Don’t die of surprise here, but we have yet another foreign company with a weak sanctions compliance program, conducting business with North Korea through the U.S. banking system, and yet again ending up with a sanctions enforcement action from U.S. regulators. Rinse, repeat. The company in question is Mondo TV, an Italian animation company. It…
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Earlier this week I attended the annual conference of the Association of Certified Fraud Examiners, where some 4,000 people gathered to talk all things fraud and how to prevent it. Several sessions, however, looked at the larger issue of the ethical dilemmas employees often face when encountering examples of fraud. Let’s pull on that thread.…
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Radical Compliance is back from vacation, and what better way to catch up on current compliance issues than an enforcement action over poor cybersecurity? Lucky for us, the Securities and Exchange Commission served up a fresh case just last week on exactly that headache. The case involves R.R. Donnelley, provider of business marketing services to…
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The Compliance Jobs Report this week has new hires at Nasdaq, US HealthVest, University of Rochester, and elsewhere; plus a slew of compliance and audit promotions at businesses including Pfizer, Citigroup, Regions Bank, and Acushnet. We have job leads in semiconductors, manufacturing, and healthcare; and don’t forget Meme of the Week! Always remember that we…
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Radical Compliance is taking an off-the-grid vacation for the next few days, so we are reprinting some of readers’ favorite posts from the archives. The following ran in August 2022. Today I want to revisit the Justice Department’s plans to have chief compliance officers certify the effectiveness of their compliance programs, to unpack a question…
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Radical Compliance is taking an off-the-grid vacation for the next 10 days, so we are reprinting some of readers’ favorite posts from the archives. The following ran in February 2019. Now that we’ve had a long weekend to digest the FCPA enforcement action imposed against Cognizant Technologies last week, compliance officers have a lot more…
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We have a somewhat abbreviated Compliance Jobs Report this week since Radical Compliance is on vacation, but still lots of news: a new gig for the former CCO at Google; other appointments at Rogers Communications, Bristol Myers Squibb, and elsewhere; and job leads in energy trading, biotech, and motorcycle purchases. Plus our Meme of the…
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Radical Compliance is taking an off-the-grid vacation for the next 10 days, so we are reprinting some of readers’ favorite posts from the archives. The following ran in November 2017. Here at the Radical Compliance home office, every morning my job is to rouse my toddler son from bed, make him breakfast, and take him…
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Who’s looking for another thoughtful speech about the compliance implications of artificial intelligence? Because we have one from a top banking regulator in the United States, who raises deep issues about AI that go well beyond the banking sector. The speech comes from Michael Hsu, head of the Office of the Comptroller of the Currency,…
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This could be the dream job for compliance professionals who love animals! An animal breeding business in Virginia is paying $35 million to settle charges that it mistreated thousands of beagles in its care, and must hire a compliance monitor to oversee its improved animal welfare compliance program. The company in question is Envigo RSM,…
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