Foreign corruption
Just as Andrew Weissmann was named the new chief of
the Fraud Section of the Department of Justice, a new Ernst & Young study
shows increased enforcement of the Foreign Corrupt Practices Act (FCPA).
In his new post, Weissmann will oversee investigations
into interest-rate manipulation and foreign bribery, including FCPA cases.
According to the EY study, called “Top Fraud and
Corruption Trends for 2015,” there has been an increase in cyber security risk,
higher levels of FCPA enforcement, and more use of forensic data analytics in
anti-bribery and anti-corruption monitoring.
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