SlideShare a Scribd company logo
#ACIFCPA
ACI’sFCPA &Anti-Corruption forthe
LifeSciencesIndustry
Daniel Garen
SVP & Chief Compliance Officer
Wright Medical Technology, Inc.
Detecting and Monitoring
Corruption Across Your Operations:
First-Hand Insights on How to Work with Compliance Monitors, and
Leverage Your Internal Audit Function, Data Analytics and Metrics
Brent White
Vice President, Internal Audit
Allergan
Joshua Torok
Associate Director, Internal Audit
PPD, LLC
April 28-29, 2014
Sara Vandermark
Analytics Senior Manager
Deloitte Financial Advisory
Services LLP
Tweeting about this conference?
#ACIFCPA
Wright Compliance Dashboard
Operations Status
Administration
Strategy Status
Professional Affairs Status
Review & Monitoring
Annual Report
IRO Management
Aggregate Spend
Transition Planning
Q4
FCST
Q4
ACT
Q1
FCST
Policy Updates 0 0 0
Training Events 0 0 0
Communications 0 0 0
Q4 BUDGET Q4 ACTUAL DIFFERENCE
$0 $0 $0
Departures 0 New Hires 0
Open Headcount 0
6 Month Consultant Needs Change
Proposed New Headcount -
0
10
20
30
40
50
60
2013 2012
Investigations Status
Cases Opened
Cases Closed
Competitor
0 10 20 30 40 50 60
2012Q4
2013Q1
2013Q2
2013Q3
2013Q4 *
Goal
CQRC Draft HCP Training Fully ExecutedOn TrackComplete At Risk
* Excludes Early Filing Agreements
0
0
0
0
0
0
#ACIFCPA
Top 5 Q4
1. XXXXX
2. XXXXX
3. XXXXX
4. XXXXX
5. XXXXX
Top 5 Q1
1. XXXXXX
2. XXXXXX
3. XXXXXX
4. XXXXXX
5. XXXXXX
Compliance Strategy
#ACIFCPA
0
50
100
150
200
USA EMEA Intl Japan
Service Neeeds Review Committee
Modifications Year To Date
New Events
Tier Changes
Hours Changes
Professional Affairs
0.0
0.5
1.0
1.5
2.0
2.5
3.0
3.5
12Q4 13Q1 13Q2 13Q3 13Q4
Budget
Actuals
Global Consulting Budget vs. Actual ($m)
Global Engagements YTD
Foot & Ankle
Hip & Knee
Biologics
Upper
Extremity
0% 50% 100%
WGH
USA
Latin America
Japan
EMEA
Canada
BMTI
Asia/ Australia
Completion of Health Care Provider Fee for
Service Agreementsby Region
Complete
Pending
0
0
0
0
0
0
0 0 0
#ACIFCPA
Review and Monitoring
Top 5 Concerns – Q3
1. XXXXX
2. XXXXX
3. XXXXX
4. XXXXX
5. XXXXX
Top 5 Concerns – Q4
1. XXXXX
2. XXXXX
3. XXXXX
4. XXXXX
5. XXXXX 0
5
10
15
20
25
30
35
40
45
50
Quarter 3 October and
November
Quarter 3 October and
November
November
October
Quarter 3
HCP Spend Comparison
Documentation Errors
and Omissions HCP Spend Violations
Question
Number
Top 5 Questions Missed During
Interviews
18 XXXXX
19 XXXXX
14 XXXXX
17 XXXXX
10 XXXXX
0
1
2
3
4
5
6
7
8
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
NumberofIncorrectResponses
Question Number
Interview Results
0
0
0
0
0
0
0
0
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
0
0
0
0
0
0
0
0
0
0
#ACIFCPA
Investigations
# of Cases 13Q1 13Q2 13Q3 13Q4
EOY
2013
EOY
2012 Issue Type 13Q1 13Q213Q3 13Q4
EOY
2013
EOY
2012
Cases Opened 0 0 0 0 0 0 Anti Bribery 0 0 0 0 0 0
Cases Closed 0 0 0 0 0 0 Concern 0 0 0 0 0 0
Competitor 0 0 0 0 0 0
Conflict of
Interest 0 0 0 0 0 0
Falsification of
Documents 0 0 0 0 0 0
Intake Method 13Q1 13Q2 13Q3 13Q4
EOY
2013
EOY
2012
Health Care Fraud
& Abuse 0 0 0 0 0 0
Email 0 0 0 0 0 0 Inquiry 0 0 0 0 0 0
Walk In 0 0 0 0 0 0 Misconduct 0 0 0 0 0 0
Hotline Phone 0 0 0 0 0 0 Theft 0 0 0 0 0 0
Hotline Web 0 0 0 0 0 0 Violation of Policy 0 0 0 0 0 0
Letter/Mail 0 0 0 0 0 0 Other 0 0 0 0 0 0
Phone 0 0 0 0 0 0
Other 0 0 0 0 0 0
Area Involved 13Q1 13Q2 13Q3 13Q4
EOY
2013
EOY
2012
Sales 0 0 0 0 0 0
Management 0 0 0 0 0 0
Other 0 0 0 0 0 0
#ACIFCPA
Correctiveand PreventativeActionCommittee
CAPA Input Sources
0
5
10
15
20
25
Investigations HCP Spend
Violation Reports
CIA Items Other
Assigned Action Items
0
10
20
30
40
50
60
70
80
90
Late
Other
Total
Linear (Total)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
#ACIFCPA
Administration
• Compliance Budget Status:
• Budget
• Actual
• Difference
• Open Headcount: #
• XXXXX
• Transitions: # hires
• Hires: XXXXXX
• Six Month Consultant Needs: Decrease/Increase/Flat
• XXXXXX (decrease)
• XXXXXX (increase)
• XXXXXX (decrease)
• XXXXXX (flat)
• Proposed New Headcount: #
Q1 Q2 Q3 Q4 EOY
$0 $0 $0 $0 $0
$0 $0 $0 $0 $0
$0 $0 $0 $0 $0
#ACIFCPA
#ACIFCPA
Process
Walk Throughs
Personnel
Interviews
Compliance
Culture
Policy
Knowledge
Overall
Adherence
Detail
Testing
Ensures and risk areas are identified and routinely monitored
as well as assuring that WMT has policies and procedures
that are in line with Regulatory Guidelines.
Review and Monitoring – Process Focus
#ACIFCPA
Customer Facing /
Focus Arrangement
On-going DPA/CIA
Processes
Compliance
Policy
Compliance Project Activities:
• Sales Force Audits
• Healthcare Provider Spend
• Consultant Contracts
• Healthcare Provider Payments
• Medical Education
• Grants and Charitable Donations
• Tone at the Top
• Ride Alongs
• Compliance Investigations Process
• Transparency & Aggregate Spend
• Sales Force Communication
• Anti Bribery Anti Corruption – FCPA
Review and Monitoring – Project Areas
#ACIFCPA
ACI’sFCPA &Anti-Corruption forthe
LifeSciencesIndustry
Daniel Garen
SVP & Chief Compliance Officer
Wright Medical Technology, Inc.
Detecting and Monitoring
Corruption Across Your Operations:
First-Hand Insights on How to Work with Compliance Monitors, and
Leverage Your Internal Audit Function, Data Analytics and Metrics
Brent White
Vice President, Internal Audit
Allergan
Joshua Torok
Associate Director, Internal Audit
PPD, LLC
April 28-29, 2014
Sara Vandermark
Analytics Senior Manager
Deloitte Financial Advisory
Services LLP
Tweeting about this conference?
#ACIFCPA
Anomaly detectionbasedon predefinedindicators
can help isolate riskytransactionsand entities
High-level view
Detailed view
Drill-down to a particular
region
For illustrative purposes only
#ACIFCPA
Predictive analytics can help identify
trends and improper payments
For illustrative purposes only
Inthousands
Vendor payment activity
What-if scenario
Trend Analysis
For illustrative purposes only
#ACIFCPA
Usingtext analyticsto identify anomalousexpenses
Analyzing large text data sets and grouping it in clusters of strings by similarity can
help identify abnormal text strings
In this example, upon quick review of the clusters
(each color is one cluster with similar text), a cluster
containing “exotic massage” was identified, and set
apart for further investigation.
For illustrative purposes only

