Top Stories

AI use


Despite AI hype, compliance remains hesitant adopter


Most compliance professionals say their teams are not using artificial intelligence to assist with compliance obligations, according to our “Inside the Mind of the CCO” survey.

ESG data


More companies enter ‘discovery phase’ of ESG reporting in 2023


Climate-related disclosure efforts are amplifying year over year, despite persistent and persnickety pain points, as more organizations widen the scope of their ESG journeys, our “Inside the Mind of the CCO” survey found.

Binance crypto


Binance’s compliance past, future detailed


There are a slew of compliance lessons to be learned from the $4.3 billion settlement that Binance, the world’s largest cryptocurrency exchange, reached with the U.S. government.

Kyle Welch, Associate Professor, George Washington University


Digital Transformation of Compliance podcast: GWU Professor Kyle Welch


In this episode of the Digital Transformation of Compliance podcast series, Kyle Welch, a George Washington University associate professor of accountancy, discusses findings from his research on internal whistleblowing and compliance dashboards built by publicly traded U.S. companies to leverage hotline data.

CW Surveys

dlapiper 300x200

Survey: How does your business manage its cybersecurity risks?

Provided by DLA Piper

In anticipation of the SEC’s new cybersecurity incident disclosure rule, Compliance Week and DLA Piper want to know the maturity of your company’s cybersecurity program. Assess your business’s readiness against your peers by taking our survey.

Personalize this space

Tell us the subject areas most of interest to you in your job, and we can help you find what you’re looking for quicker. By selecting from our list of topics, industries, and regions, you can customize content on this page to suit your needs.

Sign in to set your preferences

Don’t have an account? Start a free trial today.

More from Compliance Week

U.K. Parliament


All eyes on Companies House in U.K. corporate transparency efforts


The success of the U.K.’s latest legislative efforts to tackle financial crime depends on the capability of transforming what is often regarded as one of the country’s most passive regulators into a proactive—even aggressive—prosecuting authority.

Russia sanctions


No clear path for leniency for U.K. firms navigating Russian sanctions


U.K. companies might be wary of informing regulators they have potentially violated sanctions against Russia over fears they could be publicly criticized for even minor breaches.

Rio Tinto

News Brief

Rio Tinto to pay $28M in SEC fraud case


Rio Tinto consented to pay a $28 million fine to resolve charges levied by the Securities and Exchange Commission alleging the mining company and its executives committed fraud by inflating the value of coal assets.

SEC building

News Brief

SkiHawk Capital Partners beats SEC fraud lawsuit


SkiHawk Capital Partners won the dismissal of fraud claims against it, another investment adviser, and their owners and managers by the Securities and Exchange Commission.


News Brief

Medical center to pay $80K for Covid-19 patient info shared with media


Saint Joseph’s Medical Center agreed to pay $80,000 as part of a settlement with the Department of Health and Human Services’ Office for Civil Rights for potential violations of the Health Insurance Portability and Accountability Act.


News Brief

SEC dings Laidlaw and Company over Reg BI lapses


Registered broker-dealer Laidlaw and Company agreed to pay more than $800,000 as part of a settlement with the Securities and Exchange Commission addressing multiple alleged violations of Regulation Best Interest.

Ecuador street

News Brief

British reinsurers Tysers, H.W. Wood settle with DOJ over Ecuador bribes


Two U.K.-based reinsurance brokers, Tysers Insurance Brokers and H.W. Wood, reached separate settlements with the U.S. Department of Justice addressing their participation in a wide-ranging scheme to pay bribes to Ecuadorian government officials.

AI business


Using AI? The SEC wants to know about it


The Securities and Exchange Commission has not yet implemented rules governing use of artificial intelligence but still expects regulated entities to adhere to commonly accepted practices, including disclosure, said an agency enforcement official.


News Brief

CISA guidance provides cyber risk mitigation strategies for healthcare


New guidance released by the Cybersecurity and Infrastructure Security Agency offers best practices for organizations in the healthcare and public health sector to adopt to combat rising cyber threats.


News Brief

Toyota finance arm to pay $60M in CFPB settlement


Toyota Motor Credit Corp. agreed to pay $60 million as part of a settlement with the Consumer Financial Protection Bureau addressing allegations of illegal lending and credit reporting misconduct.



No time like present to tackle thorny problem of off-channel comms


The new messaging on use off-channel communications for business should be clear: What was done before is no more. It cannot continue. The stakes are too high.

Morgan Stanley

News Brief

Morgan Stanley settles with states for $6.5M over mishandled data


Morgan Stanley agreed to pay $6.5 million as part of a settlement with six states requiring the firm to strengthen its data security after actions it took compromised the personal data of millions of customers.


News Brief

French high court orders new trial into $2B fine against UBS


France’s top court struck down a fine of €1.8 billion (U.S. $2 billion) imposed on UBS in 2021 by a lower court, despite upholding a guilty verdict related to money laundering and tax fraud in the Swiss bank’s cross-border activities.

