Seeing and Believing Key For Compliance Regulators

It’s well understood that having a compliance program that addresses potential bribery or other FCPA-type infractions has two complementary benefits: It makes infractions less likely, and if an infraction occurs, the fact there is a compliance program can garner some leniency from the regulators. The latter should not be taken for granted, however. “For regulators, seeing that a company has a compliance program in place is not enough,” writes CPA Global attorney and compliance officer Laura Martino. “They also have to believe that the company is serious about its enforcement of the program.”