Opinion


Brasseur_opinion

DOJ calling out compliance with 2022 policy shifts

2022-12-09T13:00:00+00:00By

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.

Mastercard

Five compliance triumphs from 2022

2022-12-07T13:00:00+00:00By

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.

Brasseur_opinion

No time managing risk? No wonder FTX collapsed

2022-12-06T13:00:00+00:00By

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.

Compliance_Fails_2022 Main Art_index

Top ethics and compliance failures of 2022

2022-12-06T13:00:00+00:00By

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.

McDevitt_opinion

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

2022-12-05T14:52:00+00:00By

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.

Nicodemus_opinion

FTX collapse should provide momentum to regulate crypto

2022-11-15T21:02:00+00:00By

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.

Jaeger_opinion

SEC order against recidivist Oracle skirts the issue

2022-10-13T13:46:00+01:00By

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.

Hodge_opinion

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

2022-09-28T11:54:00+01:00By

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.

Nicodemus_opinion

Collateral damage aplenty in NYAG lawsuit against Trump Organization

2022-09-22T22:08:00+01:00By

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.

Brasseur_opinion

​Regulation by enforcement does nobody any favors

2022-09-16T14:30:00+01:00By

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.

Brasseur_opinion

Timely reminder: Take care of yourself over your work

2022-09-09T12:45:00+01:00By

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.

Amii_opinion

The art and skill of delivering bad news

2022-08-23T12:00:00+01:00By

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.

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

2022-08-12T10:39:00+01:00By

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.

Nicodemus_opinion

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

2022-07-21T16:00:00+01:00By

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.

Brasseur_opinion

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

2022-07-13T15:50:00+01:00By

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.

McDevitt_opinion

‘Ethical Machines’ breaks down AI ethical risk mitigation planning

2022-07-12T12:30:00+01:00By

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.

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.