Risk Management


Deutsche dinged $150M for compliance failures related, in part, to Jeffrey Epstein


Deutsche Bank will pay $150 million in penalties under a consent order with New York State for “significant compliance failures” regarding, in part, its former relationship with accused child sex trafficker Jeffrey Epstein.

Money laundering

Managing emerging trade-based money laundering risks

2020-07-02T14:38:00+01:00By Jake Plenderleith, International Compliance Association

Trade-based money laundering was already happening prior to the coronavirus pandemic, but now its nature has shifted. The ICA offers key considerations for managing emerging risks.


OCC report highlights elevated compliance risks in banking


The Office of the Comptroller of the Currency published a new report describing key issues facing the federal banking system and the effects of the coronavirus pandemic on the banking industry.


Mexico’s war on corruption an uphill battle for compliance officers


Companies doing business in Mexico face an uphill battle with their anti-corruption compliance efforts as the country’s government struggles to control—and, in many cases, contributes to—its endemic corruption problem.


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


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.


Lessons from Wirecard: Ignore unchallenged allegations at your peril


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.


Ask Amii mailbag: Five strategies for maximizing virtual communication


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.

onspring 300x200

CPE Webcast: The simple secret that keeps compliance leaders ahead of change

2020-06-23T14:00:00+01:00Provided by

What keeps the best compliance leaders ahead of the pack in today’s pandemic-beleaguered climate? Actionable insights from well-organized data inputs.

Money laundering

Analysis: Learning to learn from our mistakes with AML


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.


Report slams ‘woefully lax’ cyber-security controls at CIA


Cyber-security protections deployed for some of the nation’s most secret data was “woefully lax,” according to a 2017 intelligence brief that detailed shortcomings at the CIA following the agency’s 2016 data breach.

ICA expands to Czech Republic with new partnership

2020-06-18T14:42:00+01:00By GRC Announcements

The International Compliance Association announced the signing of a partnership with the Czech Compliance Association to offer the ICA’s suite of accredited qualifications in the Czech Republic.

onetrust grc 300x200

CPE Webcast: Automating risk and compliance to strategize on uncertainty

2020-06-18T14:00:00+01:00Provided by

Where can you best leverage automation and AI in GRC? As companies shift to a proactive risk-based approach to measuring and managing risk, compliance can still take up a significant amount of resources.

Money laundering

Analysis: Path to effective AML is doing less with more


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.


Five cyber-security lessons from the pandemic

2020-06-16T14:27:00+01:00By David Kessler, CW Guest Columnist

Verizon Public Sector Counsel David Kessler, winner of CW’s “Excellence in Compliance: Cyber-Security” award, offers five lessons garnered from the pandemic to assist companies with their cyber-security compliance.


CPE Webcast: Fraud and bribery risks: Preparing for a COVID-19 spike

2020-06-16T11:00:00+01:00Provided by

As businesses and employees work to re-establish stability and reset targets following the disruption caused by coronavirus, they will be more vulnerable to fraud, corruption, and regulatory violations.

Pandemic layoffs

Navigating layoffs is always hard. During a pandemic, it’s harder


As businesses begin to reopen, many companies are reassessing the furlough decisions they made in March. If you manage such employees, you would be wise to heed this advice.


Report: AI tools carry many benefits, some risks for securities industry


A study on the use of artificial intelligence in the securities industry by FINRA found a number of challenges with the technology—data bias, customer privacy, and cyber-security among them—but noted it can offer “significant benefits.”


Best practices for auditing in the current crisis and beyond


A session from a recent MetricStream virtual conference provides lessons for internal audit on what risks to watch out for and how to chart a path forward.


CPE Webcast: TPRM: Best practices for an efficient program

2020-06-11T14:00:00+01:00Provided by

While there is no one right third-party risk management program, there is a model right for you, and incorporating best practices into your processes can have an exponential effect on your results.

Coronavirus office

Podcast: Tips for mitigating risks in returning to the office

2020-06-10T15:25:00+01:00By Compliance Week

Compliance Week Editor in Chief Dave Lefort and ServiceNow Risk Solutions Executive Brandon Reese share best practices and discuss managing pandemic-related risks as companies safely and slowly bring employees back to the office.

Data breach

Report: Average data breach costs public companies $116M


An Audit Analytics report on cyber-security breaches at public companies found the sensitivity of customer information stolen—along with length of time it took companies to report breaches—greatly affected the financial damage the breaches caused.

Jet plane

Analysis: Don’t ignore financial misconduct in ‘plane’ view


Compliance officers must let go of the fear that often accompanies respect for big money (or luxurious aircrafts) and hold the difficult conversations when ferreting out bad actors, writes financial crime expert Martin Woods.


CPE Webcast: Humanizing compliance: Navigating COVID-19 and Beyond

2020-06-09T14:00:00+01:00Provided by

There’s no argument that the world has changed, and while the long-term implications of the COVID-19 crisis are unknown, the way we approach work and the workplace has already become different forever.


Westpac outlines compliance failures that led to AML breaches


An internal report outlining compliance failures by Australia-based financial institution Westpac that led to 23 million breaches of the country’s AML/CTF laws concluded “a mix of technology and human error” were to blame.

Women and bullies

Compliance has a role in eliminating corporate bullies


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. 


When manufacturing new product lines, be aware of new compliance risks


As companies around the world begin to manufacture products outside their comfort zone to address dire shortages in personal protective equipment amid the pandemic, compliance practitioners are negotiating new risks and challenges.

