Opinion


Brasseur_opinion

Ten things I’m excited for at CW National 2024

2024-02-22T13:00:00+00:00By

A new month and a new venue but a lot of the same you love about Compliance Week’s National Conference. CW Editor in Chief Kyle Brasseur shares what he’s looking forward to most at the 2024 edition of the annual event.

Brasseur_opinion

Ten things I’d like to see happen in 2024

2024-01-08T16:02:00+00:00By

Election years in the United States, United Kingdom, and at European Parliament, along with ongoing geopolitical tensions, make 2024 difficult to predict—aside from the expectation compliance officers will be busy.

Binance

Top ethics and compliance failures of 2023

2023-12-14T15:00:00+00:00By

A virtual currency exchange that sought to mislead regulators, banks failing after ignoring obvious risks, and a manufacturer that sold millions of its products in violation of U.S. export controls are among those that make up CW’s list of the biggest ethics and compliance fails of 2023.

Discover Financial Services

Five compliance triumphs from 2023

2023-12-13T15:00:00+00:00By

A financial services giant’s compliance mea culpa that could serve to benefit the rest of the profession, a chemical company’s praised FCPA settlement, and an example of the value of whistleblowers highlight CW’s annual list of laudable ethics and compliance moments.

McDevitt_opinion

Book review: Demythologizing money laundering, demystifying AML compliance

2023-12-05T18:00:00+00:00By

Movies and TV shows might have launched a thousand armchair experts on the topic of money laundering, but few can explain how or why it’s done. Ola Tucker’s book, “The Flow of Illicit Funds,” does exactly that.

Nicodemus_opinion

No time like present to tackle thorny problem of off-channel comms

2023-11-17T21:58:00+00:00By

The new messaging on use off-channel communications for business should be clear: What was done before is no more. It cannot continue. The stakes are too high.

Brasseur_opinion

‘Ethics & Compliance for Humans’ highlights potential of profession

2023-10-16T15:58:00+01:00By

Adam Balfour’s new book explains the benefits ethics and compliance programs designed with the human experience in mind can have on workplaces, communities, and the world at large.

Brasseur_opinion

Incentive policies suggest calm before storm at DOJ

2023-10-12T16:00:00+01:00By

All the carrots being offered by the Department of Justice in the past year—greater penalty reduction thresholds, relief related to compensation clawbacks, voluntary self-disclosure incentives—are part of a strategy to strengthen the enforcement stick when companies don’t cooperate.

Hodge_opinion

Fallout from ‘debanking’ scandal suggests more U.K. bank reforms coming

2023-09-12T15:00:00+01:00By

The former CEO of NatWest’s decision to leak client details to the press regarding Nigel Farage is likely to cost the financial industry millions in new compliance checks as U.K. regulators prepare reviews into how banks treat people with extreme political views.

columnist dale

Whistleblower goes above, beyond in Construction Specialties OFAC case

2023-08-22T16:23:00+01:00By

The impact of “see something, say something” was on display as part of Construction Specialties’ settlement with the Office of Foreign Assets Control for apparent Iran sanctions violations.

Brasseur_opinion

Keep ‘your’ in mind while reading ‘Living Your Best Compliance Life’

2023-08-15T12:00:00+01:00By

Author Mary Shirley establishes her ethics and compliance advice book as relatable for all practitioners, junior or senior level. The result is an enjoyable read that offers something for everyone from any E&C background.

Brasseur_opinion

​SEC’s latest whistleblower award worth note beyond $104M payout

2023-08-08T17:41:00+01:00By

The SEC announced a $104 million award split among seven whistleblowers, but the fact nearly a dozen claimants contacted the agency seeking to provide information related to one action should be notable to companies regarding the stakes of the current whistleblower landscape.

WIC Amii

Women in Compliance Summit proves value of congregating, allyship

2023-07-07T19:14:00+01:00By

Compliance Week’s inaugural Women in Compliance Summit featured two days dedicated to elevating attendees and addressing some of the unique challenges women face in the profession.

McDevitt_opinion

‘Bully Market’ depicts Goldman Sachs lacking in culture vigilance

2023-06-08T16:00:00+01:00By

Jamie Fiore Higgins’s experiences at Goldman Sachs as chronicled in her memoir “Bully Market” prove a timely read following the investment bank’s $215 million class-action settlement over gender discrimination.

McDevitt_opinion

‘Bully Market’ depicts Goldman Sachs lacking in culture vigilance

2023-06-08T12:45:00+01:00By

Jamie Fiore Higgins’s experiences at Goldman Sachs as chronicled in her memoir “Bully Market” prove a timely read following the investment bank’s $215 million class-action settlement over gender discrimination.

ask cco 3x2 may 20236

Ask a CCO: Importance of data analytics, AI over next 5 years

2023-05-26T13:00:00+01:00By

Six senior compliance practitioners forecast the impact advances in data analytics and artificial intelligence will have in their future compliance efforts.

ask cco 3x2 may 20235

Ask a CCO: Pressing pain point in working with data for compliance

2023-05-25T13:00:00+01:00By

Six senior compliance practitioners disclose hurdles their respective departments have faced in utilizing data for compliance purposes.

ask cco 3x2 may 20234

Ask a CCO: Biggest priority for upgrading compliance tech

2023-05-24T13:00:00+01:00By

Six senior compliance practitioners share their biggest priority areas for making technological upgrades to their respective compliance programs during 2023.

ask cco 3x2 may 20233

Ask a CCO: Where has tech made biggest difference in TPRM efforts?

2023-05-23T13:00:00+01:00By

Six senior compliance practitioners explain the impact technological advances have had in streamlining third-party risk management efforts.

CW2023 crowd shot

Highlights from Compliance Week 2023

2023-05-22T13:40:00+01:00By

Significant changes in policy and technology, in addition to fresh perspectives on tried-and-true compliance topics, highlighted the discussion at Compliance Week’s 2023 National Conference.

ask cco 3x2 may 20232

Ask a CCO: Compliance team role in TPRM

2023-05-22T13:00:00+01:00By

Six senior compliance practitioners describe how their team contributes to third-party risk management at their respective companies.

Brasseur_opinion

Record Seagate enforcement a reminder it doesn’t matter if you think you’re right

2023-05-01T16:22:00+01:00By

Not knowing with certainty whether the business you’re conducting meets all relevant regulatory standards is a recipe for trouble, as Seagate learned in paying $300 million for its restricted dealings with Chinese telecom Huawei.

Hodge_opinion

BBC-Gary Lineker controversy a lesson in employee social media supervision

2023-04-14T13:09:00+01:00By

The BBC’s widely criticized suspension of soccer commentator Gary Lineker for remarks he made on Twitter should prompt employers to reconsider whether they have the right to discipline employees or contractors for what they do outside of the work environment.

Nicodemus_opinion

Alleged fraudster cited privacy in duping JPMorgan into $175M merger

2023-04-05T19:23:00+01:00By

Charlie Javice and her startup Frank allegedly convinced the country’s largest bank to pay $175 million for what largely amounted to a list of fake college students. The apparent due diligence failures by JPMorgan Chase offer a cautionary tale to compliance professionals.

Brasseur_opinion

Messaging history damning in CFTC case against ex-Binance CCO

2023-04-04T14:58:00+01:00By

A cryptocurrency firm with a chief compliance officer found to not be handling the responsibilities of their role seriously is likely to face additional regulatory scrutiny, as evidenced by the Commodity Futures Trading Commission’s action against Binance.