Compliance

The Need for Regulatory Support Financial institutions and federal bank regulators can integrate location intelligence as a regulatory technology (Regtech) solution to ensure compliance with anti-money laundering (AML) standards, financial inclusion requirements, and fair lending regulations. This article outlines the key benefits for banks and regulatory authorities of integrating geospatial technology. Geospatial technology — or technology focused on the collection,...

Is Your Program Adaptive? True Office Learning works with major corporations to provide detailed compliance insights through data analytics. Over the years, they’ve learned a lot about how employees learn and the benefits of creating adaptive learning environments. This kind of environment is key in knowledge acquisition and retention, and it can be highly helpful in compliance training. Building a...

As a marketer, I’ve had the opportunity to attend a lot of ethics and compliance (E&C) conferences and events around the United States in the past 24 months. At these events, I’ve noticed that Chief Compliance Officers and other E&C professionals who attend generally aren’t there to see product demos from vendors. They are there to meet their peers, network,...

The Region Ramps Up Efforts to Combat Bribery and Corruption Countries across the region are redoubling their efforts to combat bribery and corruption through a mixture of enhanced laws and increased corporate prosecutions. This article provides a short overview of the situation in several key jurisdictions. with co-authors Tatsuhiko Kamiyama, Hyun Kim and Janice Goh Australia Increasing resources to combat...

Key Challenges and Benefits of AI Machine learning and artificial intelligence have become buzzwords in the financial services industry. Daniel Fernandez helps to break down the difference between the two terms and explains how these technologies are being used by compliance departments today. By delving into how these technologies work, Daniel sheds light on the issues they can help to...

A "Call" to Arms for Banks In the wake of growing and complex financial legislation, many banks and financial service companies in the U.S., Europe, and Asia have been looking to ensure the activities of their traders and contact centers are compliant with these regulatory requirements. However, call recording compliance is a cumbersome regulation; noncompliance can cost banks and financial...

Today Alexandra Wrage interviews Hui Chen, the first-ever compliance consultant to the Fraud Section of the U.S. Department of Justice. She resigned from the DOJ in May of 2017, having recognized in the administration conflicts of interest and a lack of transparency that she’d expect from companies under investigation. Hui leverages experience in compliance across three industries: tech, pharma and...

The Regulatory Tortoise and The Technology Hare No doubt you’ve now heard about blockchain – at least the word. The hype cycle has been in full swing since late 2015, so fairly soon, someone from the C-Suite will be asking you about compliant ways to operate that blockchain pilot application going live next month. Blockchain as a disruptive and revolutionary...

Compliance Leadership Tips from the Surgeon General Tom Fox recounts some lessons learned from a recent New York Times profile of Surgeon General Nadja Y. West. Her guidance is widely applicable to leaders across industries and specialties, but some of her insights are real nuggets of wisdom for the compliance practitioner in particular. For me, September 11 is the most solemn...

Integrating Dangerous Goods Software into Your ERP System Shipping hazardous materials is a complicated, time-consuming process, and today’s ever-evolving regulations make the task even more challenging. Integrating ERP and dangerous goods software systems simplifies hazmat shipping to streamline supply chain operations and maintain regulatory compliance. Dangerous goods (DG) software should be standard for any organization that ships hazardous materials regularly....

The Importance of Innovation As the global geopolitical landscape grows ever more complex, keeping track of the vastly complicated web of international economic sanctions has become a formidable challenge. In order to steer clear of penalties and avoid reputational damage, compliance departments are going to have to embrace innovation. Keeping up with the latest popular television shows was once a...

How the CEO Can Best Support Compliance Keeping a tight rein on compliance is the name of the game for every business entity, whether early-stage, family-owned or large multinational. And – while it’s the CEO who ultimately sets the tone – the culture of compliance has a strong foundation in the company’s code of ethics and its business conduct. One...