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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Aly McDevitt2020-09-17T13:00:00
Source: Carnival
While everyone awaits normal life on the other side of a vaccine, Carnival’s Ethics and Compliance department has refused to let its well-laid plans go awry. Resumption of worldwide travel will one day be back, and until that day arrives, Carnival is marching onward within the bounds of its environmental compliance plan, now in its fourth year.
As Chief Ethics and Compliance Officer Peter Anderson mentioned back in fall 2019, incidents are assets. If the coronavirus’s presence aboard Carnival ships could be regarded as one enormous incident, then there would be many learnings—assets—to be unpacked. That is precisely what CEO Arnold Donald told the court in April; that the company was already learning a lot in the pause period so far.
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2024-07-02T13:50:00Z By Aaron Nicodemus
Crypto-friendly Silvergate Bank will pay a total of $63 million penalties to California and the Federal Reserve Board to settle charges that its anti-money laundering program failed to properly monitor more than $1 trillion worth of customer transactions.
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2024-07-01T15:45:00Z By Margaret Holmes Tibbets, CW guest columnist
Margaret Holmes Tibbets, chief compliance officer at financial technology company Pipe, explains how firms are facing an existential compliance crisis, and to survive they’ll need to overcome not one but two hurdles.
2024-03-21T16:00:00Z By Aly McDevitt
Both JPMorgan Chase and Deutsche Bank retained their respective Jeffrey Epstein relationships for too long. Yet, there is a case to be made for why exiting a high-risk relationship too soon can become an inverse form of recklessness.
2024-03-20T16:00:00Z By Aly McDevitt
Why did JPMorgan Chase retain Jeffrey Epstein for more than a dozen years? How did the relationship persist despite glaring red flags? The “why” is straightforward; the “how” is more complicated.
2024-03-19T16:00:00Z By Aly McDevitt
Jeffrey Epstein’s designation as a high-risk client should have subjected him to enhanced due diligence that never appeared to occur, most notably at Deutsche Bank. Instead, Epstein was allowed to continue his misconduct despite numerous red flags.
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