Opinion


Brasseur_opinion

Historic EY fine latest by-product of KPMG cheating scandal

2022-06-29T13:44:00+01:00By

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.

Brasseur_opinion

CCO skepticism toward DOJ compliance certifications justified

2022-06-27T15:36:00+01:00By

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.

Jaeger_opinion

USAA whistleblowers want to be heard—and now

2022-06-16T17:13:00+01:00By

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.

TPRM2022 room

Primer: Third-Party Risk Management & Oversight Summit

2022-06-13T11:00:00+01:00By

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.

Brasseur_opinion

Ten highlights from Compliance Week 2022

2022-05-23T11:30:00+01:00By

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

McDevitt_opinion

Put principles to practice with ‘Bias Interrupted’

2022-05-03T12:00:00+01:00By

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.

McDevitt_opinion

‘Anti-Racist Leadership’ demystifies DEI for intentional leaders

2022-03-22T13:00:00+00:00By

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.

McDevitt_opinion

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

2022-03-17T16:53:00+00:00By

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

2022-03-09T18:12:00+00:00By

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.

DiMauro_opinion

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

2022-02-25T15:00:00+00:00By

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.

Bistrong_opinion

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

2022-02-23T13:00:00+00:00By

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.

Nicodemus_opinion

BlockFi ruling leaves big crypto question unresolved

2022-02-16T14:58:00+00:00By

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?

Ransomware cover

CW case study offers 360-degree view of ransomware attack

2022-01-31T13:00:00+00:00By

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.

Jaeger_opinion

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

2022-01-25T21:02:00+00:00By

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.

DiMauro_opinion

Shirley Chisholm: An ‘unbossed’ leader worth emulating

2022-01-14T13:00:00+00:00By

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.

Brasseur_opinion

Elizabeth Holmes verdict primes DOJ for white-collar crackdown

2022-01-10T13:00:00+00:00By

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_opinion

DiMauro: Seven compliance areas to watch in 2022

2021-12-29T17:26:00+00:00By

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.

Brasseur_opinion

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

2021-12-10T14:00:00+00:00By

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.

Capital One

Five compliance triumphs from 2021

2021-12-08T13:00:00+00:00By

A key CCO appointment, a company committed to transparency, and a bank that spent big on improving its AML controls highlight CW’s annual list of laudable ethics and compliance moments.

Compliance_Fail_Main_Art

Top ethics and compliance failures of 2021

2021-12-07T13:00:00+00:00By

Systemic risk management lapses at a financial services firm, allegations of toxic culture at a video game giant, and more of the same baffling behavior from one of the world’s largest tech companies comprise CW’s list of the biggest ethics and compliance fails of 2021.

Bistrong_opinion

My Compliance Library: ‘The Long Game’ offers timely look at long-term career planning

2021-12-01T14:00:00+00:00By

Dorie Clark’s best-selling book “The Long Game” challenges us to ponder what it would look like to “discover our own definition of success” at a time when more professionals than ever are quitting their jobs in search of positive change.

Jaeger_opinion

Activision Blizzard case study: When CCOs become the CEO’s mouthpiece

2021-11-23T19:49:00+00:00By

Many chief compliance officers report directly to the board or chief executive officer. But what happens to the CCO when the CEO is the problem? Take Activision Blizzard as an example of what not to do.

aaron mind graphic

Inside the Mind of the CCO: New responsibilities come to fore in 2021

2021-11-19T13:00:00+00:00By

For the third straight year, respondents to our “Inside the Mind of the CCO” survey indicated lack of support and resources as the No. 1 part of their job that keeps them up at night. It’s cause for concern, especially as the role’s mandate grows.

McDevitt_opinion

Stop normalizing the gender pay gap

2021-11-17T13:00:00+00:00By

Our “Inside the Mind of the CCO” survey revealed women in compliance were paid far less than men. In a profession where practitioners are hailed as paragons of ethical integrity, why is this OK?

Happy businesspeople

Compliance: The happiest profession on Earth?

2021-11-17T13:00:00+00:00By

While the “Great Resignation” takes its toll on many industries, compliance officers responding to CW’s “Inside the Mind of the CCO” survey still near-unanimously say they are happy with their jobs. Amii Barnard-Bahn speaks with practitioners for their insights into the disparity.

Jaeger_opinion

When racist words, stereotypes are not in the eye of the beholder

2021-11-11T16:59:00+00:00By

A recent case involving discrimination allegations raised by a former compliance executive at Commerzbank serves as a reminder that sometimes people use words that hurt others’ feelings, but it doesn’t always mean the intention is there.

Brasseur_opinion

Banks in crisis at CEO turning to chief risk officers

2021-11-02T18:32:00+00:00By

Two of the largest banks in Europe—Barclays and Danske Bank—have had to make abrupt pivots at the CEO position this year. Each has chosen to pass the baton to their former chief risk officer.

ask cco 3x2 pendergrass

Ask a CCO: How do you get leadership to support compliance?

