El Corporate Fraud & Corruption Annual Review 2016 es una publicación de Financier Worldwide, en la que se presentan las opiniones de profesionales líderes alrededor del mundo acerca de las últimas tendencias en fraude corporativo y corrupción.
On Tuesday, 23 September, MCRB hosted a half-day workshop on “Anti-Corruption Programmes” for Myanmar businesses in Yangon. The workshop, held in collaboration with Spectrum – a Yangon-based sustainable development knowledge network - was the first in a series of events to follow-up on the Transparency in Myanmar Enterprises (TiME) report and build business capacity in the area of anti-corruption and human rights.
Traditionally, the practice of risk management comprises acceptance, transfer...Tommy Seah
Traditionally, the practice of risk management comprises acceptance, transference, elimination, control, sharing, insurance and avoidance of a diverse array of risks. Risk management and internal control business models have subsequently been devised which cater for all eventualities - categorised by terms such as business, operational and reputational risk.
On Tuesday, 23 September, MCRB hosted a half-day workshop on “Anti-Corruption Programmes” for Myanmar businesses in Yangon. The workshop, held in collaboration with Spectrum – a Yangon-based sustainable development knowledge network - was the first in a series of events to follow-up on the Transparency in Myanmar Enterprises (TiME) report and build business capacity in the area of anti-corruption and human rights.
Traditionally, the practice of risk management comprises acceptance, transfer...Tommy Seah
Traditionally, the practice of risk management comprises acceptance, transference, elimination, control, sharing, insurance and avoidance of a diverse array of risks. Risk management and internal control business models have subsequently been devised which cater for all eventualities - categorised by terms such as business, operational and reputational risk.
Corporate Fraud & Corruption Annual Review 2016 - entrevista a Rafael HuamánEY Perú
El Corporate Fraud & Corruption Annual Review 2016 es una publicación de Financier Worldwide, en la que se presentan las opiniones de profesionales líderes alrededor del mundo acerca de las últimas tendencias en fraude corporativo y corrupción.
Esta edición cuenta con una entrevista a Rafael Huamán, Socio Responsable del Área de Anticorrupción y Prevención de Fraude de EY Perú.
Fraud Risk Management | Fraud Risk Assessment - EY IndiaErnst & Young
Check out the edition of fraud risk management & fraud risk assessment understanding the client's organizational structure & business environment. For more details, visit http://bit.ly/1RtohKr.
Fraud Risk Management | Fraud Risk Assessment - EY IndiaNishantSisodiya
Check out the edition of fraud risk management & fraud risk assessment understanding the client's organizational structure & business environment. For more details, visit http://bit.ly/1RtohKr.
Anti-Bribery and Corruption Compliance for Third PartiesDun & Bradstreet
In this white paper, Kelvin Dickenson, Managing Director of D&B Global Compliance Solutions, discusses thoughtful approaches to buidling a scalable, effective and proportionate anti-corruption program for third-party due dilligence.
Fraud, bribery and corruption: Protecting reputation and valueDavid Graham
In support of International Fraud Awareness Week, Deloitte Risk Advisory has published a series of articles, the second of which has been introduced below. This article lists ten areas that executives and the audit committee should evaluate to help mitigate reputational risks of fraud, bribery and corruption
Third Annual Conference on Anti-Corruption - C5 Anti-Corruption Spain, 17 - 1...Hernan Huwyler, MBA CPA
Building an Effective Compliance and Risk Management Program Amid Criminal Code Reform, Latest Public Prosecution Service and Supreme Court Judgments.
One year after the Criminal Code Reform: A Q&A with members of the Supreme Court, Public General Prosecutor Office and Tax Authorities
• Addressing an Employee’s Corrupt Conduct
• How to Respond to Bribe Requests and Resolve Complex Ethical Dilemmas
• Developing Robust Internal Accounting Controls to Detect Bribery Risks of – The Perspective of IBEX Companies
• How to Ensure Your Company’s Whistleblowing Systems Comply with Data Protection Requirements
• Focus on Bribery Internal Investigations: Planning for, Managing Data Constraints, Remediation and Disclosure
• The new corporate criminal liability regime: How to localize a global anti-corruption program
• What to do when corruption is suspected
• How to get senior management support and buy-in from employees
Presented at the MENA-OECD Business Integrity Training, 22-25 April, Kuwait. Organised by the MENA-OECD Investment Programme in cooperation with the IMF-Middle East Center for Economics and Finance
Society of Corporate Compliance and Ethics SCCE 2015 developing an effective ...Craig Taggart MBA
Areas Covered in the Webinar:
Identify fraud risks and the factors that influence them
Analyze existing risk management frameworks and their application to managing fraud risk
Develop and implement the necessary components of a successful fraud risk management program
Identify the elements of a strong ethical corporate culture
Conduct a cost effective fraud risk assessment
Overcoming compliance fatigue - Reinforcing the commitment to ethical growth ...EY
This presentation is based on EY FIDS' 13th Global Fraud Survey. It highlights the state of fraud, bribery and corruption, comprising global as well as India findings.
