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TOP STORIES


EXPERTS: DELAWARE COURT MCDONALD’S RULING LOWERS BAR ON OFFICER LIABILITY

Mar 10, 2023By Jaclyn Jaeger

The fiduciary duty of oversight that historically has applied only to directors
“applies equally to officers,” including CCOs, the Delaware Court of Chancery
explicitly held in its ruling regarding former McDonald’s Chief People Officer
David Fairhurst.


TEN THINGS I’M EXCITED FOR AT CW NATIONAL 2023

Mar 9, 2023By Kyle Brasseur

Ten weeks before Compliance Week National 2023 kicks off May 15 at the JW
Marriott in Washington, D.C, CW Editor in Chief Kyle Brasseur shares what he’s
looking forward to most at the annual event.


CW SURVEYS


SURVEY: BENCHMARKING THE USE OF TECHNOLOGY IN COMPLIANCE

Provided by FTI Consulting

Compliance Week and FTI want to hear from you regarding your compliance
technology efforts. Take part in this 5-minute survey to help benchmark your
choices against your peers. Your responses will be kept anonymous; survey data
will be collected, analyzed, and reported on an aggregate basis.


UPCOMING WEBCASTS

 * Previous
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 * MARCH 14 | UNDERSTANDING AND MANAGING PSYCHOSOCIAL RISK WITHIN YOUR WORKFORCE
   
   Provided by Avetta


 * MARCH 15 | IMMERSIVE LEARNING: A REVOLUTIONARY WAY TO TRAIN YOUR COMPLIANCE
   TEAM


 * MARCH 16 | WHATSAPP AND OFF-CHANNEL COMMUNICATIONS: LESSONS FOR THE REST OF
   US
   
   Provided by Smarsh


 * MARCH 21 | A SHORTCUT TO THIRD-PARTY DUE DILIGENCE FUNDAMENTALS
   
   Provided by OneTrust ESG


 * MARCH 23 | BUILDING TECH-ENABLED COMPLIANCE IN 2023 AND BEYOND
   
   Provided by PwC


 * MARCH 28 | PIECING TOGETHER CHILD PRIVACY FOR ORGANIZATIONS
   
   Provided by Exterro


 * MARCH 30 | THIRD-PARTY DUE DILIGENCE: A PRACTICAL DEEP DIVE
   
   Provided by OneTrust ESG


 * APRIL 4 | CYBER RISK MANAGEMENT THROUGH AN ECONOMIC LENS
   
   Provided by Mitratech


 * APRIL 13 | FINANCIAL SERVICES COMPLIANCE BEST PRACTICES FOR 2023
   
   Provided by Hitachi


 * APRIL 25 | THE ART OF DATA RETENTION: NAVIGATING THE COMPLIANCE TRIFECTA
   
   Provided by Exterro


 * APRIL 27 | PSYCHOLOGICAL SAFETY: CREATING RESILIENT WORKPLACE CULTURE
   
   Provided by OpenSesame


PARTNER CONTENT


FOSTER A CULTURE OF ETHICAL BEHAVIOR

Provided by OneTrust ESG

Strengthen your ability to monitor, create, and maintain a culture of trust
where your team can thrive.


BEST PRACTICES FROM THE INTERNATIONAL COMPLIANCE ASSOCIATION

 * Previous
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 * CORPORATE CONFORMITY AND ‘BLAME CULTURE’


 * IS THREAT OF REGULATORY CENSURE A RISK WORTH TAKING?


