Opinion


BackToWork

Ask Amii mailbag: What to do when back-to-work guidance falls to you

2020-07-02T12:50:00+01:00By

Executive coach Amii-Barnard Bahn offers some tips for when your compliance title morphs into “Chief Public Health Officer,” plus ways to highlight the compliance function at your company and more.

David Lefort

Market forces, not regs, leading the charge for data privacy

2020-06-30T19:13:00+01:00By

Data privacy is about to become a more tangible concept to Americans not due to regulation like the CCPA, but because the most influential brand in the nation is making it a pillar of how it does business.

Wirecard

In time of crisis, Wirecard has turned to its would-be CCO to lead

2020-06-30T15:58:00+01:00By

Reeling from a $2 billion accounting scandal, Wirecard has turned to its would-be chief compliance officer as its interim CEO. It’s the first smart move the company has made in a while, writes Martin Woods.

Columnist_Hodge

Ireland’s GDPR report shows it’s yet to hold Big Tech accountable

2020-06-29T18:31:00+01:00By

The Irish Data Protection Commission review of its GDPR investigations has come under fire for ignoring Big Tech and lacking information pertinent to inquiries into firms like Apple, Facebook, Google, and more.

PG&E

What are expectations of compliance at a negligent company like PG&E?

2020-06-29T15:39:00+01:00By

Financial crime expert Martin Woods wonders about the compliance priorities of a company found to be as reckless as Pacific Gas and Electric.

Columnist_Bistrong

My Compliance Library: ‘Gloom to Boom’ a guide for turning risk into opportunity

2020-06-25T17:12:00+01:00By

CW contributor Richard Bistrong shares his thoughts on Dr. Andrea Bonime-Blanc’s book within the context of the DOJ’s most recent compliance guidance and the turbulent times in which we are currently living.

Columnist_Boehler

Pandemic has taught us online training/education needs work

2020-06-24T19:48:00+01:00By

The challenge of educators and trainers is to demonstrate how online learning has the ability to be “more than” it has been before. To accomplish this goal, “let’s Zoom” cannot be the only call to action.

Wirecard

Lessons from Wirecard: Ignore unchallenged allegations at your peril

2020-06-24T14:34:00+01:00By

When a company does not rebut serious allegations of wrongdoing with litigation, the only response is to demand answers from the firm or take your business elsewhere, writes financial crime expert Martin Woods.

askamii

Ask Amii mailbag: Five strategies for maximizing virtual communication

2020-06-23T15:40:00+01:00By

Executive coach Amii Barnard-Bahn provides guidance on how compliance practitioners can best have the tough conversations they need to have in a virtual environment.

columnist icons - kyle

Like it or not, Clayton caught up in Trump machine

2020-06-22T20:34:00+01:00By

SEC head Jay Clayton has largely stayed out of the spotlight … until now, as he finds himself embroiled in a controversy that wasn’t of his own making. Such is life as a cog in the Trump machine.

David Lefort

Don’t let Trump’s actions lower the bar for checks and balances

2020-06-22T17:37:00+01:00By

The fact that President Trump is so unabashedly bold about holding his finger on the scales of justice should remind CCOs that ethics and rules can’t be bent for political (or business) gain.

Money laundering

Analysis: Learning to learn from our mistakes with AML

2020-06-19T14:40:00+01:00By

Scientists and doctors cannot succeed or make medical breakthroughs without being prepared to fail. The same approach should be taken to combating anti-money laundering, writes financial crime expert Martin Woods.

columnist icons - kyle

Tumultuous U.S. leadership hurts image of compliance

2020-06-18T18:45:00+01:00By

If “tone at the top” is a benchmark for determining ethical leadership, where does the United States stand?

David Lefort

Why a principles-based regulatory approach works for CFTC

2020-06-18T18:01:00+01:00By

CFTC Chairman Heath Tarbert seeks to let the evolving commodities market breathe with a “principles-based” regulatory approach.

ContactTracing

Contact tracing app development stunted by inaction in Congress

2020-06-17T18:44:00+01:00By

As federal officials dicker over details in a federal data privacy law, the coronavirus continues to spread. Development of a key technological tool in the fight is being kneecapped by their inaction.

Money laundering

Analysis: Path to effective AML is doing less with more

2020-06-16T16:28:00+01:00By

The answer to being more effective at stopping money launderers is to challenge the value of processes that are clearly failing. Financial crime expert Martin Woods explains.

