Coronavirus Pandemic


Carnival

CPE Webcast: Lessons from Carnival’s compliance redemption amid COVID-19

2020-10-21T18:00:00+01:00By Compliance Week

Compliance Week Editor in Chief Dave Lefort and data journalist Aly McDevitt host a 1-hour Webcast to discuss CW’s Carnival case study in addition to the behind-the-scenes making of the product.

Cost rising

Study: Financial crime compliance costs top $42B in U.S./Canada

2020-10-21T16:39:00+01:00By

A new study of financial crime compliance costs found spending by American and Canadian financial institutions is up sharply in 2020, driven in part by the coronavirus pandemic.

Audit

How auditors can help companies with non-GAAP measures, KPIs

2020-10-21T15:28:00+01:00By

A new report from the Center for Audit Quality includes key questions audit committee members can ask to fulfill their oversight responsibilities as they discuss non-GAAP financial measures and KPIs with management and auditors.

CoronavirusQuestions

CAMs, coronavirus highlight audit committee transparency report

2020-10-20T16:33:00+01:00By

The 2020 Audit Committee Transparency Barometer, an annual report issued by the CAQ and Audit Analytics, explores new disclosure trends related to the coronavirus pandemic and critical audit matters.

DOJ

DOJ official: ‘Inability to pay’ playing more prominent role in criminal cases

2020-10-09T19:27:00+01:00By

Revenue constraints faced by companies due to the coronavirus pandemic are factoring more prominently into settlement discussions with the Department of Justice, according to acting Criminal Division head Brian Rabbitt.

Nailedit1200x800

U.S. agencies get nod for using data, smart incentives in enforcement

2020-10-08T17:17:00+01:00By Compliance Week

Both the CFTC and CFPB “Nailed It” this week while corporate heavyweight General Electric found itself in more trouble.

woods

Don’t forget to tell your teams they’re doing a good job

2020-10-07T17:31:00+01:00By

With no personal contact with your team members, it can be easy to forget to remind them from time to time that they’re appreciated, to give them a lift during these troubling times. It will pay off both for them and for you, writes Martin Woods.

Vaccine

Mandate COVID-19 vaccines for all employees? Like everything, it’s complicated

2020-10-06T17:41:00+01:00By

So you want to mandate that all of your company’s employees get the coronavirus vaccine, once it’s available? Such a requirement is legal, but there are a host of considerations that might make it impractical, employment experts say.

Coronavirus office

Survey: What’s your company’s back-to-office plan, and does it work for you?

2020-10-05T20:36:00+01:00By Compliance Week

We want to know about your WFH productivity; your employer’s back-to-office plans; and whether the COVID-19 crisis is having a catalytic impact on your career.

AccountingCoronavirus

Deloitte: Top-of-mind challenges for Q3 financial reporting

2020-10-05T16:25:00+01:00By

A new report from Deloitte highlights third-quarter financial reporting and accounting challenges that should be top of mind as the coronavirus pandemic continues with no end in sight.

COVID-19 and compliance

Graphic: COVID-19 & Compliance

2020-09-28T18:03:00+01:00By Compliance Week

The coronavirus pandemic has created an entirely new set of challenges and responsibilities for compliance, as the data from our second annual “Inside the Mind of the CCO” survey shows.

askamii

Five ways the pandemic has changed compliance—perhaps permanently

2020-09-28T15:15:00+01:00By

It’s a good thing you’re all experts in partnering for change, as more than 3 in 4 of you think COVID-19 will have a permanent impact on some compliance functions.

Webcast: COVID-19 Employee Training

2020-09-25T20:47:00+01:00By Compliance Week

Join Compliance Week and Clear Law Institute for this free, one-hour Webinar to cover what training and education are needed to safely re-enter the workplace.

David Lefort

Enjoy ‘Compliance Officer Day’—you’ve earned it

2020-09-24T17:02:00+01:00By

In a 2020 full of Blursdays that all run together, it’s perhaps appropriate that the day created in your honor this year happens to fall when you don’t have to be in the office (otherwise known as your bedroom/kitchen table).

Inside the Mind of the CCO

Inside the Mind of the CCO: 2020 a year like no other

2020-09-24T16:50:00+01:00By

Our second annual “Inside the Mind of the CCO” survey revealed that compliance practitioners, by and large, have stepped up to meet the unique challenges presented by this very different, very difficult year.

riskonnect 300x200

CPE Webcast: How to build risk and compliance resilience into the future

2020-09-22T14:00:00+01:00Provided by

The coronavirus pandemic has shown the traditional way of managing risk and compliance fails when tested by fast-moving, interconnected risks.

AIDA cruise line

Chapter 6: Carnival looks toward a new horizon

2020-09-17T13:00:00+01:00By

Carnival will go through extraordinary scrutiny as it prepares to resume guest operations—not just in health, safety, and security but in environmental compliance as well. The storm is not over yet.

