The Globalization of Anticorruption Enforcement and Risk

The Globalization of Anticorruption Enforcement and Risk

May 06, 2018

In part two of our two-part interview, John Arvanitis, Associate Managing Director for Compliance, Kroll, shares his views of the recent Kroll-Ethisphere Anti-Bribery & Corruption Benchmarking Report, with a focus on global enforcement, third-party risk, as well as the collection and ranking of risk data.  The complete report can be found here.

In this nineteen-minute interview, John focuses on:

  • The risk of anti-bribery and corruption risk due to increased regulatory enforcement and the prospect of new global regulations.
  • The continued perils associated with detecting third-party risk, particularly where third parties are providing incomplete or inaccurate on-boarding information.
  • The importance of on-going and interval monitoring.
  • Is the data being used by multinationals the ‘right’ data?
  • What should trigger on-going and/or interval monitoring?
  • How far down into the supply chain should we go in order to assess risk?
  • The need to refresh data to verify that it’s accurate.
  • The importance of risk-ranking, both in theory and in practice.
  • Using compliance programs as a pro-active tool to mitigate and assess risk.
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John Arvanitis ASSOCIATE MANAGING DIRECTOR, Compliance Risk and Diligence

John Arvanitis is an Associate Managing Director in the Compliance Risk and Diligence practice of Kroll, a division of Duff & Phelps, based in the New York Office. John advises clients worldwide on anti-money laundering matters and other aspects of compliance programs, bringing impactful and valuable insight to their challenges via his extensive international and domestic financial investigative experience. He has significant experience across a broad range of compliance-related programs, including anti-money laundering, know your customer, global AML processes, and program and policy formation.

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John Arvanitis