Compliance

Compliance professionals’ jobs are made immeasurably more difficult without the support of the board. Michael Volkov offers five concrete actions the compliance department can take to enhance the board-compliance relationship. In today’s aggressive enforcement environment, corporate board members have a target on their respective backs. Even with robust liability insurance, corporate boards are operating in a state of “ignorance is bliss.”...

Jay Rosen considers what a monitor would review to determine if a company adequately considered ethics and compliance during the M&A process. There are two distinct phases in the M&A process: pre- and post-acquisition. In each phase, an independent monitor would look at different aspects of it. The first is the planning, negotiation and due diligence. This review goes up...

As compliance regulations grow in complexity, organizations will need to both protect their reputation and avoid costly enforcement actions. LexisNexis Risk Solutions’ Leslie Bailey discusses how best to manage the challenge. Anti-money laundering (AML) compliance costs have continued to increase at a dramatic pace. Our recent study projected that the cost of compliance for U.S. and Canadian financial services firms...

While moving email to the cloud can be relatively straightforward, moving messaging and collaboration channels to Office 365 raises a significant number of questions pertaining to how those communications are captured and preserved for regulatory compliance and e-discovery purposes. Office 365 offers native archiving features which require thorough analysis to determine if they are sufficient to meet each organization’s e-discovery...

Welcome to a new feature at CCI:  We're calling it "New Voices," and it's a way to showcase the fresh perspectives offered by those who are new to careers in compliance.  Margarita Derelanko shares the wisdom she’s found on succeeding in compliance, albeit from an unlikely source: her experience with motherhood. Here, Margarita offers guidance relevant to parents and compliance...

At this year’s ACAMS AML & Financial Crime Conference in Las Vegas, it was clear that an ever-changing environment is driving urgency around combating risk. K2 Intelligence’s Michelle Goodsir and Gabe Hidalgo discuss this and other hot topics from the event. At the 18th Annual ACAMS AML & Financial Crime Conference in Las Vegas, it was clear that an ever-changing...

Compliance practitioners beware: Following regulations doesn’t always mean you are doing the right or moral thing. Join Sandra Erez in uncovering hidden demons in the rarely seen “dark side” of compliance and hope the day won’t come when you will have to decide which side you are on. “The only real struggle in the history of the world ... is...

Jay Rosen considers the impact mergers and acquisitions have on both the acquired entity and the acquirer, starting with the inherent risk in the entire M&A process. Surprisingly, a company’s ethical and cultural perspective is not often considered in the pre-acquisition phase. Companies spend huge amounts of resources to hire lawyers, investment bankers and accountants for the pre-acquisition phase. They...

The new communication and collaboration tools millennials insist on are creating data retention nightmares in the workplace. The trouble is, the tools also bring increased productivity to organizations that rely on them. That's why compliance and IT professionals are giving in to pressure. They're abandoning prohibition policies that didn't work in the first place, and now they're struggling to stay...

It's the most detailed statement to-date of OFAC’s views on the best practices that companies should follow to ensure compliance with U.S. sanctions laws and regulations, and some would call it a total "game changer." It's meant to be a roadmap for ABAC compliance practitioners working to prevent sanctions violations from occurring in the first place and, when violations do...

Jay Rosen discusses how to assess ethics and compliance in the context of a merger or acquisition, what to look for in an assessment and why you should consider engaging an independent third party. Many issues in the M&A context are driven by the target or acquired company and usually arise due to the acquiring entity not paying enough attention...

Fred Geldon discusses how establishing a credible compliance program can help contractors and compliance professionals to manage risks specific to government contracting. Read Part 1 here. Special compliance requirements apply when doing business with the government. Many practices or activities that are legal and acceptable in the commercial marketplace are not legal or acceptable in the federal government marketplace. Violating...