Carnival

Chapter 5: The storms merge

2020-09-17T13:00:00+01:00By

How can Carnival meet the expectations of a government-mandated environmental compliance plan and stay in the court’s good graces while the coronavirus brings business to a standstill?

blackline 300x200

CPE Webcast: Ground rules for ensuring SOX compliance from anywhere

2020-09-15T14:00:00+01:00Provided by

The ramifications of the coronavirus crisis will long outlast it—including how companies will close the books and ensure SOX compliance and where accounting and audit staff who perform these tasks will be located.

Magic pipe

Chapter 3: Carnival’s history as serial polluter catches up to it

2020-09-15T13:00:00+01:00By

This installment looks back at Carnival’s history of environmental law convictions, plea agreements with the DOJ, criminal fines, and environmental compliance plans (yes, there is more than one).

Princess passengers

Chapter 1: Amid compliance overhaul, COVID-19 hits hard

2020-09-14T13:00:00+01:00By

It’s early 2020, and the world’s largest cruise line operator is about to confront an immutable collision of two storms: its court-mandated environmental compliance plan, more than 2 years in progress, and the imminent coronavirus pandemic.

Diamond Princess

Chapter 2: Carnival put to the test as early COVID-19 hotspot

2020-09-14T13:00:00+01:00By

As more and more Carnival ships become hotbeds of infection and the company faces harsh criticism, CEO Arnold Donald trumpets the company’s unwavering focus on compliance.

Carnival index

Compliance Week presents: ‘A Tale of Two Storms’

2020-09-14T13:00:00+01:00By

Our first-ever case study is the story of Carnival’s quest for compliance redemption, set in the context of not only new leadership and a court-appointed monitorship, but in the midst of a global pandemic.

Euros

Firms could face enforcement as U.K. cracks down on furlough fraud

2020-09-09T15:00:00+01:00By

Companies are at risk of being investigated by the U.K.’s tax authority over fears that up to two out of every three employees worked during lockdown while their employers illegally claimed salaries from the government’s furlough program.

VL leases update cover img

e-Book: Agile Lease Accounting During Uncertain Times

2020-09-09T05:42:00+01:00Provided by

This e-Book from Visual Lease and Compliance Week reveals how the coronavirus pandemic has impacted corporate leases.

woods

Companies should give back to employees who let them into their homes

2020-09-08T15:46:00+01:00By

Where would companies be if employees hadn’t adjusted to working from home so well during this pandemic? The least firms can do is pay them back for their hospitality, writes Martin Woods.

Carnival

‘Tale of Two Storms’: Carnival compliance case study to launch Sept. 14

2020-09-08T14:22:00+01:00By

CW is excited to announce the upcoming publication of its first-ever case study, a deep dive into the history of environmental transgressions at Carnival, its path back to compliance under new leadership, and its shift to crisis management mode when COVID-19 hit.

carreyroubrockmeyer_128979

Q&A with Kara Brockmeyer: How pandemic has impacted third-party risk

2020-08-31T15:18:00+01:00By

In advance of her keynote at Compliance Week’s upcoming TPRM virtual event (Sept. 17-18), former SEC official Kara Brockmeyer discussed with CW the heightened risk third parties have during a pandemic and what companies can do about it.

COVID-Prep

Survey: Coronavirus revealed weaknesses in companies’ GRC, data processes

2020-08-24T14:13:00+01:00By

A recent survey from Compliance Week and Riskonnect of 261 compliance and audit professionals found that half of the respondents were not prepared for the coronavirus pandemic with an updated crisis management plan.

visuallease300x200

CPE Webcast: Survey insight into how COVID-19 impacted company leases

2020-08-18T14:00:00+01:00Provided by

In this webinar panel discussion, we will share striking results from a recent COVID-19 lease impact survey and key insight into how companies’ real estate and equipment leases were impacted by shutdowns and stay-at-home orders.

SEC

OCIE risk alert offers coronavirus-related advice to investment, brokerage firms

2020-08-13T17:22:00+01:00By

Many of the coronavirus-related risks recently highlighted by the Office of Compliance Inspections and Examinations are well-known, but the agency made a point of mentioning fees and expenses.

Nailedit1200x800

McDonald’s handling of ex-CEO scandal gets compliments, criticism

2020-08-13T14:37:00+01:00By Compliance Week

A fresh podcast from the Theranos whistleblower and a new compliance association for Black practitioners get a round of applause from us this week, while a complicated case involving McDonald’s lands the company on both the “Nailed It” and “Failed It” lists.

processunity300x200

CPE Webcast: Future-proof your global supply chain with data & analytics

2020-08-13T14:00:00+01:00Provided by

The COVID-19 pandemic has certainly changed the landscape of global risk, and many organizations are quickly adapting their third-party risk management processes as a result.

