An Alleged Corruption Suicide To Suu Kyi Requests For Sanctions Talks

Author: Samuel Rubenfeld, Corruption Currents (A Wall Street Journal Blog)

Each day the Wall Street Journal’s Corruption Currents blog pulls together a roundup of articles from the day that relate to corruption, bribery, whistleblowers and other related news. These posts are a great way to find breaking news fast – and in this particular post, Samuel Rubenfeld was kind enough to mention one of out posts about the cost of ethics and compliance.

‘Look Before You Leap’: FCPA, Anti-corruption Issues Straining Business Relationships

Author: Lucas Gilmore, In Audit

This article discusses the findings from Deloitte’s “Look Before You Leap” survey. In a time where regulations over the financial industry are probably stricter than they have ever been, Deloitte sends a message to these companies to do their homework before jumping into a business relationship. The report found that 63% of respondents claim that anti-corruption and FCPA issues have strained business relationships over the past 3 years. Integrity and reputation are becoming important decision making factors when it comes to mergers and other business activities. We also covered this survey in out blog post “It Doesn’t Pay to be a Corrupt Corporation“.

Joe Gerard
Joe Gerard

CEO, i-Sight

Spend my days showing off the i-Sight investigative case management software and finding ways to help clients improve their investigations. Usually working with corporate security, HR & employee relations, compliance and legal teams.

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