Compliance

Compliance training is met with moans and groans by employees. It is always seen as a necessary evil. But does it have to be viewed that way? Compliance training expert Ayesha Omer knows better: there are plenty of ways to make it more purposeful and engaging. Read on for tips and strategies to do away with boring compliance training.

Scores Run the Gamut Each year, Transparency International publishes the Corruption Perceptions Index, a ranking of the world’s nations according to perceived public-sector corruption. Most countries performed poorly in 2016, with the global average score at 43 on a scale of 100. Wendy Wysong and Nick Turner offer an analysis on the Asia-Pacific region. By: Wendy Wysong and Nick Turner Transparency...

“Collaboration, not Subordination” Captive compliance programs are hamstrung programs. Compliance officers who enjoy independence and are able to collaborate with legal, HR and other key business teams… they’ll be far more effective. We’ve long discussed the need for compliance officers to have a seat at the table. It’s time for businesses to graduate to Compliance 2.0. By: Donna Boehme I...

Predictions on the FCPA Front The U.S. government is in a state of flux; with a new President comes a barrage of new appointments. Some systems are being dismantled and the Trump administration has put some key legislation in its sights. Much is changing, but at least one thing remains constant: regulatory compliance must continue to be a priority for...

What’s the value of a robust ethics and compliance program? Michael Volkov suggests looking at compliance from a different perspective. An organization committed to integrity in all of its operations is trustworthy – both to its partners and to its clients or consumers. Therefore, a strong E&C program is a real marketing advantage.

To succeed in today’s economy, businesses must consider trust. For new companies, that often means building trust from scratch with customers, vendors and other stakeholders. For established businesses dealing with significant challenges, restoring trust is crucial. Different mechanisms can help cultivate trust, and it’s important to understand the principles of trust that hold societies together and learn from events that...

President Trump’s promises to dismantle the Dodd-Frank Wall Street Reform and Consumer Protection Act raise questions about how a repeal plan could impact whistleblowers. The Act created two whistleblower reward programs and enhanced the protections available to certain whistleblowers subjected to retaliation. Here’s how the changes could shake out.

Today’s outsource service providers (OSPs) are increasingly handling large amounts of sensitive information for their customers, resulting in a higher level of regulatory scrutiny. At the same time, the regulatory environment has become more complex, with standards and guidance in a continual state of flux.

Chief Compliance Officers come up against some formidable challenges. Without robust attorney-client privilege, unearthing compliance violations in the course of internal investigations could be one of them. Herein lies the perfect opportunity for a CCO/Chief Legal Officer partnership.

The DOJ and SEC have recently placed greater focus on personal liability in the fight against corporate misconduct, and chief compliance officers are feeling the squeeze. Some are asking themselves whether a future in compliance is worth the risk to their careers and personal lives. And at a time when many don’t have the resources they need to do the...

Blockchain has the potential to transform many business processes, making the data more available, transparent, immediate and secure. Its application in the financial services industry promises to improve efficiency and confidence in some of the most complex, cumbersome and costly processes, including regulatory compliance and reporting, KYC and financial crime prevention.

Real estate is one of most attractive sectors for criminals to launder dirty money due to the ease of entering and exiting the market, as well as weak regulations in the industry. This article highlights the most common schemes criminals use to launder ill-gotten money.