Compliance

With the "Buy American and Hire American" executive order recently signed, President Trump signaled his plans to strengthen the federal government's procurement preference for domestic products. The order is based on the principles of "maximizing “Made in America” content and minimizing waivers and exceptions to Buy American laws.

Every company wants to move fast – and DevOps helps make software deployment faster. But without proper controls, moving faster may simply mean developers are releasing security vulnerabilities. Rather than approaching information security as a bolt-on afterthought in the development cycle, companies should leverage modern practices and adopt tools to maintain continuous compliance.

4 Key Components The number of distinct assurance functions has nearly doubled over the last 10 years, but only 10 percent of assurance leaders believe that their company's risk management functions are currently integrated. Unfortunately, despite investments in these functions, the lack of integration leaves general counsel and compliance officers feeling no more confident in managing risks today than they...

Recent Events Lead to Increased Scrutiny In the aftermath of global market manipulation events, the foreign exchange (FX) market has been subject to increased regulatory scrutiny. Mark Follows examines the compliance trends FX traders should be aware of moving forward, from enhanced surveillance to the management of conduct issues. Here are some strategies the industry can take to improve ethics...

Are Banks Bracing for Tougher Compliance? Every new AML regulation – or update – is meant to prompt banks and financial institutions to improve their compliance efforts. The latest announcement by the New York State Department of Financial Services (NYS DFS), enacting Part 504, is another such regulatory measure. Initially the impact will be felt only in New York, but...

When conventional approaches don’t cut the mustard, it’s time to give the unconventional a try. That’s what successful leaders tend to do, and it’s a common trait among heroes, too. Both groups are so often the ones to make the tough calls, take a calculated risk and try an innovative solution. And when it works, the payoff can be huge.

4 Safeguards for Privileged Communications Although the compliance function works hand in hand with corporate counsel, the CCO shouldn’t expect all communications with counsel to be protected in the event of an investigation. In fact, there are specific requirements of privileged communications, and most day-to-day compliance discussions won’t be considered privileged. Learn more here. with co-author David Schmitz The Corporate...

In the In re The Robare Group, Ltd., the SEC tackles the “reliance on compliance consultant” defense. While the decision leaves some issues open, it does suggest that such a defense would need at a minimum clear evidence that the advice was sought and relied on, among other considerations.

According to a recent Transparency International survey, bribery and corruption seem to be on the rise in the Asia-Pacific region. This is true even in China, despite the government’s crackdown on corruption. Although police were widely recognized as the most rampant facilitators of bribery, there are a number of steps the private sector can take to help drive systemic change.

In this critical time for compliance officers, Volkov explores the implications of the DOJ's latest move.

There is a distinct lack of consensus in Washington on a lot of political fronts these days, but there’s an especially heated debate in process over the Dodd-Frank Act. Dodd-Frank is a complex, cumbersome piece of legislation, and even many of its supporters would concede that changes are needed. At this date, not much is certain, but we can expect...

Risk management is fast becoming a business priority. However, research shows that there is minimal understanding of the robust GRC platforms that make a streamlined, integrated approach possible. These tools can help optimize risk management processes to improve program efficiencies and reduce operational costs while bolstering cybersecurity.