Embracing Data-Driven Strategies in Anti-Bribery and Anti-Corruption Compliance
In the evolving landscape of anti-bribery and anti-corruption (ABAC) compliance, organizations are encouraged to move beyond traditional methods and adopt data-driven approaches. Rajesh Melappalayam, CFE, highlights the importance of leveraging data analytics to proactively identify and address bribery and corruption risks. This shift aligns with recent updates from the U.S. Department of Justice's Evaluation of Corporate Compliance Programs, emphasizing the need for innovative strategies in compliance efforts.