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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.

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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.

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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

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.

Crypto scam

Democratic senators push PCAOB to crack down on crypto audit work

2023-01-27T20:18:00+00:00By

Sens. Elizabeth Warren (D-Mass.) and Ron Wyden (D-Ore.) called on the Public Company Accounting Oversight Board to address so-called “sham audits” of cryptocurrency companies by registered auditors in the aftermath of the collapse of FTX.

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PCAOB inspections: SPACs lend to Marcum struggles

2023-01-27T16:11:00+00:00By

The Public Company Accounting Oversight Board’s latest batch of 2021 audit inspection reports included a setback in results for Marcum largely related to the firm’s work dealing with special purpose acquisition companies.

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In Touch Games fined $7.6M for AML failures by U.K. Gambling Commission

2023-01-26T19:01:00+00:00By

U.K. online gaming company In Touch Games was fined £6.1 million (U.S. $7.6 million) by the country’s Gambling Commission for a series of anti-money laundering failures—its third such penalty since 2019.

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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.