MIAMI, April 25, 2022 /PRNewswire/ — Blockchain technology is now playing a key role in helping companies strengthen their compliance program to fight corruption. One of the largest anti-corruption monitoring companies in Latin America has partnered with a blockchain solution provider to help multinational corporations operating around the world fight corruption.
BH Compliance, which has just opened a US office in miamiadopts innovative technology to ensure data integrity in the fight against corporate corruption.
“We are excited to bring a new level of technological innovation to our monitoring services so that our clients can be assured that our monitoring program is one of the best in the world,” said the CEO of BH Compliance. Susana Sierra in miami. “When it comes to business compliance, we are changing history with the implementation of blockchain. Going forward, every piece of evidence our program generates to show that a business is doing everything in its power to prevent corruption will have a digital “fingerprint” and will be kept in our server by blockchain technology. This new level of security adds even more credibility and authenticity to the supporting documents that may be needed in the event that a multinational would be caught up in a compliance investigation in five to 10 years.
A recent annual report by Transparency International revealed that the fight against corruption is stagnant around the world, with little or no progress over the past 10 years. This grim scenario has been exacerbated by the pandemic, which has led to loosening controls and increased purchases through direct deals.
About BH Compliance
BH Compliance was co-founded by an entrepreneur Susana Sierra in Chile in 2011 to monitor corporate compliance programs and shed light on a company’s business and financial risks. Over the years, the firm has worked with companies with strong regulatory compliance cultures to create compelling reports on their best practices to protect their reputation and financial future. Some of its current and past clients include Walmart Chile, GM Financial, BCI, Itaú, MetLife, Liberty Seguros, Principal and Telefonica. As an impartial third party, BH Compliance analyzes the quality and effectiveness of a company’s risk-based compliance program, the metrics a company collects and uses to help detect misconduct, and whether a Compliance is regularly reviewed to update policies, procedures and controls. to comply with U.S. Department of Justice guidelines and national anti-corruption laws. For more information, visit https://www.bh-compliance.com/en/
Paola Iuspa Abbott
SOURCE BH Compliance