allocation, AML, antitrust, business, CCO, compliance, conflict, control, export, fraud, intrest, key, legal risks, mitigation, priority, program, resources, risk, sanction, strategy, transparency, violation
In the risk mitigation business, we often focus on legal risks, such as anti-corruption, sanctions, export controls, antitrust and AML. As compliance programs mature, and the CCOs focus on proactive strategies, one key issue is conflict of interest.
My experience with conflict of interest issues has confirmed that such conflicts often mask more serious compliance issues relating to fraud and even legal violations. As such, every CCO should consider making conflict of interest issues a higher priority in the scope of risk ranking and allocation of resources. Lire la suite