Compliance

In the decade that Corporate Compliance Insights has covered the corporate compliance and risk management profession, we've heard a common refrain: Compliance is a stressful, demanding career that routinely has compliance professionals at odds with their colleagues. But we wanted to understand more about what exactly makes compliance roles so stressful and to what extent jobs in compliance and risk...

ESG-consciousness has taken the global business world by storm. In many circles the acronym has become shorthand for any environmentally minded business. But Doug McKeige, editor-in-chief of The Climate Capitalist, cautions that a stark difference lies between ESG compliance and the growth that will fuel the clean energy transition.  Environmental, Social and Governance (ESG) investing is at an all-time high,...

DOJ's latest remarks (via Deputy Attorney General Lisa Monaco) on corporate criminal enforcement carry important implications for compliance teams. Going forward, the department will take a wider view of companies' past wrongdoing, require more detailed information on individuals related to actions in question and allow for the broader use of monitorships.  Over the last year, the Biden Administration announced policies...

Though broad in scope, the Biden Administration's plan to counter domestic and international corruption follows four primary lines of effort. A series of related proposals for rule-making conclude their comment period in February. Business leaders have the opportunity to respond to both in advance of enforcement. 

While compliance is undoubtedly a complex proposition and one that's filled with the potential for serious missteps for businesses and organizations, global audit and accounting firm Mazars sees things a bit differently. In its latest report, "Unlocking trust: why global compliance is on the business agenda," Mazars explores the ways in which compliance leaders tend to see global compliance as...

The Supreme Court conservative majority held ranks to temporarily stay an OSHA standard that would have made large employers require their employees get vaccinated or wear a mask and test regularly. In a separate 5-4 decision, the court allowed a similar measure to proceed for workers in the healthcare sector. Employment experts weigh in on implications for businesses.

Disruptive technologies like AI, cryptocurrency, biometrics and blockchain have taken the world by storm, but fintech regulations have struggled to keep pace. While technological advancement is often propelled by the private sector — such as big tech, startups and venture capital funding — regulatory change is constrained by lengthy and convoluted legislative processes.  Although the growth of these innovative technologies is exciting, the absence of...

Much has occurred in the world of ESG over the past few years, and the momentum behind sustainability reporting continues to increase exponentially. Significantly, several moves by regulators from late 2020 through 2021 have brought ESG reporting to a point of no return.

2022 will probably be a lot like 2021, only more so. With most key federal positions filled, the Biden Administration is in a position to ramp up enforcement over the next twelve months. A rundown of top white-collar crime enforcement issues from 2021 informs the enforcement trends we expect to see more of in 2022.

DOJ says it plans to target more individuals in cases of wrongdoing. With a flurry of recent indictments, that promise appears to have already materialized. The more the enforcement stings, the more it will discourage businesses from repeat wrongdoing. One of the most frustrating things about working in compliance is when you see people get away with illegitimate actions. The...

The sixth Thomson Reuters regulatory intelligence report is shining light on the role of fintech and regtech across the financial services industry and what trends firms should look out for as we head into a new year. The report, Fintech, Regtech and the Role of Compliance in 2022, includes insights from about 450 financial services firms, from mega-banks to startups....

In September 2021, El Salvador became the first country to adopt bitcoin as legal tender. It will likely not be the last to do so. This article explores some of the risks facing companies doing business in or with entities from El Salvador and other nations that may follow suit and offers tips on how to avoid financial, legal, regulatory,...