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CCOs show resilience in early survey data; compliance-blind NRA in crosshairs

2020-08-06T20:41:00+01:00By Compliance Week

The National Rifle Association “Failed It” big time if a suit alleging a lack of compliance controls proves true. Meanwhile, we tip our caps to the stalwart CCOs who carry on despite a cut in pay and resources due to the pandemic.

Accounting

Despite pandemic, ‘time to act is now’ on LIBOR transition

2020-08-07T14:47:00+01:00By

Focus on LIBOR transition may have slipped during the coronavirus pandemic, but the recent conversation among regulators is once again looking toward life after the soon-expiring reference rate.

KYC

Common sense KYC: Customers should supply the knowledge

2020-08-07T15:39:00+01:00By

No one knows a customer better than the customer. As such, financial crime expert Martin Woods believes the onus should be on the customer to provide the required data to keep KYC logs up to date.

New York Supreme Court

New York AG cites ‘culture of noncompliance’ in NRA fraud lawsuit

2020-08-06T20:48:00+01:00By

Central to the New York Attorney General’s lawsuit seeking to dissolve the National Rifle Association are allegations that the nonprofit’s “culture of noncompliance” allowed EVP Wayne LaPierre and three other NRA officers to steal $64 million from the organization over three years.

CW Surveys

Inside the Mind of the CCO

Survey: Help us get ‘Inside the Mind of the CCO’

By Compliance Week

Take 7 minutes out of your day to complete our totally anonymous, second annual “Inside the Mind” survey so we can find out what makes a CCO tick.

Three Lines

Survey: Your take on the IIA’s new ‘Three Lines Model’

Provided by

The IIA’s revised Three Lines Model strives to enjoy more flexibility between the lines. Compliance Week and Workiva would like to hear from you regarding whether the updated version lives up to expectations or poses challenges.

Partner Content

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Compliance Training That Sticks

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A free guide from OnCourse Learning to creating a high-impact financial compliance program.

Data and Research

  • Survey: Past crises prepared compliance for coronavirus pandemic

  • Special report: Compliance training

  • Special report: Inside the Mind of the CCO

  • Special report: Maturing in your technology journey

More from Compliance Week

Canada

Canadian market regulator floats flexible firm CCO models

2020-08-05T16:00:00+01:00By

The Canadian Securities Administrators has published guidance that effectively gives registered firms in Canada more flexibility in satisfying chief compliance officer staffing requirements through three optional models.

coronavirus office

Don’t wait for Congress to save your firm from coronavirus liability

2020-08-05T13:59:00+01:00By

If you are an employer hoping Congress will pass a “coronavirus liability shield” bill to help your company deflect COVID-19 lawsuits, consider this: No such “shield” will do much good unless you’ve already taken action to create a safe workplace.

Shipping boat

U.K. issues maritime guidance for reducing sanctions risk

2020-08-04T16:23:00+01:00By

The United Kingdom has become just the second country to issue guidance for companies in the maritime shipping industry alerting them about common illicit and suspicious practices used to evade sanctions.

Twitter

Twitter could face up to $250M FTC fine for misuse of data

2020-08-04T15:34:00+01:00By

Twitter disclosed in a regulatory filing that it could face fines of up to $250 million by the Federal Trade Commission for misusing people’s personal information for advertising purposes.

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.