More Related Content

Similar to Detecting and Monitoring: Corruption Across your Operations

ESIQ_2015_survey_final042415
ESIQ_2015_survey_final042415ESIQ_2015_survey_final042415
ESIQ_2015_survey_final042415Nick Fishman
 
Vendor Sustainability Programme Development
Vendor Sustainability Programme DevelopmentVendor Sustainability Programme Development
Vendor Sustainability Programme Development
PECB
 
TriFinance Interim Managers Barometer
TriFinance Interim Managers BarometerTriFinance Interim Managers Barometer
TriFinance Interim Managers Barometer
TriFinance
 
D&B onboard.pdf
D&B onboard.pdfD&B onboard.pdf
D&B onboard.pdf
Wilson Kao
 
3 Ways Covid-19 Changed Shared Services and how to Prepare for What's Next
3 Ways Covid-19 Changed Shared Services and how to Prepare for What's Next3 Ways Covid-19 Changed Shared Services and how to Prepare for What's Next
3 Ways Covid-19 Changed Shared Services and how to Prepare for What's Next
Sarah Fane
 
Top Risks in Global Supply Chains: Primary-Source Intelligence and Recommenda...
Top Risks in Global Supply Chains: Primary-Source Intelligence and Recommenda...Top Risks in Global Supply Chains: Primary-Source Intelligence and Recommenda...
Top Risks in Global Supply Chains: Primary-Source Intelligence and Recommenda...
Sustainable Brands
 
OCR HIPAA Audits…Will You Be Prepared?
OCR HIPAA Audits…Will You Be Prepared?OCR HIPAA Audits…Will You Be Prepared?
OCR HIPAA Audits…Will You Be Prepared?
ID Experts
 
ICRA-Analytics FT Final.pdf
ICRA-Analytics FT Final.pdfICRA-Analytics FT Final.pdf
ICRA-Analytics FT Final.pdf
BobitaBiswas
 
2015 Global data valuation survey
2015 Global data valuation survey2015 Global data valuation survey
2015 Global data valuation survey
Brunswick Group
 
SmashFly Transform: Why Metrics & Measurement Are Key to Building an Employer...
SmashFly Transform: Why Metrics & Measurement Are Key to Building an Employer...SmashFly Transform: Why Metrics & Measurement Are Key to Building an Employer...
SmashFly Transform: Why Metrics & Measurement Are Key to Building an Employer...
SmashFly Technologies
 
Corporate and Social Responsibility report iigi 2013 2014
Corporate and Social Responsibility  report iigi 2013 2014Corporate and Social Responsibility  report iigi 2013 2014
Corporate and Social Responsibility report iigi 2013 2014
Independentgroup
 
Pwc 2015 Technology Sector Sec Comment Letter Trends
Pwc 2015 Technology Sector Sec Comment Letter TrendsPwc 2015 Technology Sector Sec Comment Letter Trends
Pwc 2015 Technology Sector Sec Comment Letter Trends
PwC
 
Deloitte - Procurement at a digital tipping point
Deloitte - Procurement at a digital tipping pointDeloitte - Procurement at a digital tipping point
Deloitte - Procurement at a digital tipping point
Comarch
 