 * LESSONS IN PREVENTING AML FAILURES


 * MANAGING SANCTIONS RISK: KEYS TO SUCCESSFUL IMPLEMENTATION


 * JOINING THE DOTS BETWEEN ESG AND CORRUPTION


 * REGULATORY INDEPENDENCE VITAL IN U.K.’S FIGHT AGAINST FRAUD


 * UNDERSTANDING ‘GREEN HUSHING’ AND ITS RISKS


DATA AND RESEARCH


COMPLIANCE WEEK PRESENTS: ‘A TALE OF TWO STORMS’


SURVEY: CYBERSECURITY, REGULATORY RISKS LEAD TPRM PRIORITIES IN 2023


SURVEY: MEASURING THE IMPACT OF CODE OF CONDUCT TRAINING


SURVEY: HOW BUSINESSES ARE CONFRONTING GOVERNMENTAL LICENSES IN M&AS


SURVEY: FIRMS EARLY TO PREP FOR SEC’S CLIMATE-RELATED DISCLOSURE RULE


DESIRE FOR TRANSPARENCY LAUNCHES FEDEX ON ESG JOURNEY


CW CASE STUDY OFFERS 360-DEGREE VIEW OF RANSOMWARE ATTACK


CW PRESENTS: ‘COMING CLEAN: VOLKSWAGEN’S DIESELGATE SCANDAL AND COMPLIANCE
MONITORSHIP’


COMPLIANCE WEEK PRESENTS: ‘A TALE OF TWO STORMS’


SURVEY: CYBERSECURITY, REGULATORY RISKS LEAD TPRM PRIORITIES IN 2023


 * SURVEY: CYBERSECURITY, REGULATORY RISKS LEAD TPRM PRIORITIES IN 2023


 * SURVEY: MEASURING THE IMPACT OF CODE OF CONDUCT TRAINING


 * SURVEY: HOW BUSINESSES ARE CONFRONTING GOVERNMENTAL LICENSES IN M&AS


 * SURVEY: FIRMS EARLY TO PREP FOR SEC’S CLIMATE-RELATED DISCLOSURE RULE


 * DESIRE FOR TRANSPARENCY LAUNCHES FEDEX ON ESG JOURNEY


 * CW CASE STUDY OFFERS 360-DEGREE VIEW OF RANSOMWARE ATTACK


 * CW PRESENTS: ‘COMING CLEAN: VOLKSWAGEN’S DIESELGATE SCANDAL AND COMPLIANCE
   MONITORSHIP’


 * COMPLIANCE WEEK PRESENTS: ‘A TALE OF TWO STORMS’

 * Previous
 * Next


PARTNER CONTENT

 * Previous
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 * WHITE PAPER: OPTIMIZING MODERN ESI INVESTIGATIONS TO FIND THE FACTS SWIFTLY
   
   Provided by OpenText


 * NEW INSIGHTS FOUND – KROLL’S ABC BENCHMARKING REPORT
   
   Provided by Kroll


 * WHITE PAPER: EFFICIENT DATA PRIVACY COMPLIANCE USING EDISCOVERY WORKFLOWS
   
   Provided by OpenText


 * ONLY 1 IN 8 COMPLIANCE PROFESSIONALS HAVE THIS
   
   Provided by Sinequa


 * WHITE PAPER: THE UK ONLINE SAFETY BILL & EU DIGITAL SERVICES ACT – ARE YOU IN
   SCOPE?
   
