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Control Chatter

December 2025

News that Control Professionals need to know

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The ICI "Certification Series" of online courses

The ICI "Certification Series" has been completely updated and is available online to everyone around the world! Course content prepares individuals to design and/or assess internal control and to assist management in installing internal control processes. In addition, the series prepares candidates for the Certified Internal Control Specialist (CICS) Examination. To review the course catalog click

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ICI is committed to providing you with the tools necessary to achieve your professional goals and we understand that communicating your credentials in an ever-expanding online marketplace can be challenging. That is why we have partnered with Credly to provide you with a digital version of your credentials. Digital badges can be used in email signatures or digital resumes, and on social media sites such as LinkedIn, Facebook, etc. This digital image contains verified metadata that describes your qualifications and the process required to earn them.

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Internal Control Chatter

Each month the staff of The Internal Control Institute reviews hundreds of articles related to Internal Control and Corporate Governance. Here are brief summaries of some of the top articles (along with links to the original article) that may be of interest to you.


We wish all our associates around the world Happy Holidays and a prosperous New Year---The Staff

SFO Publishes New Guidance on Evaluating Corporate Compliance Programmes

On 26 November 2025, the Serious Fraud Office (SFO) published its Updated Guidance on how it would evaluate a company’s compliance programme (the Guidance) for the purposes of prosecutions, considering defences to the ‘failure to prevent offences’ and assessing factors relevant to sentencing, among others. The new Guidance sets out six scenarios where the SFO may assess a compliance programme. A key addition is where an organisation will have a defence of ‘reasonable procedures’ for the purposes of the failure to prevent fraud offence under s.199 of the Economic Crime and Corporate Transparency Act 2023 (ECCTA). A significant portion of the Guidance focuses on the ECCTA defence, which is discussed in detail below. 

Read The Article

December 18, 2025

Top 10 International Anti-Corruption Developments for November 2025


Designed for busy in-house counsel, compliance professionals, and anti-corruption lawyers, this newsletter summarizes some of the most important international anti-corruption law and enforcement developments from the past month, with links to primary resources. This month we ask: How did a Foreign Corrupt Practices Act (FCPA) resolution involving an alleged Guatemalan bribery scheme reflect the new U.S. foreign bribery enforcement priorities? What updates did the United Kingdom (UK) Serious Fraud Office (SFO) make to its corporate compliance guidance? What steps did France, Kuwait, the United Arab Emirates (UAE), and Morocco take toward enhancing their anti‑corruption efforts? The answers to these questions and more are here in our November 2025 Top 10.

See the Top Ten

December 16, 2025

FCPA Enforcement is Back: Is Your Compliance Program Ready?


The Department of Justice (DOJ) message at the recent American Conference Institute Foreign Corrupt Practices Act (FCPA) conference was clear: FCPA enforcement is alive and well.

Deputy Attorney General Todd Blanche, Acting Assistant Attorney General Matthew Galeotti, and FCPA Unit Chief David Fuhr confirmed that after the pause in early 2025, enforcement has returned to a “more traditional cadence.” Even more striking: the DOJ’s whistleblower program has received more than 1,100 submissions since launch, with over 50 percent referred to prosecutors for investigation.

Read The Article

How Advanced Learning Systems Are Changing Corporate Training

In industries where mistakes can lead to serious consequences, training is not just a routine requirement—it is a responsibility. Organizations working in regulated environments must ensure that employees fully understand procedures, safety standards, and compliance rules. As these industries continue to evolve, many companies are rethinking how they approach corporate learning and development. For a long time, corporate training focused mainly on completion. Employees were expected to finish assigned courses, watch presentations, and pass basic assessments. While this approach satisfied formal requirements, it often failed to prepare workers for real-world challenges. As operations grow more complex, the gap between theoretical training and actual workplace demands has become increasingly clear.

