ethical

It’s that time of year again: Ethisphere has opened its application process for the World’s Most Ethical companies list for 2021. All you compliance officers whose CEOs grumble, “Why aren’t we on this list?” start sharpening your pencils. Enterprising compliance officers can start their applications on the Ethisphere website. There’s also a webinar you can…

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compliance jobs

Today is the fourth anniversary of the Compliance Jobs Report, and as usual we have lots of news! New hires at ABB, Arconic, and OTC Markets Group; promotions at Credit Suisse and elsewhere; plus new appointments at the SEC. Also some news in the vendor world this week, and job openings from Germany to Florida…

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fcpa

Some days the WTF-o-meter just doesn’t go high enough, and such is the case with the latest FCPA enforcement action from the Securities and Exchange Commission. Fellow compliance travelers, prepare yourselves.  The SEC dinged World Acceptance Corp., a consumer loan business based in South Carolina, for a bribery operation the company’s Mexico subsidiary ran in…

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wells fargo

Wells Fargo filed its latest quarterly report on Tuesday, and you may have seen news that new CEO Charlie Scharf wants to cut back spending on outside compliance consulting dramatically — spending that he described as “beyond anything I’ve ever seen.”  That spending, of course, stems from the seemingly endless number of compliance failures Wells…

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FinCEN

Anti-money laundering regulators gave fresh guidance Monday about what financial firms should do for adequate customer due diligence — guidance that was, alas, light on specific steps to take. Instead, compliance officers have a three-page document best described as “Do what you think is best, based upon risk.” The guidance comes from FinCEN, the Financial…

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Anyone who cares about a strong ethical culture and protection of whistleblowers — which should be all compliance professionals everywhere — should read a column in the Washington Post this weekend written by Alexander Vindman, the national security officer driven out of the military because his whistleblower report led to President Trump’s impeachment. Whistleblower retaliation…

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Credit Suisse

The mildly troubled investment bank Credit Suisse is consolidating its risk and compliance functions into one unit, which will be headed by the bank’s chief risk officer. Its chief compliance officer has been shifted into a new role overseeing sustainability research.  Credit Suisse announced the shakeup Thursday while reporting second-quarter 2020 financial results. The results…

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compliance jobs

The last Compliance Jobs Report for July has promotions at HSBC, Nissan Motor Corp., and Penn Mutual; new hires at Anheuser-Busch, Harvard University, and a few healthcare systems; and a trio of compliance job opportunities in life science or tech firms. Plus, as always, our Meme of the Week! As always, thank you to all…

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climate change

Let’s say you are a large manufacturing, retail, or industrial concern; and you want to assure that your supply chain won’t be disrupted by climate change. How would you actually assess and quantify that risk?  That’s not a hypothetical question for large businesses. As global warming continues, extreme weather events become more frequent and more…

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compliance jobs

The Compliance Jobs Report this week has news from the US Olympic Committee and Brazilian mining giant Vale, among others; and the long-time head of the Institute of Internal Auditors is retiring. We have a few intriguing job openings too, plus our Meme of the Week. As always, thank you to all the compliance people…

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