   Provided by Image Analyzer


 * WOMEN IN ENTERPRISE RISK WEBINAR: REGISTER NOW
   
   Provided by Camms


 * COMPLIANCE GUIDE: WHY EKYC ISN’T ENOUGH
   
   Provided by Jumio


 * THE SLACK FIELD GUIDE FOR COMPLIANCE TEAMS
   
   Provided by Pagefreezer


 * LEASE ACCOUNTING SOLUTION TRANSITION (LAST) PLANNER
   
   Provided by Visual Lease


 * DAWN OF END-TO-END AML COMPLIANCE
   
   Provided by Jumio


 * COMPLIANCE TRAINING THAT STICKS
   
   Provided by OnCourse Learning


 * WEBINAR: AUTOMATING COMPLIANCE TO IMPROVE RISK POSTURE
   
   Provided by OneTrust GRC


 * REMOTE ONBOARDING: HOW BANKS ARE CHANGING THE GAME
   
   Provided by Jumio


 * THE ABCS OF EKYC
   
   Provided by Jumio


 * WHITE PAPER: 5 WAYS TO REDUCE DOCUMENT SPRAWL DURING AUDITS
   
   Provided by Suralink


 * THE COST OF THIRD-PARTY CYBERSECURITY RISK MANAGEMENT
   
   Provided by CyberGRX


 * WHITE PAPER: FILE SHARING FOR FINANCIAL SERVICES AND BANKING INDUSTRY
   
   Provided by Egnyte


 * WHITE PAPER: CCPA & IDV FOR VERIFIABLE CONSUMER REQUESTS
   
   Provided by IDology


 * IS UNSTRUCTURED DATA PUTTING YOU AT RISK?
   
   Provided by PKWare


 * TRANSFORMING THE AUDIT WITH TECHNOLOGY
   
   Provided by BlackLine Systems


 * WHITE PAPER: LEVERAGING MICROSOFT OFFICE 365 FOR POLICIES AND PROCEDURES
   MANAGEMENT
   
   Provided by ConvergePoint


 * COBIT 2019 FRAMEWORK
   
   Provided by ISACA


 * LEASE ACCOUNTING IMPLEMENTATION EBOOK
   
   Provided by Wolters Kluwer


 * 2019 GARTNER MAGIC QUADRANTS FOR AUDIT & COMPLIANCE
   
   Provided by RSA


 * EARN AN ONLINE MASTER’S DEGREE IN COMPLIANCE
   
   Provided by Samford University


 * WHITE PAPER: 2019 CCO PLAYBOOK
   
   Provided by ComplySci


 * WHITE PAPER: MITIGATE PRIVACY RISKS AND EXPLOIT VALUABLE DATA
   
   Provided by Veritas


 * YOUR COMPLIANCE ACTION PLAN
   
   Provided by Mimecast


 * SOLVE YOUR THIRD-PARTY CYBER-SECURITY RISK
   
   Provided by RiskRecon


OPINION


 * LEGACY OF CCPA: A BLUEPRINT FOR PRIORITIZING COMPLIANCE
   
   Mar 2, 2023By Kyle Brasseur


 * LESSONS IN CYBERSECURITY: CONTROL THE BREACH NARRATIVE
   
   Feb 23, 2023By Kyle Brasseur


 * BOOK REVIEW: WHY REVAMPING PROCUREMENT BENEFITS BUSINESS—AND COMPLIANCE
   
   Feb 16, 2023By Aly McDevitt


MORE FROM COMPLIANCE WEEK


FLUTTER ENTERTAINMENT TO PAY $4M FOR LEGACY FCPA VIOLATIONS

Mar 7, 2023By Aaron Nicodemus

Ireland-based gaming and sports betting company Flutter Entertainment will pay a
$4 million fine to resolve SEC charges payments made to Russian consultants by a
company it acquired violated the Foreign Corrupt Practices Act.


SEC ORDERS RIO TINTO TO PAY $15M OVER FCPA VIOLATIONS

Mar 7, 2023By Aaron Nicodemus

U.K.-based mining and minerals company Rio Tinto will pay a $15 million fine to
settle charges of violating the Foreign Corrupt Practices Act when it entered
into a scheme with a consultant in 2011 to bribe government officials in Guinea.


SEC COMMISSIONER ADVOCATES BLANKET COMPLIANCE DELAYS FOR SMALL COMPANIES

Mar 7, 2023By Kyle Brasseur

Smaller reporting companies should, by default, have delayed compliance dates of
at least one year on any new disclosure rule, SEC Commissioner Mark Uyeda said
in a recent speech.


GOOGLE, UBER CCOS SHARE APPROACHES TO DATA ANALYTICS

Mar 7, 2023By Jaclyn Jaeger

The chief compliance officers of Google and Uber offer insight into how their
data analytics compliance programs have evolved amid enhanced scrutiny on use of
technology from the Department of Justice.


