An increasing number of regulations worldwide regarding human rights due diligence, especially concerning forced labor and child labor, are relevant for any company that is serious about running an ethical business supply chain, experts say.
Adrianne Appel
Adrianne Appel writes regulatory news, policy, and trends for Compliance Week. She previously reported about policy developments for Bloomberg Law and Bloomberg Government.
Email: adrianne.appel@complianceweek.com
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Posted inUncategorized
Compliance Week’s Inside the Mind of the CCO reveals stubborn gender pay gap
Despite years of attention, male compliance professionals remain more highly compensated than women, according to the sixth annual Compliance Week Inside the Mind of the CCO survey.
Posted inTechnology
For the first time, a majority of compliance teams using AI: Inside the Mind of the CCO
For the first time, more compliance teams than not used artificial intelligence (AI) to assist them in their work, according to Compliance Week’s 2024 “Inside the Mind of the CCO” survey.
About 56 percent of compliance teams used AI in 2024—a sizable jump from the 41 percent who relied on AI in 2023– the sixth annual survey compliance professionals found. About 227 compliance professionals participated in the survey.
Posted inRegulatory Policy
CFPB pulls data broker rule in win for industry, setback for consumer advocates
The Consumer Financial Protection Bureau has pulled back a draft privacy rule that would have required businesses to take more steps before selling consumers’ financial and personal data.
Posted inRegulatory Enforcement
New DOJ policy means heat is off corporate crime and on drug kingpins
The U.S. Department of Justice (DOJ) is moving the enforcement of all but the most heinous white-collar crimes onto the back burner and putting investigations of drug kingpins, illegal immigration, and sanctions evasion up front, Matthew Galeotti, head of the DOJ’s Criminal Division, said Monday.
Posted inRegulatory Policy
Trump EO seeks to undo federal consent orders against businesses over lending, hiring bias
Businesses under consent decrees for violating federal anti-discrimination laws, including fairness in lending and hiring laws, may be off the hook under a sweeping executive order (EO) issued by President Donald Trump last month. The EO, aimed at furthering his agenda of dismantling protections against discrimination, says all agencies “shall evaluate” existing agreements by the end of July. The sprawling order, “Restoring equality of opportunity and meritocracy,” issued April 23, could bring pending investigations to a halt as well.
Posted inRegulatory Policy
FTC rule forces fee transparency in ticketing and lodging industries
Ticketing and short-term lodging businesses will be prohibited from hiding “convenience” and other fees from consumers under a rule by the Federal Trade Commission (FTC), set to take effect next week.
Posted inRegulatory Enforcement
FinCEN proposes bar on Cambodian company due to alleged money laundering
A Cambodian financial company, the Huione Group, has laundered billions of dollars for international criminals and those linked to North Korea, according to the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN). The agency proposes that the company should be severed from having access to the U.S. financial system.
Posted inFinancial Services
NYDFS to continue strong crypto enforcement, Adrienne Harris says
The New York Department of Financial Services (NYDFS), led by Superintendent Adrienne Harris, doesn’t intend to let up on cryptocurrency enforcement, even in the face of pullback from the federal government.
Posted inEthics & Culture
CW National Notebook: Ethics education is key, says Tom Hardin AKA “Tipper X”
Tom Hardin AKA “Tipper X” went from a young trader with his whole career ahead of him to an inside trader who got caught, acted as a Federal Bureau of Investigation informant for two years, and pleaded guilty to a felony.
