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Malfeasance is a risk facing virtually every business. Stakeholders are keen to hold companies to account if they fall short on implementing and enhancing appropriate controls to mitigate white-collar crime in its various forms.

Over the last 12 months, enforcement activity has focused on many of the same themes and priorities as in other years, with corrupt payments to third parties a key area of concern. This has been particularly striking in the post-pandemic landscape, where authorities in some countries have begun to see bribery and corruption as a core national security interest, and thus are redirecting considerable financial resources toward fighting white-collar crime.

In light of these developments, it is beholden on companies to ensure that their internal policies and processes are up to standard. Prevention is better than cure, and as such companies must improve their internal compliance procedures. Whistleblower reporting mechanisms should be in place, along with safeguards to protect individuals who raise concerns against retaliation. Investigations must be thorough and conducted without prejudice. Companies should also carry out due diligence on potential business partners and regularly review third-party relationships to check for red flags.

Against this backdrop, Financier Worldwide turns to some of the leading lights in their field, who share their stories…

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