Decoding VerSanG, The New German Law To Strengthen Integrity In Business

Date: Thursday, July 8, 2021 | Time: 10 am CEST

Speakers

Prof. Dr. Bartosz Makowicz

Prof. Dr. Bartosz Makowicz
Professor of Law, European-University Viadrina

Hernan

Prof. Hernan Huwyler
Sr. Lead IT Risk and Control Governance , Danske Bank

Samir Thakkar..

Samir Thakkar
Growth Manager Europe, MetricStream

German legislative authorities are introducing a new law named VerSanG, touted to be more efficient than earlier versions in handling white-collar crime and strengthening the integrity of companies. Detailed discussions spanning five years led to the draft bill titled Gesetz zur Stärkung der Integrität in der Wirtschaft (Law to Strengthen Integrity in Business). With a bid for approval that began in 2020, the government is looking at its implementation in the coming two years. With the introduction of VerSanG crimes will now be classified as corporate offences as against the earlier nomenclature of corporate criminal offence. The new law will be applicable only to those corporations with commercial business operations. The new regulation will also result in lower monetary sanctions and will make corporate convictions public.

Join this webinar where experts will share insights on:

  • Creating awareness about the new law – and how it is different from the existing regulation
  • Highlights on the extent of the law and the penalties associated with it
  • What companies need to do to avoid harsh penalties?
  • Leveraging MetricStream Regulatory Compliance Solution to meet cross-industry regulations, such as the VerSanG

 

In case you’re unable to catch the live webinar, please register to receive the recording which you can watch at your convenience.

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