Guide for Practitioners: How to Effectively Monitor Anti-Corruption Compliance

Compliance Week

12.06.2019

In this article, Alice Hsieh and Vera Powell, Senior Counsel of Global Compliance for Uber, discuss the practical ways that companies can monitor the effectiveness of their compliance given evolving business profiles, growing geographic footprints, channels to market, and clients served. The authors offer concrete steps companies should take to design and operationalize anti-corruption compliance monitoring systems. "There is no best-in-class standard for compliance monitoring systems. What works for one company may not necessarily work for another," the authors wrote. "Rather than striving for the most technologically advanced, data analytics-driven approach, practitioners should aim to design and operationalize compliance monitoring systems that accurately and consistently identify the types of risks specific to their companies and mitigate these risks."