The Federal Trade Commission is ordering an education technology vendor to adopt a new data security program after a massive data breach in 2022. No monetary penalties involved, but for cybersecurity and privacy professionals looking for the latest enforcement messages from the Trump Administration, this one is worth studying. The company in question is Illuminate…
Compliance professionals have one more issue to consider from that FCPA enforcement action last month against Millicom for corruption in Guatemala. Let’s look at what the case can tell us about the tug of war between lucrative business potential and corruption risk. This has been on my mind since the Justice Department reached the settlement…
Good news for compliance officers looking for an excuse to avoid awkward family conversation at Thanksgiving: the U.K. Serious Fraud Office just issued new guidance on when and how the agency will evaluate corporate compliance programs. The SFO issued the guidance on Wednesday. It outlines six scenarios where SFO prosecutors might decide they need to…
An advisory committee to the Securities and Exchange Commission will meet next week to consider whether publicly traded companies should be required to disclose more about artificial intelligence, such as whether boards have formal oversight of AI and what the company believes its material AI risks are. The proposals come from the SEC Investor Advisory…
Today we return to the state of the job market for compliance professionals. Searching for a job these days is typically a long and frustrating experience, and I wanted to pass along another tale from a job-seeker that I think speaks volumes about why that is. This comes from an accomplished mid-career compliance officer who…
This week the Compliance Jobs Report has new hires at Convatec, Wise, TikTok, Zoll Medical, Fidelity Investments, and elsewhere; plus departures at Volkswagen and Raytheon. A bunch of promotions to note too, as well as job leads in credit cards, pharmaceutical sales, and higher education. Meme of the Week goes out to Ye Olde AI…
Good news for internal auditors who feel overwhelmed, under-resourced, and frustrated that not enough people at your organization value your opinion — you’re not alone. GRC software vendor AuditBoard published a report last week that surveyed more than 200 internal audit leaders around the world, and apparently those feelings of existential dislocation are par for…
Last week I moderated a webinar on Latin American drug cartels, and where “cartel risk” is or isn’t similar to the corruption risks that compliance teams have worried about for years. Perfect timing! That same week, the Justice Department settled an FCPA case where drug trafficking was one element of the story. Let’s review the…
Today we return to that FCPA enforcement action last week against Millicom, which paid $118.2 million to settle criminal charges of bribery and corruption in Guatemala in the 2010s. The filings in the case have been unsealed, and they raise a few points worth compliance officers’ attention. First, a quick recap for those who missed…
This week the Compliance Jobs Report includes some regional CCO hires at Walmart, a new CCO at the troubled Australian stock exchange, and more news from Google, Cooper Companies, McKinsey, Penn State, and lots more. Job leads are in semiconductors, artificial intelligence, and life insurance; Meme of the Week goes out to the Epstein Files.…
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.