DOJ wall

News Brief

Lifecore Biomedical earns FCPA declination for voluntary self-disclosure


Pharmaceuticals company Lifecore Biomedical won’t face prosecution for apparent violations of the Foreign Corrupt Practices Act after satisfying multiple factors of the Department of Justice’s recently updated voluntary self-disclosure policy.

DOJ building

News Brief

CCO jailed 4 1/2 years for role in $50M Medicare fraud


The chief compliance officer of a defunct pharmacy holding company was sentenced to 4 1/2 years in prison after being found guilty of conspiracy to commit healthcare fraud and wire fraud earlier this year.


News Brief

CFPB fines Enova $15M, orders exec compensation tied to compliance


The Consumer Financial Protection Bureau levied a $15 million fine against nonbank online lender Enova International for “widespread illegal conduct” that violated a previous agency order.


News Brief

SEC adopts Dodd-Frank rule on clearing agency conflicts of interest


The Securities and Exchange Commission continued its recent run of pushing through remaining regulations under the Dodd-Frank Act of 2010 by adopting new rules to mitigate conflicts of interest for security-based swap clearing agencies.


News Brief

Nursing home chain, owner to pay $45.6M in kickbacks case


Prema Thekkek and the six skilled nursing homes she owned through her company, Paksn, agreed to pay $45.6 million in entering a consent judgment with the Department of Justice to resolve allegations employees paid kickbacks to doctors who brought patients to them.

Work phone


How technology can help track off-channel communications use


Establishing a set of policies and procedures to prevent employee use of nonauthorized electronic communications to conduct business is relatively straightforward. The hard part is monitoring compliance.

NatWest building


Experts: ICO apology to ex-CEO does not absolve NatWest of GDPR liability


Just because Alison Rose received a public apology from the U.K. Information Commissioner’s Office regarding the suggestion she might have violated the General Data Protection Regulation doesn’t mean NatWest could avoid sanction.


News Brief

KPMG Japan fined $500K over journal entry quality controls


The Japanese affiliate of Big Four audit firm KPMG was assessed a $500,000 penalty by the Public Company Accounting Oversight Board for quality control deficiencies regarding journal entry testing.

New York healthcare

News Brief

N.Y. hospitals face stiff cybersecurity requirements under proposed rules


New York hospitals would be required to have a cybersecurity program that includes regular cyber risk assessments under newly proposed regulations.



A job never done: Tips for TPRM integration


Taking risk mitigation further and understanding your third parties and their risks can create value for your organization, practitioners discussed as part of a panel at CW’s virtual TPRM and Oversight Summit.


News Brief

Charter Communications fined $25M over stock buyback violations


The Securities and Exchange Commission fined Charter Communications $25 million for violating internal accounting control requirements related to stock buybacks.

Bank of America


Table: SEC, CFTC off-channel communications penalties

2023-11-15T17:00:00+00:00By Compliance Week

The Securities and Exchange Commission and Commodity Futures Trading Commission have combined to levy nearly $2.8 billion in penalties (so far) against firms and their affiliates in response to recordkeeping failures regarding employee use of off-channel communications for business purposes.

Messaging apps


Solving the off-channel communications conundrum


Firms monitoring employee use of off-channel communications for business purposes face numerous obstacles. How much is enough, in the opinion of regulators? How much is too much, in the eyes of employees? Determinations must be made as regulators crack down.

SEC office

News Brief

SEC lauds cooperators, whistleblowers in FY23 enforcement results


A big year for disgorgement helped the Securities and Exchange Commission to its second highest total of financial remedies ordered in a single year in fiscal year 2023.

PwC sign

News Brief

PwC Greece fined $3M for due care, skepticism failures


The Greece-based branch of Big Four audit firm PwC agreed to pay $3 million as part of a settlement with the Public Company Accounting Oversight Board addressing alleged failures in due professional care and appropriate skepticism regarding an audit of a marine fuel logistics company.

London dark

News Brief

SFO investigating $83M of missing client funds by Axiom Ince


The U.K. Serious Fraud Office launched an investigation into collapsed law firm Axiom Ince and an estimated £66 million (U.S. $82.5 million) worth of client funds that went missing.



The five pillars of visibility

2023-11-14T19:30:00+00:00By Hol Thomas-Wrightson, International Compliance Association

Learn key advice on how to raise your professional profile, whether you are working as a compliance professional in a permanent role for one company or as an independent contractor.

CWE2023 Whistleblower panel


Companies must set clear tone under EU whistleblower rules


With a moving target for compliance under the EU’s Whistleblower Directive, the opportunity exists for companies to set their own standards on whistleblowing and engender greater trust among employees, according to a panel at Compliance Week’s Europe conference in London.

