The news, analysis, and information resource for the well-informed chief compliance officer and audit executive. Likes and retweets are not endorsements.
Nearly 50 percent of compliance professionals in the financial industry believe last year’s FinCEN Files leak had an overall positive impact on global AML efforts, according to a new survey from ACAMS.
The FDA’s decision last month to deny a citizen petition on behalf of short sellers with positions in Cassava Sciences stock highlights the damage the commonly exploited regulatory process can have on a company, regardless of innocence or guilt.
Join
@V_Comply
and Michael Rasmussen (
@GRCPundit
) for a webinar to learn about how technology can be used to establish a modern compliance program for your organization.
Leading privacy campaigner
@maxschrems
criticized the penalties of the EU's newly enacted
#GDPR
on data companies at this month's
#CWE2018
. "I wonder if, for these guys, the 4 percent [penalty] is even sufficient."
In honor of
#ComplianceOfficerDay
, we’re celebrating the value that compliance professionals deliver to their organizations. Click here to learn more:
"If we can’t make the difficult the discussable, then how are we going to help those who need it most?" -
@RichardBistrong
analyzes Paul J. Zak's book, “Trust Factor: The Science of Creating High-Performance Companies,” in his latest review.
New from CW:
@Jaclyn_Jaeger
takes a deep dive into the fraud alleged in a securities lawsuit against AT&T that, according to one employee, "makes Wells Fargo look like angels."
The U.K.s keenness to agree to its own data adequacy decisions with countries like the United States could become a contentious issue with the European Union, according to the
@EU_EDPS
.
Avoid regulatory fines and increase profitability by providing highly efficient and secure processing, immediate knowledge and communication and informed reporting here:
@aXpire_official
We’re celebrating “Compliance Officer Day” by releasing the results of our first annual “Inside the Mind of the CCO” survey. Throughout the day, we'll share trends on motivations, challenges, salaries, and much more. Stay tuned!
"Trust is a foundation of ethics. How ethical you are generates trust." - L’Oréal Chief Ethics Officer Emmanuel Lulin shares in a Q&A with CW how the 110-year-old company maintains a modern approach to ethical business.
For Citi CCO Mary McNiff, a wealth of different experiences in the banking industry led her to compliance. She shared initiatives she’s undertaken in her first year in the role during her keynote at
#CW21
on Wednesday.
Compliance-focused data analysis can not only ensure a more ethical business culture—it can also directly impact an organization’s bottom line.
@tfoxlaw
explores.
The widely used "Three Lines of Defense" model received a major update, ditching its defense focus in an effort to greater promote collaboration among the different lines.
New podcast: Kyle Welch, a George Washington University associate professor of accountancy, discusses findings from his research on internal whistleblowing and compliance dashboards built by publicly traded U.S. companies to leverage hotline data.
Good morning! Welcome to day 1 of
#CWE2018
. Get ready for a full day of GDPR, E&C training, regulatory change management, data privacy, third-party risk, culture, and more. Don't forget to download our conference app for the latest updates.
Thanks to all who have engaged with us on social at
#CWE2018
. Given the spirited response, we've decided to give away TWO copies of "The Compliance Handbook" by Tom Fox.
Congratulations,
@NSchinzig
and
@CatherineVaug14
! Visit
@esucher
at our booth today to claim your prize.
Overhauling the ethical principles of a 119-year-old company was a bold move by
@U_S_Steel
Chief Compliance Officer Duane Holloway -- one that earned him the distinction of becoming our first-ever CCO of the Year.
#ExcellenceinCompliance
They’re the best and brightest thought leaders in the fields of governance, risk, compliance, and ethics: Meet our Top Minds Class of 2018! They'll be receiving their awards at
#CW18
later this month in Washington, DC
Compliance Week has revealed finalists for six Excellence in Compliance honors, including CCO of the Year, top compliance program, and more. Winners will be announced during our 2021 Virtual Conference from May 11-13.
Have a question on leadership, influencing, or improving your compliance team? Submit it to the
#AskAmii
mailbag for the chance to have it answered by executive coach
@amiibb
in our next special report.
The Securities and Exchange Commission has found that McDonald’s violated federal securities law when it failed to fully disclose material factors regarding the firing of former CEO Stephen Easterbrook in 2019.
#SEC
#McDonalds
@SECGov
With the GDPR celebrating its one-year anniversary over the weekend, we look back on the implementation of the EU regulation with help from a panel of compliance and privacy officers at
#CW2019
.
“It is becoming much harder for companies to stay neutral and stay in the middle, because silence and neutrality can itself mean taking a position” -
@FollowAlisonT
joins
@tfoxlaw
to discuss the importance of CEO
#activism
on this week's
#podcast
.
Nominations for this year's “Excellence in Compliance Awards” close Saturday -- don't miss out on the chance to recognize the compliance superstars in your life.
The Public Company Accounting Oversight Board found seven of eight
#audit
engagements it reviewed in
#China
and
#HongKong
contained deficiencies.
#PCAOB
Chair Erica Williams called the landmark inspections “a powerful first step toward accountability.”
A new
#KPMG
survey of chief compliance officers at Fortune 500 companies found nearly three out of every four expect to enhance their compliance functions in response to pressure from regulators and their own boards.
@KPMG
#chiefcomplianceofficer
#survey
A recent
@intcompassoc
roundtable on managing resources while confronting regulatory change looked at the importance of balancing machine learning and artificial intelligence with human intelligence and intervention.
“I wish someone stood up and blew the bugle,” Gov. Andrew Cuomo said of the early stages of coronavirus. But someone did back in December, and how they were treated is an example of the dangers of not supporting whistleblowers.
British law firm Mishcon de Reya agreed to pay a financial penalty of £232,500 (U.S. $316,000) for AML compliance violations regarding customer due diligence and the maintenance of CDD records.
"Rebuilding trust permeates everything" - Wells Fargo CCO Mike Roemer chats with
@josephmont
about the daunting task ahead of him in his role and his views on compliance and risk management trends.
"If we took the typical approach, which is you’re not allowed to have any conflict ... we would not have many of the people who are with us" - David Bunker, compliance officer at Vulcan, explains to
@tfoxlaw
his process of combating conflict of interest.
Jennifer Lee, head of compliance at
@Anchorage
, writes an op-ed highlighting the launch of TRUST as “the clearest sign yet that digital asset players, as an industry, not as individual companies, truly care about compliance.”
CCO/CECO of the Year will be awarded to the practitioner who has best demonstrated leadership, effectiveness, collaboration, communication, constructiveness, and vision at his or her organization. Check out the finalists for Excellence in Compliance.
“You have to be more than just your product—you have to be an organization that is creating some other kind of good" - Ellen Hunt (
@ethicsintegrity
) of
@AARP
joins
@tfoxlaw
to champion the need for companies to have a compliance expert on their board.
Accelerate your career with
@IElaw
's Master in Global Corporate Compliance, a cutting-edge program that prepares professionals to respond to new regulatory demands, serving the critical needs for firms, regulators, and government agencies.