DOJ and SEC Escalate Action and Issue More Than 1/2 Billion in Fines in First Half of 2014 - Is Your Compliance Oversight Effective?

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DOJ and SEC Escalate Action and Issue More Than 1/2 Billion in Fines in First Half of 2014 - Is Your Compliance Oversight Effective?

Source Intelligence® and CREATe Partner to offer Anti-Corruption Assessment and Solution
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DOJ and SEC Issue More Than 1/2 billion in Fines In First Half of 2014 - Is Your Compliance Oversight Effective?
Thursday, August 14, 2014 - 5:05am

CAMPAIGN: Conflict Minerals

CONTENT: Press Release

WASHINGTON / Carlsbad, Calif., August 14, 2014 /3BL Media/ – According to a 2014 Mid-Year FCPA Update, during the first half of 2014, the U.S. Department of Justice (DOJ) and the U.S. Securities and Exchange Commission (SEC) initiated 15 anti-corruption enforcement actions, 3 of which totaled $494 million in fines.

Source Intelligence® and the Center for Responsible Enterprise And Trade ( announce the launch of an anti-corruption compliance solution that enables multinational companies to mitigate the risks of corruption among supply chain and business partners in countries throughout the world.

“Source Intelligence identifies supplier risk upstream and downstream for more than 100 global brands”, commented Jess Kraus, CEO and co-Founder of Source Intelligence, “at the request of our customers, we’ve expanded our services to address bribery, corruption and third-party risk.” 

Cross-border anti-corruption enforcement by the DOJ and SEC is changing aggressively, and companies need to know where they stand in the context of these changes in order to implement an effective solution. Source Intelligence teamed with CREATe to offer an assessment and compliance program based on leading international guidance. The service covers seven key business process categories – from policies, procedures and records to supply chain management - that encompass an effective compliance program.

The service features:

  • An online assessment to measure the maturity of management systems that a supplier or business partner has in place to prevent corruption;
  • An Independent Evaluation from a anti-corruption expert;
  • A cloud-based platform combined with a 24/7 multi-lingual supplier engagement team to address anti-corruption among business partners and suppliers through:
    • Policy, Procedures and Records;
    • Information to make informed decisions;
    • Efficient mechanisms for training and capacity building;
    • Monitoring and measurement of supplier compliance; and
    • Supplier certification with a non-corruption guarantee (insurance protection with monetary coverage).

“The combination of CREATe’s anti-corruption assessments and benchmarking capabilities with Source Intelligence’s robust compliance ‘platform and people’ approach offers multinationals a powerful new way to address anti-corruption compliance,” stated Pamela Passman, President and CEO of

The service is now available and offered in English, Chinese, Portuguese and Spanish. To learn more, download a copy of Anti-corruption Compliance for the Value Chain, Implementing Best Practices on a Global Scale, or contact for more information.

About Source Intelligence
Source Intelligence® is the leading supply chain transparency company that provides a SaaS platform to help customers make informed decisions about their business partners and suppliers, so they can offer products that meet legal, ethical, and environmental standards. Its cloud-based platform and regulatory compliance and assessment services provide customers with visibility into their sensitive service providers, supply chain and material sources to minimize operational and brand risk, and improve efficiency for the world’s largest brands. Source Intelligence® combines the best of cloud-based technology with a 24/7 Supplier Engagement Team to provide clients with the scalability, flexibility and expertise needed to turn supply chain and supplier data into a meaningful and actionable decision tool. Source Intelligence® is headquartered in Carlsbad, CA with operations that extend globally.

About the Center for Responsible Enterprise And Trade (
The Center for Responsible Enterprise And Trade ( is a non-governmental organization dedicated to helping companies and their suppliers and business partners reduce counterfeiting, piracy, trade secret theft and corruption. To achieve our objectives, we have developed CREATe Leading Practices for IP Protection and CREATe Leading Practices for Anti-Corruption, two services based on best practices drawn from companies around the world, academics, and other leading organizations. Our offering includes practical, scalable and cost-effective online assessments, independent evaluations, training and other resources designed to benchmark and improve practices for safeguarding IP and preventing corruption. Companies around the world are usingCREATe Leading Practices to measure and improve systems for IP protection and anti-corruption. The service is available in Chinese, English, Portuguese and Spanish. For more information, please email or visit


Lina Ramos
+1 (877) 916-6337
Chief Business Officer, Source Intelligence®
Anne Walker
+1 (206) 517-2638
Director of Marketing and Communications,
Keywords: Business & Trade | Business Ethics | | Center for Responsible Enterprise And Trade | Corporate Social Responsibility | Ethical Consumerism | Ethical Production & Consumption | Source Intelligence | Sustainability Business | Sustainability Professionals | Sustainable Enterprises

CAMPAIGN: Conflict Minerals

CONTENT: Press Release