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Mental health challenges experienced in the workplace are often, by default, suppressed. But patches of sunlight are shining through the cloud cover. Research suggests a supportive culture can elicit both higher employee engagement and greater productivity. The Olympics in Tokyo wrapped up a few weeks ago. What did you take away from the two weeks...

In a recent assessment, CFTC and FinCEN found the virtual currency exchange BitMEX lacked a number of licenses and had inadequate KYC, AML and CIP practices, among other infractions. The exchange incurred a $100 million penalty as a result. with contributing authors Jessica Hillier and Amanda Bonello On August 10, 2021, the Commodities Futures Trading...

Even before the Pfizer COVID-19 vaccine received full FDA approval, legal challenges to employer or government vaccine mandates were unlikely to be successful. One judge has already ruled in favor of defendants, while others are pending. Governments and private employers continue to grapple with the best way to achieve a safe workplace for their employees...

The past 12 months have seen a surge in proposals and voting trends related to environmental, social and governance (ESG) matters. Here, experts from Bass, Berry & Sims discuss activity from the Big Three asset managers (BlackRock, Vanguard and State Street) and offer takeaways for public companies in the year ahead.

As Kabul falls under the control of the Taliban and our leaders again fail to do the right thing, I feel like a spectator at a Greek tragedy. Shrieking warnings from their seats, the crowd cannot fathom why the players onstage are blind to the catastrophe that we so clearly see coming. Will the inherent...

Two years ago, the Business Roundtable released its “Purpose of a Corporation” statement, expressing a “fundamental commitment” to deliver value to all company stakeholders – not just shareholders. Today, as the global economy struggles to emerge from a terrible pandemic and move forward, how does this statement apply? The Business Roundtables’s (BRT) statement conveying a...

Doing business in Nigeria presents manifold challenges. But in terms of hurdles to clear, the regulations imposed by the FCPA are easily the most significant. Abuja-based Uchechi Dibiaezue lays out the dance steps below. Tap Compliance to Stave Off FCPA Violations The lapses in governance and administration in Nigeria has created opportunities for systematic corruption...

When it comes to COVID-19 and HIPAA, many misunderstand the law’s scope and purview, especially in a professional setting. Privacy attorney K Royal dispels common misconceptions within.

Announced in April, the Australian financial regulator's CP 340 goes into effect in October. ASIC's breach reporting update is going to make life more difficult and potentially more confusing for compliance officers at financial institutions across the country. The Australian Securities and Investments Commission (ASIC) released its new breach-related obligations on April 2021 with CP...

Navex Global VP Karen Alonardo has worked in the ESG space for decades. She has a simple message for companies just beginning to report: Start small and focus on what matters. Environmental, social and governance (ESG) is finally in the spotlight with the recent increase in investor interest. According to the 2020 biennial “Report on...

The Escobar decision paved the way for a potential loophole in the False Claims Act that U.S. senators aim to close. If passed, the False Claims Amendments Act of 2021 will fundamentally shift the regulatory landscape for businesses that contract with the government.

COVID-19 may be the most significant compliance challenge we’ve faced in modern times, and, as Calvin London writes, the handling of the pandemic – certainly where he lives, in Victoria, Australia – continues to provide insights into the practice of compliance. For a bit of background, Victoria must hold the record for the most number...

Published earlier this summer, the Engel List identifies over 50 prominent politicians and business people living in the Northern Triangle countries of Guatemala, Honduras and El Salvador. The move signals a renewed focus by the Justice Department in the region. On July 1, 2021, Secretary of State Antony Blinken issued a report listing 55 individuals...

Enforcement shifts are rumbling in Washington regarding a section of the Affordable Care Act. New actions could find your business exposed. Kyle Scott discusses four developments organizations should know regarding the ACA’s ESRP provision.

Recent history has revealed that traditional policies and systems aren’t enough to protect our organizations from significant disruption. Linedata’s Anup Kumar shares how companies can enhance enterprise capabilities across compliance, risk management, transparency and ethical decision-making by embracing the digital-first world.

From investigation to insurance eligibility, authors Edward Glickman, Scott Sherman and Josh Lewin describe a few scenarios you can expect to encounter when you are asked to join a special litigation committee. This article is the second in a two part series. Part 1 explains the underlying reasons for SLCs, the lawsuits in which SLCs...

Integrity is priceless. We need leaders who model what they believe and who practice what they preach. Advocating for the company code is great, but trust is built when you live your values out. In a recent Compliance Career Connection event, focused on the art of the elevator pitch, I found myself on the receiving...

Is the compliance profession stressful? We suspect the answer to the question is ‘yes.’ But we don’t know for sure or to what extent. That's why we're launching a survey.

Some risks do come and go. But amid headlines involving cyberattacks, climate change and corruption, it can be easy to forget that geopolitical risk forms the single most significant threat to businesses in a range of sectors. Geopolitical risk is the number one global corporate risk. Political and civil tensions remain high across the world....

Fraud thrives in chaos. The past 18 months revealed new opportunities on massive scales for fraud actors to take advantage of unsuspecting people and businesses. Successful criminal operators will only continue to refine their skills.

Trauma can lead a person to suffer from post-traumatic stress syndrome. Or it can trigger post-traumatic growth. Companies, being made of people, can also experience both. The pandemic has been traumatic for many companies. What was its effect on the company you work for? How has it responded to the trauma? Are you bracing for...

When companies are tasked with investigating the alleged misconduct of current or former officers and directors at the urging of shareholders, they have a few options. An SLC is often the best way forward. Authors' note: This article is the first in a two-part series designed to provide a high-level overview with key insights to...

While they did identify examples of shocking activity, Buzzfeed's and ICIJ's FinCEN Files didn't necessarily expose widespread wrongdoing, as its authors claimed. Instead, the story revealed glaring inefficiencies in anti-money laundering efforts. In September 2020, BuzzFeed and the International Consortium of Investigative Journalists (ICIJ) published information on over 2,100 leaked documents from the U.S. Financial...

Data security principles codified in cybersecurity protocols like GDPR, CCPA, PCI DSS and others are raising protection standards. They also spell more work for software developers. Managers, meanwhile, must decide whether to prioritize security in an unstable economy.

When managing global operations, companies must prepare two different accounting books for each country: one for internal reporting and one for local compliance purposes. weConnect’s Matthew Kyle explains how companies can avoid huge headaches and audit issues by marrying management and statutory accounting. Sponsored The Difference Between Management Accounting and Statutory Accounting As you may...

The data general counsel analyze for risk and compliance is increasingly displaying potential for value creation elsewhere in business operations. Corporations need to recognize this opportunity when it comes their way.

There's no doubt that AI in hiring has the potential make HR processes more efficient. But implementing this technology also carries with it significant risks that can nullify any workflow gains and carry outsized downstream consequences. Artificial intelligence (AI) technologies hold so much promise for the workplace. Technologies exist that can (at least in theory)...

As a senior member of the Wharton School faculty, I have noticed a new pattern emerging from discussions with students in my required MBA course on law, ethics and responsibility. More of them are telling stories about quitting their last jobs (including plum positions at some of the most prestigious firms in the world) to...

Digital savvy is becoming more than a desirable attribute that directors and senior executives aspire to embrace. Compelling research asserts that companies could be falling behind if their boards lack 21st century know-how. It is intuitive that the same applies to business leaders. Boards and business leaders are well aware of the digital revolution taking...

Low code software development will hasten some builds but hamstring others. Before incorporating these tools into your go-to-market strategy, take an honest look at your team and its capabilities. The right team can use low code software development to involve a broader range of professionals in the design and build process. But for others, it...