Compliance

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,...

While many ESG trends continued in 2021, the past 12 months also saw landmark events, accelerating regulatory attention and a heightened public awareness not present in previous years. CCI editors provide their rundown of the top ESG articles of 2021 below. In 2021, it sometimes felt as if ESG had transformed from a cause to a sort of corporate lifestyle...

A new survey of decision-makers across Europe has revealed that the need to rethink tools and processes is a key priority for audit and compliance leaders. Research by Sinequa, an enterprise search engine platform, reveals that 85 percent of compliance and audit workers in large organizations in Europe consider access to information to be difficult or fair — at best....

Coalitions of stakeholders in the business world agree that combating climate change stands as a crucial long-term measure. But those actions are next-to-moot if investors can't assess and benchmark their effects with standard sustainability reporting. In a context in which society is demanding initiatives to combat climate change, the debate on corporate sustainability reporting is more pressing than ever. The...

The Fifth Circuit Court has permanently blocked the OSHA vaccinate-or-test ETS. But judicial review continues. In the meantime, businesses can do little more than educate themselves on the matter. On November 4, 2021, the Occupational Safety and Health Administration (OSHA) issued an Emergency Temporary Standard (ETS) that requires businesses that employ 100 or more employees to either mandate their workforce...

As evidenced by the Nigerian port systems, corruption often arises from inefficient systems. Inter-agency coordination and process modernization can curb corruption to a significant extent.