January 23, 2019 Artificial Intelligence, machine learning
December 28, 2018 anti-money laundering, compliance
If corporate compliance officers need another example to show senior executives why a strong compliance function is so important, the U.K. Financial Conduct Authority has provided one — a monetary fine recently imposed upon a bank CEO personally, for his failure to nurture a strong anti-money laundering compliance program.
December 06, 2018 corporate social responsibility, csr, supply chain
November 26, 2018 aml, banking, financial, monitoring
We’ve developed the Transparint Platform to be the most comprehensive tool for quickly and systematically identifying adverse media and negative news. But we know that many compliance departments still rely on search engines, such as Google, as the main tool to identify negative information. While there are several reasons why this […]
September 20, 2018 FCPA, FCPA enforcement
Corporate compliance professionals had two years to prepare their organizations for the arrival of the European Union’s General Data Protection Regulation earlier this year. Now enforcement of the GDPR is upon us — and early indicators are that GDPR compliance is a matter EU privacy regulators will take seriously. Compliance officers should do the same.
September 12, 2018 FCPA, FCPA enforcement
August 27, 2018
Compliance officers talk constantly about the importance of automation and data analytics, and for good reason: they are crucial to successful management of a modern compliance program. So what’s the relationship between those two forces and third-party automation technology? How should compliance officers plan their strategies for more automation and […]
June 07, 2018 ABAC, Due Diligence, third-party compliance
Corporate compliance officers have another item for their bookshelf: the OECD’s Due Diligence Guidance for Responsible Business Conduct, published on May 31 after three years of consultation and work. The guidance itself is as useful as any other work in the field: available as a free download: 100 pages, and [...]
May 21, 2018
The corporate compliance community was jolted this month by news that Michael Cohen, long-time legal counsel and fixer for President Donald Trump, received millions of dollars from corporations after the 2016 election, supposedly for consulting services on a wide range of matters. That money — at least $4.4 million — […]
May 16, 2018
Panasonic Avionics Corp., a U.S. subsidiary of Panasonic that makes in-flight entertainment systems, settled charges with U.S. regulators on April 30 that it violated the Foreign Corrupt Practices Act for years in the 2000s. The case offers almost every lesson a compliance officer might want to discuss about anti-bribery programs. And Panasonic settled its charges with $280 million in penalties, a two-year deferred-prosecution agreement, and a compliance monitor. Clearly the lessons are worth learning.