Surveys & Benchmarking


Sanctions compliance TPRM

Premium

Panelists break down robust sanctions landscape at TPRM Summit

2024-06-12T02:35:00+01:00By

Sanctions compliance officers face myriad challenges as complex geopolitical situations heighten risks worldwide, experts discussed during Compliance Week’s Third-Party Risk Management & Oversight Summit.

Bank AML

News Brief

FinCEN BSA data: Fraud, money laundering top suspicious activities

2024-06-10T09:43:00+01:00By

The Financial Crimes Enforcement Network published its latest collection of Bank Secrecy Act data, including number and type of suspicious activity reports.

WIC_1

Premium

Experts: AI risk mitigation second nature for compliance professionals

2024-06-07T22:34:00+01:00By

Compliance has been “sleeping on” artificial intelligence, two panelists discussed at Compliance Week’s Women in Compliance Summit. The profession should be positioned to lead on AI governance at the business level.

Gurbir Grewal SEC 3x2

Premium

SEC’s Grewal shares views on ‘Five Principles of Effective Cooperation’

2024-05-30T16:13:00+01:00By

Gurbir Grewal, director of the Enforcement Division at the Securities and Exchange Commission, spelled out plainly his view on the best path to earning cooperation credit during settlement negotiations with the agency.

Messaging apps

Premium

Survey: Social media remains vexing issue for financial firms

2024-05-21T12:45:00+01:00By

A recent survey by surveillance technology firm SteelEye found most financial institutions do not monitor their employees’ use of social media or factor in market risks exacerbated by social media posts.

Cybersecurity icons

Premium

Survey: Public companies fear added cyber risks from SEC disclosures

2024-05-14T12:00:00+01:00By

Large public companies say they are prepared to comply with the disclosure requirements of the SEC’s new cybersecurity incident rule, according to a survey conducted by Compliance Week and DLA Piper, but concerns exist that those reports could enhance the threat of future cyberattacks.

CW2024_TPRM_Session

Premium

CW2024 panel: TPRM board buy-in earned through impact, activity

2024-05-08T15:48:00+01:00By

Identifying critical measures for third-party risk management has become vitally important as risk professionals face an uphill battle in fighting for resources, experts discussed at Compliance Week’s 2024 National Conference.

Working with AI

Podcast

Podcast: Responsible development and implementation of AI

2024-05-08T13:06:00+01:00By

Three experts join the Compliance Week podcast to discuss opportunities and risks posed by artificial intelligence, as well as governance frameworks your organization can implement to ensure AI tools are utilized safely and ethically.

Cyber-security

Premium

Report: Human error driving growing number of data breaches

2024-05-07T21:21:00+01:00By

Verizon’s annual data breach report shows trends in cybersecurity incidents, including more ransomware and extortion attacks last year.

Microsoft store

News Brief

Microsoft report describes its artificial intelligence safety efforts

2024-05-06T20:23:00+01:00By

Microsoft published a public report covering its artificial intelligence endeavors and steps it is taking to make the controversial technology safe.

AI transformation

Premium

Survey: Compliance digital transformation hampered by data access, AI concerns

2024-05-06T09:45:00+01:00By

Few compliance teams describe their access to company data as “robust,” according to a new survey conducted by Compliance Week and NAVEX, while apprehension toward the adoption of artificial intelligence remains a hurdle for the profession to clear.

navex thumbnail

Resource

Survey Report: The digital transformation of compliance

2024-05-02T01:46:00+01:00Provided by

A new survey conducted by Compliance Week and NAVEX on compliance team access to data and the use of artificial intelligence (AI) to analyze it found many compliance professionals lack full and transparent access to their firm’s data.

KPMG

News Brief

​PCAOB removes redactions on 2022 KPMG inspection

2024-05-01T15:57:00+01:00By

The Public Company Accounting Oversight Board published the full results of its 2022 inspection for Big Four firm KPMG after its initial report contained more than two dozen redactions.

