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Cryptocurrency wallet

Banking regulators pledge to examine crypto asset risks in 2022

2021-11-24T16:06:00+00:00By

Determining whether crypto assets are legal, safe, and provide consumers with adequate protection from fraud are three areas of concern federal banking regulators say they will examine in 2022.

Jaeger_opinion

Activision Blizzard case study: When CCOs become the CEO’s mouthpiece

2021-11-23T19:49:00+00:00By

Many chief compliance officers report directly to the board or chief executive officer. But what happens to the CCO when the CEO is the problem? Take Activision Blizzard as an example of what not to do.

Goldman Sachs

Fed ends 2016 enforcement against Goldman Sachs for supervisory data misuse

2021-11-23T20:42:00+00:00By

The Federal Reserve Board of Governors has terminated a 2016 enforcement action against Goldman Sachs Group ordering the bank to pay $36.3 million for the unauthorized use and disclosure of confidential supervisory information from banking regulators.

Inside the Mind of the CCO

aaron mind graphic

Inside the Mind of the CCO: New responsibilities come to fore in 2021

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For the third straight year, respondents to our “Inside the Mind of the CCO” survey indicated lack of support and resources as the No. 1 part of their job that keeps them up at night. It’s cause for concern, especially as the role’s mandate grows.

Happy businesspeople

Compliance: The happiest profession on Earth?

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While the “Great Resignation” takes its toll on many industries, compliance officers responding to CW’s “Inside the Mind of the CCO” survey still near-unanimously say they are happy with their jobs. Amii Barnard-Bahn speaks with practitioners for their insights into the disparity.

Gender gap

Stop normalizing the gender pay gap

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Our “Inside the Mind of the CCO” survey revealed women in compliance were paid far less than men. In a profession where practitioners are hailed as paragons of ethical integrity, why is this OK?

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More from Compliance Week

Shipping boat

How agile companies succeed in the throes of supply chain woes

2021-11-22T15:26:00+00:00By

In the midst of unimaginable global supply chain chaos, leading companies are adjusting their supply chains in a variety of ways, turning disruption into competitive advantage.

Deforestation

​FinCEN notice warns banks of environmental crime

2021-11-19T22:06:00+00:00By

The Financial Crimes Enforcement Network issued a notice to banks and other financial institutions calling attention to what it has identified as a rising trend in environmental crimes.

Cybersecurity offices

Rule requires banks report significant ‘computer-security incidents’ within 36 hours

2021-11-19T21:15:00+00:00By

Federal banking regulators issued a rule that requires financial institutions to notify their regulator within 36 hours of a “computer-security incident” that materially affects their operation, ability to deliver services, or the stability of the financial sector.

McKinsey

McKinsey affiliate to pay $18M for poor handling of nonpublic information

2021-11-19T18:33:00+00:00By

MIO Partners, a wholly owned subsidiary of management consulting firm McKinsey & Company, has agreed to pay an $18 million penalty for failing to maintain adequate policies and procedures to prevent the misuse of material nonpublic information.

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