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Published every Thursday, Compliance Week Europe offers a condensed summary of risk, audit, and compliance news either originating in Europe, or of special interest to European compliance professionals. This newsletter will follow developments by the European Commission, as well as those of national governments across the region, or any U.S.-based news that might have consequence across the Atlantic. Frequency: weekly; Thursday a.m.

A fresh edition of Compliance Week delivered via e-mail and online every Tuesday morning, relentlessly focused on the disclosure, reporting and compliance requirements of our 25,000+ paying subscribers.

Published every Friday, Compliance Weekend was launched at the behest of subscribers, and offers a quick Plain English review of the week's key developments. We hope you enjoy this supplement to Compliance Week's Tuesday edition.

The Universal Process Improvement Framework
Managers are being asked to do more with less. They need a way to apply process improvement thinking on a smaller scale. In this paper, we'll explain the Universal Process Framework, the thinking behind it, and how it can help anyone at your organization effect change. Access the white paper.

  • Enforcement Action Blog

    Former MoneyGram CCO Fined $1 Million

    December 18, 2014

    MoneyGram International’s former chief compliance officer, Thomas Haider, has been fined $1 million by the Treasury Department’s Financial Crimes Enforcement Network for failing to ensure that his company abided by the anti-money laundering provisions of the Bank Secrecy Act. Concurrently, the U.S. Attorney’s Office for the Southern District of New York is seeking to bar Haider from future employment in the financial industry.

  • News bulletin

    Regulators Publish Latest Thinking on AML Compliance

    December 16, 2014

    Financial regulators have just updated their examination manual for anti-money laundering compliance, giving financial firms plenty of holiday reading on how they should structure their AML programs. “The big changes are in areas where things have moved forward: virtual currency, prepaid cards, changes in the SAR rules, aggregation for country transaction reports,” says Robert Axelrod, head of AML consulting at Deloitte. “These are areas where there is just more going on.”

  • News bulletin

    More Hints on Putting New COSO Framework to Work

    December 16, 2014

    It’s official: The SEC will not roast companies over an open flame if they continue to use the old COSO framework for internal controls into 2015. That said, SEC staffers also warned at the annual AICPA conference last week that their largesse will not last long, and a bevy of other experts offered opinions on how to put COSO’s new framework to work as quickly and effectively as possible. Full details inside.

  • Roundtable Coverage

    Shop Talk: Useful Metrics, Effective Training

    December 16, 2014

    Effective compliance programs hinge on good training and proper metrics to see how your training influences employee behavior. That was the subject of Compliance Week’s latest executive roundtable, held in Washington and sponsored by LRN. Complete coverage is inside, from what effective metrics look like to how effective training works.

  • News bulletin

    SEC Officials Provide More Ideas on Less Disclosure

    December 16, 2014

    A small army of SEC officials attended the annual AICPA conference last week, offering all manner of advice to financial reporting executives struggling to comply with external reporting rules. One subject: how to achieve better disclosure with fewer words. “We are aware there are some registrants that seem to have navigated those challenges in practice,” SEC official Cicely LaMothe said. We have a run-down inside, including good ideas from Intel, Brown-Forman, General Electric, and elsewhere.

  • News bulletin

    NIST Framework Is a Crucial Cyber-Security Tool

    December 16, 2014

    Each day, it seems another big-name company falls victim to a cyber-attack. The new framework for assessing the security flaws, developed by the National Institute of Standards and Technology, may be intended for critical-infrastructure companies, but other businesses may find that its guidance offers more help than the mélange of existing regulations and industry standards they already face.

  • News bulletin

    Making CD&A Disclosure More Meaningful

    December 16, 2014

    As compensation committees and securities lawyers gear up for the 2015 proxy season, honing a useful Compensation Discussion & Analysis will be a big part of filing the proxy statement. What are the latest trends in CD&A disclosure? Telling investors how their input has been incorporated into pay decisions, and some preliminary planning for the CEO pay disclosure rule that might, maybe, just possibly, arrive in 2015. More examples inside.

  • Jose Tabuena

    Effective Governance and the Three Lines of Defense

    December 16, 2014

    Compliance officers, internal auditors, fraud investigators, controllers—these days, all of them might work at one company together to assist the business in managing risk. The trick to effective governance, however, is to assign all those professionals (and more) to their proper places in the Three Lines of Defense model for assurance and risk management. Inside, columnist Jose Tabuena explores the logic behind that model and how to structure your organization’s control processes to support good governance.