Articles

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ACA Group Announces ComplianceAlpha®2021 Q2

New features are designed to help financial services firms meet increasing demands for digitizing compliance programs  Introduces automation technology for managing compliance of legal documents and marketing materials/financial promotions  Adds unique functionality for managing side letter compliance  Expands capabilities for reviewing and approving marketing materials in line with the SEC’s new Marketing Rule  Integrates e-learning...

President Joe Biden.

The Biden Administration Is Ramping Up Numerous Cross-Border Enforcements. Compliance Teams Should Take Note.

The Biden administration has signaled numerous cross-border enforcement updates that carry compliance implications, including updated anti-corruption, financial and sanctions measures. President Biden has repeatedly promised to make the fight against corruption in the U.S. and abroad a central part of his administration. He has nominated a Securities and Exchange Commission (SEC) chairman who many expect...

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SEC’S Examinations Division Issues Risk Alert on Review of ESG Investing

Washington D.C. (April 9, 2021) —  The SEC’s Division of Examinations today issued a Risk Alert to highlight observations from recent exams of investment advisers, registered investment companies, and private funds offering environmental, social, and governance (ESG) products and services. Click here to see the Risk Alert, and check out everything the SEC has done in Response to Climate...

California Privacy Law Update: CCPA Amendments Announced and CPPA Board Members Appointed

California Privacy Law Update: CCPA Amendments Announced and CPPA Board Members Appointed

California continues to update its privacy regulations. In the latest move, the CPPA board members were appointed, with Professor Jennifer M. Urban named as chair, and further amendments were put in place. California is continuing to make news with respect to its privacy laws. California's Attorney General recently announced the approval of new amendments to...

storm clouds gathering

Rainy Day Fund

Everyone knows to have a rainy day fund. Yet, few people have one, despite the fact that cars break down, roofs leak, and pandemics hit. Today I listened to this story of a businessman and it reminded me of the responsibility businesses have to build rainy day funds. After 22 years in business, this man was unable...

file cabinets on laptop, concept of digital data archives

Behavox Expands Cloud Archiving Solution

Expansion to Speed and Simplify Search, Analytics and Accessibility Of Enterprise Communications Data  AWS-hosted and AI-powered Platform Greatly Improves Speed and Accuracy for Data Retrieval of Email, Messaging, Voice Communications and Structured Data to Help Customers Meet Compliance Obligations  NEW YORK (April 6, 2021) – Behavox, which uses AI to enable enterprises to organize and refine...

man holding binoculars on data background

NICE Actimize Introduces AI-Powered SURVEIL-X Suitability

New Solution to Reduce Compliance Risk for Wealth Management, Insurance Firms Selected by leading global financial services organizations, SURVEIL-X Suitability is powered by new risk detection capabilities which address complex regulatory requirements Hoboken, NJ (April 6, 2021) – Financial services organizations that provide investment advice and which sell life insurance, annuities and other wealth products...

American flag flying outside U.S. capitol building

It’s Time for a National Privacy Law in the U.S.

Countries and economic unions around the world are adopting national privacy laws. Rather than state-by-state privacy legislation, wouldn’t it be easier to have one all-encompassing privacy law for the U.S.? Opinion Imagining a National Business Landscape Without a National Privacy Law If the current trend continues and more legislative bodies recognize the critical importance of...

Pop art image of crater covered asteroid

Prepare For Impact

NASA announced yesterday that asteroid Apophis will not strike the Earth for at least another 100 years. That’s good news, given that the impact we had feared for 2036 could have killed more than 10 million people. The question is, will we prepare for an eventual impact? The last time we lost tens of millions of humans on...

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Justice Department Takes Action Against COVID-19 Fraud

Historic level of enforcement action during national health emergency continues March 26, 2021 – The Department of Justice announced an update today on criminal and civil enforcement efforts to combat COVID-19 related fraud, including schemes targeting the Paycheck Protection Program (PPP), Economic Injury Disaster Loan (EIDL) program and Unemployment Insurance (UI) programs. As of today,...

man opening single virtual lock part of many padlocks

Kroll Expands Cyber Risk Offering With Acquisition of Redscan

Expands Kroll Responder MDR and XDR services and launches next-generation managed SOC NEW YORK (March 25, 2021) – Kroll, the world’s premier provider of services and digital products related to governance, risk and transparency, today announced that it has acquired Redscan, an award-winning cybersecurity services provider based in the United Kingdom. With the addition of Redscan and...

darts hitting bullseye in target

What Are We Aiming For?

When I was about 10 years old, a neighbor of mine had a picture of an overweight woman on her fridge, cut out from a magazine. She told me it served as a reminder not to overeat. Some 20 years later, I read about a study that found that people who put pictures of lean...

burning car, concept of civil unrest, riots

Companies Need to Prepare for More Political Disturbances and Violence Ahead

Significant increase in the number of riots, demonstrations and vandalism, as terrorism events decline, means civil unrest is now the main political risk exposure for companies, resulting in significant losses and insurance claims. Impact of political violence can cause business disruption beyond physical property damage. COVID-19 pandemic is likely to fuel further disturbances. Business continuity planning...

OneTrust to Acquire Ethics & Compliance Leader Convercent

OneTrust to Acquire Ethics & Compliance Leader Convercent

ATLANTA, March 23, 2021 -- OneTrust today announced it signed a definitive agreement to acquire Convercent, a provider of ethics and compliance cloud software. The acquisition will build on OneTrust's investments in creating technology that brings together privacy, security, data governance, ethics and compliance, GRC, third-party risk, and ESG into a single operational workflow. Convercent's technology, 750...

cloud computing 2d rendering on blue

Cloud Security Alliance and ISACA Announce Availability of Industry’s First Auditing Credential

The Certificate of Cloud Auditing Knowledge (CCAK) offers IT professionals mechanism to address challenges related to transparency, complexity and interdependency within the scope of cloud environments SEATTLE – March 22, 2021 – The Cloud Security Alliance (CSA) and ISACA today announced the availability of the Certificate of Cloud Auditing Knowledge (CCAK), the first credential available for industry professionals to demonstrate their...

Gartner: Compliance Spending Plateaued in 2020

Gartner: Compliance Spending Plateaued in 2020

Despite Several Years of Budget Growth, Compliance Median Headcount is Trending Down Stamford, CT (March 18, 2021) – A study of 117 organizations in the second half of 2020 showed that compliance department spending was projected to plateau in 2020 after several years of rapid growth, according to Gartner, Inc. In the period from 2017-2019 total compliance...

man flipping store sign to "welcome, we're open"

2021 Workforce Trends: Spotlight on Compliance

HR and compliance pros have struggled to keep up with ever-changing regulations over the past year. Now, return-to-work plans raise myriad compliance concerns. ADP’s Ellen Feeney discusses 2021 workforce trends as businesses reopen. No matter how diligent a company has been in the face of the COVID-19 pandemic, many HR professionals have struggled to keep...

A dark hallway in an institution of higher education.

Why Boards at Colleges and Universities Should Proactively Engage with Compliance

Colleges and universities, like every other type of organization, fall victim to wrongdoing. But unlike many other institutions, boards of trustees often fail to maintain mechanisms that can catch illegal activity before it is too late. Over the past decade, governmental enforcement activity has uncovered systemic compliance failures at colleges and universities across the country....