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Be mindful of gender equity with return-to-work policies

2020-06-16T15:15:00+01:00By

As you’re making your back-to-work policies during the emergence from our collective quarantines, take into consideration that “optional” isn’t an option for everyone.

Westpac

Analysis: Let Westpac’s missteps be a cautionary tale

2020-06-12T16:24:00+01:00By

By balking at original allegations, Westpac opened itself to infinitely more harm, writes financial crime expert Martin Woods.

columnist_nicodemus

Could rethinking facial recognition tech provide guide for police reform?

2020-06-10T19:14:00+01:00By

Facial recognition technology, under assault for alleged biases and misuse by law enforcement, could be facing a moment of reckoning.

Women and bullies

Compliance has a role in eliminating corporate bullies

2020-06-05T16:07:00+01:00By

Anti-bullying should be at the top of your compliance agenda and should be supported by increased gender balance, writes financial crime expert Martin Woods. 

David Lefort

Law enforcement reform should take a cue from compliance

2020-06-04T15:37:00+01:00By

Just as companies must answer to their stakeholders, our public leaders and institutions need to be held more accountable to their constituents.

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Imagining a utopian food supply chain

2020-06-01T14:01:00+01:00By

If the coronavirus pandemic has taught us anything, it’s that we need a more resilient food supply chain. Jaclyn Jaeger explains what that could look like and how the public and private sector could play their parts.

Leapforward

Special report: Leadership in a time of unpredictable change

2020-05-26T18:51:00+01:00By

Executive coach Amii Barnard-Bahn reveals five tips for instilling compliance and ethics throughout the organization in times of uncertainty.

David Lefort

CW2020 wrap-up: Tips for CCOs on leading in a crisis

2020-05-21T16:24:00+01:00By

The themes of honesty and integrity defined the leadership best practices shared by more than 40 speakers across 15 sessions at Compliance Week’s first-ever Virtual Conference.

columnist icons - kyle

VP’s abrupt exit paints Amazon as coronavirus villain

2020-05-06T17:14:00+01:00By

Saying there is “evidence of a vein of toxicity” running through Amazon’s company culture, a now-former VP is the most prominent voice to speak out against the tech behemoth’s actions during the coronavirus pandemic.

Aaron Nicodemus

The seven worst compliance fails of the coronavirus pandemic

2020-05-05T16:40:00+01:00By

Compliance and ethics fails during the coronavirus pandemic have done more than hurt companies’ images. They’ve cost lives.

BusinessDecisions

Six steps to emerging from coronavirus with a strengthened compliance program

2020-04-29T15:22:00+01:00By Alejandra Montenegro Almonte and Ann Sultan, Compliance Week Guest Columnists

One day—maybe in the not-too-distant future—we will emerge from the coronavirus pandemic to some semblance of normalcy, a “normal” likely different from the one we left a few months ago. How do we best prepare for this next chapter?

columnist_nicodemus

Do ethics truly pay? PPP fiasco may tell us

2020-04-23T19:57:00+01:00By

Just because a company can qualify for a government coronavirus aid loan doesn’t mean it should accept one—it could mean the difference between a successful brand and an unethical countenance.

CARESAct

Preparing for the compliance caveats that accompany CARES Act, PPP

2020-04-23T15:40:00+01:00By Kim Koster, Compliance Week Guest Columnist

Regardless of the government relief program, companies that are able to provide clear, thorough, and timely compliance data and documentation will put themselves in the best position to secure the relief they need.

columnist_nicodemus

Do we have to give up our privacy to be safe from coronavirus?

2020-04-14T21:27:00+01:00By

How much of your privacy rights and civil liberties are you willing to give up in the fight against the coronavirus pandemic? Our collective answer might determine how successful we are in the next phase of this fight.

Gloom to Boom cover

My Compliance Library: ‘Crude Intentions’ gets at the why of compliance

2020-04-13T20:40:00+01:00By

A reading of “Crude Intentions” can go a long way toward educating those who work in high-risk regions as to the ramification of their misguided decisions.

CoreValues

Why risk, compliance, and ESG principles matter now more than ever

2020-04-09T13:49:00+01:00By Michael Savicki, Compliance Week Guest Columnist

The current regulatory and risk climate puts companies in a unique position to showcase their GRC and ESG principles, positioning them to thrive in the long run.

askamii

Ask Amii coronavirus mailbag: How prepared can you be for the unknown?

2020-04-03T15:53:00+01:00By

In this special edition of the Ask Amii Mailbag, executive coach and former Chief Compliance Officer Amii Barnard-Bahn answers questions on tackling the uncharted territory of the coronavirus pandemic.

