Post by account_disabled on Oct 18, 2023 6:40:19 GMT
During the 21st century, we face several challenges, such as, for example, the digital revolution, the fight against corruption, the covid-19 pandemic and wars, which have brought significant changes to society. Among the great advances, did you know that Compliance is already transforming times of war around the world?
Globalization has made it possible for disastrous events that occurred on the other side of the ocean to impact us, demanding a response from both the Public Power, society and the private sector.
And Compliance is no longer an intrinsic tool for legislative Brother cell phone list actions, reaching unpredictable levels and increasingly complex scenarios, such as the conflict between Ukraine and Russia.
In this context of war, the role of Compliance is fundamental for the control and management of risks in organizations, whether private or public.
The origins of Compliance in the World and in Brazil
The word Compliance derives from the English “to comply”, which means to comply with the legal system, rules and internal regulations of a company. Its origin is Anglo-Saxon, being strongly linked to the United States.
Compliance arose from the need to regulate the financial market that suffered a severe crisis in 1929, as a result of the crash of the New York Stock Exchange.
In the 1970s, in the USA, the Transnational Anti-Corruption Law – the Foreign Corrupt Practices Act (FCPA) – was created, which toughened penalties for American organizations involved in acts of corruption abroad.
And, the popularization of Compliance around the world occurred through the standards of the International Standardization Organization (ISO), which caused a change in behavior in several segments, and projected the need to implement Integrity Programs to the four corners of the world.
We cannot deny that corruption is still among the main categories of corporate crimes worldwide and that, consequently, it interferes with the image and reputation of organizations. But progress has certainly begun, even if small.
Compliance is gradually gaining ground and proving its essentialism: it has taken on a fundamental role in combating illicit practices in the private sector, which was previously almost unilaterally required of public agents. In this role, he placed the public and private sectors in mutual cooperation to prevent and combat corruption and also direct the mindset towards a culture of integrity.
Another important fact in this timeline was the signing of the Convention on Combating Corruption of Foreign Public Officials in Commercial Transactions. And then it was the turn of the Foreign Corrupt Practices Act (FCPA) of 1977 to be the inspiration for the OECD (Organization for Economic Co-operation and Development) Convention in 1997.
In Brazil, Compliance began to gain visibility in 1922, with the opening of the national market to foreign companies. At the time, the country adapted to ethical standards to combat corruption. The action was necessary due to the growing competitiveness between transnational companies.
And it was only in 2014 that Brazil addressed the issue again, with the discovery of corruption schemes involving public and private companies, as well as public agents. The Lava-Jato operation began at this time; addressing misconduct, such as money laundering and, subsequently, diversion of public funds from companies, such as Petrobras (which has public and private capital).
How is Compliance transforming times of war around the world?
Until its performance reaches almost untouchable contexts, such as the war between Russia and Ukraine, and thus the era of Compliance emerges in the four corners of the world.
From this conflict came the premises of a new crisis affecting political forces, the global economy and, consequently, the corporate sphere. And, with the intention of avoiding another collapse, in a phase of post-pandemic recovery, the vast majority of countries that are members of the UN Security Council and NATO mobilized using economic embargo strategies to isolate Russia and mitigate the conflict.
Globalization has made it possible for disastrous events that occurred on the other side of the ocean to impact us, demanding a response from both the Public Power, society and the private sector.
And Compliance is no longer an intrinsic tool for legislative Brother cell phone list actions, reaching unpredictable levels and increasingly complex scenarios, such as the conflict between Ukraine and Russia.
In this context of war, the role of Compliance is fundamental for the control and management of risks in organizations, whether private or public.
The origins of Compliance in the World and in Brazil
The word Compliance derives from the English “to comply”, which means to comply with the legal system, rules and internal regulations of a company. Its origin is Anglo-Saxon, being strongly linked to the United States.
Compliance arose from the need to regulate the financial market that suffered a severe crisis in 1929, as a result of the crash of the New York Stock Exchange.
In the 1970s, in the USA, the Transnational Anti-Corruption Law – the Foreign Corrupt Practices Act (FCPA) – was created, which toughened penalties for American organizations involved in acts of corruption abroad.
And, the popularization of Compliance around the world occurred through the standards of the International Standardization Organization (ISO), which caused a change in behavior in several segments, and projected the need to implement Integrity Programs to the four corners of the world.
We cannot deny that corruption is still among the main categories of corporate crimes worldwide and that, consequently, it interferes with the image and reputation of organizations. But progress has certainly begun, even if small.
Compliance is gradually gaining ground and proving its essentialism: it has taken on a fundamental role in combating illicit practices in the private sector, which was previously almost unilaterally required of public agents. In this role, he placed the public and private sectors in mutual cooperation to prevent and combat corruption and also direct the mindset towards a culture of integrity.
Another important fact in this timeline was the signing of the Convention on Combating Corruption of Foreign Public Officials in Commercial Transactions. And then it was the turn of the Foreign Corrupt Practices Act (FCPA) of 1977 to be the inspiration for the OECD (Organization for Economic Co-operation and Development) Convention in 1997.
In Brazil, Compliance began to gain visibility in 1922, with the opening of the national market to foreign companies. At the time, the country adapted to ethical standards to combat corruption. The action was necessary due to the growing competitiveness between transnational companies.
And it was only in 2014 that Brazil addressed the issue again, with the discovery of corruption schemes involving public and private companies, as well as public agents. The Lava-Jato operation began at this time; addressing misconduct, such as money laundering and, subsequently, diversion of public funds from companies, such as Petrobras (which has public and private capital).
How is Compliance transforming times of war around the world?
Until its performance reaches almost untouchable contexts, such as the war between Russia and Ukraine, and thus the era of Compliance emerges in the four corners of the world.
From this conflict came the premises of a new crisis affecting political forces, the global economy and, consequently, the corporate sphere. And, with the intention of avoiding another collapse, in a phase of post-pandemic recovery, the vast majority of countries that are members of the UN Security Council and NATO mobilized using economic embargo strategies to isolate Russia and mitigate the conflict.