Us sdt 2014_globaloutsourcinginsourcingsurvey_051914
Us sdt 2014_globaloutsourcinginsourcingsurvey_051914Us sdt 2014_globaloutsourcinginsourcingsurvey_051914
Us sdt 2014_globaloutsourcinginsourcingsurvey_051914Franco Ferrario
 
AFS Retail Execution Survey
AFS Retail Execution SurveyAFS Retail Execution Survey
AFS Retail Execution Survey
Global Creative Group, Inc
 
Denied party screening 2016 webinar final
Denied party screening 2016 webinar finalDenied party screening 2016 webinar final
Denied party screening 2016 webinar final
Ned Blinick
 
Denied party screening 2016 webinar final
Denied party screening 2016 webinar finalDenied party screening 2016 webinar final
Denied party screening 2016 webinar final
Ned Blinick
 
2016 Digital CPA Update
2016 Digital CPA Update2016 Digital CPA Update
2016 Digital CPA Update
CPA.com
 
Bridge Software Investor Deck
Bridge Software Investor DeckBridge Software Investor Deck
Bridge Software Investor Deck
GeoffreyJones2
 

Similar to Detecting and Monitoring: Corruption Across your Operations (20)

ESIQ_2015_survey_final042415
ESIQ_2015_survey_final042415ESIQ_2015_survey_final042415
ESIQ_2015_survey_final042415
 
Vendor Sustainability Programme Development
Vendor Sustainability Programme DevelopmentVendor Sustainability Programme Development
Vendor Sustainability Programme Development
 
TriFinance Interim Managers Barometer
TriFinance Interim Managers BarometerTriFinance Interim Managers Barometer
TriFinance Interim Managers Barometer
 
D&B onboard.pdf
D&B onboard.pdfD&B onboard.pdf
D&B onboard.pdf
 
3 Ways Covid-19 Changed Shared Services and how to Prepare for What's Next
3 Ways Covid-19 Changed Shared Services and how to Prepare for What's Next3 Ways Covid-19 Changed Shared Services and how to Prepare for What's Next
3 Ways Covid-19 Changed Shared Services and how to Prepare for What's Next
 
Top Risks in Global Supply Chains: Primary-Source Intelligence and Recommenda...
Top Risks in Global Supply Chains: Primary-Source Intelligence and Recommenda...Top Risks in Global Supply Chains: Primary-Source Intelligence and Recommenda...
Top Risks in Global Supply Chains: Primary-Source Intelligence and Recommenda...
 
OCR HIPAA Audits…Will You Be Prepared?
OCR HIPAA Audits…Will You Be Prepared?OCR HIPAA Audits…Will You Be Prepared?
OCR HIPAA Audits…Will You Be Prepared?
 
Business Plan
Business PlanBusiness Plan
Business Plan
 
ICRA-Analytics FT Final.pdf
ICRA-Analytics FT Final.pdfICRA-Analytics FT Final.pdf
ICRA-Analytics FT Final.pdf
 
2015 Global data valuation survey
2015 Global data valuation survey2015 Global data valuation survey
2015 Global data valuation survey
 
SmashFly Transform: Why Metrics & Measurement Are Key to Building an Employer...
SmashFly Transform: Why Metrics & Measurement Are Key to Building an Employer...SmashFly Transform: Why Metrics & Measurement Are Key to Building an Employer...
SmashFly Transform: Why Metrics & Measurement Are Key to Building an Employer...
 
Corporate and Social Responsibility report iigi 2013 2014
Corporate and Social Responsibility  report iigi 2013 2014Corporate and Social Responsibility  report iigi 2013 2014
Corporate and Social Responsibility report iigi 2013 2014
 
Pwc 2015 Technology Sector Sec Comment Letter Trends
Pwc 2015 Technology Sector Sec Comment Letter TrendsPwc 2015 Technology Sector Sec Comment Letter Trends
Pwc 2015 Technology Sector Sec Comment Letter Trends
 
Deloitte - Procurement at a digital tipping point
Deloitte - Procurement at a digital tipping pointDeloitte - Procurement at a digital tipping point
Deloitte - Procurement at a digital tipping point
 
Us sdt 2014_globaloutsourcinginsourcingsurvey_051914
Us sdt 2014_globaloutsourcinginsourcingsurvey_051914Us sdt 2014_globaloutsourcinginsourcingsurvey_051914
Us sdt 2014_globaloutsourcinginsourcingsurvey_051914
 
AFS Retail Execution Survey
AFS Retail Execution SurveyAFS Retail Execution Survey
AFS Retail Execution Survey
 
Denied party screening 2016 webinar final
Denied party screening 2016 webinar finalDenied party screening 2016 webinar final
Denied party screening 2016 webinar final
 
Denied party screening 2016 webinar final
Denied party screening 2016 webinar finalDenied party screening 2016 webinar final
Denied party screening 2016 webinar final
 
2016 Digital CPA Update
2016 Digital CPA Update2016 Digital CPA Update
2016 Digital CPA Update
 
Bridge Software Investor Deck
Bridge Software Investor DeckBridge Software Investor Deck
Bridge Software Investor Deck
 

More from Rachel Hamilton

The Relationship Between Insurance Companies and Outside Counsel
The Relationship Between Insurance Companies and Outside Counsel The Relationship Between Insurance Companies and Outside Counsel
The Relationship Between Insurance Companies and Outside Counsel
Rachel Hamilton
 
Mortgage Servicing Transfers: Meeting the Operational and Regulatory Demands
Mortgage Servicing Transfers: Meeting the Operational and Regulatory DemandsMortgage Servicing Transfers: Meeting the Operational and Regulatory Demands
Mortgage Servicing Transfers: Meeting the Operational and Regulatory Demands
Rachel Hamilton
 
Latest Developments in Market Manipulation
Latest Developments in Market ManipulationLatest Developments in Market Manipulation
Latest Developments in Market ManipulationRachel Hamilton
 
