Compliance

Popular among Web3.0 companies, decentralized autonomous organizations, or DAOs, lack many of the traditional elements of legal business entities. But attempts to fit DAOs into traditional structures is having a perhaps-unintended consequence: Some of these organizations may be subject to the enhanced beneficial ownership reporting requirements coming early next year. Jeanne R. Solomon and William E. Quick of Polsinelli dig...

New IRS regulations allow startups, government entities and other tax-exempt organizations to benefit from two clean energy tax credit delivery methods built into 2022’s Inflation Reduction Act — elective or transferrable. A group of tax experts from Baker Donelson highlight the key aspects businesses and organizations should know. Before passage of the IRA last year, government entities, many types of...

Starting this week, the UK’s Consumer Duty Act is in force for new and existing insurance products or services open for sale or renewal. The new law marks a significant shift in the Financial Conduct Authority’s expectations for firms in the insurance industry. Charles Rowley, managing director of business management consultancy DA Strategy, gives an update on the challenges the...

Banks and financial institutions subject to anti-money laundering and know your customer regulations are old hands at understanding the importance of ID verification. But as ID-Pal’s Colum Lyons sees it, ID verification is a load-bearing wall, regardless of industry. While the pandemic accelerated digitalization to the benefit both of organizations and consumers, it also produced a new set of challenges....

EU proposal is likely to have European nations, US harmonizing on fight against fraud

Simplifying implementation of anti-bribery systems Guide Anti-Bribery Management Systems What's in this whitepaper from Speeki: A challenge for any company with an embedded anti-corruption compliance program is implementing an anti-bribery management system as required by the ISO 37001 standard. This report covers: Setting context in ISO 37001 Stakeholders in ISO 37001 Scope for ISO 37001 The visual guide The role...

A unique California labor law withstood a court challenge, dealing a blow to business owners who were seeking limitations on workers’ rights to sue collectively. The California Supreme Court’s decision in the Uber case keeps the controversial law in place, but a trio of attorneys from Seyfarth Shaw — Michael Afar, Bailey Bifoss and Andrew Paley — encourage employers to...

The relentless upheaval of the past few years has uniquely affected the global financial services sector. And regulators are responding. With new rules proliferating, Rich Cooper of Fusion Risk Management says it’ll only get tougher from here, so organizations need to become proactive. Over the past several years, organizations across all industries have faced numerous unprecedented disruptions, including a global...

Compliance departments are certainly familiar with in-office safety training, but what about when the office doesn’t exist yet? The construction industry, while a hot job market at the moment, has one unfortunately common risk: worksite injuries and even deaths. Bradley M. Sussman and Christopher Ward of K2 Integrity explore what owners and developers need to know about worker safety and...

UK lawmakers are considering sweeping changes to the so-called identification principle, which makes prosecuting corporate crimes notoriously difficult. Economic crime lawyer Lloydette Bai-Marrow explores what the changes would look like in practice — if they make it into law. The identification principle as established by the 1971 case of Tesco v Nattrass has been a proverbial thorn in the side...

Victoria White started her career as a trainee solicitor at Dentons in London. Now, two decades later, as she becomes the firm’s global compliance officer, White reflects on what she’s learned and what’s next for compliance and risk professionals in this Q&A with CCI’s Jennifer L. Gaskin. Regulations that seem ever-changing. Constant, disruptive technological advances. Combatting the perception that you’re...