Data lock

Survey: Tech key to compliance in changing data privacy landscape


Respondents to a survey from Compliance Week and Exterro largely said they were confident their organizations are meeting regulatory requirements regarding data privacy despite evidence their data retention policies and procedures are outdated.

Cash App

Report alleges Block’s Cash App facilitates fraud, disregards AML laws


Investment research firm Hindenburg Research accused financial technology payment company Block of facilitating money laundering, fraud, and scams on its platform.

exterro thumbnail 2023

e-Book: Tech’s role in changing data privacy compliance landscape

2023-03-24T06:44:00+00:00Provided by

When it comes to keeping up with data privacy regulation, organizations would be wise to adopt a more comprehensive technology solution to drive efficiency and minimize human error.


Veradigm discloses ICFR weakness related to rev rec software tool


Healthcare technology company Veradigm disclosed it expects it misstated revenue by approximately $40 million during its 2021 and 2022 reporting periods.


CPE Webcast: Building tech-enabled compliance in 2023 and beyond

2023-03-23T14:00:00+00:00Provided by

Technology and automation can help organizations move beyond manual processes and help create efficient, effective compliance monitoring programs that can scale across the business and its geographic footprint. They can also be difficult to implement.

Webull Financial

Webull fined $3M for failing to properly supervise automated trading system


The Financial Industry Regulatory Authority fined broker-dealer Webull Financial $3 million for alleged failures related to customer due diligence and processing and reporting of customer complaints.

London cityscape

U.K. moves forward with GDPR reform bill


The U.K. government formally introduced a bill to reform the country’s data privacy laws in a manner projected to save British businesses “billions.”


Ten things I’m excited for at CW National 2023


Ten weeks before Compliance Week National 2023 kicks off May 15 at the JW Marriott in Washington, D.C, CW Editor in Chief Kyle Brasseur shares what he’s looking forward to most at the annual event.

Employee monitoring

CFPB, NLRB to collaborate on monitoring employee surveillance


The Consumer Financial Protection Bureau and National Labor Relations Board pledged to share information regarding instances of improper employer use of surveillance tools and the sale of employees’ personal information.

Google HQ

​Google, Uber CCOs share approaches to data analytics


The chief compliance officers of Google and Uber offer insight into how their data analytics compliance programs have evolved amid enhanced scrutiny on use of technology from the Department of Justice.

FTC seal

FTC attorney warns of scrutiny toward AI claims in marketing


The Federal Trade Commission is keeping close watch on companies that use the term “artificial intelligence” when marketing their products.

Cloud data

Cloud ‘not a silver bullet’ for security


A panel of cyber experts and a chief compliance officer in financial services discussed the business risks, threat vectors, and vendor ‘gotchas’ associated with transitioning to a cloud provider at CW’s virtual Cyber Risk & Data Privacy Summit.


ChatGPT comes with compliance caveats, experts warn


There are downsides to every new technology, and artificial intelligence and machine learning are no exception. Experts discussed the importance for compliance professionals to understand the risks of such tools at CW’s virtual Cyber Risk & Data Privacy Summit.


Wells Fargo probed for employee use of off-channel communications


The Securities and Exchange Commission and Commodity Futures Trading Commission are investigating Wells Fargo regarding employees’ improper use of off-channel communications to conduct business and the bank’s recordkeeping of those communications.

IDology thumbnail

e-Book: Weighing risk/reward of artificial intelligence

2023-02-17T06:16:00+00:00Provided by

The need to keep pace with technology is paramount for compliance departments. Regulators have high expectations that risks are being properly managed during new tech implementation.


GDPR push for privacy by design still ‘a long way off’


Italy’s data protection authority banned U.S.-based AI chatbot creator Replika from processing the personal data of Italian users because of risks the service posed to minors and vulnerable people—the latest example of a tech company’s product running afoul of the GDPR.


Book review: Why revamping procurement benefits business—and compliance


In “Profit from the Source,” four Boston Consulting Group thought leaders argue why procurement should be shaping corporate strategy, not just supporting it. Author Daniel Weise tells Compliance Week why such a transformation would elevate compliance, too.

Allan Friedman 2 Cyber Risk 2023

CISA strategist: What is an SBOM and why it matters to compliance


Cyberattacks on software are increasing, and the best chance organizations have of protecting themselves is to know about potential vulnerabilities through a software bill of materials, CISA Strategist Allan Friedman shared at CW’s virtual Cyber Risk & Data Privacy Summit.


Amigo Loans dodges $89M fine over IT system lending lapses


Amigo Loans faced a penalty of £72.9 million (U.S. $88.7 million) after the U.K. Financial Conduct Authority found it used automated decision-making to drive sales over ensuring whether customers posed credit risks.

Societe Generale

Societe Generale says SEC probing employee off-channel comms


French bank Société Générale is the latest financial institution to be swept up in U.S. regulators’ crackdown on the use of personal cellphones and private apps by employees to conduct official business.

Treasury Department

Treasury report flags benefits, drawbacks to use of cloud services


The Treasury Department issued a report regarding the benefits and challenges associated with the use of cloud service providers by financial sector firms, finding shortcomings related to transparency, staff support, and cybersecurity incident response.

Global data

Research project leveraging collaboration to better detect corruption


Integrity Distributed has launched a collaborative research project seeking to develop anti-corruption detection technology that includes academic, technological, and corporate partners.