Business liability

Premium

CCO liability: How to protect your compliance career

2024-05-01T14:00:00+01:00By

Despite significant issues outside the control of most chief compliance officers, some regulators have signaled more individual liability cases are to be expected. Will accepting the wrong job, in hindsight, make it your last?

navex 2024 300x200

Webcast

CPE Webcast: Unveiling survey results on future-proofing compliance

2024-04-25T01:00:00+01:00Provided by

Uncover the challenges and opportunities that lie ahead and gain crucial insights to navigate the integration of artificial intelligence and advanced data analytics into your programs.

ESG vector

Premium

Report: Poor awareness of supply chain disclosure regs leaving firms exposed

2024-04-23T15:44:00+01:00By

Compliance failures in the supply chain are hampering organizations’ efforts to implement environmental, social, and governance initiatives and meet disclosure requirements, according to a new report by U.K. law firm Burges Salmon.

Mary_Shirley_Day_1

Premium

CW2024 mentors explain why ‘in compliance, you’re never an island’

2024-04-22T20:15:00+01:00By

Mary Shirley is always looking for innovative ways to spur conversation, sharing, and crowdsourcing among compliance professionals. Her workshop at Compliance Week’s 2024 National Conference was no different.

CW2024 IT and Compliance

Premium

Intersection of compliance, IT one of opportunity

2024-04-18T20:42:00+01:00By

With senior-level decisions on technology only increasing in frequency as new tools rapidly evolve, a panel at Compliance Week’s 2024 National Conference agreed compliance must consider the opportunities available to influence those conversations.

DOJ building

News Brief

Proterial Cable America earns DOJ declination in apparent fraud case

2024-04-16T19:30:00+01:00By

Proterial Cable America received a declination notice from the Department of Justice related to its voluntary self-disclosure and remediation of apparent fraud committed by its employees.

Gurbir Grewal SEC 3x2

Premium

SEC’s Grewal: General compliance principles for avoiding AI washing

2024-04-16T19:09:00+01:00By

Gurbir Grewal, director of the Securities and Exchange Commission’s Division of Enforcement, laid out general principles for “proactive compliance” to avoid making false or misleading claims about the capabilities of artificial intelligence products and services.

june27

Webcast

June 27 | Real-life reactions to current corporate reporting landscape

2024-04-16T16:41:00+01:00Provided by

In this session we will discuss the current state of financial and nonfinancial reporting and recent survey findings from Workiva about how attitudes on integrated reporting are evolving.

CW2024 building compliance

Premium

‘You have to sell compliance’: Tips for building compliance programs from scratch

2024-04-12T18:11:00+01:00By

A panel of experienced compliance professionals shared the various approaches they took to build compliance programs from the ground up at Compliance Week’s 2024 National Conference.

Koenig_DOJ_SEC_Day2

Premium

JBS CECO on overcoming ‘fear, anxiety, and chaos’ of taking job post-FCPA settlements

2024-04-12T14:57:00+01:00By

Mike Koenig explained at Compliance Week’s 2024 National Conference how he helped rebuild JBS Foods’ compliance department following Foreign Corrupt Practices Act settlements with the Department of Justice and Securities and Exchange Commission.

CW2024 ITM

Opinion

Highlights from Compliance Week 2024

2024-04-11T13:00:00+01:00By

Compliance officers took to the main stage to share their experiences at Compliance Week’s 2024 National Conference, while other highlights included conversations around artificial intelligence and the modern challenges the industry is confronting.

CW2024 Compliance Value

Premium

Data, consumer support key to conveying value of compliance

2024-04-09T11:39:00+01:00By

Presenting data to the board and providing examples of positive consumer response to ethical decision-making help compliance departments demonstrate value beyond keeping an organization in line with rules and regulations, experts discussed at Compliance Week’s 2024 National Conference.

