Compliance

No longer simply legal advisers for their respective governors, state attorneys general are increasingly taking an offensive position, bringing lawsuits against companies and executives they accuse of bad conduct. A team of attorneys from Troutman Pepper, led by Clayton Friedman and Trey Smith, explore recent cases and how executives can strengthen the corporate veil. A few big headlines aside, executives...

FTI Consulting’s Angie Gorman, Janet Hale and David Stickney offer their guidance to help companies set about measuring the effectiveness of their compliance culture — including commitment, capacity and cooperation. In today’s environment of heightened regulatory scrutiny and enforcement, ensuring a culture of compliance is more relevant than ever. However, as compliance practitioners, we often struggle with not only understanding...

Understanding the impact of regulatory challenges Survey Report 2023 State of Regulatory Compliance What’s in this report from Regology:As the regulatory landscape continues to evolve at a rapid pace, compliance professionals are coping with an increasingly difficult job, and a new survey from Regology reveals how compliance teams are handling the changes. For the report, Regology surveyed 127 people working...

Industry experts predict the risk and compliance trends we're likely to see in 2023 eBook Top 10 Trends in Risk & Compliance for 2023 About this ebook from NAVEX: The 2023 Top 10 Trends in Risk and Compliance provides you with guidance on where to focus initiatives and resources for the year ahead. It is no secret that managing a...

UK legislators have proposed major amendments to the Economic Crime and Corporate Transparency Bill currently passing through Parliament. If adopted, the amendments would significantly expand the range of potential corporate crime offenses available to prosecutors, introducing new so-called “failure to prevent” fraud, false accounting and money laundering offenses for corporates, and — perhaps most radically — allow for the attribution...

DOJ leaders provide insight into agency's plans. Analysis of Recent Statements DOJ Shaping the Future of Corporate Criminal Enforcement What’s in this whitepaper from Tom Fox:Along with the recent update to the DOJ’s “Evaluation of Corporate Compliance Programs” document, compliance practitioners can take their cues from two recent speeches by high-ranking DOJ officials, both at the ABA’s 38th annual National Institute...

Keeping up with 2023 changes to DOJ guidelines. Additions, Deletions & Changes From 2020 2023 Evaluation of Corporate Compliance Programs What’s in this whitepaper from Tom Fox:In March, the DOJ released a highly anticipated 2023 update to its “Evaluation of Corporate Compliance Programs” document (ECCP), which was most recently revised in 2020. ECCP should be mandatory reading for all compliance...

Banks bear the brunt of consequences for financial crimes amid a huge increase in anti-money laundering fines in 2022, making them an easy target when financial crime is suspected. But fighting fincrime isn’t the sole responsibility of banks, argues Samar Pratt of Exiger in London, who says a flawed approach allows financial crime to persist within the global system. Global...

Simply knowing your customer isn’t enough anymore; to keep pace with modern threats, perpetual know-your-customer practices will enable organizations to manage risk. Moody’s Keith Berry tells companies everything they need to know about pKYC and argues for a mindset-shift in many organizations. Organizations have to protect themselves from fluctuating risk levels and new financial crime threats. For many compliance teams,...

By adding incentives to encourage self-disclosure of corporate misconduct, the DOJ signaled a major change in its approach. And while many of the changes are welcome, Blank Rome’s Inbal P. Garrity and Amelia Clegg wonder if the revisions are sweet enough. The DOJ’s Criminal Division may not have had a change of heart when it comes to corporate criminal enforcement,...

OpenAI’s splashy ChatGPT rollout has generated untold amounts of text, both directly and indirectly. While much of what’s been written so far has been about creative work, which some fear will be completely upended by ChatGPT, CCI’s copy chief, Jennifer L. Gaskin, looks at how generative AI tools will change the corporate integrity landscape. Like any good journalist, I’m not...

New guidance from the DOJ on what makes an effective compliance program should be mandatory reading for every corporate integrity professional. Living Your Best Compliance life columnist Mary Shirley shares her thoughts on upshots of the new guidance. This month kicked off with an exciting development for informing corporate compliance programs, the release of an updated “Evaluation of Corporate Compliance...