Articles

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Compliance Needs its Own Digital Transformation

Companies that have begun a digital transformation from point-in-time compliance assessments to real-time management are already realizing benefits. Coalfire’s Adam Shnider discusses the need to transition from old approaches to new ones. The growing burden of compliance costs is becoming unsustainable, and it will create even more problems if we don’t abandon old traditions and...

Compliance Alone Won’t Prevent Wirecard-Like Scandals

Compliance Alone Won’t Prevent Wirecard-Like Scandals

Allegations of financial misconduct dogged German payment processing giant Wirecard AG since its inception; why did it take so long to uncover the fraud? Michael Toebe muses here about the perils of ego and unchecked greed. Wirecard's gross financial misconduct and resulting scandal and crisis has been dubbed the Enron of Germany by some analysts....

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ICA Partners with AMPEC to Offer Anti-Money Laundering and Anti-Corruption Education in Mexico

ICA’s full suite of accredited qualifications will be offered in partnership with the Mexican Association of Ethics and Compliance Professionals July 9, 2020 – The International Compliance Association (ICA), the leading professional body for the global regulatory and financial crime compliance community, has partnered with the Mexican Association of Ethics and Compliance Professionals (AMPEC) to...

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Shining a Light on Our AML Failings

The answer to being more effective at stopping money launderers is to challenge the value of processes that are clearly failing. Financial crime expert Martin Woods explains. Earlier this year, David Lewis, the Executive Secretary of the Financial Action Task Force (FATF), was asked to provide his opinion on how effective the global anti-money laundering...

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Miller & Chevalier: LatAm Anti-Corruption Efforts Experiencing Two Steps Forward, One Step Back

Washington, DC (July 8, 2020) – Despite Latin America's anti-corruption progress over the last decade, including blockbuster investigations, high-powered politicians and business leaders behind bars and improved laws in key jurisdictions, new survey data reveals corruption risk to be at an all-time high across the region. The 2020 Latin America Corruption Survey, released today by Miller &...

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Making Management Risk Committees Effective

Many companies have a management risk committee as part of their risk infrastructure. While not a part of the board, such committees nonetheless can contribute to the board’s risk oversight. Protiviti’s Jim DeLoach speaks to how to maximize the MRC’s effectiveness. Whether organized in the form of a designated management risk committee (MRC) or a...

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Getting Your Systems Battle-Ready for the LIBOR Transition

As banks and financial institutions prepare for the end of LIBOR, the world’s most referenced interest rate, TCS North America’s Manoj Reddy addresses risk and uncertainty surrounding the coming change. The LIBOR (London Inter-Bank Offer Rate) transition is less than 18 months away. The world’s most referenced interest rate benchmark will soon cease to exist....

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The DOJ is Getting Smarter: The Revised Evaluation Criteria

It took a while, but the U.S. Department of Justice is getting ever smarter about analyzing compliance programs. Compliance Systems Legal Group Partner Win Swenson describes this historical trend, explains why it is happening and highlights important takeaways from the DOJ’s recently revised criteria. In 1995, four years after promulgation of the Organizational Sentencing Guidelines...

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Why Do We Believe What We Believe?

Changing your perceptions and your own behavior can be key to overcoming a challenge. Linda Henman encourages leaders to turn off behavior “autopilot” to make sure what they’re doing is really working. Too often discussions of attitudes, values and beliefs center on the person, making us blind to the power of the situation. Marketers advocate...

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Smarsh Introduces Groundbreaking Text Message Archiving Solution for Federal Government

Federal Archive from Smarsh receives FedRAMP Authorization; enables federal agencies to satisfy FOIA requests, legal challenges and records preservation mandates Portland, OR (July 1, 2020) – Smarsh, enabling organizations to manage the risk and uncover the value within their electronic communications, today introduced Federal Archive, the cloud-based mobile text message archiving solution for federal agencies. The platform is purpose-built to...

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DOJ Revises Guidance on Corporate Compliance Programs

Following guidance released in June, attorneys from Epstein Becker Green examine the latest guidelines for how the Department of Justice will evaluate corporate compliance programs. Companies need to be aware of updated guidelines issued by the U.S. Department of Justice (DOJ) Criminal Division governing how the agency will evaluate corporate compliance programs. Released on June...

Coalfire Introduces Technology Solution to Enable Compliance Transformation

Coalfire Introduces Technology Solution to Enable Compliance Transformation

CoalfireOneSM Platform Embeds Expert Experience into Compliance on Demand SaaS Solution Westminster, CO (June 30, 2020) – Coalfire, a provider of cybersecurity advisory and assessment services, today introduced the CoalfireOne Compliance Management solution, one of the first compliance-on-demand SaaS platforms that enables organizations to maintain and improve security with year-round visibility and proactive management of...

