Compliance

Regulators use certs completion rates as a rough gauge of the health of a firm's overall compliance program. StarCompliance’s John Grgurich explains how getting certs right means getting the process and the tech right. Tell someone you work in compliance, and you may see their eyes glaze over. Start talking about your job, and you may find them struggling to...

Do we really know what our employees are saying? Hugh Bigwood and Trevor Wiles provide an overview of the rising use of messaging applications in the workplace, their risks and benefits and how their use can be controlled. It was recently calculated that in 2020, over 306 billion emails were either sent or received each day. This number is estimated...

COVID has complicated everything, and information security audits are no exception. Tugboat Logic’s CPO, Patrick Murray, explores the various challenges organizations face in conducting infosec audits remotely and outlines best practices to make the transition. With the number of different issues companies are dealing with now, from financial fallout to having to put into place new infrastructure and policies, compliance...

With OFAC’s reach lengthening in the past few years, organizations should play close attention to their sanctions compliance program (SCP). Michael Volkov outlines five key actions to take now to ensure an effective SCP. Companies have to implement a sanctions compliance program (SCP). When I use the term SCP, I mean much more than just having one employee screen a...

As new compliance regulations come to fruition, what can we learn from this year’s biggest GDPR compliance fines? Telos’ Steve Horvath explores the impact of such fines and how to apply lessons learned to create a stronger plan heading into 2021. The surreal year that is 2020 is almost at its end, and there is no question that it brought...

There's no question that the new guidance has raised the bar for compliance programs, including placing substantial emphasis on continual data-driven improvement and an increased focus on appropriate investment -- even as organizations worldwide are challenged by workforce, operational and business disruptions. It seems clear DOJ seeks to encourage remedial efforts to address weaknesses in an organization’s compliance function. Are...

Compliance technology can simplify complex compliance processes and help make smart decisions. As Naveen Bhardwaj explains, by strategically integrating compliance technology and tools, organizations can achieve data-driven, smart and effective compliance programs. There is an English proverb that says, "a bad workman always blames his tools." A constructive version of the proverb in Dutch goes like, "goed gereedschap is het...

Compliance officers and small business owners across all industries and in large and small organizations are faced with dual challenges. They live in fear of failing an audit yet they are under pressure to reduce costs. They struggle to keep up with compliance efforts, all while knowing that a single bad audit could be a death knell for their career...

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...