For further information, please visit: http://www.ey.com/FIDS
On Tuesday, 23 September, MCRB hosted a half-day workshop on “Anti-Corruption Programmes” for Myanmar businesses in Yangon. The workshop, held in collaboration with Spectrum – a Yangon-based sustainable development knowledge network - was the first in a series of events to follow-up on the Transparency in Myanmar Enterprises (TiME) report and build business capacity in the area of anti-corruption and human rights.
5 Keys to an Effective Ethics and Compliance ProgramCase IQ
A robust ethics and compliance program is much more than just policies and documentation. Ethics and compliance must be ingrained in the company culture and fostered throughout a company’s processes and interactions.
Join Marc Tassé, an anti-corruption compliance expert, consultant, professor and speaker, as he outlines strategies for creating and maintaining a strong ethics and compliance program that will keep your company safe from corruption and associated risks.
Corporate Fraud & Corruption Annual Review 2016 - entrevista a Rafael HuamánEY Perú
El Corporate Fraud & Corruption Annual Review 2016 es una publicación de Financier Worldwide, en la que se presentan las opiniones de profesionales líderes alrededor del mundo acerca de las últimas tendencias en fraude corporativo y corrupción.
Esta edición cuenta con una entrevista a Rafael Huamán, Socio Responsable del Área de Anticorrupción y Prevención de Fraude de EY Perú.
Fraud Risk Management | Fraud Risk Assessment - EY IndiaErnst & Young
Check out the edition of fraud risk management & fraud risk assessment understanding the client's organizational structure & business environment. For more details, visit http://bit.ly/1RtohKr.
Fraud Risk Management | Fraud Risk Assessment - EY IndiaNishantSisodiya
Check out the edition of fraud risk management & fraud risk assessment understanding the client's organizational structure & business environment. For more details, visit http://bit.ly/1RtohKr.
Anti-Bribery and Corruption Compliance for Third PartiesDun & Bradstreet
In this white paper, Kelvin Dickenson, Managing Director of D&B Global Compliance Solutions, discusses thoughtful approaches to buidling a scalable, effective and proportionate anti-corruption program for third-party due dilligence.
Fraud, bribery and corruption: Protecting reputation and valueDavid Graham
In support of International Fraud Awareness Week, Deloitte Risk Advisory has published a series of articles, the second of which has been introduced below. This article lists ten areas that executives and the audit committee should evaluate to help mitigate reputational risks of fraud, bribery and corruption
Third Annual Conference on Anti-Corruption - C5 Anti-Corruption Spain, 17 - 1...Hernan Huwyler, MBA CPA
Building an Effective Compliance and Risk Management Program Amid Criminal Code Reform, Latest Public Prosecution Service and Supreme Court Judgments.
One year after the Criminal Code Reform: A Q&A with members of the Supreme Court, Public General Prosecutor Office and Tax Authorities
• Addressing an Employee’s Corrupt Conduct
• How to Respond to Bribe Requests and Resolve Complex Ethical Dilemmas
• Developing Robust Internal Accounting Controls to Detect Bribery Risks of – The Perspective of IBEX Companies
• How to Ensure Your Company’s Whistleblowing Systems Comply with Data Protection Requirements
• Focus on Bribery Internal Investigations: Planning for, Managing Data Constraints, Remediation and Disclosure
• The new corporate criminal liability regime: How to localize a global anti-corruption program
• What to do when corruption is suspected
• How to get senior management support and buy-in from employees
Presented at the MENA-OECD Business Integrity Training, 22-25 April, Kuwait. Organised by the MENA-OECD Investment Programme in cooperation with the IMF-Middle East Center for Economics and Finance
Society of Corporate Compliance and Ethics SCCE 2015 developing an effective ...Craig Taggart MBA
Areas Covered in the Webinar:
Identify fraud risks and the factors that influence them
Analyze existing risk management frameworks and their application to managing fraud risk
Develop and implement the necessary components of a successful fraud risk management program
Identify the elements of a strong ethical corporate culture
Conduct a cost effective fraud risk assessment
Overcoming compliance fatigue - Reinforcing the commitment to ethical growth ...EY
This presentation is based on EY FIDS' 13th Global Fraud Survey. It highlights the state of fraud, bribery and corruption, comprising global as well as India findings.