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LogicGate Announces Agility 2020

Inaugural conference to feature GRC leaders discussing the current and future state of GRC, success stories and product announcements  CHICAGO (June 30, 2020) – LogicGate, a leading provider of cloud software solutions for automating governance, risk and compliance (GRC) processes through its Risk Cloud™ platform, today announces its user conference, Agility 2020. The event will...

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EEOC Updates Technical Assistance Publication Addressing COVID-19

Poyner Spruill’s Robert Meyer answers common questions employees have regarding COVID-19-related compliance, including covering guidance from the EEOC to prevent violations of ADA, EEO and other regulations. Earlier this year, the U.S. Equal Employment Opportunity Commission (EEOC) published compliance guidance to employers regarding the application of various Federal Equal Employment Opportunity (EEO) laws to workplace...

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Diligent Launches Modern Leadership to Help Organizations Build Diverse, Inclusive Boards & Leadership Teams

Diligent Director Network creates the largest and most diverse community of board-ready executives Creation of more than 50 new board roles for diverse candidates by participating leading private equity firms Partnership with Spencer Stuart to post board roles on Diligent Director Network platform NEW YORK (June 26, 2020) – Diligent Corporation, a leading modern governance...

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Smarsh Launches Enterprise Archive Powered by Microsoft Azure

Global enterprises leverage cloud-scale performance and flexibility to support compliance, e-discovery initiatives Portland, OR (June 25, 2020) – Smarsh®, helping customers get ahead – and stay ahead – of the risk within their electronic communications, announced today that the Enterprise Archive is now available on Microsoft Azure. Global organizations are increasingly subject to rigorous requirements...

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Crisis Simulation: Your Best Defense Against Risk

On average, large companies experience a crisis every year, and, as COVID-19 has revealed, few organizations are sufficiently prepared when a crisis arises. Dataminr’s Michael Affronti discusses the importance of running crisis simulations. You open the binder in front of you. There’s been an accident at one of your factories. Details are scarce — all...

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Pulling Strings in the Fight for Justice: Getting Real

The mistreatment and death of George Floyd has shone a bright light on abuse of power by the police. Sandy Erez comments on injustice and our nation’s collective awakening. It is June 2020, and the violated Lady of Justice lies sprawled on the broken glass of American dreams, her unequally weighted scales too heavy for...

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Compliance.ai Expands Advisory Board, Introduces New Capabilities

San Francisco, CA (June 24, 2020) – Compliance.ai recently announced the addition of three leading industry experts to its advisory board – adding expertise in banking, legal and RegTech. Compliance.ai also launched new capabilities to further support compliance professionals in their day-to-day regulatory change management process. Joining the advisory team are Dr. Brent Crider, DEL,...

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Managing Contracts During Covid-19—and After

Business conditions continue to change amid the COVID-19 pandemic, and it’s putting organizations at risk. Conga’s Jason Gabbard provides best practices to protect the contracts that protect their businesses during these unexpected times. It might not feel quite like it at this moment, but we’re about to enter a post-pandemic business world. Exactly when that...

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Lessons from the First Case Alleging CCPA Violations

The first case has been brought under the CCPA, and organizations doing business with consumers in California should take note. comforte AG’s Trevor Morgan discusses takeaways for compliance pros. The record amount of data being processed across increasing touchpoints has led to many governments implementing a series of regulatory frameworks that dictate how data may...

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Global Expansion in a Pandemic: Flexible Solutions to Remain Compliant

Velocity Global COO Jose Montero explores options organizations have to stay nimble and responsive despite ever-changing business conditions brought about by COVID-19 – and what they need to know to continue cross-border growth. Businesses watch for signs of recovery and signs of opportunity. As the pandemic-imposed isolation slowly lifts, companies get back to business, back...

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How Does Corporate Governance Change in a Crisis?

In this crisis, some companies have flailed, but some have fared relatively fine. Why such a disparity in outcomes? Dottie Schindlinger, Executive Director of Diligent Institute, shares what COVID-19 has taught us about continuity, crises and corporate boards. The COVID-19 pandemic is not the first crisis that corporate directors have faced, but in terms of...

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COVID-19 Puts Third-Party Risk Management Under a Microscope

In times of crisis, it’s especially critical to know who critical suppliers are, to proactively monitor them for risk and to ensure they’re complying with business continuity plans. ISG’s David England discusses how organizations can manage supply chain risk in these uncertain times. When the current year draws to a close, the global business community...