When sanctions against Russia began multiplying in 2022, the public images were hard to miss: Yachts seized in European ports, villas frozen, bank accounts linked to oligarchs blocked. What I remember from the compliance side looked less visible and much more procedural. It was passports, residence permits, source-of-wealth documents, ownership charts, explanations of old bank […]
CW Staff
Posted inBest Practices
Navigating the supply chain’s new normal
A supply-chain disruption can look simple: A supplier cannot deliver, procurement finds an alternative, engineering qualifies it and production continues. Geopolitical disruption rarely arrives labeled as a compliance problem. It arrives as a sourcing decision, engineering fix or logistics reroute before compliance becomes involved. Recent developments include: Enforcement shows what can be at stake. In […]
Posted inBest Practices
Record-setting AML penalty against UBS was years in the making
FinCEN and several other regulators levied a combined $125 million penalty against UBS Financial Services (UBSFS), a broker-dealer and futures commission merchant, due to a series of long-standing compliance failures. The total penalty was a joint effort of federal regulators, including FINRA ($20 million), the Securities and Exchange Commission ($20 million), and the Commodity Futures Trading […]
Posted inAsia
Singapore’s AML framework has a gap against financial crime, FATF finds
Singapore performs well on detecting and prosecuting financial crime, according to a new FATF and APG report, but enforcement still struggles to target the organizers behind its growing cyber-fraud problem.
Posted inCW National Conference
The Practitioner’s Briefing – Compliance Week National 2026
This Practitioner’s Briefing is crafted as a high-level recap of Compliance Week’s 2026 National Conference, held in Washington, D.C., in May. Whether you were there, or wished to be, this briefing will bring you up to speed. The briefing captures the six themes that pervaded three days of panel discussion and the networking conversations between […]
Posted inBest Practices
Beyond breaching privacy: The compliance risks of workplace surveillance
When organizations implement workplace surveillance tools, the conversation often begins with privacy. Questions about employee consent, data collection, retention periods, and legal compliance are essential. But as workplace monitoring technologies become more sophisticated, focusing exclusively on privacy risks often overlooks a much larger challenge.
Posted inBest Practices
The hidden cost of compliance leadership
There is a cost attached to senior compliance roles that does not appear in job descriptions, is rarely discussed in appraisals, and is absent from careers talks given to people entering the profession.
Posted inBest Practices
The inference gap: Auditing the AI risk no framework requires you to see
When external regulation lags, internal audit becomes the only line of defense. AI’s environmental footprint is a live governance exposure, and right now, almost no one is auditing it. A company can run an AI product billions of times a day with no obligation to measure what it consumes: No requirement to report the energy […]
Posted inArtificial Intelligence
Asia-Pacific central banks weigh AI governance to safeguard financial stability
Central banks in the Asia-Pacific (APAC) countries are taking steps to develop artificial intelligence governance frameworks for financial institutions, as regulators are seeking to balance innovation with emerging risks and safeguard financial stability.
Posted inBest Practices
AI demands a new risk operating model. Are risk leaders up to the task?
For years, risk, compliance, and internal audit functions have been asked to absorb and integrate new technologies and ways of working while facing off against increased business expectations without fundamentally changing the risk management operating model that underpins them. Capabilities such as continuous controls monitoring, dynamic risk assessments, and new reporting requirements have been layered […]
