When confidential information appears in the media, reaches a competitor, or surfaces anonymously online, many organizations assume the source will never be identified. Yet while today’s workplace is more complex than ever, it is also more heavily documented.
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Posted inRegulatory Enforcement
Loan fraud involving former CEO and his friends allegedly led to collapse of Oklahoma’s First National Bank of Lindsay
A former borrower of the First National Bank of Lindsay conspired with the bank’s former chief executive concerning loans, which contributed to the Oklahoma bank’s collapse in 2024, the DOJ said.
Posted inSanctions
Data leak reveals Russian fintech providing sanctions-evasion-as-a-service to launder payments via global banks
Billions of dollars have been laundered through big-name global banks by the Russian A7 payments fintech.
Posted inArtificial Intelligence
EU’s financial regulator prioritizes AI, tokenization as key risks for 2027
The EU’s main financial regulator has made AI and tokenization—where assets are traded on blockchains rather than through traditional financial markets—key priorities for banking regulators in EU member states to focus on for 2027.
Posted inData Privacy
New California law expands personal data deletion mandate for businesses
Businesses will soon have to honor requests by California residents to delete personal data no matter who collected the information originally.
Posted inAccounting & Auditing
FRC revises two auditing and assurance standards to align with international ethics code
The UK’s audit regulator has revised an auditing and an assurance standard, both relating to ethics. The FRC said that the changes ensure that UK standards remain aligned with standards issued by the IAASB.
Posted inArtificial Intelligence
Don’t overestimate the value of ‘human in the loop’ for AI governance, say experts
One of the key governance tenets around the use of AI is the concept of having a “human in the loop” to query AI-generated responses and to ensure that AI outputs remain explainable, unbiased, and harmless. But there are obvious questions: Which “human” should it be left to—and should it be one person?
Posted inHealthcare
Nursing home group, its owner, and an exec agree to pay $1M to settle false claims allegations
A New England nursing home group, its owner, and an executive agreed to pay $1 million to settle allegations first brought by a whistleblower that they billed Medicare and Medicaid for unnecessary care, the DOJ announced last Wednesday.
Posted inTechnology
FCC bans on foreign-made robotic devices, routers, and power inverters extend compliance risks
The move confirms a trend towards expanding national security controls into broader product categories that will affect many more compliance teams than previously.
Posted inRegulatory Enforcement
OTC Link pays $575,000 to SEC to settle alleged compliance failures
Broker-dealer OTC Link LLC has agreed to pay $575,000 to settle allegations that it repeatedly failed to create and enforce compliance policies and procedures for one of its trading platforms, which handles over-the-counter stocks, the SEC announced.