The International Digital and Virtual Currency Landscape
The International Digital and Virtual Currency LandscapeThe International Digital and Virtual Currency Landscape
The International Digital and Virtual Currency Landscape
Rachel Hamilton
 
Procedural Issues in Bad Faith Litigation
Procedural Issues in Bad Faith LitigationProcedural Issues in Bad Faith Litigation
Procedural Issues in Bad Faith LitigationRachel Hamilton
 
Deploying Gamification to Sweetstakes and Promotions to Engage Consumers and ...
Deploying Gamification to Sweetstakes and Promotions to Engage Consumers and ...Deploying Gamification to Sweetstakes and Promotions to Engage Consumers and ...
Deploying Gamification to Sweetstakes and Promotions to Engage Consumers and ...
Rachel Hamilton
 
Current Good Manufacturing Practices: Drug and Biologics
Current Good Manufacturing Practices: Drug and Biologics Current Good Manufacturing Practices: Drug and Biologics
Current Good Manufacturing Practices: Drug and Biologics
Rachel Hamilton
 
Ethical Considerations for Paragraph IV Matters Before the PTO and District C...
Ethical Considerations for Paragraph IV Matters Before the PTO and District C...Ethical Considerations for Paragraph IV Matters Before the PTO and District C...
Ethical Considerations for Paragraph IV Matters Before the PTO and District C...
Rachel Hamilton
 
The Devil is in the Details: Best Practices for Handling the Gray Areas in Re...
The Devil is in the Details: Best Practices for Handling the Gray Areas in Re...The Devil is in the Details: Best Practices for Handling the Gray Areas in Re...
The Devil is in the Details: Best Practices for Handling the Gray Areas in Re...
Rachel Hamilton
 
NEW CLAIMS TRENDS RELATED TO THE U.S. PAIN CRISIS
NEW CLAIMS TRENDS RELATED TO THE U.S. PAIN CRISISNEW CLAIMS TRENDS RELATED TO THE U.S. PAIN CRISIS
NEW CLAIMS TRENDS RELATED TO THE U.S. PAIN CRISIS
Rachel Hamilton
 
Recent Rulings and Trends in Decision Making Impacting Allocation
Recent Rulings and Trends in Decision Making Impacting AllocationRecent Rulings and Trends in Decision Making Impacting Allocation
Recent Rulings and Trends in Decision Making Impacting Allocation
Rachel Hamilton
 
Fail Lending Panel
Fail Lending PanelFail Lending Panel
Fail Lending Panel
Rachel Hamilton
 
Revisiting the Four Pillars Supporting an Effective BSA/AML Compliance Program
Revisiting the Four Pillars Supporting an Effective BSA/AML Compliance ProgramRevisiting the Four Pillars Supporting an Effective BSA/AML Compliance Program
Revisiting the Four Pillars Supporting an Effective BSA/AML Compliance Program
Rachel Hamilton
 
The Changing Landscape of Cyber Liability
The Changing Landscape of Cyber LiabilityThe Changing Landscape of Cyber Liability
The Changing Landscape of Cyber Liability
Rachel Hamilton
 
Exempt Employee Determinations and Misclassification of Workers
Exempt Employee Determinations and Misclassification of WorkersExempt Employee Determinations and Misclassification of Workers
Exempt Employee Determinations and Misclassification of WorkersRachel Hamilton
 
Class Actions Trends - An Overview of Recent Trends Involving Class Actions
Class Actions Trends - An Overview of Recent Trends Involving Class Actions Class Actions Trends - An Overview of Recent Trends Involving Class Actions
Class Actions Trends - An Overview of Recent Trends Involving Class Actions
Rachel Hamilton
 
Remittance Transfer Rule: Depository Institution Exemption
Remittance Transfer Rule: Depository Institution Exemption Remittance Transfer Rule: Depository Institution Exemption
Remittance Transfer Rule: Depository Institution Exemption
Rachel Hamilton
 
The Fiduciary Exception to Attorney-Client Privilege and Ethical Issue that A...
The Fiduciary Exception to Attorney-Client Privilege and Ethical Issue that A...The Fiduciary Exception to Attorney-Client Privilege and Ethical Issue that A...
The Fiduciary Exception to Attorney-Client Privilege and Ethical Issue that A...Rachel Hamilton
 
Patent Strategies in the OTC Space
Patent Strategies in the OTC Space Patent Strategies in the OTC Space
Patent Strategies in the OTC Space Rachel Hamilton
 
Meet Joyce Edelman, a Speaker at ACI’s 19th Annual Drug and Medical Device Li...
Meet Joyce Edelman, a Speaker at ACI’s 19th Annual Drug and Medical Device Li...Meet Joyce Edelman, a Speaker at ACI’s 19th Annual Drug and Medical Device Li...
Meet Joyce Edelman, a Speaker at ACI’s 19th Annual Drug and Medical Device Li...
Rachel Hamilton
 

More from Rachel Hamilton (20)

The Relationship Between Insurance Companies and Outside Counsel
The Relationship Between Insurance Companies and Outside Counsel The Relationship Between Insurance Companies and Outside Counsel
The Relationship Between Insurance Companies and Outside Counsel
 
Mortgage Servicing Transfers: Meeting the Operational and Regulatory Demands
Mortgage Servicing Transfers: Meeting the Operational and Regulatory DemandsMortgage Servicing Transfers: Meeting the Operational and Regulatory Demands
Mortgage Servicing Transfers: Meeting the Operational and Regulatory Demands
 
Latest Developments in Market Manipulation
Latest Developments in Market ManipulationLatest Developments in Market Manipulation
Latest Developments in Market Manipulation
 
The International Digital and Virtual Currency Landscape
The International Digital and Virtual Currency LandscapeThe International Digital and Virtual Currency Landscape
The International Digital and Virtual Currency Landscape
 
Procedural Issues in Bad Faith Litigation
Procedural Issues in Bad Faith LitigationProcedural Issues in Bad Faith Litigation
Procedural Issues in Bad Faith Litigation
 
Deploying Gamification to Sweetstakes and Promotions to Engage Consumers and ...
Deploying Gamification to Sweetstakes and Promotions to Engage Consumers and ...Deploying Gamification to Sweetstakes and Promotions to Engage Consumers and ...
Deploying Gamification to Sweetstakes and Promotions to Engage Consumers and ...
 
