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VideoPodcast: ABAC Regulations
Podcast
Weaver's Conversations on Fraud series explores ABAC regulations, including DOJ/SEC compliance expectations, data analytics and enforcement programs.
November 20, 2024
Senior Manager, Forensics and Litigation Services
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Fraud Awareness Week: Conversations on Fraud
Sasha Gartman and Emily McKee from Weaver’s Forensics and Litigation team discuss the latest updates on anti-bribery and anti-corruption (ABAC) regulations in this episode of Weaver: Beyond the Numbers.
Key Points:
- The DOJ and SEC have increased compliance expectations for corporations, focusing on enforcement actions, evaluation guidance and voluntary self-disclosure policies.
- Data analytics plays a crucial role in compliance programs, emphasizing the need for access to data, implementation of monitoring tools and tailored training programs for employees.
- The DOJ introduced a pilot monetary whistleblower award program to encourage reporting of corporate criminal activities, offering incentives for original and timely information leading to forfeitures exceeding $1 million.
Throughout the conversation, Sasha offers insights to help companies stay up-to-date on ABAC regulations. Emily summarized the updates, saying, “It seems like overall, a lot of focus on cooperation, a lot of focus on self-disclosure, whether individually or as an organization.”
Subscribe and listen to future episodes of Weaver: Beyond the Numbers, on Apple Podcasts or Spotify.
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