For further information, please visit: http://www.ey.com/FIDS
On Tuesday, 23 September, MCRB hosted a half-day workshop on “Anti-Corruption Programmes” for Myanmar businesses in Yangon. The workshop, held in collaboration with Spectrum – a Yangon-based sustainable development knowledge network - was the first in a series of events to follow-up on the Transparency in Myanmar Enterprises (TiME) report and build business capacity in the area of anti-corruption and human rights.
5 Keys to an Effective Ethics and Compliance ProgramCase IQ
A robust ethics and compliance program is much more than just policies and documentation. Ethics and compliance must be ingrained in the company culture and fostered throughout a company’s processes and interactions.
Join Marc Tassé, an anti-corruption compliance expert, consultant, professor and speaker, as he outlines strategies for creating and maintaining a strong ethics and compliance program that will keep your company safe from corruption and associated risks.
Gestión de riesgos financieros con derivados y su impacto tributarioEY Perú
El pasado martes 1 de agosto se llevó a cabo el Desayuno Ejecutivo de Instrumentos Financieros Derivados; en el que Antonio Benites (Socio de FAAS) junto a Lucas García (Gerente Senior de FAAS), Jose Luis Osorio (Gerente de FAAS) y Darío Paredes (Socio de Tax), analizaron los principales riesgos financieros con derivados, desde el punto de vista contable así como su incidencia en la tributación.
Hay un nuevo tipo de robots que están transformando las TI: los “software robots”. Estos son un conjunto de comandos inteligentes que se comunican con los sistemas digitales y están programados para seguir reglas y completar tareas, sin embargo, en la actualidad están convirtiéndose en una fuerte alternativa en los servicios de tercerización de TI
¿Cómo podemos identificar un potencial ataque cibernético? Nuestro estudio “Generando confianza en el mundo digital” te enseña sobre los posibles escenarios en los que puede llevarse a cabo un ataque cibernético y cómo hacerle frente.
La inteligencia artificial está cambiando la forma en que vivimos y trabajamos. Buscar predicciones, previsiones meteorológicas, carros que se conducen solos y reconocimiento de voz son algunos ejemplos de aplicaciones donde podemos ver la presencia de la inteligencia artificial en nuestra vida diaria.
03062024_First India Newspaper Jaipur.pdfFIRST INDIA
Find Latest India News and Breaking News these days from India on Politics, Business, Entertainment, Technology, Sports, Lifestyle and Coronavirus News in India and the world over that you can't miss. For real time update Visit our social media handle. Read First India NewsPaper in your morning replace. Visit First India.
CLICK:- https://firstindia.co.in/
#First_India_NewsPaper
01062024_First India Newspaper Jaipur.pdfFIRST INDIA
Find Latest India News and Breaking News these days from India on Politics, Business, Entertainment, Technology, Sports, Lifestyle and Coronavirus News in India and the world over that you can't miss. For real time update Visit our social media handle. Read First India NewsPaper in your morning replace. Visit First India.
CLICK:- https://firstindia.co.in/
#First_India_NewsPaper
‘वोटर्स विल मस्ट प्रीवेल’ (मतदाताओं को जीतना होगा) अभियान द्वारा जारी हेल्पलाइन नंबर, 4 जून को सुबह 7 बजे से दोपहर 12 बजे तक मतगणना प्रक्रिया में कहीं भी किसी भी तरह के उल्लंघन की रिपोर्ट करने के लिए खुला रहेगा।
हम आग्रह करते हैं कि जो भी सत्ता में आए, वह संविधान का पालन करे, उसकी रक्षा करे और उसे बनाए रखे।" प्रस्ताव में कुल तीन प्रमुख हस्तक्षेप और उनके तंत्र भी प्रस्तुत किए गए। पहला हस्तक्षेप स्वतंत्र मीडिया को प्रोत्साहित करके, वास्तविकता पर आधारित काउंटर नैरेटिव का निर्माण करके और सत्तारूढ़ सरकार द्वारा नियोजित मनोवैज्ञानिक हेरफेर की रणनीति का मुकाबला करके लोगों द्वारा निर्धारित कथा को बनाए रखना और उस पर कार्यकरना था।
31052024_First India Newspaper Jaipur.pdfFIRST INDIA
Find Latest India News and Breaking News these days from India on Politics, Business, Entertainment, Technology, Sports, Lifestyle and Coronavirus News in India and the world over that you can't miss. For real time update Visit our social media handle. Read First India NewsPaper in your morning replace. Visit First India.
