Posts by Matt Kelly
Ethisphere Launches Racial Equity Project
Business ethics research firm Ethisphere has launched a new effort to develop a social justice framework and identify best practices that companies can use to foster more equity in the workplace. Known as the Ethisphere Initiative for Equity and Social Justice, the project is a collaboration between Ethisphere’s Business Ethics Leadership Alliance and an advisory…
Read MoreCompliance Jobs Report: Sept. 18
The Compliance Jobs Report this week has compliance hiring news from Carnival Corp., Softbank, Citigroup, Seqirus, Ericsson, and elsewhere. We learned where the former CCO of the SEC just turned up, we have a very fashionable compliance job posting to note, and our Meme of the Week goes out to Winne the Pooh fans. As…
Read MoreAnother Cybersecurity Threat to Compliance
Today we circle back to enterprise cybersecurity and its role in effective corporate compliance. Why? Because researchers recently discovered a vulnerability in SAP software that lets attackers infiltrate your IT systems to steal personal data, alter financial transactions, or otherwise cause all sorts of mischief that would saddle your business with huge compliance concerns. The…
Read MoreEmployee Politics and Workplace Policy
We have an interesting item from the National Labor Relations Board this week addressing a point of workplace culture that I suspect has grown quite sore for many businesses in 2020. How much discretion do you have to fire employees for their political views? The NLRB published an advice memo on Monday about a union…
Read MoreWhen Is an Investigation ‘Joint,’ Anyway?
All you criminal procedure mavens out there might be interested in a ruling from a federal district court in New Jersey this week, where two business executives facing FCPA charges were quibbling over whether the Justice Department and the SEC conducted a “joint” investigation into their alleged crimes. Apparently that question matters because the defendants…
Read MoreIndia Moves to Bolster Bank CCOs
Regulators in India have adopted exhausting new criteria for the appointment of chief compliance officers in the banking sector there, and banks in that country have six months to confirm that their CCOs fit the profile or find a new one. The Reserve Bank of India (RBI), the country’s central bank and primary banking regulator,…
Read MoreCovid and Fraud Risk: Still Rising
We have another update on fraud risk during the era of Covid-19. The risk is still going up, and compliance and audit executives running anti-fraud programs still have a harder time stopping it. So says the Association of Certified Fraud Examiners, which published its latest fraud risk survey today. More than 2,000 anti-fraud professionals participated,…
Read MoreCompliance Jobs Report: Sept. 11
The Compliance Jobs Report this week begins with a departure from Softbank, new hires at Vail Resorts, Huntington Ingalls, and other businesses. We have some news from the vendor world, including an acquisition; and three job openings to note. Plus our meme of the week, which today strikes a somber note. As always, thank you…
Read MoreDeutsche Bank Dinged on Two Sanctions Cases
Some red meat for all you sanctions compliance nerds: a Deutsche Bank subsidiary has agreed to pay $583,000 for two separate sanctions violations. One involved compliance employees improperly configuring a sanctions screening tool; the other, senior business and compliance managers rushing a transaction without appropriate due diligence. The Office of Foreign Assets Control announced the…
Read MoreCampaign Finance and Corporate Compliance
We circle back today to postmaster general Louis DeJoy, who stands accused of pressuring employees in the 2010s to make political donations to his preferred Republican candidates. That’s a felony violation of campaign finance laws, and a fascinating glimpse of a compliance risk that can catch companies unprepared. DeJoy, you might recall, is already under…
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