Coronavirus Pandemic


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


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.


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.


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.


Survey: How COVID-19 has impacted companies’ leases


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.”


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


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.


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


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.


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


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.


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


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.


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


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.


FinCEN issues advisory on coronavirus-related financial scams


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.


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


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.


OCC report highlights elevated compliance risks in banking


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.


EPA enforcement discretion policy to end next month


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.


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


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.


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.


Pandemic has taught us online training/education needs work


The challenge of educators and trainers is to demonstrate how online learning has the ability to be “more than” it has been before. To accomplish this goal, “let’s Zoom” cannot be the only call to action.


How coronavirus has shifted non-GAAP measures


The rules around non-GAAP reporting have not changed, but the coronavirus pandemic has brought about new considerations and challenges to consider in second-quarter reporting.


Ask Amii mailbag: Five strategies for maximizing virtual communication


Executive coach Amii Barnard-Bahn provides guidance on how compliance practitioners can best have the tough conversations they need to have in a virtual environment.


Contact tracing app development stunted by inaction in Congress


As federal officials dicker over details in a federal data privacy law, the coronavirus continues to spread. Development of a key technological tool in the fight is being kneecapped by their inaction.

regulatory events 2019

Regulators skew virtual with summer events calendar

2020-06-17T16:21:00+01:00By DeAnn Orie

Despite the coronavirus pandemic throwing a wrench into the events industry, U.S. regulators are still planning Webinars and other opportunities this summer to engage with the public.

Coronavirus fraud

U.S. regulators boast coordination in addressing coronavirus fraud


Testimony provided by several agencies before a U.S. Senate Judiciary Committee hearing offers valuable insights for chief compliance and risk officers regarding where coronavirus fraud threats may lurk, especially in the financial services and healthcare sectors.

US whistleblower

Dems propose coronavirus whistleblower protection bill


A group of prominent Democratic legislators has proposed a whistleblower protection bill designed to help uncover fraud and waste in the trillions of dollars worth of coronavirus-relief funds allocated by Congress.

columnist icons_erin

Be mindful of gender equity with return-to-work policies


As you’re making your back-to-work policies during the emergence from our collective quarantines, take into consideration that “optional” isn’t an option for everyone.


CPE Webcast: Fraud and bribery risks: Preparing for a COVID-19 spike

2020-06-16T11:00:00+01:00Provided by

As businesses and employees work to re-establish stability and reset targets following the disruption caused by coronavirus, they will be more vulnerable to fraud, corruption, and regulatory violations.

Pandemic layoffs

Navigating layoffs is always hard. During a pandemic, it’s harder


As businesses begin to reopen, many companies are reassessing the furlough decisions they made in March. If you manage such employees, you would be wise to heed this advice.


Best practices for auditing in the current crisis and beyond


A session from a recent MetricStream virtual conference provides lessons for internal audit on what risks to watch out for and how to chart a path forward.


A country-by-country analysis of anti-corruption efforts in Latin America


CCOs looking to navigate the fluid corruption risk environment in Latin America will want to review a newly released report on how countries are uncovering, punishing, and deterring corruption—particularly now, amid a pandemic.

Coronavirus office

Podcast: Tips for mitigating risks in returning to the office

2020-06-10T15:25:00+01:00By Compliance Week

Compliance Week Editor in Chief Dave Lefort and ServiceNow Risk Solutions Executive Brandon Reese share best practices and discuss managing pandemic-related risks as companies safely and slowly bring employees back to the office.


CPE Webcast: Humanizing compliance: Navigating COVID-19 and Beyond

2020-06-09T14:00:00+01:00Provided by

There’s no argument that the world has changed, and while the long-term implications of the COVID-19 crisis are unknown, the way we approach work and the workplace has already become different forever.


When manufacturing new product lines, be aware of new compliance risks


As companies around the world begin to manufacture products outside their comfort zone to address dire shortages in personal protective equipment amid the pandemic, compliance practitioners are negotiating new risks and challenges.

