Monitorships

Regulators and corporate executives are increasingly seeking third parties to assess, supervise and monitor corporate organizations’ compliance with company policies, procedures, relevant laws and regulations and corporate ethics programs. These monitorships arise under various mandated circumstances, such as deferred prosecution agreements (DPAs), non-prosecution agreements (NPAs) and other consent decrees. They may be voluntary in the case of a construction monitorship; corporate ethics monitor or ombudsman.

We have created business monitoring and compliance programs at the request of boards of directors or corporate executives to detect and prevent fraudulent and/or unethical activity and to enhance an organization’s integrity. Kroll’s monitoring teams combine local knowledge, industry understanding and expertise in financial accounting, enterprise risk management, compliance, internal audit and related disciplines.

Our professionals have acted as independent consultants/monitors to global financial institutions and gaming entities as part of their resolutions of AML and Office of Foreign Assets Control enforcement actions brought by state, federal and international regulators as well as gaming commissions including:

• New York Department of Financial Services (NYDFS)
• Financial Crimes Enforcement Network (FinCEN)
• Federal Reserve Board of Governors
• Financial Conduct Authority (FCA)
• Prudential Regulatory Authority (PRA)
• Autorité de Contrôle Prudentiel et de Résolution (ACPR)
• New South Wales Independent Casino Commission the South Australian Government

Kroll also provides corporations with independent oversight of large-scale construction projects, strategically managing costs by reducing waste, fraud and abuse through monitoring. Our integrated, programmatic approach to cost containment includes vendor integrity reviews, training, operational and administrative oversight and post-construction analysis and reporting.