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Tips for Compliance and Data Analytics
The other day I had the great fortune to moderate a webinar on data analytics in compliance programs with Kirsten Liston, founder and CEO of Rethink Compliance. We had a great time and Liston certainly knows her stuff on data analytics, so I took lots of notes. Let’s review the major themes that arose from…
Read MoreCompliance Jobs Report: Sept. 22
The Compliance Jobs Report this week has new hires at Comerica Bank, Prime Therapeutics, Balfour Beatty, and lots more personnel gossip. We also have some folks leaving corporate for consulting land; job leads in hot dogs, zoos, and personal autonomous aircraft; and Meme of the Week goes out to ESG reporting! Always remember that we…
Read MoreCompliance Jobs Report: Sept. 1
The Compliance Jobs Report this week has personnel gossip from Lundbeck, Microsoft, Urban Pathways, the IATA, and even the world of politics! Plus some party pics, job leads in higher education, microchips, and economic development; and Meme of the Week goes out to slowpoke investment in compliance. Always remember that we need your help to…
Read MoreStretching Your Compliance Budget
The other week I moderated a webinar on how compliance officers can stretch their budgets for maximum effect. As usual the discussion was fascinating, and since tight budgets are pretty much a universal challenge for corporate compliance programs, I took plenty of notes. First, what struck me most was that most of the conversation did…
Read MoreFTX Sues Former CCO
FTX Corp., the now-bankrupt cryptocurrency platform that swindled billions from its customers, has filed a lawsuit against its former chief compliance officer, claiming that he acted as a “fixer” for FTX’s former management, paid off whistleblowers to keep quiet, and reaped millions in unwarranted compensation as he turned a blind eye to FTX’s many problems. …
Read MoreThe Web of Risks Wrapped Around SVB
Chief risk officers and board risk committees have one more lesson to learn from the collapse of Silicon Valley Bank. The lesson is buried in the notion that SVB collapsed after “a good old-fashioned bank run.” That’s not quite what happened, and what did happen says a lot about flawed risk management. By now you’ve…
Read MoreMicrosoft Fined $3.3M on Sanctions
Microsoft has agreed to pay more than $3.3 million to settle civil charges that its Russia subsidiary violated U.S. sanctions law in the 2010s by covering up sales of Microsoft products to people in Cuba, Iran, and elsewhere. The settlement was announced on Thursday by the Office of Foreign Assets Control (OFAC) and the Bureau…
Read MoreHelp on Supply Chain Cyber Risks
I hadn’t noticed this until now, but we have fresh help for audit and risk managers worried about cybersecurity risks in the supply chain: CISA, the top cybersecurity regulator in the United States, has published a short guide on how small and medium-sized businesses can navigate that challenge. CISA released the guide last week —…
Read MoreABB: CCO Certification After All!
Well this is quite the plot twist: the chief compliance officer and the CEO for Swiss industrial giant ABB will indeed need to certify the effectiveness of ABB’s compliance program as part of the company’s FCPA settlement announced last week. That requirement was included in the company’s deferred-prosecution agreement, which the Justice Department did not…
Read MoreStudy: Maybe Compliance Policies Don’t Matter
Here’s a rather glum start to your week: new academic research suggests that the design of corporate policies you use to train employees has no measurable effect on how well they retain knowledge about those policies, and might not do any better than not bothering to educate employees about corporate policies at all. So says…
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