CW2024 leadership panel

Premium

CW2024 leadership panel on navigating scrutiny, prep for more change

2024-04-08T12:34:00+01:00By

The global political landscape should be high on the risk radar of compliance officers in 2024, according to compliance leaders speaking at Compliance Week’s 2024 National Conference, along with increased regulatory scrutiny toward forced labor, ESG, and M&A.

CW2024 women brunch

Premium

CW2024 women’s brunch panel: Five steps from compliance to the board

2024-04-05T20:45:00+01:00By

So, you think it might be fun to sit on a board someday. Panelists shared misconceptions to unlearn, factors to consider, and preparatory steps to take before rehearsing one’s board pitch during the women’s brunch held at Compliance Week’s 2024 National Conference.

CW2024 McBride

Premium

Ex-Albemarle CCO shares drivers behind data analytics success at CW2024

2024-04-04T00:41:00+01:00By

Former Albemarle CCO Andrew McBride explained at Compliance Week’s 2024 National Conference how he led the company’s compliance department to remediate the issues that led to apparent FCPA violations and how the team used data analytics to assess risks and implement compliance solutions.

IMG_2367_KB

Premium

CW2024 keynote tackles fundamentals of fraud detection

2024-04-03T04:34:00+01:00By

“If you want to start to know who’s lying to you, all you got to do is pay attention differently,” advised body language expert Traci Brown during her opening keynote at Compliance Week’s 2024 National Conference.

Oilfield

Premium

DOJ commodities trader FCPA sweep offers lessons in cooperation

2024-04-02T13:33:00+01:00By

The value the Department of Justice places on cooperation can be measured by studying penalties and agreements resulting from the agency’s long-running investigation into bribery and corruption by oil traders operating in Latin America and Africa.

AI Act

Premium

Need to know: How AI Act sets tone for AI regulation

2024-04-01T13:22:00+01:00By

The European Union’s AI Act follows a risk-based approach: the higher the risk the artificial intelligence poses, the stricter the rules. Understanding each category is key to compliance.

Whistleblower vector

Premium

NAVEX whistleblower report finds third parties lead on business integrity

2024-03-27T21:27:00+00:00By

A new report on corporate whistleblowing and hotline trends in 2023 found reporting volume at an all-time high, with key disparities uncovered between reports filed by third parties and those filed by employees.

Epstein case study cover 3x2

Premium

Chapter 4: Investigations into misconduct: What banks can do

2024-03-21T16:00:00+00:00By

Both JPMorgan Chase and Deutsche Bank retained their respective Jeffrey Epstein relationships for too long. Yet, there is a case to be made for why exiting a high-risk relationship too soon can become an inverse form of recklessness.

ESGReporting

Premium

Experts: Legal noise around SEC climate disclosure rule no excuse for standing still

2024-03-20T16:03:00+00:00By

Legal experts are advising their public company clients to move forward with plans to comply with the SEC’s climate-related disclosure rule, despite lawsuits and other challenges being brought against the controversial policy in the aftermath of its approval.

Epstein case study cover 3x2

Premium

Chapter 3: Egregious failures: Customer due diligence and transaction monitoring

2024-03-20T16:00:00+00:00By

Why did JPMorgan Chase retain Jeffrey Epstein for more than a dozen years? How did the relationship persist despite glaring red flags? The “why” is straightforward; the “how” is more complicated.

Epstein case study cover 3x2

Premium

Chapter 2: KYC shortfalls: JPMorgan and Deutsche Bank’s onboarding of Epstein

2024-03-19T16:00:00+00:00By

Jeffrey Epstein’s designation as a high-risk client should have subjected him to enhanced due diligence that never appeared to occur, most notably at Deutsche Bank. Instead, Epstein was allowed to continue his misconduct despite numerous red flags.

Epstein case study cover 3x2

Premium

Chapter 1: Compliance v. complicity: The ‘underbelly’ of bank culture

2024-03-18T16:00:00+00:00By

Why were decisions made the way they were at the banks that serviced Jeffrey Epstein? Evidence points to a cultural tension: a tug-of-war between the allure of profit and the drag of compliance, with the former having all the pulling power.