Mallory podcast

Podcast: Tools for leading during a crisis—change

2020-06-05T15:24:00+01:00By Penny Mallory

Performance coach and former rally car champion Penny Mallory concludes her emotional intelligence podcast series with a discussion of change and its importance to how we progress in life.

Fraud cartoon

How to scour your organization for pandemic fraud risks


“Only when the tide goes out do you discover who’s been swimming naked,” said Warren Buffett. With the pandemic tide out, here are some related frauds that are likely already occurring that corporations should be watching for.


FASB finalizes leases, rev rec delays prompted by coronavirus


The Financial Accounting Standards Board finalized effective date delays of one year to standards affecting revenue recognition and leases in response to the coronavirus pandemic.

Mallory podcast

Podcast: Tools for leading during a crisis—risk

2020-06-03T15:12:00+01:00By Penny Mallory

Performance coach and former rally car champion Penny Mallory details how taking risks is essential to success as part of her emotional intelligence podcast series.

columnist icons

Imagining a utopian food supply chain


If the coronavirus pandemic has taught us anything, it’s that we need a more resilient food supply chain. Jaclyn Jaeger explains what that could look like and how the public and private sector could play their parts.

Mallory podcast

Podcast: Tools for leading during a crisis—stinking thinking

2020-05-29T15:22:00+01:00By Penny Mallory

Performance coach and former rally car champion Penny Mallory explains how to expel negative thoughts and the value of optimism as part of her emotional intelligence podcast series.


FinCEN advisory details coronavirus risks for financial industry


The Financial Crimes Enforcement Network has issued what it says is the first of several advisories concerning financial crimes related to the COVID-19 pandemic.

Mallory podcast

Podcast: Tools for leading during a crisis—values

2020-05-28T15:23:00+01:00By Penny Mallory

Performance coach and former rally car champion Penny Mallory stresses the distinction between goals and values as part of her emotional intelligence podcast series.


How corporate finance can manage coronavirus challenges


Steve Barta, a partner in the Audit and Assurance practice of Deloitte & Touche, reveals some key accounting areas where finance leaders might need to give extra attention.

Child Privacy

Coronavirus heightens focus on children’s online privacy compliance


With increased use of remote learning putting children’s online privacy in the spotlight, regulators are stepping up their oversight and responding accordingly.


Special report: Leadership in a time of unpredictable change


Executive coach Amii Barnard-Bahn reveals five tips for instilling compliance and ethics throughout the organization in times of uncertainty.

trustarc 300x200

CPE Webcast: Calculating COVID-19 third-party privacy risks

2020-05-26T14:00:00+01:00Provided by

COVID-19 has completely changed the way organizations do business, both internally and externally. The influx of sensitive data being collected makes proactively identifying and managing privacy risk a big challenge.

Mallory podcast

Podcast: Tools for leading during a crisis—high-performance teams

2020-05-22T13:09:00+01:00By Penny Mallory

Performance coach and former rally car champion Penny Mallory explains the value of proper leadership to motivating a high-performance team as part of her emotional intelligence podcast series.


CAQ: Virtual work, ICFR among coronavirus audit issues


The Center for Audit Quality advisory board member firms met with CAQ Executive Director Julie Bell Lindsay to discuss concerns relating to the coronavirus pandemic.

Coronavirus crime

Analysis: Opportunity knocking for coronavirus criminals


Financial crime expert Martin Woods explores how bad actors use crises like the coronavirus pandemic to exploit fear, perceived weaknesses, and obvious vulnerabilities and further their criminal enterprise.

blackline 300x200

CPE Webcast: Best practices for enabling remote audit with tech

2020-05-21T14:00:00+01:00Provided by

Although company management and auditors may not see eye to eye on everything, they can agree that teams must find new ways to effectively work together during the COVID-19 crisis.