- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
We’ve all heard the old adage “what gets measured, gets done,” and this applies equally to GRC management actions and controls, which must be reviewed for operational effectiveness. Beyond that, we must consider that changes to the external and internal context may render our current actions and controls ineffective, so ...
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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.
McKinsey & Co. will pay $650 million in penalties to the U.S. Department of Justice (DOJ) to settle charges that it advised Purdue Pharma on how to “turbocharge” the sale of Oxycontin in the middle of the U.S. opioid crisis.
A lack of supervision and internal controls at Morgan Stanley Smith Barney allowed four of its investment advisers to steal millions from customers before the behavior was detected, the SEC said in charging the firm.
