Here’s a cybersecurity fiasco for our AI-drenched times: consulting firm McKinsey recently scrambled to fix security flaws in its in-house AI system that were discovered by a lone cybersecurity sleuth, who gained access to millions of internal messages and confidential client files. The Financial Times reported the story on Thursday, and everything about this tale…
The Compliance Jobs Report this week has new hires at Chipotle, Total Wine & More, University of Pennsylvania, Coinbase, SoFi, and lots of other places. KPMG is building up its ethics and compliance function; promotions to note at Nvidia, Ivy Rehab, Kennesaw State, and elsewhere. Job leads are in banking, construction, and higher ed. We…
More internal audit teams are facing budget cuts and staff reductions these days, and plenty of teams are still bogged down in SOX compliance and assurance rather than doing the fun stuff like advising senior leaders on risk, according to a report released by the Institute of Internal Auditors. The IIA released its 2026 North…
Another day, another corporate enforcement pronouncement from the U.S. Justice Department. This time the memo comes from the Criminal Division, which again repeats the mantra, “If you companies should self-disclose, cooperate, and remediate, we won’t prosecute you!” but there are a few nuances that compliance officers will want to consider. The Justice Department announced the…
Senate Democrats have proposed extending the statute of limitations on FCPA violations from five years to ten, a political stunt that’s likely to go nowhere, but reminds businesses nevertheless that corruption violations you engage in today could still bite you in the corporate rear end long after the Trump 2.0 Administration is gone. A who’s…
Anti-money laundering enforcement is happening! U.S. regulators just hit Canadian financial services giant Canaccord Genuity with a record-breaking $80 million fine for an AML compliance program that failed in all sorts of ways. Other AML compliance professionals will want to dig into the case and ponder the many lessons to learn. The Financial Crimes Enforcement…
One crucial element of success for a compliance officer that we don’t discuss often enough is how you can develop the skills of the rest of your compliance team. So when I had the privilege of moderating a webinar on that subject the other week, I took lots of notes. I pass them along now…
This week the Compliance Jobs Report has hiring news at Peloton, Mr. Beast, Netflix, Coinbase, Liberty University, and lots more. Goodyear has promoted someone into the CCO role, and we have other promotion news at General Motors, BeOne Medicines, and elsewhere. Job leads are in life sciences, real estate, and tires! We also take any…
Heads up, all you compliance officers responsible for competition, cartel, and procurement fraud risks: one of the Justice Department’s top antitrust prosecutors says the department’s new whistleblower rewards program is going great, with the express intention of piling more pressuring onto companies to self-disclose violations more quickly. Daniel Glad, acting deputy assistant attorney general, made…
Who says artificial intelligence is erasing all the jobs for compliance and internal audit professionals? Not the anti-fraud crowd, apparently! A survey of more than 1,000 anti-fraud leaders finds the vast majority of them plan to increase their use of AI and their human staffing, mostly because AI is revealing just how much fraud they…
