Compliance

With normal, day-to-day business processes interrupted and organizations increasingly adopting cloud infrastructure services, the GRC landscape is rapidly changing. LogicGate CEO Matt Kunkel offers predictions based on changes he’s seen within risk and compliance management this year. Things in governance, risk, and compliance (GRC) change really quickly. And if you throw in the fact that normal, day-to-day business practices have...

Kroll’s Jordan Strauss, Mariellen Davies-DeMarco and Alyssa Heim discuss what they view as the most significant threats to good governance and offer suggestions on how best to mitigate these risks. The worst pandemic in over 100 years. A frail global supply chain. The temporary reduction in global government investigations and enforcement. For most firms, the current environment poses the greatest...

Even during the unprecedented workforce upheaval of 2020, the IRS continues to assess potential Affordable Care Act (ACA) employer penalties. Health e(fx)’s AVP of Compliance, Kyle Scott, discusses measures to prevent penalties. Organizations across myriad industries have struggled to maintain compliance with the Affordable Care Act’s (ACA) Employer Shared Responsibility Payment requirements for many reasons – from the challenge of...

Ellen McCarthy, Head of Compliance at Computershare, opines on the IIA’s recent updates to its three lines of defense model, positing that they fail to recognize the importance of the independence of the compliance function. The Institute of Internal Auditors (IIA) last month issued a new three lines model, updating its “Three Lines of Defense” model to set forth the...

The coronavirus crisis and general chaos of 2020 has created the perfect conditions for criminals to thrive. Opportunities are rife, and compliance teams are occupied in assessing a range of suspicious activities. LexisNexis Risk Solutions’ Michael Harris discusses how risks are higher than ever. The COVID-19 pandemic has brought unprecedented challenges for businesses across every sector – from keeping employees...

Businesses with cross-border commuters have some unique factors to consider given how the pandemic has changed employees’ work arrangements. ADP’s VP of Government Relations, Pete Isberg, helps to clear up confusion around tax compliance during COVID-19. Our country’s COVID-19 crisis has raised unprecedented threats not only to public health, but also to our nation’s economy and businesses around the world....

2020 has been a turbulent year so far, with a continued focus on tackling compliance and mitigating risk in unprecedented times, as the pandemic has created a breeding ground for financial crime and fraud.  As we (mercifully) approach the last quarter of 2020 and kids head back to school, catch up on the latest regulations and technology with this suggested list for reading, podcasts...

Compliance doesn't appear to figure prominently in the update to the Institute of Internal Auditors' 2013 Three Lines of Defense Model. Compliance consultant Nicole Di Schino takes a look here, providing original reporting for CCI as she shares analysis and opinions from compliance pros and IIA CEO Richard Chambers. All images courtesy of Institute of Internal Auditors; used with permission...

The DOJ doesn’t take kindly to recidivism. Jeff Kaplan and Rebecca Walker discuss the importance of a “lessons learned” approach to your organization’s compliance and ethics program. “Those who do not remember the past are condemned to repeat it,” famously wrote philosopher George Santayana. But what exactly – of the past – should be recalled? The need to explore violations...

As many employees continue to work remotely, effective oversight remains an issue, and for some, that may feel like license to bend the rules. Calvin London offers practical tips to reinforce your company’s commitment to compliance. As the COVID-19 pandemic continues to ravage the world, it is hard to imagine when it will subside, if it will subside and what...

Miller & Chevalier’s James Tillen, Ann Sultan and Brittany Neihardt discuss the effect the DOJ’s revised guidance will have on compliance officers and those in the compliance space. On June 1, 2020, the U.S. Department of Justice (DOJ) released an updated version of its “Evaluation of Corporate Compliance Programs” (the Guidance). Among the many changes made to the Guidance since...

Rather than being the catalyst for compliance it could be, the regtech sector is impeded by its current abstractions. Evidology System's Rupert Brown explains the shift that’s needed to propel regtech to greater success. The Naming of Parts The emergence of the regtech business sector as a specific categorization of technology companies in the past decade has been driven by...