Posts by Matt Kelly
Compliance Risk and Collaboration Tools
Last week I spoke on a webinar about the role that compliance officers should play in helping to guide a firm’s electronic communications. After all, coronavirus has forced tens of millions to work remotely, so the use of “collaboration tools” such as Slack, Zoom, Microsoft Teams, and similar apps is soaring. Well, what are the…
Read MoreCompliance Jobs Report: Sept. 25
The Compliance Jobs Report this week has new hires at Visa, Google, and Sumitomo Mitsui, among other places. Also a bevy of promotions to note, and LRN has hired a new chief executive. We have job openings from Boston to Los Angeles, and our Meme of the Week goes out to anyone who received a…
Read MoreSEC Updates Whistleblower Awards Program
The Securities and Exchange Commission has, at long last, updated the rules for its whistleblower awards program. Among the changes: a presumption toward more generous awards at the lower end of the pay scale, restrictions on people who abuse the tipster process too often, and faster disposal of would-be tips that don’t meet the awards…
Read MoreBoom: The FinCEN Files Are Here
The anti-money laundering compliance crowd should pull out your tablets and create several free hours on your schedule today. The same investigative reporters who delivered the Panama Papers in 2016 just dropped another mammoth exposé, this time looking at 20 years’ worth of failed AML compliance at five large banks. Known as the FinCEN Files,…
Read MoreTrump Admin Targets Princeton for Diversity
The Trump Administration has opened an investigation into Princeton University and its anti-racism efforts — claiming that because Princeton officials say the university needs to do more to fight racism today, perhaps the school’s previous attestations about compliance with federal anti-discrimination law haven’t been accurate. So says a letter the Education Department sent to Princeton…
Read MoreEthisphere Launches Racial Equity Project
Business ethics research firm Ethisphere has launched a new effort to develop a social justice framework and identify best practices that companies can use to foster more equity in the workplace. Known as the Ethisphere Initiative for Equity and Social Justice, the project is a collaboration between Ethisphere’s Business Ethics Leadership Alliance and an advisory…
Read MoreCompliance Jobs Report: Sept. 18
The Compliance Jobs Report this week has compliance hiring news from Carnival Corp., Softbank, Citigroup, Seqirus, Ericsson, and elsewhere. We learned where the former CCO of the SEC just turned up, we have a very fashionable compliance job posting to note, and our Meme of the Week goes out to Winne the Pooh fans. As…
Read MoreAnother Cybersecurity Threat to Compliance
Today we circle back to enterprise cybersecurity and its role in effective corporate compliance. Why? Because researchers recently discovered a vulnerability in SAP software that lets attackers infiltrate your IT systems to steal personal data, alter financial transactions, or otherwise cause all sorts of mischief that would saddle your business with huge compliance concerns. The…
Read MoreEmployee Politics and Workplace Policy
We have an interesting item from the National Labor Relations Board this week addressing a point of workplace culture that I suspect has grown quite sore for many businesses in 2020. How much discretion do you have to fire employees for their political views? The NLRB published an advice memo on Monday about a union…
Read MoreWhen Is an Investigation ‘Joint,’ Anyway?
All you criminal procedure mavens out there might be interested in a ruling from a federal district court in New Jersey this week, where two business executives facing FCPA charges were quibbling over whether the Justice Department and the SEC conducted a “joint” investigation into their alleged crimes. Apparently that question matters because the defendants…
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