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Simone Biles prepares to compete at Tokyo Olympics.

Mental Health Steps Out of the Shadows

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...

A phone displays the bitmex portal in front of a larger device.

A Laundry List of Compliance Failures Landed BitMEX a $100M Penalty from CFTC and FinCEN

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...

People receive the covid vaccine in a California vaccination center.

With Full FDA Approval, Vaccine Mandates Are More Likely than Ever to Withstand Legal Challenges

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...

Amazon CEO Jeff Bezos in New York, 2019

Have Corporations Stuck with Stakeholders? Revisiting the Business Roundtable’s Landmark 2019 Statement

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...

A man is seen talking in the window of the Australia Securities Exchange in Sydney.

ASIC’s Breach Reporting Update: A Perfect Storm of Confusing Ambiguities and Increased Reporting

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...

US secretary of state Antony Blinken

Corporate Compliance Considerations Following the Publication of the Engel List

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...

lighthouse shining brightly against dark sky

The Real Deal: Leading by Your Values and Actions

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...

Exterior of US Treasury, agency of FinCEN

Inefficiency Plagues AML Enforcement, But Banks Are Hardly the Sole Culprit

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...

time bomb on a wooden background

How to Avoid Global Accounting Compliance Time Bombs When Expanding Internationally

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...

Abstract design of AI in hiring

How AI Technologies Can Undermine Employment Law Compliance

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)...

A white paper sign bearing code brackets, a stand in for digital savvy, leans against a pink wall

Does Your Board and Executive Team Employ Digital Savvy?

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...