Supply chain

Premium

Policy changes underscore need for enhanced child labor due diligence

2024-03-18T13:20:00+00:00By and

Rooting out potential child or forced labor violations in your company’s supply chain can have benefits beyond protecting reputation and being ethically sound. The process can also help your firm comply with pending child labor laws in other jurisdictions.

Climate change ideas

Premium

Study: Climate transition impact reporting still lacking

2024-03-14T14:15:00+00:00By

Large polluters are failing to account for climate change impact and adaptation, but policymakers need to harmonize disclosure requirements to drive coherent action.

Business collaboration

Premium

Want to be an ethical supply chain influencer? It’s all about the ‘collab’

2024-03-13T12:10:00+00:00By Gwendolyn Hassan, CW guest columnist

Supply chain and ethics and compliance professionals could take a page out of the social media influencer playbook and look to collaborate with suppliers more to create their own win-win scenarios.

Department of Labor

Premium

DOL seeking more authority in crackdown on child labor violations

2024-03-12T16:56:00+00:00By

The Department of Labor has stepped up its enforcement of child labor law amid a concerning rise in child labor exploitation, yet the agency acknowledges its resources are not great enough to be a significant deterrent for such misconduct.

Child labor

Premium

Child labor violations are on the rise in U.S. Are they in your supply chain?

2024-03-11T16:31:00+00:00By

The compliance community has not been spending time addressing a problem mistakenly thought to be a rarity: The proliferation of child labor violations occurring in the United States.

Koenig_web

Article

CW National 2024 Q&A: JBS CECO on compliance post-settlement

2024-03-08T15:17:00+00:00By

Michael Koenig, global chief ethics and compliance officer at JBS Foods, previews his session on rebuilding the compliance department following settlements with the Department of Justice and Securities and Exchange Commission at CW’s National Conference in Washington, D.C.

Data sharing

Premium

FTC ‘will not stand for’ misuse of browsing, location data

2024-03-07T22:33:00+00:00By

The Federal Trade Commission is amid a crackdown on businesses misusing browsing and location data that provide enough information to be used to identify nonconsenting consumers.

2022-pcaob-inspection-reports

Premium

PCAOB 2022 inspection reports: Big Four setbacks; KPMG redacted

2024-03-07T15:31:00+00:00By

Three of the Big Four audit firms saw increases to the deficiency rates observed in their latest Public Company Accounting Oversight Board inspection reports, while KPMG had its results redacted.

Business ethics

Premium

Best practices for determining need for a human rights policy

2024-02-29T13:21:00+00:00By

Does your business need a human rights policy? An increasing number of organizations believe they do, according to research firm Gartner.

Walmart

News Brief

Walmart shares successes behind supplier emissions reduction initiative

2024-02-27T12:25:00+00:00By

Retail giant Walmart announced the completion of an initiative to reduce emissions in its supply chain six years earlier than its intended target.

Working two jobs

Premium

Compliance’s role in managing challenges related to employee side hustles

2024-02-26T15:00:00+00:00By Camelia Gardot, CW guest columnist

Employees engaging in side businesses—part-time jobs or new company creations—can introduce a myriad of risks for a company.

DOJ wall

Premium

DOJ official: Expect more cybersecurity false claim enforcements

2024-02-23T14:05:00+00:00By

The announcement of a record year in several areas of False Claims Act enforcement at the Department of Justice was accompanied by a warning that more significant cases are coming, particularly regarding cybersecurity-related claims.

Employee relations

Premium

Experts: No easy fix for U.K. senior manager accountability shortcomings

2024-02-23T12:22:00+00:00By

Legal experts generally agree the U.K.’s record for prosecuting board-level executives for financial and economic crime could be better. But some believe there is a problem criticizing poor enforcement when the legislation in place has its own shortcomings.