Diving Into Glencore Compliance Report

Glencore

Commodities trading giant Glencore published an in-depth look at its ethics and compliance function this week, part of the company’s penance for a corporate corruption scandal it settled in 2022. Anyone wanting a glimpse into how global businesses might structure their compliance operations, especially when recovering from a misconduct scandal, look no further.  As you…

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On Navigating Global Legal Tensions

Global

One big challenge for compliance officers is how to manage your program at a global level, when so often that means juggling multiple legal jurisdictions with conflicting standards for corporate behavior. So when I had the chance recently to moderate a webinar on that very subject, I took lots of notes. I pass them along…

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Why Strong Compliance Still Matters So Much

compliance

Earlier this week I had the good fortune to attend a panel discussion here in Boston of compliance officers talking about how their approach to compliance might change thanks to the arrival of the Trump Administration. As I suspected, all of them said their approach really hasn’t changed at all — and they weren’t sure…

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Turning Around Compliance Programs

program

Most compliance officers will at some point in their careers find themselves needing to turn around an under-performing corporate compliance program. So today we have another Radical Compliance podcast interview, this time with a compliance officer who styles himself as a “turn-around specialist.” He had plenty to say about how to get under-performing programs back…

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Optimizing the Right Compliance Vector

compliance

A compliance officer should always be ready to take a good idea wherever you find it and figure out how it might improve your compliance program. In that spirit, today let’s talk about a nifty phrase I stumbled across in the technology world that could help compliance officers immeasurably in these tumultuous days: finding “the…

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Rebutting Resistance to Compliance Investments

compliance

Earlier this week I visited one of the larger compliance vendors in the market to talk with their sales staff about the pressures compliance officers face. Our discussion quickly centered on two questions. First, why do some companies decide not to invest in compliance capabilities? And second, what are some possible arguments that might change…

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Metrics for Assessing AML Compliance Program

AML

Financial crimes compliance is not easy, and that’s especially true for fintech firms — young, fast growing, and subject to a complicated thicket of anti-money laundering rules. Building an effective compliance program in that environment is not easy, and compliance officers need to tread carefully to get it right. To that end, in this post…

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Compliance Program Priorities That Endure

compliance

’Tis the season for speeches from Justice Department officials, as they reflect on the year’s enforcement activity — and these days, try to establish some sense of continuity even as the incoming Trump Administration portends a very different approach to corporate compliance and regulatory enforcement. Which brings us to a Justice Department speech delivered late…

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Special Report: Compliance Testing, Data Access Falls Short

testing

An exclusive new report finds that most corporate compliance teams struggle to perform adequate testing and monitoring of their compliance programs, and also struggle to get access to the enterprise data they need to address their organizations’ compliance risks effectively. Those are just some of the findings of a study released this week by Rethink…

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Concerns Over Access to Data

data analytics

Today let’s return to the Justice Department’s newly revised guidance for effective corporate compliance programs. Specifically, let’s give a close analysis of what those updates say about compliance officers’ access to data and IT systems.  For starters we should appreciate why access to data is such an important issue for the Justice Department at all.…

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