Compliance

In honor of National Whistleblower Appreciation Day, Frank Staelens discusses the EU Whistleblower Protection Directive (WPD) at length. Frank explains the regulation’s broad impact and offers guidance for compliance. Most listed companies and large public organizations already consider whistleblowing management as an important governance mechanism with, in most cases, boards/audit committees being accountable to measure its effectiveness. This group is...

Though the COVID-19 pandemic has caused considerable upheaval to many businesses, regulators continue to press forward with investigations. In fact, the pandemic and the related CARES Act have ushered in additional oversight. Bass, Berry & Sims’ John Kelly and Allison Wiseman Acker explore these initiatives. Companies are being required to consistently innovate and develop new approaches to their business models...

The world has changed and compliance along with it. Results from a benchmark survey of more than 160 compliance professionals worldwide is proof positive. StarCompliance CEO Jennifer Sun details the findings. StarCompliance recently completed a market survey of compliance professionals from across the world of finance, asking questions we believe got at the heart of the unexpected and continuing challenges...

What have been the overall and specific impacts of COVID-19? This resource from StarCompliance compiles the results of a benchmark industry survey on how the pandemic is affecting the field of financial compliance. Highlights include: The biggest challenges facing compliance teams right now How firms are currently managing their compliance programs How certifications processes and programs are holding up The...

Clear, consistent messaging is vital for compliance, whether to tamp down outbreaks in a pandemic or to ensure adherence to government regulations. Calvin London provides examples from the COVID response in Australia to illustrate how we can unnecessarily complicate compliance. As we struggle with the COVID-19 pandemic, it continues to provide examples of human behavior that are relevant to what...

Companies that have begun a digital transformation from point-in-time compliance assessments to real-time management are already realizing benefits. Coalfire’s Adam Shnider discusses the need to transition from old approaches to new ones. The growing burden of compliance costs is becoming unsustainable, and it will create even more problems if we don’t abandon old traditions and replace them with modern approaches....

Allegations of financial misconduct dogged German payment processing giant Wirecard AG since its inception; why did it take so long to uncover the fraud? Michael Toebe muses here about the perils of ego and unchecked greed. Wirecard's gross financial misconduct and resulting scandal and crisis has been dubbed the Enron of Germany by some analysts. No matter how many times...

It took a while, but the U.S. Department of Justice is getting ever smarter about analyzing compliance programs. Compliance Systems Legal Group Partner Win Swenson describes this historical trend, explains why it is happening and highlights important takeaways from the DOJ’s recently revised criteria. In 1995, four years after promulgation of the Organizational Sentencing Guidelines – the first law or...

Following guidance released in June, attorneys from Epstein Becker Green examine the latest guidelines for how the Department of Justice will evaluate corporate compliance programs. Companies need to be aware of updated guidelines issued by the U.S. Department of Justice (DOJ) Criminal Division governing how the agency will evaluate corporate compliance programs. Released on June 1, 2020, the “Evaluation of...

As the situation with COVID-19 evolves, a huge oncoming wave of lawsuits is imminent, and legal and compliance issues could cause yet another crisis if not addressed properly. Vault Platform CEO Neta Meidav discusses what this could mean for the future of work. In recent years, we have seen an unprecedented rise in the number of high-profile employee complaints directed...

This report is rich in data and contains benchmark metrics and key lessons learned across ComplianceLine's deep portfolio of clients over the past three years. The report showcases more than 10 benchmarks, including number of reports, issue validity and type of reporter. Sponsored When it comes to creating a safe workplace, what matters most to your employees should matter most...

A crisis tends to highlight the “cracks” in the system. Mathad Al-Ajmi, Chair of the B20 Saudi Arabia Integrity & Compliance Taskforce, which is focused on advancing a global anti-corruption agenda across all G20 member states, discusses the effect of corruption on the pandemic’s economic impact and the ongoing recovery phase. As the global community fights the COVID-19 pandemic and...