All Risk Management articles – Page 75
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ArticleJames Comey: Buckle up for dangerous post-pandemic risk landscape
Former FBI Director James Comey predicted a “time of extraordinary change” is ahead for the compliance profession in the post-pandemic world during a prerecorded video message at Compliance Week’s Financial Crimes virtual event.
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ArticleDeutsche Bank restructures compliance amid leadership overhaul
Deutsche Bank announced a series of changes to its management board, including the upcoming departure of Chief Risk Officer Stuart Lewis and transition of compliance responsibilities to Chief Administrative Officer Stefan Simon.
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ArticleSuez Canal blockage serves as reminder for key supply chain risk lessons
The grounding of the Ever Given is the latest unexpected incident to cause severe supply chain disruptions around the world. The lessons learned from others, such as the coronavirus pandemic, are just as relevant, writes Aaron Nicodemus.
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VideoVideo: Goldman junior banker scandal puts Wall Street ethics in spotlight
Kyle Brasseur reviews the Goldman Sachs junior banker scandal and whether complaints of employee crunch on Wall Street can lead to change in working conditions.
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ArticleWestpac considering New Zealand unit demerger amid risk review
Westpac is assessing a demerger from its New Zealand business after the Reserve Bank of New Zealand ordered the unit to commission two independent reports concerning the bank’s liquidity and risk governance processes.
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ArticleTesla braces for investor lawsuit with senior compliance appointment
Tesla in February appointed David Searle as deputy general counsel and senior director of compliance. The electric car maker is currently facing an investor lawsuit criticizing its board for failing to appoint a general counsel to control CEO Elon Musk.
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ArticleSPACs are big-risk, big-reward investments that can give compliance fits
Once a moribund and little-used method to bring a private company public, SPACs dominated the market in 2020 and the first three months of this year. With the trend have come new risks for compliance.
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ArticleInternal audit’s role in cyber-security testing: Where to start
Nathan Anderson, senior director of internal audit at McDonald’s, discusses ways internal audit can better answer management questions about cyber-risks and become a more independent cyber-security testing function overall.
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ArticleCan compliance keep pace in a rapidly changing digital world?
In a rapidly changing digital world, thinking around compliance needs reframing. The question today is whether compliance can stay ahead of the curve.
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VideoVideo: Lawsuit calls out Tesla general counsel carousel
Aly McDevitt praises several German companies for taking initiative ahead of an impending law mandating female representation on boards, while Kyle Brasseur reviews a shareholder lawsuit that criticizes Tesla’s instability at the general counsel position.
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ArticleU.S., U.K. enforcement heads praise coordination in corruption cases
Daniel Kahn of the U.S. Department of Justice and Lisa Osofsky of the U.K. Serious Fraud Office discuss how enforcement agencies expect closer cooperation through 2021 in the global fight against bribery and corruption.
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ArticleU.K. sanctions body signals tougher enforcement with new guidance
Revised guidance by the U.K. Office of Financial Sanctions Implementation suggests the agency might be strengthening its current enforcement stance as it pertains to breaches of financial sanctions.
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ArticleSEC’s Crenshaw throws down gauntlet: Large fines are good fines
The tide has officially turned, corporate America. The SEC is returning to a previous position of measuring the agency’s success by the size and number of the fines it levies. Time to get your houses in order.
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VideoVideo: Meghan Markle, Burger King, and lessons in reputation management
Aly McDevitt examines Meghan Markle’s tell-all interview with Oprah through the scope of a whistleblower and highlights Burger King’s International Women’s Day Twitter fail as a lesson for companies in assessing social media reputation risks.
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ArticleTRACE: U.S. bribery enforcement declined in 2020
Despite a banner year for resolutions under the Foreign Corrupt Practices Act in 2020, U.S. enforcement of the anti-bribery law dropped 29 percent when compared to 2019, according to the latest Global Enforcement Report by TRACE International.
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ArticleGDPR fines by industry: Telecoms far outpace Big Tech
Since the GDPR came into force in 2018, Big Tech firms have not been on the receiving end of fines as frequently as expected. Meanwhile, other industries have shown to be more prone to data privacy violations, namely telecommunications.
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ArticleEthics survey: Employee pressure on the rise amid COVID-19
A new global business ethics survey conducted by the Ethics & Compliance Initiative found employees are experiencing more work-related pressure as compared to before the coronavirus pandemic.
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PremiumAsk a CCO: Are you in favor of federal data privacy legislation?
It’s a clean sweep: All five CCOs we spoke with are in favor of U.S. federal data privacy legislation. Read on for the reasoning behind their answers.
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Article‘An invaluable asset’: Participants praise opportunity for feedback via GDPR sandboxes
Regulatory sandboxes launched by EU data protection authorities provide firms the opportunity to collaborate and make use of the regulator’s expertise to reduce GDPR compliance risks.
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ArticleOFAC crypto crackdown: Coinbase disclosures under review
Coinbase disclosed certain of its transactions are “under review” by the Office of Foreign Assets Control for potential violations of U.S. sanctions laws. Fellow cryptocurrency platforms BitGo and BitPay have each been fined by the regulator in the last three months.