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Best Buy store

Learning from Wells Fargo: How Best Buy launched its enterprise risk and compliance function

2023-02-02T13:00:00+00:00By

Todd Hartman, general counsel and chief risk officer of Best Buy, shares the catalyst behind revamping the retailer’s second line of defense and the lasting benefits of separating compliance from legal.

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Allianz case questions if DOJ encouraging scapegoating in individual liability push

2023-02-02T19:21:00+00:00By

Is the Department of Justice’s focus on individual accountability in white-collar crime cases encouraging companies to scapegoat their employees? A recent court filing in a $6 billion corporate fraud case could give company officers some sleepless nights.

Business data

Experts: New AI laws pose risk of overlap with data protection mandates

2023-02-02T17:31:00+00:00By

Companies are at serious risk of facing multiple fines for the same offense under different sets of legislation if the artificial intelligence technologies they employ misuse personal data or cause harm to consumers, according to legal experts.

Spinning globe

TI 2022 Corruption Perceptions Index shows ‘scant progress’

2023-02-03T17:10:00+00:00By

Around the world, countries attempting to address their corruption issues are not making much progress, while countries failing to address corruption are worsening the problem, according to Transparency International’s latest Corruption Perceptions Index.

CW Surveys

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Survey: Data retention in 2023

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The level of urgency around data privacy grows each year, with new laws being implemented across the globe and technologies offering enhanced means of data storage.

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Foster a Culture of Ethical Behavior

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Strengthen your ability to monitor, create, and maintain a culture of trust where your team can thrive.

Data and Research

  • Survey: Measuring the impact of code of conduct training

  • Survey: How businesses are confronting governmental licenses in M&As

  • Survey: Firms early to prep for SEC’s climate-related disclosure rule

  • Closing the data risk gap: How technology enables data protection

  • Desire for transparency launches FedEx on ESG journey

  • CW case study offers 360-degree view of ransomware attack

  • CW presents: ‘Coming Clean: Volkswagen’s Dieselgate scandal and compliance monitorship’

  • Compliance Week presents: ‘A Tale of Two Storms’

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More from Compliance Week

Ransomware

Study: Healthcare overtakes finance as most breached industry in 2022

2023-01-31T21:06:00+00:00By

Healthcare organizations were under attack more than ever by cybercriminals in 2022, overtaking finance as the most breached industry, according to the latest analysis from Kroll.

Walgreens

Walgreens to pay $7M for accepting alleged FCA violation proceeds

2023-01-30T17:13:00+00:00By

Walgreens agreed to pay $7 million to settle alleged violations of the False Claims Act that it overbilled the state of Tennessee’s Medicaid insurance program for Hepatitis C medications and kept the proceeds even after it discovered an employee’s misconduct.

California AG

California AG launches CCPA violation sweep against mobile apps

2023-01-30T16:27:00+00:00By

The California attorney general announced his office notified an unspecified number of businesses with mobile apps they are failing to comply with the California Consumer Privacy Act.

Federal Reserve

Fed cites AML weaknesses in denying Custodia Bank membership application

2023-01-27T20:57:00+00:00By

The Federal Reserve Board denied the application of Custodia Bank for membership in the Federal Reserve System, citing weaknesses in the digital-first bank’s anti-money laundering protocols as part of its decision.

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CW accepting nominations for 2023 ‘Excellence in Compliance Awards’

Nominations are open for Compliance Week’s fourth annual “Excellence in Compliance Awards,” with winners to be recognized at our 2023 National Conference from May 15-17 in Washington, D.C.

LinkedIn Group

    Looking for a forum to interact with corporate compliance officers, internal auditors, risk officers, financial reporting executives, and other corporate governance enthusiasts? Join the Compliance Week LinkedIn group, where members network and discuss GRC news and issues. Open to compliance practitioners.