Financial institutions have been hit with billions of dollars’ worth of fines in the past couple of years for failing to preserve business text messages, and Reuters recently reported that the SEC had expanded its probe into Wall Street's use...
Read more“Dumb Money,” which opens in theaters later this month, tells the story of how retail investors turned GameStop, a struggling shopping mall staple, into the world’s hottest company; SteelEye’s Matt Smith tells the story of how federal watchdogs still haven’t...
Read moreWhile 2021 may have been rather light when it comes to the number of FCPA enforcement actions, that doesn't mean the year was unlikely to have major corruption and FCPA enforcement action implications for years to come. A pair of...
Read moreThe Biden administration, in a March memo, estimated EIDL and PPP fraud has totaled $84 billion to date. Numerous federal entities and civil servants have been empowered to investigate. Organizations should expect an increase in enforcement and prepare accordingly. On...
Read moreOFAC's recent enforcement action against MoneyGram underscores organizations' need for robust screening to ensure AML compliance and prevent sanctions violations. MoneyGram, a global payments service, has settled with OFAC for $34,329 for 359 sanctions programs violations. According to OFAC, the...
Read moreThe SEC has already or may yet update its periodic reporting requirements on a number of fronts. Most of these relate to ESG, KPI and non-GAAP disclosures. Meanwhile, COVID-19 continues to require dynamic responses. Public companies have been monitoring and...
Read moreVeriff's IDV and KYC services cross-reference users against government-issued IDs from 190 countries. The company experienced 600 percent revenue growth in 2020. Veriff has raised a Series B funding round worth $69 million. The coronavirus pandemic has spurred strong demand...
Read moreThe Biden administration has signaled numerous cross-border enforcement updates that carry compliance implications, including updated anti-corruption, financial and sanctions measures. President Biden has repeatedly promised to make the fight against corruption in the U.S. and abroad a central part of...
Read moreIn-house counsel and compliance both assess risk. As such, they often vie with one another. A collaboration, however, can serve to raise both up and significantly enhance a company's risk assessment overall. Lawyers get a bad rap – not just...
Read moreWith the SEC poised to take action on ESG compliance, companies are at an impasse: There’s no clear direction on ESG reporting and no agreement about what ESG compliance even means. Answers to the myriad questions around ESG reporting remain...
Read morePrivacy laws remain a moving target, and businesses must create privacy management programs that are flexible to fluid regulations and evolving business models. This is especially true as numerous states consider their own privacy legislation. This alert summarizes the latest...
Read moreCountries and economic unions around the world are adopting national privacy laws. Rather than state-by-state privacy legislation, wouldn’t it be easier to have one all-encompassing privacy law for the U.S.? Imagining a National Business Landscape Without a National Privacy Law...
Read moreFounded in 2010, CCI is the web’s premier global independent news source for compliance, ethics, risk and information security.
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