2021-10-08T13:00:00+01:00By Compliance Week

Seven senior compliance practitioners impart how to get leadership to understand the value compliance offers the business and commit to supporting ethical initiatives.

ask cco 3x2 schwager

Ask a CCO: How to ensure right things done for right reasons

2021-10-07T13:00:00+01:00By Compliance Week

How do you encourage employees to do the right things for the right reasons? Seven senior compliance practitioners share what they and their respective companies do to best get results.

ask cco 3x2 caballero

Ask a CCO: How do you prevent whistleblower retaliation?

2021-10-06T13:00:00+01:00By Compliance Week

Seven senior compliance practitioners detail the steps their respective companies take to ensure whistleblowers are not retaliated against when reporting potential misconduct.

Nicodemus_opinion

Lessons learned from actions of Facebook whistleblower Frances Haugen

2021-10-05T16:09:00+01:00By

Many whistleblowers are forced to take their complaints outside the company because their attempts to address the problems internally are rebuffed or ignored. Facebook is paying the price for that inaction.

ask cco 3x2 katz

Ask a CCO: What makes a good internal reporting system?

2021-10-05T13:00:00+01:00By Compliance Week

Seven senior compliance practitioners explain what they believe to be the key tenets of an internal reporting system that encourages employees to come forward with reports of potential misconduct.

ask cco 3x2 carrington

Ask a CCO: How do you encourage internal reporting?

2021-10-04T13:00:00+01:00By Compliance Week

Seven senior compliance practitioners share how they encourage employees to come forward with reports of potential misconduct in support of the greater mission of instilling a culture of compliance.

McDevitt_opinion

‘Raise Your Game, Not Your Voice’ a guide for ethics-minded professionals

2021-09-30T16:16:00+01:00By

Lisa Beth Lentini Walker and Stef Tschida’s guidebook teaches compliance practitioners how to win others over in the maelstrom without adding to the noise.

Jaeger_opinion

Activision Blizzard EEOC deal: All form, no substance

2021-09-29T19:54:00+01:00By

Activision Blizzard’s $18 million settlement with the Equal Employment Opportunity Commission mirrors in many ways the terms ride-sharing company Uber reached in a deal with the EEOC in 2019—except the agreement is void of any accountability.

Bistrong_opinion

My Compliance Library: ‘What on Earth Can Go Wrong’ explores managing risk through global lens

2021-08-27T14:31:00+01:00By

In “What on Earth Can Go Wrong,” Richard Fenning shares what he learned over the course of nearly three decades exploring the world through the eyes of a risk management expert.

McDevitt_opinion

‘Intentional Integrity’ urges conviction in tackling ethical dilemmas

2021-08-23T16:51:00+01:00By

In his book, Rob Chesnut, former chief ethics officer at Airbnb, teaches business leaders how to weave ethics into the fabric of a company’s culture and ensure a little pulling on the integrity thread will not cause the firm to unravel.

Brasseur_opinion

T-Mobile the least surprising data breach of 2021

2021-08-18T16:10:00+01:00By

Cyber-attacks catch most companies and their customers off guard, but T-Mobile, the victim of at least five data breaches since 2018, had many red flags indicating its vulnerability ahead of its latest incident.

Nicodemus_opinion

Encouraging whistleblowing could mean casting the word aside

2021-08-12T13:22:00+01:00By

Whistleblower is a loaded term, one that conjures up images of rats, snitches, and backstabbers. Maybe it’s time to call it something different.

Jaeger_opinion

Activision Blizzard scandal signals day of reckoning for video game industry

2021-08-03T17:34:00+01:00By

Activision Blizzard is not only a case study in how not to respond to allegations of sexual harassment and discrimination in the workplace—it’s also the latest blatant showing of managerial recklessness in an industry ripe for transformational change.

Lefort_opinion

We bet you’ll love us: Free CW access for month of August

2021-08-02T11:00:00+01:00By

For the month of August, we’re tearing down our paywall. Readers can access our entire archive of news, benchmarking surveys, special reports, case studies, and Webcasts by simply creating a free account and signing in.

Whistle - dark

CW whistleblower series: ‘Witness to Wrongdoing’

2021-07-21T13:00:00+01:00By

This in-depth CW series chronicles the timeline of a whistleblower—from identifying wrongdoing to reporting and enduring subsequent hardships. Exclusive interviews impart key lessons for compliance officers seeking to become an ally to these individuals.

McDevitt_opinion

‘The Compliance Entrepreneur’s Handbook’ dispels false paradox

2021-07-20T12:03:00+01:00By

A new book proves compliance practitioners can take risks and get paid dividends, and the authors are willing to show you how.

Hodge_opinion

FCA pledge to be more assertive rings hollow amid enforcement drops

2021-07-19T16:22:00+01:00By

A steady decrease in enforcement activity makes it easy to question whether the U.K. Financial Conduct Authority is in position to become the “more innovative, assertive, and adaptive regulator” it pledges to be.

Brasseur_opinion

New-look FTC to test compliance with aggressive approach?

2021-07-12T13:21:00+01:00By

The Federal Trade Commission under new Chair Lina Khan is wasting no time in restoring its power to reshape rulemaking and enforcement, but doing so without proper time for public input is an early cause for concern.