Read The Article

How to Build a Successful Anti-Corruption and Whistleblower Program

Over the past 40 years of trial and error, we now know precisely how to create a successful whistleblower and anti-corruption program.  We know the specific procedures that nation-states must employ if they truly want to prosecute crimes such as foreign bribery, money laundering, tax evasion, and similar frauds. We know the role that Non-Governmental Organizations (NGOs), journalists, and human rights defenders must play in this process.  Most significantly, we also know the incredibly impactful results of creating, implementing, and enforcing modernized whistleblower and anti-corruption laws. We know that whistleblowers can win and the corrupt officials can be sanctioned, fined, and jailed. Before we discuss the procedures needed to create a successful transnational anti-corruption program, it is important to look at the results obtained in the handful of existing programs that are the models for future legislation:

Read The Article

Crypto fraudster sentenced for 'epic' $40bn stablecoin crash

11 December 2025

A former crypto entrepreneur who was behind two digital currencies that collapsed and lost an estimated $40bn (£29.9bn) has been sentenced by a New York judge to 15 years in prison for an "epic" fraud.

Do Kwon, a South Korean national, was co-founder of Singapore-based Terraform Labs, which developed the TerraUSD and Luna digital coins. Kwon had admitted misleading investors about TerraUSD, a so-called stablecoin that was supposed to maintain its value against the US dollar. He was one of a number of crypto bosses to face charges in the US after digital tokens slumped in 2022, triggering the failure of several companies.

Read The Article

TIGO Guatemala Paid Over $118M To Resolve Foreign Bribery Investigation

December 12, 2025

In November 2025, Comunicaciones Celulares S.A., doing business as TIGO Guatemala, a mobile and fixed telecommunications service provider in Guatemala, paid over $118 million to resolve an investigation by the Justice Department into a long-running scheme to bribe government officials in Guatemala. TIGO Guatemala is a wholly owned subsidiary of Millicom International Cellular, S.A. (“Millicom”), an international telecommunications company incorporated and headquartered in Luxembourg that has its principal place of business in the United States.

TIGO Guatemala entered into a two-year deferred prosecution agreement (DPA) in connection with a criminal information filed in the Southern District of Florida charging the company with one count of conspiracy to violate the anti-bribery provisions of the Foreign Corrupt Practices Act (FCPA).

Read The Article

Top Stories of 2025

Tariffs took their toll, the FCPA took a break, and AI took over (hopefully not literally)

December 10, 2025 

2025 was as advertised: the second Trump Administration introduced unprecedented uncertainty and disruption into the operations of organizations large and small across all sectors. And AI use just kept on expanding, bringing its own uncertainty and potential for disruption. Legal and compliance experts help CCI dig into what made news in governance, risk and compliance professions this year and what we can expect in 2026.

Top Stories of 2025 | Corporate Compliance Insights

ICI World Wide Affiliates

Bangladesh

Contact: Mr Aminur Rahman

Email: info@aaa-associate.com

Tel: +88 01749 400600

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Tel: +0022997492600

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Tel: +55 11 2599 8360
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Tel: +237 658 292 978
The website of ICI Cameroon is now operational https://icicameroon.org/

Our first CICS session in April is online only
China
Contact: Mr Qiu Jianting
Email: cert@neikong.com
Tel: 400-098-1119 or 010 68004176

Europe

Contact: Mr.Nikolai Triffet 

Email: nikolai@icib.org

India
Contact: Mr Summit Goyal
Email: info@bncglobal.in
Tel: +91 9810 575 613

Korea

Contact: Mr Bu-geum Chu

Email: buchu@artner.co.kr

Tel: +82 70 4489 7241

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Email: nguzman@businesssolutionvalley.com

Tel: +52 811 181 3514

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Tel: +962 6 5927171
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Tel: +212 (0) 522-872-585
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Tel: +40 752 525 525
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Contact: ICI Asean

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Tel: +90 312 442 50 15
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Email: salazarras1970@gmail.com
Tel: +58 426 737 8096 or + 58 416 291 3788
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Email: info@fmit.vn
Tel: 848 3803 5020
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Email: admin@internalcontrolinstitute.co.zw
Tel: +263 4 443124

Control Quote

I love it when people come up to me and they say a line. Like, you know, 'My name is Indigo Montoya. You killed my father. Prepare to die.'

Rob Reiner

About ICI
The Internal Control Institute™ (ICI) is a worldwide organization devoted exclusively to internal control and corporate governance. The Institute is dedicated to the development of world-class educational programs and best practice guidelines on internal control and corporate governance, based on the Sarbanes-Oxley Act and the COSO internal control framework.
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