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On today’s episode, Shaul Shalvi, an Associate Professor of CREED, part of the Faculty of Economics and Business at the University of Amsterdam. His research interests are in behavioral and experimental economics with a focus on behavior ethics, and currently...

Musings of a Cognitive Risk Manager To drive change, you need buy-in, and to achieve buy-in, your people need to know the “why” behind the change. This is the premise behind cognitive risk governance, the “designer” of human-centered risk management....

The ex-compliance chief of MoneyGram International Inc. (MoneyGram) is found personally liable for MoneyGram’s AML failures. The lawsuit is unprecedented in growing regulatory efforts to impose personal liability on a compliance officer for a company program failure. Patty Tehrani offers...

Siemens' story was a real turning point for the compliance community; the company continues to hold the record for the largest penalties in an international bribery case (a total of $1.6 billion in fines, penalties and disgorgements). Alexandra Wrage speaks...

Ethics experts from Bentley University's Center for Business Ethics discuss several reasons why businesses should have values-driven management, as well as give you a good starting point for implementing values-driven management in your company.

Following last year’s Principles for Improving Board Risk Reporting comes an updated list. This expanded set of principles comes from Protiviti’s Jim DeLoach and Rick Steinberg, CEO of Steinberg Governance Advisors. While the original six principles focused primarily on what...

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

ISO 37001 specifies requirements and provides guidance for establishing, implementing, maintaining, reviewing and improving an anti-bribery management system. There is, of course, good cause for businesses in India to adopt the new standard, but it’s likely that there will be...

Driven by technology advances, GRC is going through a sea change. Practitioners are completely rethinking the GRC infrastructure and will use digital transformation and data analytics to make their programs far more responsive to the evolving needs of their organizations....

The Fourth-Party Challenge The identification and monitoring of fourth-party vendors has become an increasingly important piece of the vendor management puzzle, especially with the announcement of SSAE 18, which takes effect in just a few months.  SSAE 18 requires the...

“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...

The Case for a Compliance SME Just as it wouldn’t be wise to have a tax attorney negotiate a bribery settlement, you don’t want someone with minimal compliance experience serving as your board’s subject matter expert on compliance. The DOJ...