Tamar Frankel, honored for Lifetime Achievement in Compliance at the 2022 Excellence in Compliance Awards, authorized CW to share excerpts from her book “Institutional Self-Regulation.” The following is a passage from the book’s chapter on institutional subversive culture, ethics, power, and behavior.
Posted inEurope
Why beneficial ownership is crucial in supporting current sanctions
To ensure Russian money is controlled, and for sanctions to work, it is imperative the beneficial owners of sanctioned firms are identified. But determining beneficial owners is not always straightforward.
Posted inCase Studies
A Tale of Two Storms Case Study
Compliance Week embarked on its first-ever long-form case study in mid-2019 to tell the story of Carnival Corporation’s history of chronic environmental violations and its road back to compliance under new leadership and the watchful eye of the federal government.
Posted inRisk Management
Managing correspondent banking relationships
Correspondent banking is a vital part of the global economy, but when incorrectly managed can present considerable financial crime risks.
Posted inEthics & Culture
Breaking the glass ceiling in ethics and compliance
Jane Levine, chief compliance officer at DailyPay, shares three suggestions for ensuring women are empowered within the ethics and compliance profession.
Posted inEurope
ICA Insight: Russia sanctions frequently asked questions
Jake Plenderleith of the International Compliance Association answers selected questions from attendees of a recent ICA webinar on Russian sanctions intended to help provide clarity on what firms can do to protect themselves from exposure.
Posted inRisk Management
Five considerations for a transaction monitoring system
Transaction monitoring is an area constantly in the spotlight. David Povey of the International Compliance Association explains five key monitoring considerations for anyone managing or working within financial institutions.
Posted inRisk Management
Greenwashing under the spotlight
Financial institutions have outlined commitments to reduce their CO2 emissions, though many observers have noted a disconnect between what institutions are saying about climate change and what they are doing about it.
Posted inRisk Management
Where are we heading with ESG?
Climate change is no longer a niche interest. If the trend continues, long-term views and ambitions will overtake short-term, “at any cost” profitability because appetites will change. Where must companies focus?
Posted inResource
Download the ‘Coming Clean’ Volkswagen case study
This comprehensive case study examines how Volkswagen survived a 3-year monitorship in the wake of Dieselgate and worked systematically to change a culture of fear and hurt among a staff of 640,000 to one of integrity and restored pride.