Current Good Manufacturing Practices: Drug and Biologics
Current Good Manufacturing Practices: Drug and Biologics Current Good Manufacturing Practices: Drug and Biologics
Current Good Manufacturing Practices: Drug and Biologics
 
Ethical Considerations for Paragraph IV Matters Before the PTO and District C...
Ethical Considerations for Paragraph IV Matters Before the PTO and District C...Ethical Considerations for Paragraph IV Matters Before the PTO and District C...
Ethical Considerations for Paragraph IV Matters Before the PTO and District C...
 
The Devil is in the Details: Best Practices for Handling the Gray Areas in Re...
The Devil is in the Details: Best Practices for Handling the Gray Areas in Re...The Devil is in the Details: Best Practices for Handling the Gray Areas in Re...
The Devil is in the Details: Best Practices for Handling the Gray Areas in Re...
 
NEW CLAIMS TRENDS RELATED TO THE U.S. PAIN CRISIS
NEW CLAIMS TRENDS RELATED TO THE U.S. PAIN CRISISNEW CLAIMS TRENDS RELATED TO THE U.S. PAIN CRISIS
NEW CLAIMS TRENDS RELATED TO THE U.S. PAIN CRISIS
 
Recent Rulings and Trends in Decision Making Impacting Allocation
Recent Rulings and Trends in Decision Making Impacting AllocationRecent Rulings and Trends in Decision Making Impacting Allocation
Recent Rulings and Trends in Decision Making Impacting Allocation
 
Fail Lending Panel
Fail Lending PanelFail Lending Panel
Fail Lending Panel
 
Revisiting the Four Pillars Supporting an Effective BSA/AML Compliance Program
Revisiting the Four Pillars Supporting an Effective BSA/AML Compliance ProgramRevisiting the Four Pillars Supporting an Effective BSA/AML Compliance Program
Revisiting the Four Pillars Supporting an Effective BSA/AML Compliance Program
 
The Changing Landscape of Cyber Liability
The Changing Landscape of Cyber LiabilityThe Changing Landscape of Cyber Liability
The Changing Landscape of Cyber Liability
 
Exempt Employee Determinations and Misclassification of Workers
Exempt Employee Determinations and Misclassification of WorkersExempt Employee Determinations and Misclassification of Workers
Exempt Employee Determinations and Misclassification of Workers
 
Class Actions Trends - An Overview of Recent Trends Involving Class Actions
Class Actions Trends - An Overview of Recent Trends Involving Class Actions Class Actions Trends - An Overview of Recent Trends Involving Class Actions
Class Actions Trends - An Overview of Recent Trends Involving Class Actions
 
Remittance Transfer Rule: Depository Institution Exemption
Remittance Transfer Rule: Depository Institution Exemption Remittance Transfer Rule: Depository Institution Exemption
Remittance Transfer Rule: Depository Institution Exemption
 
The Fiduciary Exception to Attorney-Client Privilege and Ethical Issue that A...
The Fiduciary Exception to Attorney-Client Privilege and Ethical Issue that A...The Fiduciary Exception to Attorney-Client Privilege and Ethical Issue that A...
The Fiduciary Exception to Attorney-Client Privilege and Ethical Issue that A...
 
Patent Strategies in the OTC Space
Patent Strategies in the OTC Space Patent Strategies in the OTC Space
Patent Strategies in the OTC Space
 
Meet Joyce Edelman, a Speaker at ACI’s 19th Annual Drug and Medical Device Li...
Meet Joyce Edelman, a Speaker at ACI’s 19th Annual Drug and Medical Device Li...Meet Joyce Edelman, a Speaker at ACI’s 19th Annual Drug and Medical Device Li...
Meet Joyce Edelman, a Speaker at ACI’s 19th Annual Drug and Medical Device Li...
 

Recently uploaded

一比一原版加拿大渥太华大学毕业证(uottawa毕业证书)如何办理
一比一原版加拿大渥太华大学毕业证(uottawa毕业证书)如何办理一比一原版加拿大渥太华大学毕业证(uottawa毕业证书)如何办理
一比一原版加拿大渥太华大学毕业证(uottawa毕业证书)如何办理
taqyed
 
The Influence of Marketing Strategy and Market Competition on Business Perfor...
The Influence of Marketing Strategy and Market Competition on Business Perfor...The Influence of Marketing Strategy and Market Competition on Business Perfor...
The Influence of Marketing Strategy and Market Competition on Business Perfor...
Adam Smith
 
Creative Web Design Company in Singapore
Creative Web Design Company in SingaporeCreative Web Design Company in Singapore
Creative Web Design Company in Singapore
techboxsqauremedia
 
-- June 2024 is National Volunteer Month --
-- June 2024 is National Volunteer Month ---- June 2024 is National Volunteer Month --
-- June 2024 is National Volunteer Month --
NZSG
 
Event Report - SAP Sapphire 2024 Orlando - lots of innovation and old challenges
Event Report - SAP Sapphire 2024 Orlando - lots of innovation and old challengesEvent Report - SAP Sapphire 2024 Orlando - lots of innovation and old challenges
Event Report - SAP Sapphire 2024 Orlando - lots of innovation and old challenges
Holger Mueller
 
Recruiting in the Digital Age: A Social Media Masterclass
Recruiting in the Digital Age: A Social Media MasterclassRecruiting in the Digital Age: A Social Media Masterclass
Recruiting in the Digital Age: A Social Media Masterclass
LuanWise
 