SEC FINES BROKER-DEALER $100K OVER SARS REPORTING FAILURES

Mar 6, 2023By Jeff Dale

Cambria Capital agreed to pay $100,000, hire an independent anti-money
laundering consultant, and be censured for failing to file suspicious activity
reports on certain transactions over a two-year period, according to
the Securities and Exchange Commission.


U.S. AUTHORITIES LIST RED FLAGS FOR SANCTION EVASION BY THIRD PARTIES

Mar 6, 2023By Aaron Nicodemus

The Bureau of Industry and Security, Office of Foreign Assets Control, and
Department of Justice issued guidance to highlight common methods bad actors use
to evade sanctions and export controls on Russia and how to spot their use.


ERICSSON TO PAY $207M FOR BREACHES OF 2019 DPA OVER FCPA VIOLATIONS

Mar 3, 2023By Adrianne Appel

Swedish telecommunications company Ericsson agreed to pay nearly $207 million
following two breaches of its 2019 deferred prosecution agreement with U.S.
authorities.


DOJ SETS NEW COMPLIANCE CRITERIA FOR CRIMINAL INVESTIGATIONS

Mar 3, 2023By Aaron Nicodemus

The Department of Justice announced changes to its evaluation procedures for
corporate compliance programs in criminal investigations, including monitoring
off-channel messaging by employees, executive compensation programs, and how the
agency selects compliance monitors.


PRIVACY SHIELD REPLACEMENT ON TRACK, THOUGH HURDLES REMAIN

Mar 3, 2023By Neil Hodge

The agreement on a new framework for transatlantic data flows between the United
States and European Union could be finalized this year. Whether it can stand
legal scrutiny is the real question.


DOJ TO IMPLEMENT NEW CLAWBACK, COMPENSATION POLICIES FOR CORPORATE SETTLEMENTS

Mar 2, 2023By Aaron Nicodemus

Corporate resolutions involving the Department of Justice’s Criminal Division
will now include a requirement the resolving company develop
compliance-promoting criteria within its compensation and bonus system,
according to Deputy Attorney General Lisa Monaco.


FTC PROPOSES BETTERHELP PAY $7.8M FOR SHARING HEALTH DATA

Mar 2, 2023By Adrianne Appel

The Federal Trade Commission proposed requiring online counseling service
BetterHelp to pay $7.8 million as part of a settlement addressing charges it
shared clients’ personal health data with Facebook, Snapchat, and other third
parties for advertising purposes.


GODFREY PHILLIPS INDIA TO PAY $333K IN NORTH KOREA SANCTIONS CASE

Mar 2, 2023By Adrianne Appel

Tobacco company Godfrey Phillips India agreed to pay $332,500 to the Office of
Foreign Assets Control to settle charges it violated U.S. sanctions by involving
U.S. banks and bank personnel in payments for shipments to North Korea.


GREENBRIER COMPANIES FINED BY SEC OVER CEO PERK DISCLOSURES

Mar 2, 2023By Aaron Nicodemus

Greenbrier Companies and its former chief executive officer will pay a total of
$1.1 million to settle charges from the Securities and Exchange Commission the
firm failed to disclose perks related to the use of a private jet owned by the
CEO.


ITALIAN DPA FINES EDISON ENERGIA $5.2M OVER GDPR LAPSES

Mar 2, 2023By Kyle Brasseur

The Italian data protection authority penalized electric utility company Edison
Energia for multiple alleged violations of the General Data Protection
Regulation regarding marketing communications and data processing transparency.


ANTI-ESG FERVOR CATCHING FIRE WITH REPUBLICAN LAWMAKERS

Mar 2, 2023By Aaron Nicodemus

The blowback against environmental, social, and governance initiatives in
investments and corporate strategies is quickly building momentum in
conservative politics, with nearly two dozen states proposing bills that limit
ESG investments.


