Sharp thinking about compliance, ethics, audit, and risk management
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OK, so the Justice Department has established a new division to crack down on fraud, in all of that word’s ill-defined shapes and sizes. Now compliance teams need to decipher what that means for your organization’s enforcement risk in practice, and how you might need to reconfigure your policies, procedures, and controls to keep the… The post The Justice Dept. Fraud Division Arrives appeared first…
The Compliance Jobs Report this week has new hires at Ascensus, Haleon, Chime, Coinme, TikTok, Wells Fargo, and elsewhere; plus promotions at Canaccord Genuity, Karl Storz, TD Bank, Stryker, and elsewhere. Job leads are in higher education, retirement planning, and professional basketball; and don’t forget our Meme of the Week! We gather the Jobs Report… The post Compliance Jobs Report: Aug. 14…
Love can be a risky business, as today’s news shows. The Securities and Exchange Commission just brought charges against a Texas man for alleged improper trading based on confidential information he learned from his compliance officer girlfriend, who subsequently broke up with him. The SEC announced the settled enforcement case on Wednesday against Benjamin Tesfaye,… The post Compliance, Betrayal,…
A Wisconsin company that makes commercial-grade scales and other weighing devices is paying $60,700 to settle charges that one of its overseas subsidiaries erroneously sold goods into Iran, in a neat sanctions enforcement case that demonstrates the need for clear and comprehensive compliance instructions. The U.S. Office of Foreign Assets Control announced the enforcement action… The post…
The Justice Department has renamed the Fraud Section as the White Collar and Corporate Enforcement Section, apparently to avoid confusion with the National Fraud Enforcement Division created by President Trump earlier this year. The Criminal Division of the Justice Department enacted the name change on Monday without any formal announcement; the Division simply changed the… The post Justice Dept.…
Later this week we begin another session of Compliance AI School, the joint venture that Radical Compliance and Ethena have been running all summer to teach compliance officers in a practical, hands-on way how they can use common AI tools to improve their compliance programs. I’ve noticed a few recurring themes as we’ve taught the… The post What CCOs Are Learning About AI appeared first on Radical…
The Compliance Jobs Report is full of news as always. We have a new CCO in the world of pickleball, plus other hiring news at Myriad Genetics, the Hartford, Nidec Corp., Binance, and many more; and promotions to note at GSK, ISK Americas, Sanofi, Walmart, and elsewhere. Job leads are in teaching hospitals, food, and… The post Compliance Jobs Report: Aug. 7 appeared first on Radical Compliance .
Heads up, all you corrupt CFOs and corporate accountants! The U.S. Securities and Exchange Commission has launched a new enforcement unit devoted to financial reporting and accounting fraud. The agency announced the new unit Wednesday. Rather blandly named the Financial Reporting and Accounting Unit, the team will reside within the SEC’s Division of Enforcement and… The post New SEC Accounting…
Take heart, compliance officers! Today heralds the return of Ted Lasso, perhaps the best TV show ever made about leadership and organizational culture. Ted and his merry collection of British soccer club coworkers are now back on Apple TV, three years after the show’s first incarnation concluded a splendid three-season run. In honor of this… The post Archived: Ted Lasso & Compliance appeared first…
Anti-money laundering regulators have delivered another case-study for the compliance communing, fining the U.S. subsidiary of Swiss bank UBS $125 million for persistent shortcomings in transaction monitoring and customer due diligence systems. That might sound like a banking thing, but rest assured, compliance officers in other industries: there are more lessons here than meets the… The post UBS…