News
Compliance Jobs Report: Dec. 31
Welcome to the final Compliance Jobs Report of 2020! We have new hires this week at BMW, Sobi, Zai Labs, the AICPA, and others; plus internal promotions at Timken, MUFG, the City of Chicago, and Autodesk. Job openings to note in Washington, Texas, and Georgia; and our Meme of the Week is just a happy…
Read MoreFeds Warn on Vaccine Fraud
The U.S. Treasury Department is warning financial firms to be on the lookout for frauds and cyber attacks related to covid vaccines, and asking for some tweaks to what firms include in Suspicious Activity Reports that you might file in connection with vaccine scams. FinCEN, the enforcement wing of the Treasury Department, published the guidance…
Read MoreSPACs and Corporate Disclosure
The Securities and Exchange Commission has published fresh guidance detailing how special-purpose acquisition companies — those corporate contraptions designed to go public first and then acquire other operating businesses later — should disclose conflicts of interest, financial incentives for management, acquisition strategies, and related issues. SEC staff released the guidance on Dec. 22 as a…
Read MoreLessons on Algorithms, Ethics, and Equity
Compliance professionals searching for cutting-edge policy management mishaps, turn your gaze toward Stanford University. The mess that the medical school endured last week with its bungled distribution of covid vaccines to employees offers lessons to us all. What happened? According to press reports and many unhappy people on Twitter, Stanford Medicine started rolling out its…
Read MoreSEC: New Extractive Payments Rule
The Securities and Exchange Commission has enacted a new rule for what oil & gas and mining companies must disclose to investors about payments made to foreign governments — a weaker version of a rule the SEC was forced to repeal in 2017, and which drew sharp criticism from the SEC’s lead Democratic commissioner. The…
Read MoreSEC Charges Retailer on Impairment Issue
You don’t see this too often: the Securities and Exchange Commission has charged a fashion retailer with failing to impair goodwill in a timely manner, citing weak internal controls over how management determined goodwill and an attempt to mislead the company’s auditors. The company in question is Squential Brands, which sells clothing brands such as…
Read MoreCompliance Jobs Report: Dec. 11
The Compliance Jobs Report this week is another big one. Hitachi has named its first-ever CCO, and we also have new hires at Farmer Mac, Kaleo, Barclays, Softline, and elsewhere. Promotions at Walmart, Aker Energy, and Nissan. We have three job openings of note, plus our compliance Meme of the Week. As always, thank you…
Read MoreLeadership Failures at Fort Hood
Compliance officers have another case-study in flawed corporate culture and problematic leadership to consider. This one comes from the U.S. Army, in a blistering report on senior officers’ failure to prevent sexual assault at the Fort Hood military base. The Army fired or suspended 14 senior officers Tuesday for their leadership failures at Fort Hood,…
Read MoreAML Reform and Whistleblowers
I try to be as cynical as possible about Congress, but this week may be one of those rare times when lawmakers actually do something intelligent. They’re poised to overhaul the nation’s anti-money laundering laws in a dramatic way, with a potentially huge gift to compliance officers to boot. That overhaul is the Anti-Money Laundering…
Read MoreCompliance Jobs Report: Dec. 4
The Compliance Jobs Report is back, and we have a lot to dig through from the holiday break! Compliance personnel on the move at Duke Energy, a new audit chief at GE, and more news from Pandora, Cox Enterprises, the VHA, and many more. We have three job openings in the Northeast to note, and…
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