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Coronavirus: The EPA’s greatest excuse, companies’ greatest test of ethics

2020-04-01T19:26:00+01:00By

As the Environmental Protection Agency abdicates its oversight responsibilities, pointing to the coronavirus pandemic, now is the time for true leaders to lead.

askamii

Ask Amii mailbag: How to push for greater say at your company

2020-03-19T16:05:00+00:00By

The latest edition of the Ask Amii mailbag provides guidance on getting compliance more involved in conversations with key decision makers. Amii also gives her thoughts on when the time is right to change careers.

columnist icons - kyle

Elon Musk’s response disappointing amid coronavirus chaos

2020-03-18T17:09:00+00:00By

Tesla CEO Elon Musk believes coronavirus panic is more harmful than the virus itself, but he’s done little to provide help in any form despite having the platform to do so.

David Lefort

Ethical leadership more important than ever during coronavirus crisis

2020-03-13T15:22:00+00:00By

Not a single one of us can predict with any kind of certainty what will come next. And that’s exactly why we need strong ethical voices now more than ever.

Houston Astros

Ethics and compliance lessons from Astros’ cheating scandal

2020-03-12T19:59:00+00:00By Carrie Penman and Mark Robertson, Compliance Week Guest Columnists

The Astros’ sign-stealing scandal offers important lessons for leaders of all organizations about the risks associated with a win-at-all-costs or short-term outlook.

Jonny Frank

10 tips to meet government expectations of remediation programs

2020-03-11T20:39:00+00:00By Jonny Frank, Compliance Week Guest Columnist

A DOJ-appointed independent compliance monitor has some important advice for companies in trouble that may mean not just remediation credit, but more importantly reputation restoration and the avoidance of larger problems down the line.

askamii

Ask Amii mailbag: Your reputation, employee relations, and more

2020-03-11T16:34:00+00:00By

The latest edition of the Ask Amii mailbag answers queries on how to protect your reputation when your leaders break the rules; Amii also shares her perspective from the trenches on toiling as the ethical employee.

Columnist_Aly

Training methods for kids and employees aren’t that different

2020-02-14T14:06:00+00:00By

The general principles for creating a culture of compliance for 12-year-olds in a classroom are just as effective in a workplace setting.

David Lefort

Compliance training 101: Know your audience

2020-02-12T17:56:00+00:00By

Need to get something off my chest before I pass along lessons learned from poorly executed compliance training.

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Confronting ‘willful intent’ in third-party corruption cases

2020-02-04T20:03:00+00:00By

Even as companies continue to agree to multi-billion-dollar settlements related to the corrupt acts of third parties, managing the risks associated with them nevertheless eludes many compliance departments.

columnist icons - kyle

Trump’s efforts to weaken FCPA bad news for compliance

2020-02-04T16:10:00+00:00By

If President Trump gets his way and the FCPA loses its bite, compliance officers would lose a valuable instrument in their fight to keep businesses on the right side of an ever-blurring line between right and wrong.

Columnist_Bistrong

My Compliance Library: ‘Crisis of Conscience’ explores whistleblower culture

2020-01-13T18:31:00+00:00By

The latest installment of My Compliance Library examines “Crisis of Conscience,” a wide-ranging look at whistleblowers and the toxic cultures that lead to their critical role in enacting change.

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Special report: Compliance 2020

2020-01-06T14:24:00+00:00By

CW Editor in Chief Dave Lefort offers 10 predictions on what will dominate compliance headlines in 2020.

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Apple, Walmart among compliance winners of 2019

2019-12-27T17:13:00+00:00By

Strong social stances, a dedication to doing what’s right, and leading by example highlight the qualities exemplified by our list of ethics and compliance winners of 2019.

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Top ethics and compliance failures of 2019

2019-12-27T17:13:00+00:00By

From antitrust and privacy concerns in the tech world to compliance officer liability in the pharmaceutical industry to unethical practices in the banking and accounting professions, more than a dozen companies made Compliance Week’s list of the biggest compliance fails in 2019.

columnist icons - kyle

Most-trafficked content tells story of the compliance officer

2019-12-23T15:35:00+00:00By

Changes in the interests of our audience over the last several years help us to understand how much compliance officers must evolve in their jobs to meet the demands of a given time.

askamii

Ask Amii mailbag: TPRM from a third-party perspective

2019-12-20T19:47:00+00:00By

The latest edition of the Ask Amii mailbag analyzes a case of a third party’s recommendation being ignored and offers tips on when it’s the right time to change career paths.