Today we have another example of U.S. state regulators stepping up their own enforcement regimes against corporations for compliance failures. That’s not quite a new trend, but it is one that seems to be accelerating as the Trump Administration retreats from vigorous corporate enforcement generally. Let’s take a look. What happened? The states of New…
Read More
We haven’t talked sanctions enforcement lately but now have reason to do so, thanks to an enforcement action last week against a global electronics company that hinged on a weak compliance program and poor oversight of international distributors. Said company is Harman International, headquartered in Connecticut and a subsidiary of Samsung since 2017. Harman agreed…
Read More
Another big Compliance Jobs Report! American Express has hired a new CCO for its U.K. operations; the CCO at Colgate is leaving for another employer; and we have other news from Apex Group, Takeda, Cushman & Wakefield, Schneider Electric, and many more. Job leads are in life insurance, motorcycle financing, and toys; and don’t forget…
Read More
This week I had the good fortune to attend the #RISK New York conference, a two-day event where 300-ish audit, risk, and compliance professionals gathered to talk shop about the evolving challenges of GRC and risk management. We had lots to discuss and I took lots of notes, so let me jot down a few…
Read More
Another week, another whistleblower rewards program announced by the U.S. federal government. This time it’s the Antitrust Division at the Justice Department, which just launched its first-ever rewards program to dig up allegations of procurement fraud, price fixing, market allocation, and similar misconduct. The Division announced the rewards program on Tuesday in conjunction with the…
Read More
Earlier this week I had the privilege of speaking to a law school class about corporate compliance programs, and specifically about how compliance officers at small companies can succeed in the job when they typically have precious few resources to do it. That’s a terrific subject to explore, so let me recap some of my…
Read More
Some red meat for all you compliance officers in the healthcare sector: the Trump Administration plans to increase its enforcement of the False Claims Act, courtesy of a new and improved task force run by the Justice Department and the Department of Health & Human Services. The two departments announced the task force on July…
Read More
An early edition of the Compliance Jobs Report this week in honor of the July 4th holiday! We have news from Lowe’s, Sony, AirBnB, CBRE, Northern Trust, Syneos Health, Westpac, and many more. Job leads are in banking, retail, and engineering; and Meme of the Week goes out to fireworks displays. We also take any…
Read More
I didn’t plan on writing about artificial intelligence again so soon, but sometimes clumsy human intelligence at major corporations forces my hand. Hertz, please join us here in the spotlight today. Bring your AI adoption strategy along with you. The story is as follows. In April, car rental giant Hertz rolled out a new AI…
Read More
Today we return to artificial intelligence, and a new report from AI software developer Anthropic that unpacks the threat of “agentic misalignment” — that is, when an AI agent behaves in ways that no longer align with what an organization wants it to do. Brace yourselves, audit and compliance teams; there are nightmarish governance and…
Read More