General
New Insights on ERM Obstacles
Every organization says it wants to get better at managing risk, even though lots of organizations struggle to achieve that goal in practice. Now a new report has flagged some of the possible obstacles to strong risk management, which in turn raises some interesting questions about how risk management teams might overcome said obstacles. The…
Read MoreThoughts on the AI Job-Pocalypse
By now you may have seen one of numerous media reports recently that artificial intelligence is poised to decimate the white-collar job market in coming years. I’m not sure I agree with those dire reports, but clearly AI is going to transform how white-collar workers — such as compliance and audit professionals — arc through…
Read MoreCOSO’s Draft Corporate Governance Framework
Executives and board directors are always searching for a better way to manage their organizations — and rightly so, considering how messy and bewildering corporate governance can be at large organizations. Now COSO is trying to remedy that situation with a proposed framework for corporate governance, and we should all take a close look. COSO…
Read MoreGlencore, Part III: Third-Party Agents
Today we have another exploration of Glencore’s recent compliance progress report, this time looking at how the trading giant handles third-party risk management. Glencore’s report does offer extensive detail into how it runs its compliance program and third-party risk drives everyone nuts, so let’s see what lessons we can learn. For those unfamiliar with the…
Read MoreTroubling New Data on AI Risks
Today I want to go back to artificial intelligence and some of the policy management and corporate culture challenges that the technology keeps posing. KPMG recently released a wide-ranging survey of how people view and use AI, with statistics that could cast a long shadow over your own AI compliance efforts. Let’s take a look.…
Read MoreTalking Tariffs and Compliance
Today we have another Radical Compliance podcast interview, this time talking about the compliance implications of the Trump Administration’s proposed tariffs regime — although the more you consider tariffs and President Trump’s erratic approach to them, the more you realize that their implications will spill far beyond the compliance function. To help me unpack all…
Read MoreGlencore, Part II: Risk Assessments
Today I want to return to Glencore and the ethics and compliance progress report the company released a few weeks ago. Specifically, how did Glencore overhaul that part of the compliance program that drives so many people to exasperation — the risk assessment process? For those who didn’t see our previous post on Glencore’s compliance…
Read MoreOn Vacation This Week
Thank you for visiting, dear readers, but Radical Compliance is taking some much-needed vacation this week. We likely won’t have any updates to the website, and no newsletter on Friday, April 25. You can always send us tips at [email protected]. Otherwise, behave yourselves and we’ll be back as usual on Monday, April 28.
Read MoreDiving Into Glencore Compliance Report
Commodities trading giant Glencore published an in-depth look at its ethics and compliance function this week, part of the company’s penance for a corporate corruption scandal it settled in 2022. Anyone wanting a glimpse into how global businesses might structure their compliance operations, especially when recovering from a misconduct scandal, look no further. As you…
Read MoreThat New York Action Against Block
Last week New York state regulators sanctioned online payments giant Block for persistent shortcomings in the anti-money laundering compliance program for Cash App, the popular digital wallet owned by Block. Even for folks not in financial services or subject to New York state regulation, this case offers important lessons about modern compliance risks that any…
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