Bank Regulator Props Up Energy Lending


The Trump Administration is trying to push through a rule that would neuter banks’ ability to consider ethics and reputation issues when offering services — a kiss to the oil & gas industry, and one that would undermine banks’ ability to consider social and ethical factors when evaluating business relationships. The Office of the Comptroller…

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Compliance Jobs Report: Nov. 20

compliance jobs

This week the Compliance Jobs Report has new hires at Augusta University, Bittrex, Fanatics, and several community banks, plus a flock of internal promotions. A compliance vendor just raised a boatload of capital, and we have job openings to note in boxes and banking. And our Meme of the Week! As always, thank you to…

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SEC Warning on Insider Stock Sales


Two top officials at the Securities and Exchange Commission warned this week that companies should pay more heed to the policies they use to govern senior executives’ stock sales, to prevent even the appearance of impropriety when an executive is selling shares.  The comments came from Bill Hinman, director of the Division of Corporation Finance,…

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OECD Praises U.S. on FCPA


You know those progress reports the OECD publishes from time to time about the anti-corruption enforcement among countries around the world? Well, the group just published its latest report on the United States and gave the country generally high marks.  That should come as no surprise to compliance officers, who have witnessed the U.S. government’s…

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More on Biden, Compliance, and 2021


Today we pivot back to the incoming Biden Administration and what corporate compliance officers should anticipate as we all plan budgets and priorities for 2021. We have more insight now into who might lead important regulatory agencies under President Biden, and into what policy goals or enforcement efforts a Biden Administration would be able to…

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SEC Charges Wells Fargo Execs

wells fargo

The Securities and Exchange Commission has charged two former top executives at Wells Fargo with misleading investors about the bank’s financial performance — the latest chapter in the endless saga of regulators trying to hold Wells Fargo folks accountable for the bank’s disastrously bad behavior.  The SEC charged John Stumpf, who had been CEO of…

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Compliance Jobs Report: Nov. 13

compliance jobs

Another big Compliance Jobs Report this week. We have people leaving Etihad Airways, FirstEnergy, Duke University, and elsewhere; promotions at Endo, Citigroup, and Smucker’s, to name a few. New people hired at Ares Management, COPEC, and more. Plus our usual job openings of note and our Meme of the Week. As always, thank you to…

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Gasp! A Compliance Conference!


Compliance officers, we need to talk. Something amazing just happened. It happened thousands of miles away from most of us, in the windswept city of Wellington, New Zealand. There, the New Zealand Financial Intelligence Unit — the country’s chief anti-money laundering agency, roughly equivalent to FinCEN here in the United States — held a compliance…

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New Guidance From COSO, SCCE 


COSO and the Society of Corporate Compliance & Ethics released guidance today about how to integrate corporate ethics and compliance concerns into a company’s larger risk management program, complete with a list of best practices for compliance programs mapped to COSO’s enterprise risk management framework. It’s a useful document for people who like to think…

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Ethics and Employee Surveillance


We have an interesting bit of research for compliance officers’ consideration today, exploring how companies can implement surveillance of employees working from home in a useful manner. Taking an ethical approach to the endeavor seems to be a key ingredient for success.  The findings were reported in the MIT Sloan Management Review last week. Researchers…

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