As regulatory enforcement agencies continue to raise the bar on compliance expectations for large multinational organizations, the role of monitors is becoming more prevalent. Monitors – whether self-appointed by the company as a proactive measure or court- or government-appointed as part of a settlement agreement with regulators – oversee efforts to remediate wrongdoing cited by government agencies, as well as to ensure misconduct does not recur.
StoneTurn serves as a self- and government-imposed independent monitor following settlements with regulators. We also help companies and counsel to prepare for and interface with government-appointed compliance monitors; serve as a forensic adviser to monitors and maintain a dedicated focus on assessing and implementing compliance aspects of remediation programs; and select, assemble and embed industry-focused operational experts into the forensic advisory team.
Our experts bring decades of experience in forensic investigations, compliance and risk management. Our senior professionals currently serve as Independent Compliance and Business Ethics Monitor to a Top 10 global investment bank; Executive Deputy Independent Compliance Monitor to a Fortune 10 automaker; and Forensic Adviser to the Independent Compliance Monitor of one of the world’s largest institutional alternative asset managers, as well as Forensic Adviser to the National Highway Traffic Safety Administration (“NHTSA”)-appointed and DOJ-appointed Monitor of a Tier 1 automotive supplier.
Our monitorship experience also includes serving as the NYS Department of Financial Services-appointed Independent Compliance Monitor to the nation’s largest non-bank mortgage servicer and as forensic adviser to the DOJ-appointed Foreign Corrupt Practices Act (“FCPA”) Monitor of a $250 billion oil and gas conglomerate and $6 billion medical device manufacturer.