whistleblower

Last week the Securities and Exchange Commission doled out a $50 million whistleblower award, the second-largest award given in the award program’s 10-year history. The money, however, isn’t the telling detail in this case. The telling detail is that the award went to two whistleblowers, who worked together to bring a misconduct case to the…

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compliance jobs

Another gut-busting Compliance Jobs Report this week! We have news from the regulatory world, the head of compliance at Walmart leaving, a bunch of compliance moves in the healthcare world, some job openings to note — and our first-ever compliance officer sex tape scandal! As always, thank you to all the compliance people sending me…

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Another day, another report looking at challenges of third-party risk management. This time the report is from software firm Prevalent, and it’s worth some attention for the conflicting perceptions about third-party risk that it calls out. Foremost, the report is interesting because it defines third-party risk as a cybersecurity and supply chain issue, rather than…

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covid

Well this is nothing to sneeze at: OSHA inspectors just threatened the owner of a Massachusetts tax preparation firm with a $136,000 fine for prohibiting her employees from wearing masks on the job. It’s the largest fine OSHA has ever proposed for poor COVID-19 practices, and far larger than anything we saw during the Trump…

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fraud

Looking for some benchmarking data for how you should structure your anti-fraud training program and what it should contain? Fear not, a new survey from the Association of Certified Fraud Examiners has you covered.  The ACFE published its survey over the weekend, after polling more than 1,700 anti-fraud professionals around the world earlier this year.…

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compliance jobs

Largest-ever Compliance Jobs Report this week! We have a few new hires in the payments world, new hires at Levi Strauss, Cummins, Instacart, Northwestern Mutual, Uber, and the folks who make Purell; and lots more. Job openings in cable TV, insurance, and animal health technology, plus our Meme of the Week. As always, thank you…

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cybersecurity

We have another report on cybersecurity threats this week, one that demonstrates just how difficult it is for large organizations to address this risk effectively — because while the vulnerabilities themselves are squarely a CISO’s concern, the damage they can cause is very much a regulatory compliance problem. The report comes from Onapsis, a cybersecurity…

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inspection

The PCAOB plans to shake up how it will inspect audit firms this year, with a specific focus on how the pandemic has challenged financial reporting and audit risks and a promise to “reduce the predictability” of this year’s inspections.  The agency published a staff alert on Tuesday outlining its priorities for 2021 inspections, so…

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Credit Suisse

Today in news that should surprise nobody: Credit Suisse is mulling whether to remove its chief risk and compliance officer, after months of the Swiss bank stumbling from one surprise scandal to another.  The executive in question, Lara Warner, has been in that combined risk and compliance role since Credit Suisse consolidated the two functions…

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voter suppression

I’ve long said that the standard corporate response to looming new legislation or regulatory moves is first to do nothing; then scramble and panic once the legislation or regulation comes to pass. Now we see Corporate America has held true to that strategy yet again, in response to Georgia’s voter suppression law.  By now you…

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