DOJ calling out compliance with 2022 policy shifts


If it seems the Department of Justice has compliance officers in its crosshairs with its controversial policy changes this year, that’s because it does. Some respondents to our annual “Inside the Mind of the CCO” survey embrace the challenge, while others are still skeptical.


Five compliance triumphs from 2022


Positive contributions in the areas of ESG, AI responsibility, and setting standards regarding CCO liability highlight the latest installment of CW’s annual list of laudable ethics and compliance moments.


No time managing risk? No wonder FTX collapsed


Sam Bankman-Fried’s admission he put no effort into risk management in leading cryptocurrency exchange FTX makes it easy to understand how the firm collapsed so quickly.

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Top ethics and compliance failures of 2022


Businesses not taking AML requirements seriously, years of noncompliant off-channel communications catching up to financial services titans, and a manufacturing firm that shared revenue with terrorists comprise CW’s list of the biggest ethics and compliance fails of 2022.


‘A profound sense of loss’: Inside Elon Musk’s Twitter culture teardown


Former and current Twitter employees share insights into the state of the social media company’s “toxic” culture and “morose, fearful” atmosphere since Elon Musk stepped on the scene.


FTX collapse should provide momentum to regulate crypto


The collapse and bankruptcy of digital asset exchange FTX offers stark lessons into why rules that apply to traditional investments—overseen by government regulation—ought to apply to digital investments as well.


SEC order against recidivist Oracle skirts the issue


The most notable and relevant details in settlement agreements concerning regulatory compliance violations are often what is not stated. The SEC’s cease-and-desist order against Oracle over violations of the Foreign Corrupt Practices Act is no exception.


Clarity lacking in tribunal report on KPMG’s Carillion, Regenersis failings


The release of the independent tribunal report into the misconduct of KPMG and five of its former employees for falsifying information in the audits of Carillion and Regenersis provides further details about how the work was doctored—but not why.

ask cco 3x2 20225

Ask a CCO: Tech most subject to regulator scrutiny over next 5 years?

2022-09-23T13:00:00+01:00By Compliance Week

Four senior compliance practitioners offer what they believe will be the technology currently on the market that will receive the most attention from regulators over the next five years.


Collateral damage aplenty in NYAG lawsuit against Trump Organization


The New York Attorney General’s lawsuit against former President Donald Trump is solely focused on penalizing his business and cohorts, but firms like Mazars and Deutsche Bank don’t come off well from a due diligence perspective.

ask cco 3x2 20224

Ask a CCO: Accounting for regulator expectations in using new tech

2022-09-22T13:00:00+01:00By Compliance Week

Regulatory environments are ever evolving; four senior compliance practitioners detail what their respective businesses do to ensure compliance while utilizing new technologies.

ask cco 3x2 20223

Ask a CCO: Due diligence during Year 1 of implementing new tech

2022-09-21T13:00:00+01:00By Compliance Week

The first year is critical in assessing the success of implementing a new technology. Four senior compliance practitioners reveal how their respective firms carry out due diligence during implementation.

ask cco 3x2 20222

Ask a CCO: How does your firm assess the efficacy of new tech?

2022-09-20T13:00:00+01:00By Compliance Week

Four senior compliance practitioners describe how they evaluate new technologies to determine whether they are the right fit for their respective companies.

ask cco 3x2 2022

Ask a CCO: How do you get buy-in from leadership to invest in new tech?

2022-09-19T13:00:00+01:00By Compliance Week

Four senior compliance practitioners share keys to delivering a strong business case to management to secure budget resources for investment in new technologies.


​Regulation by enforcement does nobody any favors


To see a prominent representative from the CFTC accuse the SEC of “regulation by enforcement” might raise the eyebrow of some observers. But it shouldn’t—not when that’s the latter’s stated strategy.


Timely reminder: Take care of yourself over your work


The death by suicide of Bed Bath & Beyond CFO Gustavo Arnal hits home for those that understand the pressure that comes with working in the C-suite. Advice from a leadership expert says stress must be balanced with recovery.


The art and skill of delivering bad news


Amii Barnard-Bahn shares her six-step process to help increase receptiveness when communicating bad news and reduce the likelihood of backlash toward the message being delivered.


We bet you’ll love us: Try Compliance Week risk-free for 30 days


For a limited time, Compliance Week is offering 30-day free trial memberships to demonstrate the value we bring to those who serve the cause of ethics and compliance.


Dear SEC: The compliance community wants to be a partner, not a target


Communication between the Securities and Exchange Commission and the compliance community is not happening as robustly as compliance practitioners would like. The result is compliance officers are more concerned than ever the agency will target them in an enforcement action.


‘Uber Files’ a reminder of toxic leadership’s lasting stain


Uber’s troubled past is a story we already know, but the extent of the unethical activities alleged to have previously taken place within its walls still manage to make for gripping headlines—and serve as a reminder of the inescapable shadow of toxic leadership.


