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

Corporate Culture and Human Capital Disclosures

human capital

Corporations are now starting to file their annual reports for 2020, and this is the first year that most of those businesses need to include new disclosures about the importance of “human capital” to their operations. I wondered whether those disclosures would include anything about ethics and compliance efforts, so today let’s take a look.…

Read More

Boom: The FinCEN Files Are Here

FinCEN Files

The anti-money laundering compliance crowd should pull out your tablets and create several free hours on your schedule today. The same investigative reporters who delivered the Panama Papers in 2016 just dropped another mammoth exposé, this time looking at 20 years’ worth of failed AML compliance at five large banks. Known as the FinCEN Files,…

Read More

You Can’t Hide Forever, Mazars

mazars

Don’t look now, but the Supreme Court may be preparing to put a poisoned chalice in front of accounting firm Mazars, thanks to the Trump Administration’s battle to keep the president’s tax returns hidden from law enforcement and congressional oversight. Mazars prepares Trump’s tax returns. So when Democrats took over Congress last year, the House…

Read More

When Sanctions and Cybersecurity Collide

disclosure

Compliance professionals talk constantly these days about cybersecurity, third-party risk, and sanctions compliance. Now we have an example from the news that is one headache-inducing brew of all three — and also, I fear, a harbinger of compliance and risk challenges to come.  The company in question is Hikvision, a Chinese maker of security cameras.…

Read More