The Compliance Jobs Report this week has new hires at Stryker, Remitly, several crypto firms, and several other places. We also have a slew of promotions to note, including at Citi, BASF, Total, and elsewhere. Job leads are in insurance, media, and adults-only content; and Meme of the Week goes to scoping SOX compliance efforts. …
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Today we continue our look at the latest enforcement action against Wells Fargo, this time examining all the operational-level improvements that the bank needs to make in its financial crimes compliance program, per a settlement with banking regulators reached last week. As you might recall, Wells reached a settlement with the Office of the Comptroller…
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Compliance officers are always looking for ways to help the board of directors oversee the ethics and compliance function, so today let’s explore one way to do that by adapting an idea from the internal audit function: a charter that spells out board oversight duties. Specifically, the audit committee of the board is charged with…
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Banking regulators dinged Wells Fargo yet again last week, this time for the bank’s failure to develop strong anti-money laundering controls and risk management practices. Wells must now implement a litany of improvements from the board on down, so pull up a chair; we have a lot to review here. The enforcement action came last…
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The Compliance Jobs Report this week has news from Walgreens Boots Alliance, Oracle, Apollo Global Management, Citizens, Geico, Ball Corp., and many more. A new association for compliance officers in Europe just launched; we have job leads in airport security, armored cars, and higher ed; and Meme of the Week goes out to presidential debates!…
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Deere & Co. is paying $10 million to settle one of the more colorful FCPA cases we’ve seen in a while, replete with Thai massage parlors, envelopes of cash, sketchy overseas agents — and even a few lessons about compliance fundamentals from due diligence of acquisitions to program remediation. Let’s take a look. The Securities…
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Well here’s news that will wake up all you sustainability reporting enthusiasts: the Securities and Exchange Commission just fined coffee giant Keurig Dr. Pepper $1.5 million for making misleading disclosures about the recyclability of those little K-cups. The SEC announced the enforcement action Tuesday morning. According to the settlement order, Keurig stated in its annual…
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The Securities and Exchange Commission’s campaign against companies using pre-taliation language in their employment contracts continues, with seven businesses sanctioned this week for making employees sign away their eligibility for whistleblower rewards. In total the companies will pay more than $3 million in penalties. The SEC announced its enforcement action Monday morning. The worst offender,…
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Today we have a guest column from Mary Shirley, chief compliance officer at ScionHealth. Earlier this year Australia passed new anti-corruption legislation known as the Crimes Legislation Amendment (Combating Foreign Bribery), and in August the government released voluntary guidance to help corporations understand the “adequate procedures” — that is, the elements of an effective compliance…
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The Compliance Jobs Report this week has updates from ScionHealth, DraftKings, Caterpillar, MetLife, Orthofix, and plenty more! We also have a new compliance advisory firm on the scene; plus job leads in banking, retired people, and space flight! Always remember that we need your help to make the Report work, so send me some news!…
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