LeasesSurvey

Survey: How COVID-19 has impacted companies’ leases

2020-08-11T19:22:00+01:00By

The coronavirus pandemic has wreaked havoc on companies’ leasing function, according to results from a recent survey from Compliance Week and Visual Lease. The study reveals how companies are tackling leasing issues in the “new normal.”

Chambers_index

Q&A: IIA president Chambers on Three Lines update, COVID-19, more

2020-08-10T18:16:00+01:00By

In the wake of drastic updates to the “Three Lines Model” for managing risk, IIA President and CEO Richard Chambers catches up with Compliance Week to discuss the changes, how COVID-19 has impacted the internal audit profession, and more.

Accounting

Despite pandemic, ‘time to act is now’ on LIBOR transition

2020-08-07T14:47:00+01:00By

Focus on LIBOR transition may have slipped during the coronavirus pandemic, but the recent conversation among regulators is once again looking toward life after the soon-expiring reference rate.

fusionrm300x200

CPE Webcast: Managing third-party risk during and after a pandemic

2020-08-06T14:00:00+01:00Provided by

As new insights are continually evolving, organizations around the world are trying to plan and develop their strategies for returning to the new “normal.”

coronavirus office

Don’t wait for Congress to save your firm from coronavirus liability

2020-08-05T13:59:00+01:00By

If you are an employer hoping Congress will pass a “coronavirus liability shield” bill to help your company deflect COVID-19 lawsuits, consider this: No such “shield” will do much good unless you’ve already taken action to create a safe workplace.

COVID-Prep

CPE Webcast: COVID-19 Employee Training

2020-07-31T21:30:00+01:00By Compliance Week

Join Compliance Week and Clear Law Institute’s Michael Johnson for this free, one-hour Webinar to cover what training and education are needed to safely re-enter the workplace.

Masks

While compliance is in vogue, let masks be a symbol of safety in all situations

2020-07-30T17:36:00+01:00By

Now is the time to market compliance practices to customers who wear masks within our premises but drop the masks—and their guards—when answering calls and emails from the privacy of their own homes, writes Martin Woods.

kroll 300x200

CPE Webcast: Minimize exposure to supply chain regulatory and privacy risks

2020-07-23T14:00:00+01:00Provided by

Join Kroll for an opportunity to learn how you can help your organization better minimize risks in the post-COVID-19 world.

Nailedit1200x800

Nailed It or Failed It? Disney sends anti-hate message to Facebook

2020-07-22T18:30:00+01:00By Compliance Week

In this week’s “Nailed It or Failed It?”, Disney gets kudos for throwing its weight behind the #StopHateForProfit protest, while PG&E earns criticism after being found responsible for yet another California wildfire.

Hospital bed

Want an image of corruption? Look to the victims

2020-07-16T20:42:00+01:00By

Harrowing images of coronavirus-related suffering exacerbated by bad actors plaguing healthcare systems offer a glimpse at the true devastation of corrupt activity, writes financial crime expert Martin Woods.

COVID-scam

FinCEN issues advisory on coronavirus-related financial scams

2020-07-08T16:33:00+01:00By

The Financial Crimes Enforcement Network has issued an advisory on the types of coronavirus-related scams and schemes that financial institutions should be on alert for—for example, “mule money schemes”—and how and where to report such activity.

Money laundering

Managing emerging trade-based money laundering risks

2020-07-02T14:38:00+01:00By Jake Plenderleith, International Compliance Association

Trade-based money laundering was already happening prior to the coronavirus pandemic, but now its nature has shifted. The ICA offers key considerations for managing emerging risks.

askamii

Ask Amii mailbag: What to do when back-to-work guidance falls to you

2020-07-02T12:50:00+01:00By

Executive coach Amii-Barnard Bahn offers some tips for when your compliance title morphs into “Chief Public Health Officer,” plus ways to highlight the compliance function at your company and more.

RisingRisk

OCC report highlights elevated compliance risks in banking

2020-07-01T18:30:00+01:00By

The Office of the Comptroller of the Currency published a new report describing key issues facing the federal banking system and the effects of the coronavirus pandemic on the banking industry.

GreenLaw

EPA enforcement discretion policy to end next month

2020-07-01T17:16:00+01:00By

The Environmental Protection Agency has revised its temporary—and controversial—enforcement discretion policy regarding environmental legal obligations during the coronavirus pandemic, establishing an end date of Aug. 31.

Columnist_Bistrong

My Compliance Library: ‘Gloom to Boom’ a guide for turning risk into opportunity

2020-06-25T17:12:00+01:00By

CW contributor Richard Bistrong shares his thoughts on Dr. Andrea Bonime-Blanc’s book within the context of the DOJ’s most recent compliance guidance and the turbulent times in which we are currently living.

truyo300x200

CPE Webcast: Key privacy considerations for getting back to business

2020-06-25T14:00:00+01:00Provided by

Throughout the pandemic, technology will play a critical role as businesses adapt to this “new normal.” One strategy industries will rely on to provide employees and consumers with peace of mind is the use of temperature screening technology.