FIFA, Corruption and Sports Governance

blog, Regulatory Compliance, Risk Management

The world’s most popular sport is facing a crisis of confidence, and not without good reason. What started as an investigation by the United States Department of Justice into bribery concerning broadcast rights, has become a full scale investigation of FIFA as a whole.
Swiss authorities began looking into bribery charges concerning the 2018 and 2022 World Cup bidding process within hours of the broadcasting scandal, and at least 14 officials and marketers for FIFA have already been indicted for corruption.

Oversight and Audits are Necessary to Remedy Game-Fixing Plague

blog, Regulatory Compliance, Risk Management

The recent FIFA scandals have put the spotlight on corruption in sport, and we have been pointing out that in this situation, as with any similar problems in business or other organisations, good governance and ensuring proper compliance are key in minimising the issues.
But while the scandal of the day concerns bribery, there is another issue in global sports that has much stronger roots: the problem of game-fixing. In other words, players purposefully losing a game, holding back on their play, or otherwise disregarding fair play in return for money.
In this article, we discuss how game-fixing facilitated by online betting can be curbed, using a three-pronged compliance approach.

Inspection of Facilities and Sporting Venues – Due Diligence

blog, Regulatory Compliance, Risk Management

Sporting venues and facilities are places of excitement, fierce competition, and family fun. They can also be very dangerous for both participants and spectators alike. This is why these facilities must be monitored regularly for health and safety requirements or violations, and it must be done on a regular schedule and with strict adherence to policies.
In this article, we discuss due diligence in sporting venue inspections and some best practices for ensuring player safety.

Risk Management Doesn’t Mean Risk Aversion

Audit Management, blog, Compliance Management, Compliance Monitoring Software, Risk Management

There is a disconnect in today’s businesses that is causing significant losses in market value. That disconnect is shown in two ways. First, many companies equate risk management with risk aversion. That is, instead of actively monitoring and measuring the risk controls they put in place, they are simply setting the controls in place for maximum risk avoidance and then letting them ride.

Managing the PCI Compliance of 3rd Party Vendors

blog, Compliance Management, Compliance Monitoring Software, Risk Management

Third-party compliance issues can be a nightmare if you don’t do your due diligence (say that five times fast!). The truth is that there is still a lot of confusion when it comes to what third-party service providers are specifically required to be compliant with, but ensuring that compliance is your responsibility if you’re going to deal with them.
To keep your own business safe from costly compliance violations, you must check out and validate the third party service providers (TPSPs) you do business with.

Saying Goodbye to SSL and TSL

blog, Compliance Monitoring Software, Data Security & Privacy Compliance, Risk Management

Winston Churchill once said “To improve is to change; to be perfect is to change often”. Some might argue that we’ve taken that idea to the extreme and decided to be a society under constant change, in which case we should listen to Mr. Churchill’s further thought, that “There is nothing wrong with change, if it is in the right direction”.
In the case of security and compliance, that constant progress is definitely a good thing. The more secure customer and company data can be kept, the better. Keeping products safe and in good shape along supply lines is also good.

Earning China’s Trust through Auditing and Compliance

Audit Management, blog, Compliance Management, Compliance Monitoring Software, Risk Management, Supply Chain, Trust

If you were to try and imagine a new business opportunity that could literally double or triple your revenues quickly (or more), most business owners would get fairly excited. Opportunities like that don’t come along very often, but a great deal of Australian business owners are now looking head-on at one later this year.
The free trade agreement with China that will come into effect by the end of 2015 will undoubtedly affect many different industries over time, but the fresh food industry is first in line to reap big rewards.

Programmed Compliance and Cyber Security

blog, Compliance Management, Data Security & Privacy Compliance

A well maintained audit and compliance routine is paramount in any business when it comes to online/cyber security.  Just because you’ve followed the protocols set in place, it doesn’t mean that you can fight the fight against a major cyber security attack.  The compliance process needs to be a living and breathing entity, constantly curated and improved.
In this article we discuss the advantages of using programmed compliance in an agile process to guard against cyber attacks.