‘Ethical Machines’ breaks down AI ethical risk mitigation planning


It’s only a matter of time before regulators legislate how companies vet artificial intelligence. Ethicist Reid Blackman’s new book, “Ethical Machines,” advises companies on how to implement AI ethical risk mitigation strategies and avoid regulatory, legal, and reputational fallout.


Historic EY fine latest by-product of KPMG cheating scandal


It is impossible to ignore the SEC’s $100 million fine against EY for employee exam cheating is double the amount the regulator penalized KPMG for its separate cheating scandal. Especially since the latter resolution appears to have served as a starting point for the SEC’s ruling on the former.


CCO skepticism toward DOJ compliance certifications justified


Chief compliance officer concerns regarding the Department of Justice’s new certification policy have not been alleviated by the agency’s inconsistent communication regarding the requirement.


USAA whistleblowers want to be heard—and now


Jaclyn Jaeger reflects on feedback received from former and current USAA employees following her three-part series detailing alleged violations of law and mismanaged compliance culture at the financial services giant.

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Primer: Third-Party Risk Management & Oversight Summit


Editor In Chief Kyle Brasseur previews Compliance Week’s Third-Party Risk Management Summit, a two-day conference solely dedicated to the sharing of knowledge and experience within TPRM.


Ten highlights from Compliance Week 2022


Editor In Chief Kyle Brasseur recaps the moments that stood out to him most from Compliance Week’s first in-person event since 2019.


Put principles to practice with ‘Bias Interrupted’


Legal scholar Joan Williams’s book delivers an avalanche of evidence-based research on structural biases in the workplace and teaches how to course correct broken systems over time by interrupting basic business functions now.


‘Anti-Racist Leadership’ demystifies DEI for intentional leaders


Many business leaders wish to be better stewards of diversity, equity, and inclusion at their organizations. James and Krista White’s “Anti-Racist Leadership” debuts a rare playbook for instigating cultural transformation and making DEI an engine of business performance.


The moral of Elizabeth Holmes’s story: Focus on facts, not facades


The depiction of Elizabeth Holmes in the Hulu miniseries “The Dropout” bears out the tendency to filter judgment of the Theranos founder through the lens of her gender—but it’s her actions that should matter.

Allison Herren Lee and Hester Peirce

Top 10 reasons to attend Compliance Week 2022


A keynote with two SEC commissioners; interactive sessions on global sanctions, ESG, and ethical leadership; and a new conference location and format highlight Dave Lefort’s list of reasons to be excited for CW’s first in-person event in nearly three years.


‘The Betrayal’ offers AML lessons from undercover mission that nearly comes undone


Drug Enforcement Administration undercover agent Robert Mazur’s new book chronicles his infiltration of Colombia’s notorious Cali drug cartel and the money laundering practices he observed firsthand.


My Compliance Library: ‘The Behavioral Code’ explores tension between code and conduct


Benjamin van Rooij and Adam Fine’s book is an exposition on shaping laws and codes to “human and organizational behavior” that lends to the discussion on how behavioral science can inform ethics and compliance programs.


BlockFi ruling leaves big crypto question unresolved


The SEC’s determination regarding BlockFi’s crypto lending product is a landmark resolution, yet the ruling does little to settle the larger question still looming: Are cryptocurrencies securities or currencies?

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CW case study offers 360-degree view of ransomware attack


Learn through the eyes of the C-suite at Vulnerable Electric, a fictional private utility company impacted by a significant ransomware attack, as part of Compliance Week’s third case study.


TI 2021 corruption index shows world not willing to make real change


The adage that “no news is good news” doesn’t apply to Transparency International’s 2021 Corruption Perceptions Index. That corruption levels remain at a global standstill or have worsened highlights a disturbing trend for companies, governments, and citizens alike.


Shirley Chisholm: An ‘unbossed’ leader worth emulating


In recognition of MLK Day, CW Director of Compliance Programs & Training Julie DiMauro spotlights the inspirational work of Shirley Chisholm, the nation’s first Black congresswoman.


Elizabeth Holmes verdict primes DOJ for white-collar crackdown


For Department of Justice leadership that recently laid out plans to strengthen their response to corporate crime, the outcome of the Elizabeth Holmes trial is an arrow in the quiver for what might be a new age of white-collar enforcement.


DiMauro: Seven compliance areas to watch in 2022


If 2021 was about transition under the Biden administration, 2022 is looking as if it will be a year of action. CW Director of Compliance Programs & Training Julie DiMauro shares her list of key areas she expects to receive enhanced scrutiny in the year ahead.


Ten things I’d like to see happen in 2022 (2021 in review)


ESG and cryptocurrency figure to be key topics in 2022, but we’re also keeping an eye on President Biden’s anti-corruption efforts, details on Amazon’s record GDPR fine, the status of Facebook’s first CCO, and more.