Internal Controls


Russia

WADA mess: Sports regulator’s light touch sends bad compliance message

2019-12-13T15:55:00+00:00By

One of sports’ key enforcement agencies handed out a penalty this week that sent a message no regulator wants to send: Punitive action may only come after the guilty party has already reaped the rewards.

Brockmeyer

Former FCPA chief’s 7 steps to third-party compliance

2019-12-12T21:03:00+00:00By

Speaking at CW’s Third-Party Risk Management and Oversight Summit, former FCPA Unit chief Kara Brockmeyer called attention to recent enforcement actions against Walmart and Ericsson as a way to highlight seven steps to third-party compliance.

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Swedbank announces governance overhaul, launches culture probe

2019-12-10T18:18:00+00:00By

Swedbank CEO Jens Henriksson announced the financial institution is making some major organizational changes “to create simpler and clearer decision-making structures to facilitate the realization of the bank’s strategy.”

askamii

Ask Amii mailbag: 8 tips for workplace time management

2019-12-10T17:26:00+00:00By

Too many meetings, too little time? In the latest edition of the Ask Amii mailbag, executive coach Amii Barnard-Bahn offers tips on how to reset your corporate calendar and better prioritize your time.

Liberty Tax

Compliance called out in Liberty Tax DOJ settlement

2019-12-04T20:58:00+00:00By

The Department of Justice is requiring Liberty Tax Service to greatly enhance its internal compliance controls as part of a proposed settlement with the tax preparation service provider over allegations of fraud and misconduct.

Documents

BGC Financial to pay $3M for supervisory failures

2019-11-25T21:41:00+00:00By

BGC Financial was accused of various supervision, reporting, and recordkeeping violations that went on for more than five years in a $3 million enforcement action from the CFTC.

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Webcast: Improving efficiency with intelligent compliance

2019-11-21T14:54:00+00:00Provided by

Learn about the skill sets needed for compliance roles to succeed in the future, why security is becoming more important to compliance and supervision infrastructure, and compliance technology developments.

UBScrop

Hong Kong, Singapore regulators fine UBS $59M for client overcharges

2019-11-20T20:14:00+00:00By

Swiss bank UBS will pay $59 million in total civil penalties in resolutions with both Hong Kong and Swiss regulators for overcharging clients for over a decade.

Technology maturity

Special report: Maturing in your technology journey

2019-11-18T15:12:00+00:00By

Results of Compliance Week’s second annual technology survey suggest companies are moving along the technological maturity curve in ways that are both quantitative and qualitative compared to last year.

WorkplaceIssues

Survey: Workplace equality issues top of mind for European employers

2019-11-14T17:37:00+00:00By

Improving workplace equality is on the list of concerns and priorities for European employers, with many moving to address equal pay and workplace harassment, according to the findings of a newly released survey.

Blockchain

Internal control best practices for blockchain technology

2019-11-14T17:19:00+00:00By

Those in accounting who want to understand better the inherent risks, threats and vulnerabilities, and internal control best practices associated with the use of blockchain technology now have a first-of-its-kind framework to follow.

askamii

Ask Amii mailbag: What makes a champion of culture?

2019-11-14T15:41:00+00:00By

In the latest edition of the Ask Amii mailbag, executive coach Amii Barnard-Bahn offers a checklist for measuring ethical culture, three guideposts for promoting culture at a startup, and her take on getting the right mix of in-person and virtual trainings.

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White paper: Eliminate Manual Madness to Simplify Your Financial Processes

2019-11-13T14:21:00+00:00Provided by

Learn how to eliminate manual processes and mitigate risks within your month-end close.

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White paper: 12 Lessons from One Trillion Screens

2019-11-13T09:51:00+00:00Provided by

Now that RDC has carried out one trillion screens they assure you, efficient compliance screening is possible.

Carnival

Carnival enhances its ethics and compliance function

2019-11-12T16:21:00+00:00By

As part of its new companywide ethics and compliance function stemming from a history of environmental violations, Carnival has announced seven new hires and internal promotions.

