Posts by Matt Kelly
U.K. SFO Guidance on Compliance Programs!
Good news for compliance officers looking for an excuse to avoid awkward family conversation at Thanksgiving: the U.K. Serious Fraud Office just issued new guidance on when and how the agency will evaluate corporate compliance programs. The SFO issued the guidance on Wednesday. It outlines six scenarios where SFO prosecutors might decide they need to…
Read MoreCall for More Corporate Disclosure on AI
An advisory committee to the Securities and Exchange Commission will meet next week to consider whether publicly traded companies should be required to disclose more about artificial intelligence, such as whether boards have formal oversight of AI and what the company believes its material AI risks are. The proposals come from the SEC Investor Advisory…
Read MoreMore Frustrations on Finding a Job
Today we return to the state of the job market for compliance professionals. Searching for a job these days is typically a long and frustrating experience, and I wanted to pass along another tale from a job-seeker that I think speaks volumes about why that is. This comes from an accomplished mid-career compliance officer who…
Read MoreCompliance Jobs Report: Nov. 21
This week the Compliance Jobs Report has new hires at Convatec, Wise, TikTok, Zoll Medical, Fidelity Investments, and elsewhere; plus departures at Volkswagen and Raytheon. A bunch of promotions to note too, as well as job leads in credit cards, pharmaceutical sales, and higher education. Meme of the Week goes out to Ye Olde AI…
Read MoreInternal Audit in Tumultuous Times
Good news for internal auditors who feel overwhelmed, under-resourced, and frustrated that not enough people at your organization value your opinion — you’re not alone. GRC software vendor AuditBoard published a report last week that surveyed more than 200 internal audit leaders around the world, and apparently those feelings of existential dislocation are par for…
Read MoreCorporate Compliance and ‘Cartel Risk’
Last week I moderated a webinar on Latin American drug cartels, and where “cartel risk” is or isn’t similar to the corruption risks that compliance teams have worried about for years. Perfect timing! That same week, the Justice Department settled an FCPA case where drug trafficking was one element of the story. Let’s review the…
Read MoreMillicom FCPA Settlement, Part II
Today we return to that FCPA enforcement action last week against Millicom, which paid $118.2 million to settle criminal charges of bribery and corruption in Guatemala in the 2010s. The filings in the case have been unsealed, and they raise a few points worth compliance officers’ attention. First, a quick recap for those who missed…
Read MoreCompliance Jobs Report: Nov. 14
This week the Compliance Jobs Report includes some regional CCO hires at Walmart, a new CCO at the troubled Australian stock exchange, and more news from Google, Cooper Companies, McKinsey, Penn State, and lots more. Job leads are in semiconductors, artificial intelligence, and life insurance; Meme of the Week goes out to the Epstein Files.…
Read MoreThoughts on Job-Seeking and Referrals
The other day I heard from a friend who has been a corporate auditor for many years. She recently landed a new job as head of internal audit at a respectable and stable company, presumably with a respectable and stable salary too. So I asked her: How’d you get that job, anyway? After all, I’ve…
Read MoreFCPA Enforcement Is Happening!
Who says FCPA enforcement has flat-lined under the Trump Administration? Well, pretty much everyone, including the Administration itself — but apparently not! Prosecutors settled FCPA charges on Monday with Millicom Cellular, which is paying $118.2 million and entering a two-year deferred-prosecution agreement for corruption payments in Guatemala. The news comes from Millicom itself, which issued…
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