- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
Image: Internal audit plans in 2018 give more consideration to corporate culture and the risks it might pose to the company’s success. This e-Book explores what changes these developments are creating for audit executives and steps to consider as you focus on a risk culture.
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Bank of America avoided a monetary penalty in agreeing to settle charges with the Treasury Department’s Office of the Comptroller of the Currency but was ordered to shore up previously disclosed deficiencies in its Bank Secrecy Act/anti-money laundering (BSA/AML) and sanctions compliance programs.
JPMorgan Chase, Wells Fargo Bank, Bank of America, and the company behind online money transfer app Zelle were sued by the Consumer Financial Protection Bureau for allegedly failing to safeguard Zelle’s network and causing customers to lose $870 million, the CFPB alleged.
Breaches of the EU’s GDPR can cost companies substantial sums and huge reputational damage. Now some are warning that the implementation of the EU’s AI Act will be just as far-reaching, and could potentially lead to similar numbers of cases.
New whistleblower award programs are in the works at U.S. agencies including the Department of Justice and Financial Crimes Enforcement Network, while key regulators in the United Kingdom have also expressed support for compensating individuals.
Stay ahead of the curve with our latest ebook on the top Governance, Risk, and Compliance (GRC) trends of 2024.
Regulators across the globe are chomping at the bit to supervise how businesses use artificial intelligence, prompting experts to encourage compliance to get involved in the decision-making process regarding the technology.
