Compliance

Following the announcement of record penalties for Google, British Airways and Marriott under GDPR by French and British data privacy commissioners, where will the EU's privacy watchdogs home in next? Scott Petry, CEO of Authentic8, explains how the EU's privacy commissioners are currently laying the groundwork to sanction employee-related GDPR violations next. Elizabeth Denham. If your company is doing business...

Since many IoT devices capture data, IoT companies are fielding and will increasingly field requests for the data in connection with criminal or civil proceedings. Attorneys from Morrison & Foerster discuss the growing demand and what IoT companies should consider going forward. There are an estimated 10 billion internet of things (IoT) devices — a number forecast to skyrocket to...

Organizations should look beyond traditional approaches and aspire to create a well-oiled security and compliance engine that runs efficiently and economically. Coalfire’s Adam Shnider discusses a better path forward. When an automotive company like Tesla works to design the ideal automobile – one that will disrupt a 120-year-old industry – they begin with a vision. Then, they work to make...

If your business activities take place in the U.S., you need to be doing OFAC screening. Michael Volkov offers five areas most companies that most organizations fitting this description could stand to improve upon to ensure compliance. As companies elevate their “game” in sanctions compliance, it is important that compliance officers critically examine the strengths and weaknesses of their compliance...

Jay Rosen’s miniseries on suspension and debarment concludes with this look into the remedies federal agencies seek when misconduct is identified, and where the ultimate focus will lie: compliance. The defense community largely led the process of putting together an effective ethics and compliance program. There were defense industry initiatives where the contractors got together and talked about what it...

A CCO’s most valuable resource is time. But with high expectations and limited resources to do the job well, CCOs can quickly become overwhelmed. Michael Volkov provides a framework for dealing with some of the role’s greatest challenges. Chief compliance officers have a hard job. CCOs know that fact, and they fully embrace the challenges of their positions. At the same...

Wendy Wysong and team discuss a recent U.S. court ruling that reinforces the well-understood rule that non-U.S. banks with branches or correspondent accounts in the U.S. must comply with U.S. government subpoenas regardless of their own country's laws. Under the USA PATRIOT Act, noncompliance risks access to the U.S. financial system. with co-authors Ali Burney and Nick Turner Background On...

Do you ever wish you could take a quick “pulse check” to see how your compliance education is landing – to identify subject areas that need improved awareness and know with certainty what your people really need? Fresenius’ Mary Shirley offers some fresh ideas. Risk Assessments and Culture of Integrity Surveys vs. Pulse Check I bet you already have a...

Fact is often stranger than fiction. Cybersecurity professionals know that for sure. Abacus Group’s CTO, Paul Ponzeka recommends these books to enlighten, educate and entertain cybersecurity pros and others interested in the topic. Cyber War: The Next Threat to National Security and What to Do About It By: Richard A. Clarke and Robert Knake International security experts — Clarke from...

Michael Volkov highlights three sanctions-related enforcement actions all breaking in the last six weeks – and two of which involved travel services to Cuba. He covers the violations, the circumstances and the penalties. OFAC is clearly sending a message about sanctions enforcement and compliance responsibilities. The agency is aggressively seeking out new targets for enforcement and continues to focus on Iran,...

With M&A activity on the rise, a commitment to a strong data management program can help businesses to avoid expensive — and often dangerous — compliance and risk aggregation missteps. Kelvin Dickenson of Opus explains. In 2018, there were 375 M&A deals valued at over $1 billion in the United States alone. Even in years with the least M&A activity,...

Thomson Reuters’ Henry Engler compiles guidance from the Chief Compliance Officers at Volkswagen, Novartis and Tenneco – principles that transcend their respective industries and are universally applicable. Prompt acknowledgement of internal wrongdoing and transparency over the lessons learned from conduct failures were just some of the keys to a strong corporate culture cited in a recent wide-ranging discussion on what...