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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Aaron Nicodemus2023-03-03T19:43:00
The Department of Justice (DOJ) announced changes to its evaluation procedures for corporate compliance programs in criminal investigations, including monitoring off-channel and cursory messaging by employees, executive compensation programs, and how the agency selects compliance monitors.
On Friday, the DOJ unveiled its revised Evaluation of Corporate Compliance Programs (ECCP) policy, which Assistant Attorney General Kenneth Polite Jr. said in a speech will consider for the first time in its evaluation “a corporation’s approach to the use of personal devices as well as various communications platforms and messaging applications, including those offering ephemeral messaging.”
“[W]e will consider how policies governing these messaging applications should be tailored to the corporation’s risk profile and specific business needs and ensure that, as appropriate, business-related electronic data and communications can be preserved and accessed,” Polite said. “Our prosecutors will also consider how companies communicate the policies to employees and whether they enforce them on a consistent basis.”
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2023-09-12T16:51:00Z By Kyle Brasseur
The Department of Justice announced new positions in its National Security Division to support the agency’s crackdown on sanctions evasion, export control violations, and other forms of economic crime.
2023-07-18T19:43:00Z By Kyle Brasseur
Assistant Attorney General Kenneth Polite Jr. is set to leave the Department of Justice after a tenure highlighted by multiple policy changes intended to empower corporate chief compliance officers.
2023-06-02T17:46:00Z By Jeff Dale
Organizations must move beyond abstract theory and truly measure their compliance culture, a panel of experts discussed during Compliance Week’s 2023 National Conference.
2024-07-24T15:50:00Z By Aaron Nicodemus
Financial institutions holding Russian sovereign assets that have not reported them to the Treasury Department’s Office of Foreign Assets Control are now required to do so by Aug. 2.
2024-07-23T12:29:00Z By Ruth Prickett
Compliance officers should take note of proposed laws in the U.K. with the newly elected Labor government setting the legislative agenda in the King’s Speech last week, promising consultations on enhanced employee rights and a higher minimum wage.
2024-07-22T15:50:00Z By Aaron Nicodemus
Four federal banking regulators have joined the Treasury Department’s Financial Crimes Enforcement Network in issuing a notice of proposed rulemaking that would require financial institutions to conduct more thorough risk assessments on their anti-money laundering/countering the financing of terrorism programs.
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