Help on Supply Chain Cyber Risks

supply chain

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 More

ABB: CCO Certification After All!

certification

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 More

Study: Maybe Compliance Policies Don’t Matter

Policies

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…

Read More

Oracle Hit 2nd Time on FCPA Violations

Oracle

The Securities and Exchange Commission has sanctioned Oracle for violations of the FCPA, the software giant’s second such incident in 10 years and one that provides a chance for the rest of us to talk about recidivist FCPA offenders.  What happened? In one sense, the usual. Throughout the 2010s, Oracle subsidiaries in India, Turkey, and…

Read More

Random Thoughts on Compliance

random

Radical Compliance is going on vacation for most of this week. So until we return, it’s time for another edition of random thoughts on all things related to audit, risk, and compliance, plus whatever else comes to mind. Without further delay…  I’m still alarmed about that report earlier this year finding that most companies have…

Read More

AirBnB Rapped on Cuba Issues

airbnb

AirBnB has started off 2022 with a telling little enforcement action, paying $91,200 to the Office of Foreign Assets Control for failing to monitor how people were using the lodging platform to book visits in Cuba. OFAC announced the settlement Monday. The fine is insignificant considering that AirBnB reported $2.2 billion in revenue for its…

Read More

Citigroup Internal Audit Hiring Spree

hiring

Citigroup announced today that it plans to hire at least 100 additional internal auditors  next year, one of the largest single hiring sprees we’ve seen in the field in years. If any audit professionals out there like the banking sector and want a change of pace, here’s your big chance.  Citi already has more than…

Read More

Podcast: Building a Compliance Function

Today we have another Radical Compliance podcast, this time on the practical challenges of building out a global compliance program. I sat down with Charles Paré, chief compliance officer at CEVA Logistics, who has been doing just that since he started working for CEVA eight months ago. You can hear the full podcast at the…

Read More

Compliance Jobs Report: July 9

compliance jobs

The Compliance Jobs Report this week has new hires at TikTok, DTE Energy, Aerojet Rocketdyne, and Deutsche Telekom, among others; and departures at Walt Disney, ArcelorMittal and University of Minnesota. We also have job openings this week in gambling, building materials, and boots; and a bunch of compliance folks getting promoted.  As always, thank you…

Read More

Compliance Jobs Report: Feb. 5

compliance jobs

A huge Compliance Jobs Report this week, as folks settle into new roles for 2021. We have departures from Petrobras and AARP; promotions at Pepsico, VEON, and others; and a flock of compliance officer moves in Europe. We have job openings from Florida to Illinois to Missouri, and don’t forget our Meme of the Week!…

Read More