Compliance and ethics programs have the ability to protect companies from, and minimize the impacts of, an array of internal and external risks. Businesses worldwide can benefit from creating programs that prevent or detect violations of law or industry mandates, demonstrate their commitment to acting ethically, encourage prompt reporting of any digression, assess the variety of risks that the company faces, and emphasize a culture of integrity. By implementing robust compliance and ethics programs, businesses will be better prepared to comply with international, federal, and state laws and regulations, as well as industry mandates, standards and internal corporate policies.
The U.S. Federal Sentencing Guidelines and statements by the Organization of Economic Co-operation and Development Good Practice Guidance offer guidance on the key attributes of an effective compliance risk mitigation program – to help companies safeguard against threats of corruption and fraud, and mitigate penalties in the event of an issue. Beyond working to meet these guidelines, Ankura strives to build compliance and ethics programs that remediate existing issues, and foresee and prevent future problems. Compliance and ethics programs should be created to do more than just solve issues as they arise; they should function and adapt at the same fast pace as the company and its industry. By working efficiently to solve problems, and proactively to minimize potential risks, businesses will be able to experience the unquantifiable benefits of avoiding regulatory fines and penalties and mitigating future negative impacts on their brand.
Our seasoned compliance consultants include former prosecutors, government officials, and forensic accountants, who have served as advisors for companies on the development of compliance and ethics strategies and programs to minimize the risk of violating the regulations and industry mandates.
Our firm specializes in the following services:
- Designing, implementing and reviewing compliance policies, procedures and controls
- Designing and implementing effective compliance and ethics strategies and oversight measures
- Conducting compliance and ethics risk and effectiveness assessments
- Monitoring and auditing policies, practices and procedures to ensure the effectiveness of the compliance program
- Conducting periodic audits of policies, procedures and controls
- Evaluating existing compliance programs and making recommendations for remediation and enhancement
- Developing and conducting employee training programs
- Compiling information in support of disclosure of issues to the appropriate authority, where necessary