IACA at the Siemens Compliance Summit

IACA’s Dean and Executive Secretary, Martin Kreutner, spoke about “Compliance of the Future” at the Siemens Compliance Management Summit 2015 in Berlin yesterday.

Mr. Kreutner was a panellist in a wide-ranging discussion about the challenges facing corporate compliance. Topics included doing business in emerging markets, regulatory trends, finding the right mix of specialists and generalists, the structure of corporate compliance departments, and the role of education and training.

“High-quality training for corporate compliance officers can make a substantial difference around the world, not only in building and strengthening a compliance culture, but also in its effective enforcement,” he said.

The discussion was moderated by Klaus Moosmayer, Siemens’ Chief Compliance Officer, Anti-Corruption Chair of the Business and Industry Advisory Committee at the OECD, and a frequent lecturer at IACA—most recently at the IACA Summer Academy in July.

IACA and Siemens continue to cooperate closely in empowering anti-corruption and compliance professionals.

In December 2014, the Siemens Integrity Initiative announced that it will support IACA’s activities with 4.98 million USD in the next four years. This is the largest donation made by the private sector so far to the Academy’s anti-corruption education and research.

In addition, the Siemens Integrity Initiative has co-sponsored IACA’s Summer Academy since 2011, allowing for subsidized fees for all participants and full scholarships for some from Least Developed Countries. This engagement has supported a total of 349 participants from 104 countries to attend the programme over five years.

The Siemens Integrity Initiative is part of the World Bank-Siemens comprehensive settlement. In 2009, the company launched a global initiative of 100 million USD to support organizations and projects which are dedicated to fighting corruption and fraud through collective action, education, and training. The World Bank has the audit rights over the use of all these funds.

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