Compliance

In the advent of automated GRC tools, data-compliance professionals are shooting themselves in the feet by over-relying on old-fashioned spreadsheets. Joe Stanganelli and Alia Luria discuss a better way to manage GRC data. Terry Ray, a senior vice president at cybersecurity-software firm Imperva, is fond of saying that even when organizations are able to identify where their data is, they...

With Europe’s fifth AML directive set for implementation in a matter of months, banks should be preparing now. Opus’ Kelvin Dickenson explores how the regulations have changed. In an effort to quash money laundering, sanctions evasion and the funding of terrorist activities in the EU, regulators have overhauled the 4th Money Laundering Directive (4MLD) with the laudable goal of increased...

Jay Rosen, “Mr. Monitor,” continues his series on corporate monitorships. Here, he discusses the various ways a proactive pre-settlement monitorship is used and the reasons an organization may want to employ one. Today we are exploring the many uses of pre-settlement monitorships. Most generally, a pre-settlement monitorship occurs when an organization engages an independent body to conduct any kind of...

First published by CCI in 2014, Jeff Kaplan's Compliance & Ethics Risk Assessment: Concepts, Methods and New Directions covers an array of risk assessment ideas, methods, practices, tools and noteworthy items of C&E-related history. It's more than a compilation of Kaplan’s popular columns for Corporate Compliance Insights -- the timeless book supplements and informs C&E risk assessments of all kinds,...

The Clifford Chance team covers OFAC’s recently published “Framework for OFAC Compliance Commitments,” with a particular focus on how the guidelines will impact companies based or operating in the Asia-Pacific region. with co-authors Ali Burney and Nick Turner Officials from the U.S. Office of Foreign Assets Control (OFAC) have been teasing for months that they would issue guidelines to help...

Roger Carson, Co-Founder and Global Financial Sales Director at encompass corporation, introduces the concept of digital know your customer (KYC) profiles. Created by intelligent automation, digital KYC profiles help financial institutions manage and retain valuable information, control complexity and reduce costs while improving compliance. The KYC Legacy KYC can prove difficult for financial institutions of all sizes; it is often...

Michael Volkov details the settlement between the U.S. OFAC and Haverly Systems, which was found to be in violation of federal sanctions.

Data security is a boardroom issue, a geographical issue and a local issue. The cost of noncompliance can be crippling, both financially and reputationally.

The Export Control Reform Act became law last August. Here, Wendy Wysong and Hena Schommer analyse what the regulation means for companies.

Brian McCalmon concludes his three-part series on antitrust risk in this installment on the potential risks of participating in a trade association.

Compliance has yet to adopt a proper management system to substantiate the critical role they play. SEI’s Kevin Byrne discusses how, rather than continuing to raise compliance issues as they occur, CCOs should graduate to consistent, ongoing management-level reporting.

Michael Volkov sheds light on recent False Claims Act cases brought against Duke University and MedStar Health – both with violations spanning multiple years.