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White paper: Leveraging Microsoft Office 365 for Policies and Procedures Management

2019-11-05T04:32:00+00:00Provided by

In today’s business climate, policy and procedure management is essential to stay in compliance and create a solid foundation that will enable organizations to communicate effectively, foster a sense of company cohesion, develop employee engagement, and reduce noncompliance.

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Time to reassess the meaning of ‘compliance’

2019-11-04T16:22:00+00:00By

Deutsche Bank is just the latest scandal-plagued bank to make headlines, once again, for ignoring sound compliance advice. Maybe it’s time to eliminate the entire concept of compliance altogether, writes an exasperated Jaclyn Jaeger.

world map index

Compliance lessons from recent nine-figure FCPA settlements

2019-10-24T15:46:00+01:00By

Walmart, TechnipFMC, Fresenius—just to name a few—have all fallen prey to the Foreign Corrupt Practices Act in a record year of jacked-up enforcement and sky-high penalties.

askamii

Ask Amii mailbag: Using compliance skill sets to influence operations

2019-10-22T17:11:00+01:00By

In this “Ask Amii” mailbag, executive coach and former Chief Compliance Officer Amii Barnard-Bahn discusses the pros and cons of outsourcing compliance, breaking tough news to business partners, and how to transfer compliance skills out of finance.

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White paper: Sustainability and the board: What do directors need to know?

2019-10-22T12:15:00+01:00Provided by

With growing investor attention to sustainability, there is often greater emphasis on the governance element (the “G”) of ESG (environmental, social, and governance) and the board’s fiduciary duty to oversee a company’s strategy, risk, and capital allocation.

CourtRulingBustsBalloon

Labeling employee a ‘compliance risk’ not defamation, says court

2019-10-16T19:51:00+01:00By

A former Biomet Argentina employee—in a bit of FCPA hot water—landed on his company’s restricted persons list, sued for defamation, and lost.

Oilfield

ProPetro shuffles leadership team amid accounting probe

2019-10-10T19:46:00+01:00By

ProPetro Holding has announced a shuffling of its executive leadership team following the completion of a review conducted by its audit committee into a series of internal control failures.

askamii

Ask Amii mailbag: Keeping up with AI, global compliance norms

2019-10-09T14:59:00+01:00By

In this “Ask Amii” monthly mailbag, executive coach and former Chief Compliance Officer Amii Barnard-Bahn explores the future of compliance and best practices for establishing your program in a non-U.S. domain.

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Webcast: Following the money to prevent human trafficking

2019-10-03T14:00:00+01:00Provided by

This webcast will help compliance executives explore the latest research and practical insights on how to manage human trafficking and manage third-party risks.

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White paper: Internal Controls Over Financial Reporting Considerations for Developing and Implementing Bots

2019-09-30T02:22:00+01:00Provided by

Companies are rapidly digitalizing parts of their business through robotic process automation (RPA). RPA uses computer-coded, rules-based software robots (i.e., bots) to automate certain human tasks.

Counterpoint_Stankiewicz

Counterpoint: CCO, GC independence is critical

2019-09-27T15:40:00+01:00By Matt Stankiewicz

Matt Stankiewicz of The Volkov Law Group discusses the importance of having compliance and legal remain separate functions.

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Point: Why CCOs should report to GC

2019-09-27T15:36:00+01:00By Jeff Kaplan

Attorney Jeff Kaplan offers five cons to keeping the chief ethics and compliance officer role separate from general counsel.

David Lefort

‘Inside the Mind’ is our data-driven ode to CCOs

2019-09-26T10:53:00+01:00By

We’re celebrating “Compliance Officer Day” by releasing our first annual “Inside the Mind of the CCO” special report, which is aimed at, among other things, figuring out what motivates and challenges today’s chief compliance officers.

Woman advancing

CCO compensation data reveals big strides for women

2019-09-26T10:45:00+01:00By

Bucking the trend: Survey shows women more likely to hold top compliance roles, have a law degree, and make a bit more money than men.