Fraud cartoon

How to scour your organization for pandemic fraud risks


“Only when the tide goes out do you discover who’s been swimming naked,” said Warren Buffett. With the pandemic tide out, here are some related frauds that are likely already occurring that corporations should be watching for.


Revised DOJ compliance guidance highlights risk, training, more


The Department of Justice posted new revisions to its “Evaluation of Corporate Compliance Programs” guidance, directing prosecutors to ask whether compliance is “adequately resourced and empowered to function” effectively, among other changes.


Wells Fargo appoints new risk leaders, enhances risk model


Still trying to polish its tarnished reputation, Wells Fargo announced the appointment of two new corporate risk leaders and an enhanced organizational structure “designed to provide greater oversight of all risk-taking activities.”


FinCEN advisory details coronavirus risks for financial industry


The Financial Crimes Enforcement Network has issued what it says is the first of several advisories concerning financial crimes related to the COVID-19 pandemic.

rsa 300x200

CPE Webcast: TPRM; What keeps you up at night?

2020-05-28T14:00:00+01:00Provided by

Do risks from your third-party ecosystem keep you up at night, especially during these trying times? How have third-party risks changed over the years, but especially lately, considering the current crisis?


Special report: Leadership in a time of unpredictable change


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

Coronavirus crime

Five ways to protect yourself from coronavirus cyber-attacks

2020-05-26T17:28:00+01:00By Holly Thomas-Wrightson, International Compliance Association

Cyber-criminals are making attempts to test the cyber-security of those working from home during the coronavirus pandemic. Here are ways to help defend yourself and your business from these potential threats.


Analysis: How to handle the heat of boiler room fraud


Financial crime expert Martin Woods explains how compliance professionals can do their part in rooting out boiler room/investment frauds, citing a recent story from a call center in Kiev.

trustarc 300x200

CPE Webcast: Calculating COVID-19 third-party privacy risks

2020-05-26T14:00:00+01:00Provided by

COVID-19 has completely changed the way organizations do business, both internally and externally. The influx of sensitive data being collected makes proactively identifying and managing privacy risk a big challenge.

David Lefort

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


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.

Coronavirus crime

Analysis: Opportunity knocking for coronavirus criminals


Financial crime expert Martin Woods explores how bad actors use crises like the coronavirus pandemic to exploit fear, perceived weaknesses, and obvious vulnerabilities and further their criminal enterprise.

Michael Ward

Advice for CCOs: Pandemic ‘exceptions’ will be judged in ‘harsh light of hindsight’


The coronavirus pandemic is not a “Get Out of Jail Free” card. It is not an excuse machine—just one of the lessons explored during Compliance Week’s recent Virtual Conference.

Peter Anderson

Carnival CECO trying to right the ship amid ‘two storms’


The entire cruise industry was hit hard by coronavirus, but for Carnival CECO Peter Anderson the challenges were twofold: How to steer his company through both a compliance monitorship and a global pandemic.


Ethics and compliance tips for charting a path in uncharted times


A panel of experts speaking at Compliance Week’s 2020 Virtual Conference share helpful tips for chief ethics and compliance officers on how to lead successfully in a time of great uncertainty.

Samantha Power

Former UN ambassador Power’s message to CCOs: ‘Don’t be silenced’


Speaking at the Compliance Week 2020 virtual conference, former UN Ambassador Samantha Power offered advice on how to address abuses happening during the pandemic and praised the upsurge in strong female leadership around the world.

Holloway EIC

Holloway’s bold strategy lands him CW’s CCO of the Year


U.S. Steel Chief Compliance Officer Duane Holloway’s successful efforts to overhaul the ethical principles of a 119-year-old company earn him the distinction of becoming CW’s first-ever CCO of the Year.

Drew EIC

Josh Drew led by example in getting VEON through DPA


CW’s Compliance Comeback of the Year Josh Drew, group chief ethics & compliance officer at VEON, discusses the challenges he faced when rebuilding the company’s ethics and compliance program under a monitor’s watchful eye.

Penman EIC

Penman an E&C pioneer with an uncanny ability to connect


Lifetime Achievement in Compliance award winner Carrie Penman walks us through her compliance journey—from creating the first corporate-wide ethics program at Westinghouse Electric to her influential ethics and compliance work at NAVEX Global.

Coronavirus look ahead

Flexible approach needed in return from coronavirus


Can an employee, fearful of contracting coronavirus, refuse to return to work? Though the law may be on the employer’s side, there should be room for negotiation.


Sanctions guidance: Best practices for maritime, energy, metals sectors


A global advisory to alert the maritime, energy, and metals sectors about common deceptive shipping practices used to evade sanctions includes seven sanctions compliance best practices to mitigate risk.


AdvaMed issues pandemic compliance guidance for med-tech


The Advanced Medical Technology Association has released new compliance guidance for medical-technology companies to guide them in mitigating compliance and corruption risks as they help healthcare providers fight coronavirus.


Coronavirus has made CW2020 a (virtual) gathering like no other


The coronavirus pandemic has made getting together for our annual National Conference impossible, but it’s also made this virtual gathering (Monday and Tuesday) perhaps the most important one we’ve ever had.


Driving innovation in supply-chain practices post-pandemic


A number of forward-thinking companies are using the coronavirus pandemic as an opportunity to drive promising innovations in their global supply chains.

supply wisdom300x200

CPE Webcast: COVID-19: Renewing risk management programs

2020-05-14T14:00:00+01:00Provided by

Risk events eventually diminish, and the focus naturally turns to recovery. But COVID-19 represents a unique challenge due it’s prolonged effects and the resulting cascading risks and possible disruptions.