WEBINAR: Q2 2019 Compliance, Risk, and Regulation Roundtable - - PowerPoint PPT Presentation

WEBINAR: Q2 2019 Compliance, Risk, and Regulation Roundtable Discussion

Featuring Tom Fox, Jonathan Marks, and Sean Freidlin July 17, 2019

Tom Fox

The Compliance Evangelist

• 35+ years of experience
• Leading expert on FCPA
• Published 16 books,

including The Compliance Handbook

• FCPA Compliance &

Ethics Blog

• Founder of Compliance

Podcast Network

Our Speakers Jonathan Marks

Partner at Baker Tilly

• 30+ years of experience

in global and complex corporate investigations and compliance matters

• CPA, CFE, and and CFF

Sean Freidlin

Marketing at Hanzo

• Moderator and host
• 5 years of experience
• Compliance product

development and marketing

About this Webinar

• AGENDA

○ Q2 2019 Regulatory Updates + News: DOJ & OFAC ○ Compliance Market Trends + New Research: Ethisphere, NAVEX, KPMG, and more ○ Key Enforcement Actions: Fresenius, Walmart, TechnipFMC

• Recording, slides, and report

will be sent via email

• Please answer short post

webinar survey

DOJ Evaluation of Corporate Compliance Programs, 2019 Guidance OFAC Sanctions Compliance Program Framework

Regulatory Update

The 2019 Guidance posed three “fundamental questions” that prosecutors must begin their analysis with: 1. Is the corporation’s compliance program well designed? 2. Is your program being implemented efgectively? 3. Does the corporation’s compliance program work in practice? DOJ 2019 Guidance

Five essential components of compliance: (1) management commitment; (2) risk assessment; (3) internal controls; (4) testing and auditing; and (5) training. OFAC Sanctions 2019 Compliance Program Framework

Trends: Ethisphere and the Ethics Premium

○ WME companies outpaced everyone else by 10.5 % over the last three years. (4.5% ten years ago) ○ WME firms also have a higher average share price than their peers. ○ Share price is a function of expected future profit. ○ When a company’s stock price is

• utperforming its peers, the

market is saying it expects that company to generate more profit in the future.

Trends: NAVEX Global’s Defi finitive Corporate Compliance Benchmark

• Reporting Systems
• Policies and Procedures
• Training

Trends: NAVEX Global’s Defi finitive Corporate Compliance Benchmark

Trends: NAVEX Global’s Defi finitive Corporate Compliance Benchmark

Trends: KPMG 2019 Chief Compliance Offficer Survey

• Greater use of technology
• More holistic approach to GRC
• More ongoing monitoring

Trends: KPMG 2019 Chief Compliance Offficer Survey

Trends: KPMG 2019 Chief Compliance Offficer Survey

“I am excited about the opportunities that advances in analytics and innovative technologies present for us to continue to transform ethics and compliance at Walmart to be the world’s most trusted

• retailer. In particular, to be even more

proactive in risk spotting will allow us to provide value and insights and be a strategic business partner.”

• Daniel Trujillo, EVP Global Ethics and

Compliance Offjcer at Walmart

• Bribery schemes
• Investigative and remedial

steps

• Monitor mandated

Key Q2 2019 Enforcement Actions: Fresenius

• Recidivist conduct
• The bribery schemes

and aftermath

• No monitor

Key Q2 2019 Enforcement Actions: TechnipFMC

• Length of time
• Pre-settlement costs for

investigation and remediation

• 2-year monitor mandated

Key Q2 2019 Enforcement Actions: Walmart

17

A STORIED HISTORY IN WEB ARCHIVING

OPERATIONS: Hanzo is headquartered in New York and London and has operations across North America and EMEA

450,000,000+

PAGES ARCHIVED 2009 Hanzo is born from a British Library project directed to capture the web “forever”. 2010 Hanzo expands to address eDiscovery and Compliance challenges for government and enterprise

• rganizations.

2012+ Hanzo continually adds capabilities to capture the newest, most interactive content sources. 2018 Hanzo launches AI-powered investigations tools to proactively find malicious content.

TRUSTED BY THE WORLD’S MOST RECOGNIZABLE BRANDS

In Closing // Q&A Thank you! Questions? More information?

Tom Fox:

• tfox@tfoxlaw.com
• http://fcpacompliancereport.com
• @tfoxlaw

Jonathan Marks:

• Jonathan.Marks@bakertilly.com
• https://www.bakertilly.com/
• @jtmarkscpa

Sean Freidlin:

• sean.freidlin@hanzo.co
• www.hanzo.co
• @compliance2019