Agency Managed Advisory Board As a Solution To Career Path Defining Business ...
Agency Managed Advisory Board As a Solution To Career Path Defining Business ...Agency Managed Advisory Board As a Solution To Career Path Defining Business ...
Agency Managed Advisory Board As a Solution To Career Path Defining Business ...
Boris Ziegler
 
Creative Web Design Company in Singapore
Creative Web Design Company in SingaporeCreative Web Design Company in Singapore
Creative Web Design Company in Singapore
techboxsqauremedia
 
BeMetals Investor Presentation_June 1, 2024.pdf
BeMetals Investor Presentation_June 1, 2024.pdfBeMetals Investor Presentation_June 1, 2024.pdf
BeMetals Investor Presentation_June 1, 2024.pdf
DerekIwanaka1
 
buy old yahoo accounts buy yahoo accounts
buy old yahoo accounts buy yahoo accountsbuy old yahoo accounts buy yahoo accounts
buy old yahoo accounts buy yahoo accounts
Susan Laney
 
Premium MEAN Stack Development Solutions for Modern Businesses
Premium MEAN Stack Development Solutions for Modern BusinessesPremium MEAN Stack Development Solutions for Modern Businesses
Premium MEAN Stack Development Solutions for Modern Businesses
SynapseIndia
 
Call 8867766396 Satta Matka Dpboss Matka Guessing Satta batta Matka 420 Satta...
Call 8867766396 Satta Matka Dpboss Matka Guessing Satta batta Matka 420 Satta...Call 8867766396 Satta Matka Dpboss Matka Guessing Satta batta Matka 420 Satta...
Call 8867766396 Satta Matka Dpboss Matka Guessing Satta batta Matka 420 Satta...
bosssp10
 
Discover the innovative and creative projects that highlight my journey throu...
Discover the innovative and creative projects that highlight my journey throu...Discover the innovative and creative projects that highlight my journey throu...
Discover the innovative and creative projects that highlight my journey throu...
dylandmeas
 
Chapter 7 Final business management sciences .ppt
Chapter 7 Final business management sciences .pptChapter 7 Final business management sciences .ppt
Chapter 7 Final business management sciences .ppt
ssuser567e2d
 
ikea_woodgreen_petscharity_cat-alogue_digital.pdf
ikea_woodgreen_petscharity_cat-alogue_digital.pdfikea_woodgreen_petscharity_cat-alogue_digital.pdf
ikea_woodgreen_petscharity_cat-alogue_digital.pdf
agatadrynko
 
The effects of customers service quality and online reviews on customer loyal...
The effects of customers service quality and online reviews on customer loyal...The effects of customers service quality and online reviews on customer loyal...
The effects of customers service quality and online reviews on customer loyal...
balatucanapplelovely
 
Tata Group Dials Taiwan for Its Chipmaking Ambition in Gujarat’s Dholera
Tata Group Dials Taiwan for Its Chipmaking Ambition in Gujarat’s DholeraTata Group Dials Taiwan for Its Chipmaking Ambition in Gujarat’s Dholera
Tata Group Dials Taiwan for Its Chipmaking Ambition in Gujarat’s Dholera
Avirahi City Dholera
 
Organizational Change Leadership Agile Tour Geneve 2024
Organizational Change Leadership Agile Tour Geneve 2024Organizational Change Leadership Agile Tour Geneve 2024
Organizational Change Leadership Agile Tour Geneve 2024
Kirill Klimov
 
The Influence of Marketing Strategy and Market Competition on Business Perfor...
The Influence of Marketing Strategy and Market Competition on Business Perfor...The Influence of Marketing Strategy and Market Competition on Business Perfor...
The Influence of Marketing Strategy and Market Competition on Business Perfor...
Adam Smith
 
Hamster Kombat' Telegram Game Surpasses 100 Million Players—Token Release Sch...
Hamster Kombat' Telegram Game Surpasses 100 Million Players—Token Release Sch...Hamster Kombat' Telegram Game Surpasses 100 Million Players—Token Release Sch...
Hamster Kombat' Telegram Game Surpasses 100 Million Players—Token Release Sch...
SOFTTECHHUB
 

Recently uploaded (20)

一比一原版加拿大渥太华大学毕业证(uottawa毕业证书)如何办理
一比一原版加拿大渥太华大学毕业证(uottawa毕业证书)如何办理一比一原版加拿大渥太华大学毕业证(uottawa毕业证书)如何办理
一比一原版加拿大渥太华大学毕业证(uottawa毕业证书)如何办理
 
The Influence of Marketing Strategy and Market Competition on Business Perfor...
The Influence of Marketing Strategy and Market Competition on Business Perfor...The Influence of Marketing Strategy and Market Competition on Business Perfor...
The Influence of Marketing Strategy and Market Competition on Business Perfor...
 
Creative Web Design Company in Singapore
Creative Web Design Company in SingaporeCreative Web Design Company in Singapore
Creative Web Design Company in Singapore
 
-- June 2024 is National Volunteer Month --
-- June 2024 is National Volunteer Month ---- June 2024 is National Volunteer Month --
-- June 2024 is National Volunteer Month --
 
Event Report - SAP Sapphire 2024 Orlando - lots of innovation and old challenges
Event Report - SAP Sapphire 2024 Orlando - lots of innovation and old challengesEvent Report - SAP Sapphire 2024 Orlando - lots of innovation and old challenges
Event Report - SAP Sapphire 2024 Orlando - lots of innovation and old challenges
 
Recruiting in the Digital Age: A Social Media Masterclass
Recruiting in the Digital Age: A Social Media MasterclassRecruiting in the Digital Age: A Social Media Masterclass
Recruiting in the Digital Age: A Social Media Masterclass
 
Agency Managed Advisory Board As a Solution To Career Path Defining Business ...
Agency Managed Advisory Board As a Solution To Career Path Defining Business ...Agency Managed Advisory Board As a Solution To Career Path Defining Business ...
Agency Managed Advisory Board As a Solution To Career Path Defining Business ...
 
