News
GOP Moves Ban on State AI Laws
Another bold move from Congress while you were sleeping last night: an important House committee voted to support a 10-year ban on states enforcing any laws or regulations they adopt for artificial intelligence. The vote happened at the House Energy & Commerce Committee, which was marking up various pieces of legislation destined to be part…
Read MoreJustice Dept. Promises More Declinations
The Justice Department has announced new, more relaxed policies for when it will prosecute corporate crime, promising “a clear path to declination” that bypasses the criminal resolution process entirely for companies that self-disclose and remediate their misconduct. Matthew Galeotti, acting head of the Criminal Division at the Justice Department, announced the new policy in a…
Read MoreTackling Third-Party Risk Management
This week I had the good fortune to moderate a webinar on third-party risk management, and the role that compliance officers should play in this critically important — but increasingly complicated — task. The conversation was excellent and I took plenty of notes; and now pass them along to the compliance community for whatever they’re…
Read MoreCompliance Jobs Report: May 9
This week the Compliance Jobs Report has a changing of the guard at Kroger, plus new hires at Sanofi, Lucid Motors, Moneycorp, Parkland Health, Veon, and more. We also have a slew of promotions to note, plus job leads in financial services, manufacturing, and sports betting. Meme of the Week goes out to tight budgets…
Read MoreOh, Great: Trump Memecoin Risk
Another sign of our ethically challenged times in the Trump 2.0 era: a freight logistics company in Texas is planning to buy as much as $20 million’ worth of President Trump’s personal cryptocurrency, so the company can “advocate for fair, balanced, and free trade between Mexico and the U.S.” Translation: the company, Freight Technologies Inc.,…
Read MoreCompliance Jobs Report: May 2
The Compliance Jobs Report is back for the first time in two weeks, so we have tons of updates! We have new hires at UPS, OpenAI, DocuSign, Johnson & Johnson, Assa Abloy, and many more. We also have party photos from a recent compliance conference in Ukraine, plus job leads in microchips, healthcare, and family…
Read MoreDispatches From HCCA Conference
The Health Care Compliance Association (HCCA) held its annual conference this week in Las Vegas, drawing throngs of healthcare compliance professionals to hear from industry regulators, exchange ideas on how to manage compliance challenges, and of course network and schmooze while sponsors foot the bill. Alas, Radical Compliance could not attend this year’s conference because…
Read MoreRepublicans Press Ahead With PCAOB Kill
A key House committee voted Wednesday night to abolish the Public Company Accounting Oversight Board, moving one early but important step forward in Republicans’ goal of ending the agency. The House Financial Services Committee voted along party lines, Republicans in favor and Democrats against, to cease funding the PCAOB and transfer all its duties and…
Read MoreFines Cut for Ex-Wells Fargo Execs
U.S. banking regulators settled charges with two former top audit executives at Wells Fargo for their oversight failures during the bank’s fake accounts scandal of the 2010s, cutting the millions in fines the two men were facing by more than 90 percent. The Office of the Comptroller of the Currency announced the deals late last…
Read MoreRepublicans Propose Abolishing PCAOB
Republicans in Congress unveiled legislation on Friday to abolish the Public Company Accounting Oversight Board and fold the PCAOB’s audit industry oversight duties into the Securities and Exchange Commission. The House Financial Services Committee released the proposed text Friday evening, presumably hoping that nobody would notice. The bill would take the PCAOB’s duties — approving…
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