CLICK:- https://firstindia.co.in/
#First_India_NewsPaper
In a May 9, 2024 paper, Juri Opitz from the University of Zurich, along with Shira Wein and Nathan Schneider form Georgetown University, discussed the importance of linguistic expertise in natural language processing (NLP) in an era dominated by large language models (LLMs).
The authors explained that while machine translation (MT) previously relied heavily on linguists, the landscape has shifted. “Linguistics is no longer front and center in the way we build NLP systems,” they said. With the emergence of LLMs, which can generate fluent text without the need for specialized modules to handle grammar or semantic coherence, the need for linguistic expertise in NLP is being questioned.
An astonishing, first-of-its-kind, report by the NYT assessing damage in Ukraine. Even if the war ends tomorrow, in many places there will be nothing to go back to.
2. REPRINT • FINANCIER WORLDWIDE • MAY 2018 www.financierworldwide.com
A N N UA L R E V I E W
C O R P O R AT E F R AU D
& C O R RU P T I O N
Peru■
■ Q. To what extent are boards and senior
executives in Peru taking proactive steps to
reduce incidences of fraud and corruption
from surfacing within their company?
HUAMAN: Law 30424 and Legislative Decree
1352, which incorporate the administrative
responsibility of legal persons to act on offences of
transnational and local bribery, money laundering
and financing of terrorism, came into force in
Peru on 1 January 2018. These new measures, and
the corruption scandals related to the Lava Jato
case, have pushed the issues of compliance and
reputation protection to the top of boardroom
agendas in Peru. The legislative developments
contain provisions which may exempt companies
from responsibility if they are able to prove that a
prevention programme was implemented before
the crime was committed. The five components
of this prevention programme, which, while not
mandatory, are proactive steps that companies can
take. First, companies should appoint a compliance
officer to articulate the programme to employees.
Second, they should assess, identify and mitigate
any possible corruption and money laundering
risks. Third, they should implement a whistleblower
hotline. Fourth, they should implement staff
training and education schemes. Finally, they should
RAFAEL HUAMAN
CORNELIO
EY
Partner
+511 4114 443
rafael.huaman@pe.ey.com
Rafael Huaman Cornelio is a partner
at EY responsible for corporate
prevention, fraud investigation
and dispute resolution consulting
services. He has led projects related
to the strengthening of corporate
ethics culture, such as designing
and implementing whistleblower
programmes, designing fraud
prevention programmes and
designing corporate compliance
programmes. He has led projects
related to dispute resolution
services, having provided expert
testimony. He has conducted
complex investigations related to
fraud and irregular activities in the
corporate environment at the local
and international level, applying
computer forensic and data analysis,
and advanced in-depth interview
techniques.
3. A N N UA L R E V I E W • C O R P O R AT E F R AU D & C O R RU P T I O N
MAY 2018 • FINANCIER WORLDWIDE • REPRINT 8www.financierworldwide.com
to continue to monitor the progress of the
programme.
■ Q. Have there been any significant legal
and regulatory developments relevant to
corporate fraud and corruption in Peru
over the past 12-18 months?
HUAMAN: In January 2017, a modification was
made to Law 30424 through Legislative Decree
1352, which was focused on active transnational
bribery, incorporating the crimes of money
laundering, financing of terrorism and local
bribery – both generic and specific active bribery
– related to the administrative responsibility of
legal persons. Sanctions may range from fines,
disqualifications, cancellation of licences and the
closure of companies. This regulation came into
force on 1 January 2018. Finally, on 26 April
2018, the Integrity and Fight against Corruption
National Plan was published through Supreme
Decree 044.
■ Q. When suspicions of fraud or
corruption arise within a firm, what steps
should be taken to evaluate and resolve
the potential problem?
HUAMAN: All companies should have
response procedures and protocols established
to counter suspicions of fraud or corruption.
These procedures should include establishing
an ethics committee, assessing the information
received to determine whether an investigation
is warranted, and meeting various reporting
obligations. Furthermore, based on the ethics
committee protocol, the procedures should
convoke the right persons, depending on the
suspicion, such as internal and external legal
counsel, communication or human resources.
An investigation, utilising internal or external
resources, should also be launched and the
results evaluated. Related to the investigation,
it is critical that the team identifies sources of
information, safeguards the evidence, establishes
the objective of the investigation, and determines
the internal and external communication
protocols.