EX-CCO GETS THREE YEARS IN PRISON FOR WIRE FRAUD

Mar 1, 2023By Adrianne Appel

A former chief compliance officer of an unnamed New York-based investment
adviser was sentenced to three years in prison for defrauding clients and her
employer.


MARCUM PARTNER ACCUSED OF PCAOB STANDARD VIOLATIONS AT FTE NETWORKS

Mar 1, 2023By Aaron Nicodemus

Marcum partner Alan Markowitz was accused of violating standards of the Public
Company Accounting Oversight Board when he took a client’s false representations
at face value during an audit without seeking more information.


FINMA: CREDIT SUISSE ‘SERIOUSLY BREACHED’ DUTY REGARDING GREENSILL

Mar 1, 2023By Aaron Nicodemus

Poor risk management by Credit Suisse’s asset management company kept the bank
mostly unaware of the risky nature of lending procedures used by Lex Greensill
that would lead to the collapse of Greensill Capital, according to Switzerland’s
Financial Market Supervisory Authority.


CALIFORNIA ‘SETTING THE TONE’ FOR PRIVACY PUSH WITH CPRA UPDATES

Mar 1, 2023By Adrianne Appel

Changes to the California Consumer Privacy Act set to come over the course of
2023 strengthen the nation’s first comprehensive state privacy law to a
benchmark no other states have yet to equal.


FTC ATTORNEY WARNS OF SCRUTINY TOWARD AI CLAIMS IN MARKETING

Feb 28, 2023By Adrianne Appel

The Federal Trade Commission is keeping close watch on companies that use the
term “artificial intelligence” when marketing their products.


HHS CREATES NEW ENFORCEMENT OFFICE FOR HEALTH PRIVACY

Feb 28, 2023By Adrianne Appel

The Department of Health and Human Services and its office responsible for
enforcing health privacy reorganized so it can sharpen enforcement of
cybersecurity and data breaches.


SEC COMMISSIONERS QUESTION BEST EXECUTION RULING IN HUNTLEIGH ADVISORS CASE

Feb 28, 2023By Aaron Nicodemus

Huntleigh Advisors and affiliate Datatex Investment Services agreed to pay
$893,502 to settle charges laid by the Securities and Exchange Commission
regarding failure to disclose conflicts of interest to their advisory clients
over eight years.


STANLEY BLACK & DECKER DISCLOSES POTENTIAL FCPA VIOLATIONS

Feb 28, 2023By Aaron Nicodemus

Stanley Black & Decker voluntarily disclosed to the Department of Justice and
Securities and Exchange Commission its international division might have
violated the Foreign Corrupt Practices Act.


CONGRESS OR FTC? WHAT ABOUT SEC? WHERE U.S. FEDERAL PRIVACY LEGISLATION EFFORTS
STAND IN 2023

Feb 28, 2023By Aaron Nicodemus

As more state laws hit the books, businesses are more adamant than ever Congress
needs to pass a federal data privacy law. If lawmakers don’t rise to the
occasion, which government agency might?


RULING IN EXPERIAN GDPR CASE THRUSTS ‘LEGITIMATE INTEREST’ INTO SPOTLIGHT

Feb 28, 2023By Neil Hodge

Experian won a legal battle against the U.K. Information Commissioner’s Office
after the data regulator ordered the credit reference agency to make
“fundamental changes” over the way it handled personal data for direct marketing
purposes or stop altogether.


QUALTRICS DISCLOSES ICFR WEAKNESS IN IT CONTROLS

Feb 27, 2023By Adrianne Appel

Software company Qualtrics disclosed the discovery of a material weakness in its
internal control over financial reporting for the 2022 fiscal year.


SOUTH AFRICA, NIGERIA ADDED TO FATF’S AML/CFT WATCHLIST

Feb 27, 2023By Aaron Nicodemus

The Financial Action Task Force placed Nigeria and South Africa on its list of
countries requiring increased monitoring because of deficiencies in their
regimes to counter money laundering, terrorist financing, and proliferation
financing.


