Compliance

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.

The government cannot use a search warrant to compel access to consumer data stored outside the U.S. This decision was handed down by the Second Circuit, which found that the Stored Communications Act does not authorize courts to enforce warrants to obtain information on foreign servers.

Human rights violations in business, particularly in the form of human trafficking, modern-day slavery and forced labor, continue to be a major worldwide issue. A company that uses suppliers engaged in such actions could sustain significant fines and reputational damage. Incorporate anti-trafficking measures throughout your company’s operations to ensure workers’ dignity isn’t sacrificed for the sake of higher profits.

The SEC has taken an aggressive stance against the use of employee confidentiality agreements that may discourage whistleblowers. While the agency has only brought one enforcement action based solely on such an agreement, the message is clear: Employers should think twice about the confidentiality requirements they impose on their employees.

India offers vast potential for worthwhile business ventures. However, while the rewards can be great, so can the risks. To achieve success, companies must have a holistic compliance strategy, which requires a thorough understanding of the country's marketplace, business culture and regulatory environment.

By integrating a compliance framework into the customer communications design and development workflow from the start, regulated organizations can simultaneously achieve what can seem to be the competing goals of ensuring compliance and maintaining flexibility in document design. A holistic approach is needed to ensure compliance in regulated industries.

Some simple tweaking can be all it takes to make online compliance training courses more successful. Add a few elements here and there to your training program to reduce noncompliance in your organization. Since most compliance violations can be attributed to ignorance rather than ill will, a more effective instructional program should be top priority.

In order to build and maintain a strong ethics and compliance function, top leadership needs to check in periodically with the head of compliance – and ask the hard questions. While the answers to some of their questions may be tough pills to swallow, awareness of an issue is necessary if improvement is ever to happen. Start the conversation with...

There are plenty of examples of executives and other senior leaders being complicit in wrongdoing – and even actively involved in a cover-up. When this happens, the CCO’s job is at risk. He or she is possibly most likely to find and expose the corruption. And this isn’t the only threat to CCOs. It’s prudent for compliance officers to protect...

Teams developing software in regulated environments face a major challenge: defining comprehensive, high-quality software requirements for regulatory compliance is critical. This article offers eight best practices to support compliance and ensure project success.

At the heart of the compliance focus with social media channels is the balance between personal and business orientation for each of the various channels – namely LinkedIn, Twitter, and Facebook. The potential co-mingling of personal and business content as a result of using the same social media channel and persona for both raises some interesting issues, however…

For years, there has been talk about the need for organizations to adopt a “culture of compliance” where following the rules means embracing the spirit of them. We offer some real world ways to “bake” compliance into your organization to ensure employees do what's expected, and what's right, even when nobody is looking.