Creative Web Design Company in Singapore
Creative Web Design Company in SingaporeCreative Web Design Company in Singapore
Creative Web Design Company in Singapore
 
BeMetals Investor Presentation_June 1, 2024.pdf
BeMetals Investor Presentation_June 1, 2024.pdfBeMetals Investor Presentation_June 1, 2024.pdf
BeMetals Investor Presentation_June 1, 2024.pdf
 
buy old yahoo accounts buy yahoo accounts
buy old yahoo accounts buy yahoo accountsbuy old yahoo accounts buy yahoo accounts
buy old yahoo accounts buy yahoo accounts
 
Premium MEAN Stack Development Solutions for Modern Businesses
Premium MEAN Stack Development Solutions for Modern BusinessesPremium MEAN Stack Development Solutions for Modern Businesses
Premium MEAN Stack Development Solutions for Modern Businesses
 
Call 8867766396 Satta Matka Dpboss Matka Guessing Satta batta Matka 420 Satta...
Call 8867766396 Satta Matka Dpboss Matka Guessing Satta batta Matka 420 Satta...Call 8867766396 Satta Matka Dpboss Matka Guessing Satta batta Matka 420 Satta...
Call 8867766396 Satta Matka Dpboss Matka Guessing Satta batta Matka 420 Satta...
 
Discover the innovative and creative projects that highlight my journey throu...
Discover the innovative and creative projects that highlight my journey throu...Discover the innovative and creative projects that highlight my journey throu...
Discover the innovative and creative projects that highlight my journey throu...
 
Chapter 7 Final business management sciences .ppt
Chapter 7 Final business management sciences .pptChapter 7 Final business management sciences .ppt
Chapter 7 Final business management sciences .ppt
 
ikea_woodgreen_petscharity_cat-alogue_digital.pdf
ikea_woodgreen_petscharity_cat-alogue_digital.pdfikea_woodgreen_petscharity_cat-alogue_digital.pdf
ikea_woodgreen_petscharity_cat-alogue_digital.pdf
 
The effects of customers service quality and online reviews on customer loyal...
The effects of customers service quality and online reviews on customer loyal...The effects of customers service quality and online reviews on customer loyal...
The effects of customers service quality and online reviews on customer loyal...
 
Tata Group Dials Taiwan for Its Chipmaking Ambition in Gujarat’s Dholera
Tata Group Dials Taiwan for Its Chipmaking Ambition in Gujarat’s DholeraTata Group Dials Taiwan for Its Chipmaking Ambition in Gujarat’s Dholera
Tata Group Dials Taiwan for Its Chipmaking Ambition in Gujarat’s Dholera
 
Organizational Change Leadership Agile Tour Geneve 2024
Organizational Change Leadership Agile Tour Geneve 2024Organizational Change Leadership Agile Tour Geneve 2024
Organizational Change Leadership Agile Tour Geneve 2024
 
The Influence of Marketing Strategy and Market Competition on Business Perfor...
The Influence of Marketing Strategy and Market Competition on Business Perfor...The Influence of Marketing Strategy and Market Competition on Business Perfor...
The Influence of Marketing Strategy and Market Competition on Business Perfor...
 
Hamster Kombat' Telegram Game Surpasses 100 Million Players—Token Release Sch...
Hamster Kombat' Telegram Game Surpasses 100 Million Players—Token Release Sch...Hamster Kombat' Telegram Game Surpasses 100 Million Players—Token Release Sch...
Hamster Kombat' Telegram Game Surpasses 100 Million Players—Token Release Sch...
 

