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Overcoming the Pitfalls of Disparate AML Compliance Systems
A compliance officer’s job can be complicated enough, but some financial institutions impose hardship by having too many disparate solutions working on the same problem. CaseWare RCM’s Eric Hansen explains why working in these compliance silos can make it...
How M&A Benefits from Independent Assessment
Pop quiz! What’s the best time to engage an independent monitor for an M&A process? Answer: “as early as is practicable.” Jay Rosen explores how an independent integrity monitor can benefit the entire M&A process. By engaging an independent...
Preparing for Generation Z – The Future of the Front Line in Risk Management
Generation Z is poised to comprise nearly a quarter of the global workforce – and they’ll shortly become the first line of defense for most organizations. MetricStream COO Gaurav Kapoor discusses some unique attributes, expectations and risks associated with...
Simplifying Compliance with an Inside-Out Security Mode
Shifting from an “outside-in” to an “inside-out” security strategy enables an organization to adapt readily to an ever-changing regulatory landscape – despite resource constraints. Optiv’s John Clark discusses. The adoption of the General Data Protection Regulation (GDPR) in April...
Enterprise Risk 2020: Are We Ready for Security 4.0?
G4S’ Rachelle Loyear points to several risk data points from ISACA’s recent State of Enterprise Risk Management survey, offers tactics to improve risk mitigation efforts and shares tips for learning from past industry trends. If you keep tabs on...
It’s Time to Reconsider the Term “Whistleblower”
NAVEX Global CCO Carrie Penman discusses how the derogatory meaning we’ve assigned the label “whistleblower” actually discourages the reporting we train and expect employees to do when they witness wrongdoing. For many years, I’ve been concerned that the term...
Where the CCPA and GDPR Overlap and Diverge
Before the CCPA becomes law on January 1, 2020, compliance officers worldwide (not just in California or the U.S.) need to be sure their companies are compliant. Are steps taken toward GDPR compliance sufficient? Termly’s Felix Sebastian explores the...
5 Steps to Improve Board Monitoring of 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...
Oversight of Merged Companies
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...
Navigating the California Consumer Privacy Act
With the California Consumer Privacy Act (CCPA) going into effect shortly, eSentire’s Mark Sangster deliberates on evolving data privacy laws and how companies can ensure stronger data privacy for customers. The 2018 Cambridge Analytica scandal was a watershed moment...
The Unaoil Exec’s Guilty Pleas: The Ahsanis’ Criminal Information
The bribery described here is audacious; the scale of the corruption is stunning. Monaco-based Unaoil maintained a global scheme of wrong-doing that involved more than 1,400 employees, 10 countries and at least 27 different entities. The company pleaded guilty...
Inconsistencies in FCPA Enforcement: Key Considerations for a Potential FCPA Voluntary Disclosure
In multiple recent cases, it seems the DOJ has softened its approach on charging self-disclosing companies for FCPA crimes involving aggravated circumstances. Bass, Berry & Sims’ Lindsey Fetzer, Thad McBride and Abby Yi discuss the implications. The U.S. Foreign...
Managing the Impact of AML Compliance: Technology vs. Human Capital
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...
CCPA Puts Consumers in Control of Their Data
Thanks to CCPA, Californian consumers are about to have more control over their personal data. Evident CEO David Thomas stresses that identity verification is key if organizations hope to prevent fraud when responding to data subject requests. January 1,...
The True Cost of Website Inaccessibility
If you think retooling your website to be fully accessible is cost prohibitive, consider the cost of noncompliance. Deque Systems CEO Preety Kumar explores what a lack of accessibility can cost an organization. Legal action taken against companies for...
Sexual Harassment: Focus on Culture, Not Compliance
The #MeToo and #TimesUp movements have spurred heated discussions around the prevalence of sexual harassment. Now is the time to shift from talk to action. Debbie Shotwell, Chief People Officer at Saba Software, offers three steps you can take...
What’s the Plan? – Planning a Post-Acquisition Merger Strategy
How should you plan your post-acquisition merger strategy? Jay Rosen continues his series on monitoring in an M&A context with this exploration of how to strategize the merger following an acquisition. To plan your post-acquisition merger strategy, first you...
How Emerging Technologies Are Disrupting the Banking Compliance Landscape
Cutting-edge technologies create footprints in all aspects of life, and banking compliance is no exception. Financial crimes compliance expert Sujata Dasgupta looks at the daily impact these technologies have on banks and financial institutions. Financial crimes across the globe...
Moving Communications to the Cloud? Consider Compliance Before Migrating
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....
Confessions of a Young Mom and Compliance Professional
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...
Open Enrollment: Engaging, Educational, Compliant?
An important (though often overlooked) aspect of open enrollment is compliance. Buck’s Melissa Maher offers steps compliance and HR professionals can take to ensure an engaging, educational and compliant experience for employees. Now is the time of year when...
2019 Reputational Risk Study: Acknowledging Compliance Gaps
The court of public opinion often moves faster and perhaps more harshly than most courts of law. That's why The Red Flag Group surveyed business decision makers against 20 compelling questions to determine the importance of protecting reputation. The...
The Board’s Role in AML Compliance
Ola Tucker, founder of Compliance Notes, discusses the board of director’s oversight role with respect to a financial institution’s BSA/AML compliance program, as well as the specific responsibilities arising out of that role. Anti-money laundering compliance has been a...
What Happens in Vegas: Takeaways from the ACAMS Conference
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...
How to Drive Faster Action on Emerging Risks
Gartner’s Matt Shinkman discusses a sound strategy to increase executive urgency to address exposure to emerging risks, including building agreement on risk impact and presenting leadership with solution options. Gartner research suggests that 90 percent of risk leaders believe...
Unmasking the Role of Compliance Personnel
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...
Ethical Fit: What Impact Do M&As Have on Both Parties?
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...
Electronic Communications Risk: How to Achieve Compliance Without Sacrificing Productivity
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...
AI and HR: Will AI Chatbots Replace the Employee Handbook?
Fisher Phillips associate Samantha Saltzman explores the potential application of artificial-intelligence-powered chatbots in HR, including the possible benefits of employing AI chatbots and the limitations employers can expect. When faced with a problem or question, where do you look...
Intentional Control Design: Pillar 2 of the CRF for Cybersecurity and ERM
Cognitive governance is the first of five pillars making up the cognitive risk framework; the second is intentional control design. James Bone discusses chief considerations around intentional design. The five pillars of a cognitive risk framework are designed to...