■ Q. Do you believe companies are
paying enough attention to employee
awareness, such as training staff to
identify and report potential fraud and
misconduct?
PERU • RAFAEL HUAMAN CORNELIO • EY
4. REPRINT • FINANCIER WORLDWIDE • MAY 2018 www.financierworldwide.com
A N N UA L R E V I E W
C O R P O R AT E F R AU D
& C O R RU P T I O N
HUAMAN: Boards of directors and senior
management are increasingly aware of the
importance of training. The key issue, however,
is that often companies just pay ‘lip service’ to
the process. They just want to see that employees
are attending the training sessions and often
make no effort to ensure that the content of
the sessions has been fully understood by the
audience. No exams or tests are being performed
to certify that employees have internalised the
importance of the topics covered in the training.
The focus of the training sessions is often merely
to comply with the law and not provide specific
messages tailored to the audience and the level
of risk they face on a daily basis. Best practice
for some companies is to complement their
regular training sessions with training for high-
risk third parties. Finally, more companies should
implement whistleblower hotlines.
■ Q. How has the renewed focus
on encouraging and protecting
whistleblowers changed the way
companies manage and respond to reports
of potential wrongdoing?
HUAMAN: The main challenges that
companies face with this new approach are
oriented mainly toward strengthening response
capacities, in order to be better prepared to
analyse and supervise investigations through
ethics committees. A more solid investigation
will uncover evidence that could support the
response actions that the company would take,
and at the same time protect whistleblowers. In
order to encourage and protect whistleblowers,
it is important to consider how an ethics hotline
should be handled, as well as the structure of the
ethics committee and how reports received by
the committee will be managed.
■ Q. Could you outline the main fraud
and corruption risks that can emerge from
third-party relationships? In your opinion,
do firms pay sufficient attention to due
diligence at the outset of a new business
relationship?
HUAMAN: The Lava Jato case has shown that
third-party relationships are one of the main
sources of risk companies face. This situation
has reinforced the need to have a prevention
programme in place, which has, as one of its key
elements, due diligence processes to examine
high-risk third parties. The main fraud and
corruption risks that can emerge from these
relationships, for example, relate to hiring an
agent or a consultant to obtain a required licence
or permit quicker than usual, and having a
consortium of companies, over which you have
no control of who they are hiring or what they
are doing to get things ready, or hiring agents to
win a trial ‘at any cost’ in exchange for a success
fee. Companies are starting to pay attention to
these risks, and are implementing controls that
cover them.
■ Q. What advice can you offer to
companies on implementing and
maintaining a robust fraud and
corruption risk management process, with
appropriate internal controls?
HUAMAN: To implement and maintain a
robust fraud and corruption risk management
process, there are three key elements to consider.
First is the ‘tone at the top’, which is the
genuine commitment of senior management
to the process. If this process is important to
senior management, it will be important to the
rest of the organisation. Senior management
5. MAY 2018 • FINANCIER WORLDWIDE • REPRINTwww.financierworldwide.com
A N N UA L R E V I E W • C O R P O R AT E F R AU D & C O R RU P T I O N
must be involved in the main activities of the
prevention programme, through the decision-
making process, as well as speeches, emails and
formal communications. The second key point
is employee awareness. All employees should
know or be aware of the zero-tolerance policy
concerning corruption and fraud. Employees
should be trained to know the behaviours that
are expected by the company. The messages
should be permanent and communicated at all
levels of the organisation. The third point is
risk identification, evaluation and prioritisation,
which will generate ad hoc controls which
should be put in place for critical risks. These
new controls will significantly reduce the
‘opportunity’ factor for fraud and corruption.
Monitoring the programme is necessary to
follow up on the effectiveness and design of the
controls. ■
EY is committed to building a better working world – with increased trust and
confidence in business, sustainable growth, development of talent in all its forms
and greater collaboration.The firm wants to build a better working world through
its actions and by engaging with like-minded organisations and individuals.
Running through EY is a strong sense of obligation to serve a number of different
stakeholders who count on the firm to deliver quality and excellence in everything
they do. EY wants to use its global reach and scale to convene the conversation
about the challenges facing economies and the capital markets.
RAFAEL HUAMAN CORNELIO
Partner
+511 4114 443
rafael.huaman@pe.ey.com
CECILIA MELZI
Partner
+511 4114 444
cecilia.melzi@pe.ey.com
www.ey.com
“ Boards of directors and senior management are
increasingly aware of the importance of training. The
key issue, however, is that often companies just pay
‘lip service’ to the process. ”
PERU • RAFAEL HUAMAN CORNELIO • EY