Detecting and Monitoring: Corruption Across your Operations

  • 1. #ACIFCPA ACI’sFCPA &Anti-Corruption forthe LifeSciencesIndustry Daniel Garen SVP & Chief Compliance Officer Wright Medical Technology, Inc. Detecting and Monitoring Corruption Across Your Operations: First-Hand Insights on How to Work with Compliance Monitors, and Leverage Your Internal Audit Function, Data Analytics and Metrics Brent White Vice President, Internal Audit Allergan Joshua Torok Associate Director, Internal Audit PPD, LLC April 28-29, 2014 Sara Vandermark Analytics Senior Manager Deloitte Financial Advisory Services LLP Tweeting about this conference?
  • 2. #ACIFCPA Wright Compliance Dashboard Operations Status Administration Strategy Status Professional Affairs Status Review & Monitoring Annual Report IRO Management Aggregate Spend Transition Planning Q4 FCST Q4 ACT Q1 FCST Policy Updates 0 0 0 Training Events 0 0 0 Communications 0 0 0 Q4 BUDGET Q4 ACTUAL DIFFERENCE $0 $0 $0 Departures 0 New Hires 0 Open Headcount 0 6 Month Consultant Needs Change Proposed New Headcount - 0 10 20 30 40 50 60 2013 2012 Investigations Status Cases Opened Cases Closed Competitor 0 10 20 30 40 50 60 2012Q4 2013Q1 2013Q2 2013Q3 2013Q4 * Goal CQRC Draft HCP Training Fully ExecutedOn TrackComplete At Risk * Excludes Early Filing Agreements 0 0 0 0 0 0
  • 3. #ACIFCPA Top 5 Q4 1. XXXXX 2. XXXXX 3. XXXXX 4. XXXXX 5. XXXXX Top 5 Q1 1. XXXXXX 2. XXXXXX 3. XXXXXX 4. XXXXXX 5. XXXXXX Compliance Strategy
  • 4. #ACIFCPA 0 50 100 150 200 USA EMEA Intl Japan Service Neeeds Review Committee Modifications Year To Date New Events Tier Changes Hours Changes Professional Affairs 0.0 0.5 1.0 1.5 2.0 2.5 3.0 3.5 12Q4 13Q1 13Q2 13Q3 13Q4 Budget Actuals Global Consulting Budget vs. Actual ($m) Global Engagements YTD Foot & Ankle Hip & Knee Biologics Upper Extremity 0% 50% 100% WGH USA Latin America Japan EMEA Canada BMTI Asia/ Australia Completion of Health Care Provider Fee for Service Agreementsby Region Complete Pending 0 0 0 0 0 0 0 0 0
  • 5. #ACIFCPA Review and Monitoring Top 5 Concerns – Q3 1. XXXXX 2. XXXXX 3. XXXXX 4. XXXXX 5. XXXXX Top 5 Concerns – Q4 1. XXXXX 2. XXXXX 3. XXXXX 4. XXXXX 5. XXXXX 0 5 10 15 20 25 30 35 40 45 50 Quarter 3 October and November Quarter 3 October and November November October Quarter 3 HCP Spend Comparison Documentation Errors and Omissions HCP Spend Violations Question Number Top 5 Questions Missed During Interviews 18 XXXXX 19 XXXXX 14 XXXXX 17 XXXXX 10 XXXXX 0 1 2 3 4 5 6 7 8 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 NumberofIncorrectResponses Question Number Interview Results 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
  • 6. #ACIFCPA Investigations # of Cases 13Q1 13Q2 13Q3 13Q4 EOY 2013 EOY 2012 Issue Type 13Q1 13Q213Q3 13Q4 EOY 2013 EOY 2012 Cases Opened 0 0 0 0 0 0 Anti Bribery 0 0 0 0 0 0 Cases Closed 0 0 0 0 0 0 Concern 0 0 0 0 0 0 Competitor 0 0 0 0 0 0 Conflict of Interest 0 0 0 0 0 0 Falsification of Documents 0 0 0 0 0 0 Intake Method 13Q1 13Q2 13Q3 13Q4 EOY 2013 EOY 2012 Health Care Fraud & Abuse 0 0 0 0 0 0 Email 0 0 0 0 0 0 Inquiry 0 0 0 0 0 0 Walk In 0 0 0 0 0 0 Misconduct 0 0 0 0 0 0 Hotline Phone 0 0 0 0 0 0 Theft 0 0 0 0 0 0 Hotline Web 0 0 0 0 0 0 Violation of Policy 0 0 0 0 0 0 Letter/Mail 0 0 0 0 0 0 Other 0 0 0 0 0 0 Phone 0 0 0 0 0 0 Other 0 0 0 0 0 0 Area Involved 13Q1 13Q2 13Q3 13Q4 EOY 2013 EOY 2012 Sales 0 0 0 0 0 0 Management 0 0 0 0 0 0 Other 0 0 0 0 0 0
  • 7. #ACIFCPA Correctiveand PreventativeActionCommittee CAPA Input Sources 0 5 10 15 20 25 Investigations HCP Spend Violation Reports CIA Items Other Assigned Action Items 0 10 20 30 40 50 60 70 80 90 Late Other Total Linear (Total) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
  • 8. #ACIFCPA Administration • Compliance Budget Status: • Budget • Actual • Difference • Open Headcount: # • XXXXX • Transitions: # hires • Hires: XXXXXX • Six Month Consultant Needs: Decrease/Increase/Flat • XXXXXX (decrease) • XXXXXX (increase) • XXXXXX (decrease) • XXXXXX (flat) • Proposed New Headcount: # Q1 Q2 Q3 Q4 EOY $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
  • 10. #ACIFCPA Process Walk Throughs Personnel Interviews Compliance Culture Policy Knowledge Overall Adherence Detail Testing Ensures and risk areas are identified and routinely monitored as well as assuring that WMT has policies and procedures that are in line with Regulatory Guidelines. Review and Monitoring – Process Focus
  • 11. #ACIFCPA Customer Facing / Focus Arrangement On-going DPA/CIA Processes Compliance Policy Compliance Project Activities: • Sales Force Audits • Healthcare Provider Spend • Consultant Contracts • Healthcare Provider Payments • Medical Education • Grants and Charitable Donations • Tone at the Top • Ride Alongs • Compliance Investigations Process • Transparency & Aggregate Spend • Sales Force Communication • Anti Bribery Anti Corruption – FCPA Review and Monitoring – Project Areas
  • 12. #ACIFCPA ACI’sFCPA &Anti-Corruption forthe LifeSciencesIndustry Daniel Garen SVP & Chief Compliance Officer Wright Medical Technology, Inc. Detecting and Monitoring Corruption Across Your Operations: First-Hand Insights on How to Work with Compliance Monitors, and Leverage Your Internal Audit Function, Data Analytics and Metrics Brent White Vice President, Internal Audit Allergan Joshua Torok Associate Director, Internal Audit PPD, LLC April 28-29, 2014 Sara Vandermark Analytics Senior Manager Deloitte Financial Advisory Services LLP Tweeting about this conference?
  • 13. #ACIFCPA Anomaly detectionbasedon predefinedindicators can help isolate riskytransactionsand entities High-level view Detailed view Drill-down to a particular region For illustrative purposes only
  • 14. #ACIFCPA Predictive analytics can help identify trends and improper payments For illustrative purposes only Inthousands Vendor payment activity What-if scenario Trend Analysis For illustrative purposes only
  • 15. #ACIFCPA Usingtext analyticsto identify anomalousexpenses Analyzing large text data sets and grouping it in clusters of strings by similarity can help identify abnormal text strings In this example, upon quick review of the clusters (each color is one cluster with similar text), a cluster containing “exotic massage” was identified, and set apart for further investigation. For illustrative purposes only