Compliance

Most financial institutions are already on the path to using artificial intelligence in markets surveillance. NICE Actimize’s David Ackerman explores how this shift will impact compliance and the new skills compliance officers will need to cultivate. As those tasked with financial market compliance will tell you, the vast majority of modern-day surveillance methods are predicated on analyzing previous malicious behaviors....

Fresh from the IFCA’s first International Compliance Congress, Sofia El Mansouri offers an overview of the event’s theme and select highlights from the past week. A successful five-day event came to a close as the International Federation of Compliance Associations (IFCA) ended its first International Compliance Congress on November 20, 2020. As one of the world’s top ethics and compliance-related...

A CCO doesn’t necessarily need a legal background. Some think it’s better when they hail from somewhere else, in fact. Nicole Di Schino considers whether a legal background works for or against the compliance pro. Should your next chief compliance officer come from the business ranks of your company rather than from the legal team? Denis Jacob, Vice President and...

Companies that fail to create a "speak up" culture run the risk of talking over the voices they need to be listening to most. A rising trend of the last few years has seen employees become increasingly vocal about injustices perpetrated by their workplace or employer. Those that have not been able to find a voice through existing channels have...

Monitoring your intermediaries can be an expensive endeavor. Jim Nortz explores how to keep an eye on your intermediaries without breaking the bank. Read Part 5 here. Years ago, a friend of mine recounted for me his first law school class. He and his fellow classmates had assembled and were seated in the lecture hall. There was a buzz of...

The pandemic has changed the way most companies are onboarding new hires, presenting compliance managers with new challenges to face. True Office Learning’s Harper Wells explores what compliance programs can do to effectively train new (and often remote) workers. The first days of a new job can be exciting, optimistic and a little nerve-wracking, but they also offer a chance...

Delivering anti-corruption training to intermediaries is a tough gig. Jim Nortz explores the importance of engagement and dialogue in compliance training. Read Part 4 here. The general counsel for our Asian operations was a very impressive man. He was among the first 400 attorneys licensed in China following the death of Chairman Mao Zedong. Later, he also obtained a law...

Obvious conflicts of interest and a pattern of corrupt bidding practices led to penalties announced today by the Royal Court of Justice. Sofia El Mansouri, reporting for CCI, outlines the issues and offers takeaways for today's compliance professionals. The U.K. Serious Fraud Office (SFO) has entered into its ninth deferred prosecution agreement (DPA) with Airline Services Limited (ASL) after obtaining...

No contract in the world could stop an intermediary truly determined to commit bribery, but contracts can be quite handy enforcement tools. Jim Nortz considers what makes an intermediary contract most effective. Read Part 3 here. One day in Contract Law class, Professor Kelly asked one of his better students, “Now if you were to give someone an orange, how...

This whitepaper offers an Information Governance Lifecycle Model that aims to assist organizations in dealing with content on the web, on mobile devices, in team collaboration and on social media. How to Manage Communication & Collaboration Tools for Compliance As companies instructed their employees to work from home at the start of the COVID-19 pandemic, an existing information challenge was...

Conducting thorough due diligence can be tedious work, but (as with most endeavors) putting in the effort yields the best results. Jim Nortz outlines a three-step process for effectively assessing intermediaries. Read Part 2 here. I am a terrible scientist. At least that’s the conclusion I reached when I worked as a college co-op student at the Xerox Laboratories in...

As Jim Nortz explains, a boots-on-the-ground, eyeball-to-eyeball assessment can be a powerful and effective way to conduct first-party due diligence. After all, “there ain’t nothin’ like touchin’ and feelin’.” Read Part 1 here. In the early 1990s, I served as Senior Safety, Health and Environmental Counsel for a multinational specialty chemical company. A couple of years after joining the firm,...