AI washing

SEC Launches ‘AI Washing’ Enforcement

By Matt Kelly | March 18, 2024 |

The Securities and Exchange Commission sanctioned two investment firms Monday for making false statements about how they use artificial intelligence in their business operations — the first enforcement actions we’ve seen under a crackdown on “AI washing” that SEC officials had been promising for several weeks.  The two firms are Global Predictions Inc., an investment…

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icfr

Yes, Automating ICFR Helps, But… 

By Matt Kelly | March 18, 2024 |

Internal audit and GRC professionals talk all the time about the importance of automating internal controls. Now we have some fresh academic research demonstrating what sort of benefit a company can gain from following that path. The research comes from Musaib Ashraf, an accounting professor at Michigan State University who published a nifty paper several…

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compliance jobs

Compliance Jobs Report: March 15

By Matt Kelly | March 15, 2024 |

This week the Compliance Jobs Report has new hires at Lowe’s, Renishaw, Cox Enterprises, and more; plus a notable retirement from NRG Energy and a slew of promotions to report. We have job leads engineering, banking, and microchips, and Meme of the Week goes out to compliance officers handling ESG. Always remember that we need…

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risk

A Convergence of Risk Disclosure

By Matt Kelly | March 14, 2024 |

Like many other people, last week I read the SEC’s new requirements for disclosure of climate change risks with a sense of trepidation. The more I studied them, however, the more I felt something else: a sense of déjà vu.  Like, has anybody else noticed how similar these disclosure requirements are to those that the…

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AI

Justice Department Eyes AI Risks

By Matt Kelly | March 13, 2024 |

Last week the Justice Department announced that it will cast a more critical eye at abuses of artificial intelligence. Today let’s unpack what that news means for compliance officers in practice, and how you might need to adjust your compliance program to accommodate this brave new AI world. The pledge about increased scrutiny of AI…

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gunvor

Gunvor, Part II: Monitor Questions

By Matt Kelly | March 11, 2024 |

Today let’s return to that mammoth FCPA settlement the other week against Swiss trading giant Gunvor, because one detail about the case seems quite puzzling. How does a recidivist offender with egregious FCPA violations avoid a compliance monitor? We didn’t get to explore that issue in our original post about Gunvor, but I’ve been reading…

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compliance jobs

Compliance Jobs Report: March 8

By Matt Kelly | March 8, 2024 |

The Compliance Jobs Report this week has updates from Ericsson, Cisco Systems, Northeastern University, Takeda, Revlon, Broadcom, and many more. Our job leads are in food, pharma, and medical devices, and Meme of the Week goes out to Victoria Beckham! Always remember that we need your help to make the Report work, so send me…

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whistleblower

Justice Dept. Launches Whistleblower Program

By Matt Kelly | March 7, 2024 |

The Justice Department is climbing aboard the whistleblower awards bandwagon, with a new program it plans to launch later this year offering monetary awards to whistleblowers akin to what numerous other federal agencies already do. Deputy attorney general Lisa Monaco made the announcement Thursday while speaking to the American Bar Association’s white-collar crime conference in…

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AI

ChatBots, Compliance, and Risk

By Matt Kelly | March 7, 2024 |

Today I want to return to everyone’s favorite technology of the moment, artificial intelligence. To what extent could compliance officers incorporate AI chatbots into their Code of Conduct or internal reporting hotlines?  This has been on my mind lately because Air Canada recently gave us a fascinating example of the consequences of AI gone wrong.…

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climate

SEC Adopts Climate Disclosure Rule

By Matt Kelly | March 6, 2024 |

The Securities and Exchange Commission has finally adopted its rule for disclosure of greenhouse gas emissions and climate risks, voting Wednesday to impose the rule but dropping its original (and most controversial) proposal that companies would need to calculate and report greenhouse gasses caused by their supply chains. The vote fell along the SEC’s usual…

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About Us

Technically, Radical Compliance is the personal blog of Matt Kelly, long-time writer and observer of the corporate compliance and GRC scene. I was a writer, editor, and publisher at Compliance Week, 2003 through 2015; some of you may know me from my career there. I also speak frequently at compliance conferences and other events, and will pretty much shoot the breeze on any compliance topic with anyone who asks.

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