Compliance

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.

The annual Corruption Perceptions Index is out, and Asia-Pacific showed little improvement overall in 2015. Only a fraction of the 27 countries in the region “passed” in Transparency International’s scoring system, and while several nations did show slight increases in their scores and rankings, others took a tumble.

Global organizations have historically struggled with capturing a holistic view of their customers – one that spans international jurisdictions, lines of business, and product offerings while still allowing the corporation to maintain compliance. How does an organization standardize the definition and identification of customers when so many factors are at play?

Despite how many in front-line sales might feel, compliance and success aren’t antithetical concepts. A good compliance program is all about helping and supporting employees in the field. Doing business in compliance requires finding and bolstering the weak links, but – take it from a man who knows – considering the compliance team as partners instead of adversaries will get...

The U.S. Department of Justice's Antitrust Division gives little credit for an existing compliance program. However, a recent criminal case in Ohio establishes that the Division will credit certain compliance programs after conviction by a guilty plea or trial.

This week has been momentous for Star Wars fans. With the release of “The Force Awakens,” we remember everything we’ve loved about the timeless franchise. Tom Fox reminisces about the original trilogy (don’t worry, no spoilers from the new film here!) and its applications to compliance. So what can a compliance practitioner learn from Han Solo and Lando Calrissian?

With most organizations having moved past (or at least come to terms with) security concerns around the cloud, compliance is the next step. This piece outlines best practices for achieving cloud compliance, even in highly regulated industries, and touches on the five primary mistakes companies make, from avoiding the public cloud altogether to sacrificing control for reporting (or vice versa).

The workforce is continually evolving, and companies are leveraging remote workers now more than ever. Cost efficient and convenient as off-site staff can be, remote staff can pose compliance challenges for their employers. The process for completing I-9 forms, for instance, presents numerous opportunities for error -- each of which the employer is liable for.

In the first and second parts of this series, we introduced the special rules that federal courts apply when evaluating the legality of privately-negotiated settlement agreements in FLSA litigation and analyzed the permissible contents of the release clause therein. In this final installment, we discuss recent court opinions addressing the permissibility of nondisclosure terms in these agreements.

Having introduced the special rules federal courts apply when evaluating the legality of privately-negotiated FLSA settlements, we now focus on the permissible scope of the release clause in these agreements, with the aim of assisting practitioners in drafting agreements that will receive prompt court approval and secure dismissal with prejudice of their underlying litigation.

It’s absolutely critical that the Chief Compliance Officer and the Board of Directors work together to achieve a culture of ethics and compliance. With the Board’s backing, a CCO’s influence is far greater. Establishing that relationship, however, may be a daunting proposition. Michael Volkov outlines five steps to build this key bond.

FLSA litigation has dominated federal court dockets for more than a decade, but little attention has been paid to the agreements used to resolve such litigation. Unique policy considerations mean special rules apply. In today's post, the first installment of this three-part series, we explain these rules and the rationale underlying them.