Compliance

During its first-ever review of compliance with Regulation Best Interest (Reg BI), the Financial Industry Regulatory Authority (FINRA) found significant numbers of broker dealers failing to achieve full compliance. By reporting the most common deficiencies, the agency presents a guide to help industry members focus their due diligence. RumbergerKirk partner Pete Tepley walks us through it. 

The UK’s just-enacted corporate crime legislation is a step in the right direction but failed to address a wide range of risks and challenges. Nonetheless, in the current climate, more legislation will soon follow. In light of such developments, global risk and compliance teams need to take a fresh look at their UK operations. Does the UK face a corruption...

Gartner senior research director Chris Audet discusses compliance training’s shortcomings here, suggesting a well-designed framework of embedded controls can better mitigate risk by reducing employee burden.

Those monitoring criminal antitrust activity now have more clarity on the Biden Administration's approach to enforcement. But that's no excuse to rest easy. The DOJ Antitrust Division has amplified its 'whole-of-government' approach by seeking cooperation from other agencies and enforcers overseas. Recent initiatives target the Covid-era collusion schemes creating supply chain disruptions. .@TheJusticeDept Announces Initiative to Protect Americans from Collusive...

How can companies and EHS professionals avoid the many risks of non-compliance? This article discusses five vital measures companies should implement in their EHS operations when approaching environmental compliance reporting. With digitization, visibility, collaboration, productivity and sustainability, companies can drive proactive environmental compliance and more effectively prepare for Tier II reporting. There are two truths of environmental compliance. First, non-compliance...

As part of its ongoing commitment to cyber threat research, Kroll’s threat intelligence team looked at hundreds of real-life cyber incidents to determine how intrusions occur. Alan Brill, senior managing director of cyber risk at Kroll, explains what they’re seeing and what should be of concern to every compliance officer.

What constitutes 'sustainable activity'? What does not? And what does it take to achieve compliance with the EU Taxonomy for Sustainable Activities? These are the questions that put European and international compliance officers in the ESG weeds. 

Compliance teams could see an uptick in cybersecurity whistleblower complaints as regulators expand protections and incentives for those reporting data breaches, vulnerabilities or other cyber-related misconduct. But cybersecurity incident reports require special handling. Here’s how to prepare for the unique nature of cybersecurity whistleblowing. Whether increased plans to protect or incentivize whistleblowers in the U.S. or U.K. result in a...

As the people of Ukraine continue to hold out against the Russian invasion, the Biden Administration, in partnership with allies around the world, has issued a series of sanctions and export controls aimed at isolating the economies of Russia and Belarus. The White House now plans to ramp up enforcement of these, along with pre-existing sanctions.

Migrating your compliance programs from legacy tools to modern platforms may seem like an impossible hill to climb. But as this H&R Block case study shows, focusing on quick wins can help you scale mountains. We've all heard the term "Too big to fail," but when it comes to adopting modern technology platforms, many large organizations probably assume they are...

Many AML frameworks are designed specifically for banks. If your non-bank organization is required to conduct AML compliance, but follows a bank-tailored policy, it can lead to numerous missteps and potential regulator scrutiny.  For many years, the US Financial Crimes Enforcement Network (FinCEN) has imposed anti-money laundering compliance obligations on certain financial institutions. For these purposes, covered financial institutions include...

Though the Biden administration's first year kept enforcements light, broad shifts and specific measures taken by regulators are set to affect the health care and life sciences industry through 2022. The following lays out enforcements companies will likely experience over the next twelve months.  After a relative lull in white-collar enforcement during the last U.S. administration, many anticipated resurgent healthcare...