Healthcare compliance

News Brief

HHS publishes updated healthcare compliance guidance


New guidance from the Department of Health and Human Services is designed to apply generally to the healthcare industry, from doctors to pharmaceutical manufacturers, and help all such entities self-monitor their compliance and prevent waste, fraud, and abuse.

CWE23 compliance officer panel


Embracing change key to success for compliance officer of tomorrow


Between changes in technology and regulation and worsening geopolitical tensions, the compliance officer is being tested like never before. Those who will succeed in this environment are the ones that will be open to change, a panel discussed at Compliance Week’s Europe conference in London.

Crisis management


Crisis management: Know the facts, keep communications clear


A panel of legal experts breaks down how to handle an all-out crisis, from whom to involve, what to disclose to regulators, and how to conduct a proper investigation.


News Brief

Merged UBS, AI on FINMA’s risk radar


A year of significant change in the Swiss banking sector, including the acquisition of Credit Suisse by UBS, has the country’s financial regulator prioritizing new risk areas on its radar.


News Brief

Axpo Italia fined $10.5M in GDPR case over data processing


Axpo Italia, a producer and trader of renewable energy products, was penalized under the General Data Protection Regulation by the Italian data protection authority for processing inaccurate and outdated personal data of customers.


News Brief

Ex-OneCoin compliance head pleads guilty to fraud role


The former head of legal and compliance at OneCoin pleaded guilty to fraud charges regarding her role in a cryptocurrency marketing scheme that generated more than $4 billion in sales and revenue.

Bank 2024


KPMG report forecasts heighted risk standards for banks in 2024


A new report from KPMG predicted the banking and financial services industries will be hit with unprecedented regulatory intensity in 2024, with regulators expecting compliance deficiencies to be addressed more thoroughly and quicker than ever before.

Morgan Stanley

News Brief

Report: Morgan Stanley AML controls draw Fed scrutiny


The wealth management arm of Morgan Stanley is being probed by the Federal Reserve regarding the controls it has in place to prevent wealthy foreign customers from laundering money, according to a report from the Wall Street Journal.

Due diligence


TPRM Summit: How to operate a risk-based due diligence program


A panel of experts broke down the nuts and bolts of integrating a risk-ranking strategy and tailored approach to third-party due diligence at CW’s virtual TPRM and Oversight Summit.

Citi building

News Brief

CFPB: Citi to pay $26M over Armenian American discrimination


Citi agreed to pay $25.9 million in fines and redress as part of a settlement with the Consumer Financial Protection Bureau addressing allegations the bank discriminated against credit card applicants identified as Armenian American.



N.Y. law to pose hurdle for RIA’s off-channel comms supervision efforts


A New York state law that takes effect next year will make it more difficult for registered investment advisers in the state to conduct proactive testing for violations of their firms’ off-channel communication policies.

DOJ building

News Brief

FCPA opinion tackles government-authorized payments


A new Foreign Corrupt Practices Act review by the Department of Justice offers an example of when stipends paid to foreign government personnel would not be considered a violation of the anti-bribery provisions of the law.

China scrutiny


Due diligence in China: Mitigating arrest, detention risks


Lack of transparency around how to remain within the legal bounds of China’s national security laws has heightened companies’ concerns regarding performing on-site due diligence in the country.

Fraud victim

News Brief

FCA review finds fraud victim support lacking


Payment service providers could do more to support victims of fraud, including through better communication procedures, a review by the U.K. Financial Conduct Authority found.

General Electric

News Brief

GE Aerospace to pay $9.4M in DOJ false claims case


GE Aerospace, an operating division of General Electric, agreed to pay more than $9.4 million as part of a settlement with the Department of Justice addressing allegations the company sold parts to the U.S. military without proper inspections or specifications.

Data money

News Brief

CFPB proposes expanded oversight of nonbank companies


The Consumer Financial Protection Bureau is seeking greater authority to supervise the activities of companies that offer services like digital wallets and payment apps on par with how the agency oversees large banks, credit unions, and other financial institutions.

AI law


Biden AI executive order tips hand on areas of regulation focus


It’s all hands on deck at the White House to put into motion the dozens of directives in President Joe Biden’s executive order on artificial intelligence, according to Nik Marda, chief of staff for the Technology Division in the Office of Science and Technology Policy.

CFTC building

News Brief

CFTC touts record digital asset results in FY23 enforcement recap


The Commodity Futures Trading Commission solidified its view that it should be a primary regulator of cryptocurrencies with a record amount of cases regarding the digital asset space in fiscal year 2023.

Stan Yakoff, CW Advisory Board Member and Fordham Law Professor


Digital Transformation of Compliance podcast: CW Advisory Board member Stan Yakoff


In this episode of the Digital Transformation of Compliance podcast series, Stan Yakoff, a CW Advisory Board member and Fordham Law professor, shares his perspectives on sourcing new technologies, data measurement, and areas where tech can make the biggest impact.

LinkedIn Group