Supply chain disruptions caused by Republican policies should be managed
If you’re in third-party risk management, handling the latest disruptions brought on by wild gyrations in tariff rates and export control rules by Republican leadership ought to be child’s play.
Communication and relationships is increasingly critical for compliance teams
Compliance is increasingly in the spotlight as companies are tackling everything from artificial intelligence and other new technologies to risk management and mitigation. But it’s soft skills of communication and relationship building that are becoming the most critical tools for success.
Technology advancements are making export controls more important than ever
Russia’s invasion of Ukraine has sparked a war with unusual implications: The U.S. has stepped up sanctions and export controls. But companies are increasingly learning that the most seemingly innocuous products can find themselves in “dual use,” as a product for daily life and a product for war. A gyroscope ...
ESG goes beyond politics: Vendor management, forced labor, sustainability
ESG is no longer in vogue. But its issues still are.
Forced labor risks push global supply chains into compliance crosshairs
An increasing number of regulations worldwide regarding human rights due diligence, especially concerning forced labor and child labor, are relevant for any company that is serious about running an ethical business supply chain, experts say.
CPE Webcast: Adapting to Global Regulatory Change and Supply Chain Disruption in 2025
Wondering how new approaches to age-old regulations affect ethical business practices across your extended enterprise? What about how tariffs may impact your supply chain integrity, and how to best adapt your organization to accelerated shifts in business practices?
When it comes to trust, make sure to verify
The increasing efforts to fight modern slavery across the globe are getting a boost from EU rules that require companies to track and report on the issue. But compliance executives can’t lean on easy databases and automated solutions, experts increasingly say, that supply chain companies may ignore or lie to.
U.K. Employment Rights Bill promises to thwart forced labor through new consolidated regulator
For the past decade, the United Kingdom has tried to make companies more directly accountable for forced labor in their supply chains. But lawyers warn that the government’s latest plans to beef up protections against worker violations risk being heavily watered down and poorly policed by regulators.
White House, BIS attempt to strengthen AI chip export controls in final days of Biden presidency
In tandem with the Commerce Department’s Bureau of Industry and Security, the Biden administration issued a new rule on export controls of domestically produced artificial intelligence chips.
Top 5 risks for 2025: U.S. uncertainty, global trade war, digital attacks
A prominent risk management firm has issued its predictions for the top five risks for business in 2025, along with guidance for how organizations should prepare and respond.
U.K. Employment Rights Bill triggers debate over flexibility vs. exploitation
Contract workers’ rights are in the spotlight in the U.K. and some EU countries as governments seek to end exploitative practices by eliminating zero-hours contracts, much to the chagrin of some business leaders.
What’s your risk appetite? EU firms grapple with ‘ridiculously complex’ ESG reporting rules
Discussions on the increasingly complex ESG rules in the EU were the crux of some conversations at Compliance Week Europe, a two-day conference in Amsterdam Oct. 15-16. The event brought together Compliance Week and its sister organization, the International Compliance Association, and more than 200 GRC professionals across industries.
New U.K. enforcement body piles pressure on sanctions evaders
Global sanctions rules are increasing rapidly, as are tools to detect and punish those who break them. In response, the U.K. government is creating a new Office of Trade Sanctions Implementation to investigate and penalize those who break sanctions rules.
Commerce Dept. unveils new supply chain risk assessment tool
The U.S. Department of Commerce unveiled a diagnostic supply chain risk assessment tool, which will “utilize a comprehensive set of indicators to assess structural supply chain risk across the U.S. economy,” the agency said.
U.K. forced labor ruling raises bar for supply chain monitoring
Companies will need to tighten up how they monitor their supply chains after a recent U.K. ruling determined that corporates could be open to money laundering charges if they fail to act in cases where they believe there is a risk of forced labor.
All hands on deck needed to get ESG disclosures right, report finds
Multiple emerging environmental, social, and governance and disclosure standards pose legal and operational risks to many companies, but also opportunities to improve reporting and get ahead of requirements, a new report found.
Risk visibility striking fear in companies onboarding new customers
A lack of risk visibility is causing companies to reject customers–and potentially lose money–over fears they might be in danger of violating rules around anti-money laundering and sanctions regulations.
French bus part supplier CBM to pay $2.4M to settle DOJ fraud allegations
A French bus parts supplier will pay more than $2.4 million in penalties, disgorgement, and restitution to settle charges that it fraudulently misled its U.S. customers about the source of some of its parts.