Business data

Experts: New AI laws pose risk of overlap with data protection mandates


Companies are at serious risk of facing multiple fines for the same offense under different sets of legislation if the artificial intelligence technologies they employ misuse personal data or cause harm to consumers, according to legal experts.

Meta building

Meta, DOJ agree on compliance targets related to fairness in housing ads


Meta and the Department of Justice agreed on the targets the technology giant must reach when delivering housing ads to customers in order to comply with federal housing antidiscrimination rules.


AML 2023 preview: Regs not backing down on beneficial ownership, tech needs


Keeping up with increasingly demanding anti-money laundering expectations in 2023 will likely mean doing more with less and figuring out where and when is the best place to use technology to aid compliance, experts say.

TSB Bank

TSB Bank fined $59.2M for governance lapses in botched IT migration


TSB Bank was fined £48.65 million (U.S. $59.2 million) by U.K. regulators after a disastrous IT migration left customers unable to access cash or use online accounts for weeks.


Compliance budgets, staffing brace for impact of recession prep efforts


Respondents to our “Inside the Mind of the CCO” survey whose businesses are anticipating an economic recession note smaller budgets and the delay of new initiatives among efforts already undertaken to cut costs.

Data Analytics

TPRM Summit: How to successfully implement data analytics


A panel of experts at CW’s virtual TPRM and Oversight Summit offered a how-to primer on using data analytics to monitor third-party risk while also highlighting some caveats to implementation.


Five compliance triumphs from 2022


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.

Compliance_Fails_2022 Main Art_index

Top ethics and compliance failures of 2022


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.

Sayari beneficial ownership thumbnail

e-Book: Effective beneficial ownership searches leverage technology

2022-12-06T05:39:00+00:00Provided by

Determining the ultimate beneficial owner of individuals and companies your firm does business with can be a tricky thing.


April 11 | Cutting through content complexity to create a culture of compliance

2022-11-20T03:30:00+00:00Provided by

Is automation the key to content compliance success? Could emerging technologies like AI break the mold; do they pose a threat or an opportunity to content compliance?


Treasury recommends more oversight for bank-fintech relationships


A new Treasury report found as the trend of nonbank fintech companies providing financial services in partnership with regulated entities continues to grow, regulators need to increase oversight of these relationships to curb the risks they pose.


SEC investigating Apollo Global, Carlyle Group, KKR for employee off-channel communications


Three private equity firms have disclosed they are under investigation by the Securities and Exchange Commission (SEC) for having allowed employees to use unauthorized communication channels like WhatsApp and WeChat to conduct company business.


CW Europe: Compliance challenges in 2023 and beyond will look a bit different


Dealing with risks relating to artificial intelligence; diversity, equity, and inclusion; and shortfalls in staff, training, and expertise are set to be among the biggest challenges for compliance officers in 2023 and the years ahead, say practitioners.


Automation can improve AML compliance but won’t replace human touch


While automation has the potential to transform anti-money laundering compliance, it will not replace the human practitioners relied upon to get investigations to the finish line, experts discussed at the ACAMS annual conference in Las Vegas.

OCC sign

New OCC office to supervise fintechs


The Office of the Comptroller of the Currency will heighten its focus on the financial technology space with the creation of a new department in early 2023.

France privacy

French DPA latest to fine Clearview AI over GDPR violations


France’s CNIL became the fourth European data protection authority this year to fine Clearview AI over its controversial facial image aggregation practices, matching a pair of its counterparts with a €20 million (U.S. $19.6 million) penalty.

Employee monitoring

ICO guidance stresses importance of reasoning in employee monitoring


The U.K. Information Commissioner’s Office issued draft guidance to help ensure employers’ monitoring of staff performance does not turn into surveillance or harassment.

mirato 300x200

CPE Webcast: AI for TPRM - What you need to know to stay ahead

2022-10-18T11:00:00+01:00Provided by

Artificial intelligence is no longer the stuff of science fiction. It has already transformed transportation, marketing, and retail, to name a few areas. It is also driving the most meaningful shift third-party risk management has experienced since its inception.


AI monitoring benefits must be weighed against employee skepticism


The EU’s agency for occupational safety and health released a report examining the risks and opportunities of AI-based worker management systems for employee’s physical and mental wellbeing.

Europe technology

Experts: EU Cyber Resilience Act puts pressure on tech developers, users


The EU’s proposed Cyber Resilience Act primarily puts pressure on tech manufacturers to ensure the cybersecurity of their products, but companies also have a duty of care to use the most secure products available.

wolters kluwer 300x200

CPE Webcast: Top 10 compliance management considerations for 2023

2022-09-29T14:00:00+01:00Provided by

Learn how increased automation and data intelligence in regulatory compliance operations enables the realization of compliance technology value while mitigating ongoing compliance risks in 2023.

Bank of America

Compliance deficiencies highlighted in $1.8B crackdown on messaging apps


Eleven banks, investment firms, and their affiliates will pay a total of more than $1.8 billion in fines for “widespread and longstanding failures” in monitoring, maintaining, and preserving electronic communications by employees.

ICA Virtual Assets 1200x800

e-Book: Managing regulatory, financial crime compliance risks of virtual assets

2022-09-28T14:36:00+01:00Provided by

This free e-Book considers the new opportunities the virtual asset space has opened, as well as the risks deriving from criminal exploitation and a lack of regulatory oversight in this burgeoning area.

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.

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.