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National Conference Lessons Run the Gamut From Messaging Apps to Rebranding Compliance Training

CCI columnist Mary Shirley shares some of the lessons she learned during this year’s national compliance conference in Washington, D.C. About 500 risk, ethics and compliance professionals gathered May 15-17 in Washington, D.C. for the annual Compliance Week National Conference, always a fertile source of ideas for compliance practitioners and programs.  In particular, three things...

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Tracing Key Legal Developments in the UK’s AML Regime

Prateek Swaika and Sagar Gupta of Boies Schiller Flexner discuss the regulatory framework of UK’s anti-money laundering regime and explore key legal developments. In response to the Russian military action in Ukraine, the UK government has continued to impose stringent sanctions and strengthened its anti-money laundering regulations aimed at targeting Russian financial and trade sectors,...

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Whaling: When Business Leaders Become Cyber Weapons

The threat of cyber crime is nothing new for the average business. But new tools like AI mean fraudsters have access to even more sophisticated tools, enabling them to hyper-focus their attempts on high-value targets, including top executives and C-suite members. Aileen Allkins of elev8 Digital Skilling shares tips for making sure staff at all...

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Regulatory and Economic Times Are Changing. Have You Re-evaluated Your Compliance Management System?

Financial institutions have enjoyed a fairly easygoing regulatory environment in recent years. Combined with strong economic performance, that’s meant a certain amount of coasting when it comes to enhancing their compliance management systems. But the time for relaxation is over, and as Capco’s Pamela Buckley explains, institutions need to take a hard look at all...

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Companies Are Cracking Down on Chat Apps, But It’s Still Too Hard to Find What They’re Looking For

A hybrid communication environment has become the norm for most companies, from the use of messaging apps to communication systems. And while companies (and regulators) are cracking down on inappropriate use of these tools, as Theta Lake’s Stacey English explores, finding the information they need remains a challenge for many companies. Regardless of whether employees...

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Survey: Only 3% of Compliance Officers Confident About Effectiveness of Off-Channel Comms Ban

Despite widespread efforts to ban problematic communication apps like WhatsApp and WeChat, only 3% of compliance leaders strongly believe those bans are effective, according to new research from compliance software provider Global Relay. Global Relay’s small survey of 39 global compliance officers, mostly in the financial services industry, found that while 59% had banned WhatsApp...

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Culture: Are You Curious Enough?

As a keystone provides integrity to an arch structure, culture infuses the shared values and attitudes that frame how an organization thinks and behaves. Culture gives each organization its particular character. Good or bad, culture is almost always at the root of all reputational and financial performance outcomes, as it is a potent source of...

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Inside the IPO Process: What It’s Really Like to Go Public

Ringing the opening bell on the Nasdaq or NYSE floor represents the culmination of a long and potentially risky IPO process. Securities lawyer Megan Penick of Michelman & Robinson offers an insider’s view of what it takes to get there. For public securities lawyers like me, nothing is quite as satisfying as celebrating a company’s...

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Virginia Is for Lovers (of Data Privacy)

In the three years since California implemented its landmark data privacy act (CCPA), more than 20 other states have considered or passed similar rules. 2023 will mark a major shift in the U.S. data privacy landscape, as all four states with new data privacy rules since California will start enforcing their laws this year —...

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Real-Time Risk Management Isn’t Optional Anymore

Today’s compliance teams are dealing with a difficult confluence of challenges. Budgets and resources are facing extra scrutiny at the exact time escalating regulatory expectations, volatile geopolitical conditions and macroeconomic instability are adding significant pressure to already resource-strained teams. LexisNexis Risk Solutions’ Tracy Manning explores the shifts that brought us to this point — and...

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Health Equity: Board Directors’ Most Important ESG Measure

ESG creates better financial performance, mitigates legal and brand risk and increases trust. But making ESG gains is about more than improving business metrics. Joe Wilkins, a founding member of the Black Directors Health Equity Agenda, talks about how health equity lies at the center of it all. With corporate boards more attuned than ever...

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Data Privacy Rules Even a Kindergartener Can Understand

Regulations on consumer data privacy can get complex, but one thing should remain simple: Responsible data governance means simply doing the right thing. Or at least that’s what Osano’s Arlo Gilbert believes. Data does a lot for brands. They can use it to personalize customer experiences and refine marketing initiatives, but for many companies, the...

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How to Comply With the EU Whistleblowing Directive

Despite its passage nearly four years ago, the EU’s whistleblower directive has yet to be adopted by many European Union member nations. Despite this, many organizations — and their compliance teams — have worked to revise their whistleblower policies or implement fresh ones in accordance with the EU’s guidance. Visslan CEO Daniel Vaknine provides a...

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Are You Wearing Rose-Colored Glasses — or Blinders? How Executives’ Views on Cyber Risk Can Affect Compliance

Changes to digital spaces in recent years have led to a sharp rise in IT risk for many organizations. With cloud adoption, digital processes, remote work and third-party relationships growing dramatically, new, complex and expanded threat landscapes now exist — and bad actors are eager to exploit them. And not all organizations are adequately prepared...

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PFAS & Parts Obsolescence: Act Now to Avoid Disruptions

(Sponsored) To address regulatory and consumer demand for removal of so-called “forever chemicals,” companies will need to address parts obsolescence. As Assent’s Cally Edgren explains, this is easier said than done, but make no mistake: Avoiding supply chain disruption means acting early. In December 2022, 3M, one of the world’s largest manufacturers, announced it would...