- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
Cameron F. Kerry, senior counsel at Sidley Austin, explains how a federal data privacy law could represent a win for business, privacy advocates, and consumers.
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Establishing an effective and compliant data privacy plan isn’t easy considering insufficient U.S. regulation, flaws with the EU’s GDPR, and Big Data feeding the beast.
The EU General Data Protection Regulation is stirring the pot for financial institutions in trying to strike a balance between complying with AML laws while ensuring data protection.
The EU’s General Data Protection Regulation and Britain’s upcoming divorce from the European Union both have a tremendous impact on European compliance, but strategizing solutions around either one has proven to be difficult due to a lack of guidance and, in the case of Brexit, just plain chaos.
Top-of-mind issues addressed at Compliance Week’s Third-Party Risk Management & Oversight Summit, held June 3-4 in Atlanta, included safe deployment of artificial intelligence, assessing vendor viability and sustainability, understanding the role of procurement in risk ranking, the intersection (or lack thereof) between data privacy and cybersecurity, and many others.
Anne Morriss, co-author of “Move Fast and Fix Things,” advises compliance officers to tap into curiosity, communicativeness, and comfort with discomfort to build organizational trust, fast.
Regulators and government agencies often speak to the value of empowered corporate compliance programs to advancing their mission. Why not practice what they preach by empowering compliance among their own ranks?
