SEC Reminders on Identity Theft

identity theft

The Securities and Exchange Commission has published a review of financial firms’ identity theft programs, in case anyone is looking for helpful hints and tips on how to strengthen your own program. Most of the SEC’s advice, however, boils down to a company sincerely thinking about its risks here. The advice came in the form…

Read More

Analyzing ABB’s Third-Time FCPA Case

ABB

Swiss industrial giant ABB settled its third FCPA case on Friday, in an enforcement action that generally offers good news for compliance officers but still upends the assumptions we’ve made lately about recidivist offenders and the punishments they’ll face. ABB agreed to pay $460 million in civil and criminal penalties and accepted a three-year deferred…

Read More

Compliance Jobs Report: Dec. 2

compliance jobs

The Compliance Jobs Report never stops! This week we have personnel updates at Diebold, PwC, Airbus, T-Mobile, and many more. Also a few workplace anniversaries to note; job leads in pharma, tractors, and subways; and Meme of the Week goes out to tight budgets.  As always, thank you to all the compliance people sending me…

Read More

Justice Dept. Rehashes FCPA Efforts

fcpa

All you compliance professionals who like to hang on every word the Justice Department utters, pull up a chair! One of the department’s senior officials delivered a speech in Washington today that recapped all the messages we’ve heard this year. Nicole Argentieri, acting principal deputy assistant attorney general (the APDAAG? Have the acronyms in our…

Read More

More Compliance Lessons From Elon

compliance

Elon Musk is the gift that keeps on giving, providing one example after another of how an executive can blunder forward without considering — or maybe just ignoring, who really knows — the ethics and compliance implications of his or her decisions. What lesson does the chief twit offer now? Read on. The immediate news…

Read More

Compliance Jobs Report: Nov. 25

compliance jobs

Of course we have a Thanksgiving edition of the Compliance Jobs Report! As you digest all that turkey, peruse our updates from TikTok, Twitter, Oxford University Press, Boston Scientific, Superior Energy, and many more. Job leads this week in banking, broadcasting, and medical waste; and lots more news too. As always, thank you to all…

Read More

The One Super-Big Lesson of FTX

FTX

People keep asking me what lessons the compliance and audit community might learn from the spectacular collapse of cryptocurrency platform FTX Corp. The more I contemplate FTX’s shortcomings, however, the more I believe the answer to that question is simply “all of them.”  Just read the bankruptcy petition filed on Nov. 17 by newly named…

Read More

Mental Health and Compliance Officers

mental health

There is a mental health crisis in the U.S. workforce today, which I suspect is not news to compliance officers. So when I had the privilege to moderate a webinar on how mental health issues can affect corporate culture and compliance officers themselves, I took detailed notes.  First, we need to clarify what we mean…

Read More

Compliance Jobs Report: Nov. 18

compliance jobs

Another big Compliance Jobs Report this week! Compliance hires at Dollar Tree, Syneos Health, Wing, Remitly, and more; promotions from CCO to general counsel at Buzzfeed and American Financial — and one audit professional under arrest! We also have work anniversaries to note, and job leads in healthcare, education, and girls’ empowerment. As always, thank…

Read More

Getting a Better Grip on IT Controls

controls

Today I want to circle back to last week’s collapse of cryptocurrency exchange FTX. One allegation is that FTX’s now-former CEO, Sam Bankman-Fried, engineered a “back door” into the company’s financial systems so that he could execute transactions without review. My question: would an audit of internal controls over financial reporting catch something like that? …

Read More