Q&A

Hiring manager: CCOs are in demand, seeing salary bumps

2019-09-24T19:21:00+01:00By

A managing director at an executive search firm that specializes in compliance hires has some advice—and a bit of good news—if you’re looking for a job as a CCO.

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Webcast: How to avoid training fatigue

2019-09-24T15:38:00+01:00Provided by

Training fatigue is real and has damaging consequences. In this webinar, learn the cognitive science behind fatigue and how to avoid it.

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White paper: Transform your Compliance and Ethics Training with Integrity

2019-09-21T12:54:00+01:00Provided by

Your annual compliance and ethics training is the flagship communication to your global workforce; the effectiveness of your training has far reaching, significant impacts for your organization.

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White paper: 2019 CCO Playbook

2019-09-10T18:44:00+01:00Provided by

Understanding the regulatory environment, both past and current, can help shape your compliance strategies. ComplySci’s CCO Playbook will ensure you keep up with regulatory changes and provide you with a game plan to meet many of the top challenges CCOs face today.

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White paper: Essential transcription dos and don’ts for your audio recording review program

2019-08-29T01:33:00+01:00Provided by

Transcription is merely a starting point for call recording review and even the voice portion video recording review.. That said, voice-to-text technologies and even search tools built for transcripts still haven’t met both of the distinct last-mile-needs around using transcripts for compliance.

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Webcast: Beneficial ownership establishment & monitoring

2019-08-27T14:00:00+01:00Provided by

With most countries moving to due diligence requirements similar to the Financial Crimes Enforcement Network (FinCEN) Customer Due Diligence (CDD) rule or a beneficial ownership reporting regime or sometimes both, it’s challenging to know how to address the compliance burden. Understanding who you are doing business with and who controls ...

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Webcast: Why T&E audit is more than policy compliance

2019-08-22T14:00:00+01:00Provided by

Organizations are failing to solve the employee-spend challenge as travel and expense (T&E) transactions continue to suffer from non-compliance and fraud. Companies also have unnecessarily high audit costs and inadequate risk coverage thanks to manual testing of T&E transactions.

Hong Kong protest

Cathay Pacific execs quit due to Hong Kong protests

2019-08-20T15:19:00+01:00By

Amid pressure from Chinese authorities after initially not penalizing employees for taking part in the Hong Kong pro-democracy protests, two top Cathay Pacific executives have tendered their resignations.

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Webcast: Getting the audit scores you want

2019-08-20T14:00:00+01:00Provided by

Many organizations today need to adhere to stringent audit and compliance rules to prove they’re following established guidelines and regulations. An automated compliance approach centralizes audit information, and provides easier access to key controls and status. Furthermore, automation can reduce labor intensive costs and non-value-added time often associated with manual ...

Opioids

Chief compliance officer liability and the opioid epidemic

2019-08-02T17:32:00+01:00By

In a period of three months, two chief compliance officers have been charged for their individual roles in the opioid epidemic—a clear indication the Department of Justice continues to expand the scope of prosecutions to those who fail in their compliance responsibilities.

Roche

Max Roche on grant money management compliance

2019-07-22T18:20:00+01:00By

Max Roche, compliance manager of direct funding at the World Economic Forum, discusses his role in making sure grant money received by the organization is spent in the way intended.

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White paper: 5 Compliance Steps for Video Conference Recording in Financial Services

2019-07-08T16:57:00+01:00Provided by

There are 6+ different electronic communications present in video conferencing. MiFID II and SEC 17a-4 have retention and supervision requirements that apply to the audio and electronic communication within video conferences, requiring organizations to develop a compliance plan to govern this growing medium of communication.

Rossi

Vanessa Rossi on operationalized compliance done right

2019-07-02T15:46:00+01:00By

Vanessa Rossi, senior compliance counsel at Baker Hughes, explains to columnist Tom Fox the benefits of operationalized compliance and how to ensure it is properly in place.

Questions raised

KPMG fallout: Cheating allegations raise new questions

2019-06-19T19:33:00+01:00By

After new allegations at KPMG of cheating on internal training tests, audit committees now have another area of questioning for their external auditors.