PROBE INTO GOLDMAN SACHS’ CREDIT CARD PRACTICES EXPANDS

Feb 27, 2023By Aaron Nicodemus

Goldman Sachs Group disclosed more regulators—beyond the Consumer Financial
Protection Bureau—are investigating its credit card account management
practices.


BEST PRACTICES FOR NAVIGATING CHANGING U.S. DATA PRIVACY LANDSCAPE

Feb 27, 2023By Adrianne Appel

With five new or amended state laws set to hit the books in 2023, companies
would be wise to ensure their data privacy compliance house is in order—and
start preparing for the next wave of legislation.


CLOUD ‘NOT A SILVER BULLET’ FOR SECURITY

Feb 24, 2023By Aly McDevitt

A panel of cyber experts and a chief compliance officer in financial services
discussed the business risks, threat vectors, and vendor ‘gotchas’ associated
with transitioning to a cloud provider at CW’s virtual Cyber Risk & Data Privacy
Summit.


‘THIS IS WHERE WE ARE NOW’: CYBER ENVIRONMENT CALLS FOR CONTINUOUS MONITORING

Feb 24, 2023By Adrianne Appel

Securing your organization’s private data when vendors have access to it means
managing relationships from beginning to end, panelists at CW’s virtual Cyber
Risk and Data Privacy Summit agreed.


OFAC IMPOSES NEW SANCTIONS TO MARK ANNIVERSARY OF RUSSIA’S UKRAINE INVASION

Feb 24, 2023By Aaron Nicodemus

The Office of Foreign Assets Control unveiled a slew of new sanctions against
financial services firms and individuals that either support Russia’s war effort
or have been judged to be undermining existing U.S. sanctions.


HHS PROPOSAL AIMS TO ‘SHINE A LIGHT’ ON NURSING HOME OWNERSHIP

Feb 23, 2023By Adrianne Appel

It is still too early in the rulemaking process to know what will be included in
the Biden administration’s final rule on transparency of nursing home ownership,
but there are some steps facilities can take to prepare, according to experts.


CORNERSTONE HEALTHCARE GROUP TO PAY $21.6M OVER FALSE CLAIMS

Feb 23, 2023By Adrianne Appel

Cornerstone Healthcare Group will pay more than $21.6 million to settle
allegations it filed false claims to Medicare by inflating the cost of services,
billing for unauthorized services, and other violations initially brought
forward by a whistleblower.


DOJ PUBLISHES VOLUNTARY SELF-DISCLOSURE POLICY FOR CORPORATIONS

Feb 23, 2023By Aaron Nicodemus

The Department of Justice codified a new policy regarding the voluntary
self-disclosure of corporate misconduct, following recent announcements on the
updates by agency officials.


CHATGPT COMES WITH COMPLIANCE CAVEATS, EXPERTS WARN

Feb 23, 2023By Aaron Nicodemus

There are downsides to every new technology, and artificial intelligence and
machine learning are no exception. Experts discussed the importance for
compliance professionals to understand the risks of such tools at CW’s virtual
Cyber Risk & Data Privacy Summit.


SEC FINES SPAC $104K FOR CONTROL FAILURES THAT ENABLED CFO EMBEZZLEMENT

Feb 22, 2023By Aaron Nicodemus

African Gold Acquisition Corp. will pay a $103,591 fine for allegedly having
flawed internal controls, reporting, and recordkeeping procedures that allowed
its former chief financial officer to drain approximately $1.2 million from its
bank account.


SEC CITES CCO ERROR IN HITE HEDGE SHORT SELLING CASE

Feb 22, 2023By Adrianne Appel

Investment advisory firm HITE Hedge Asset Management and its private fund
clients agreed to pay more than $220,000 to settle allegations the firm violated
a Securities and Exchange Commission rule concerning short selling.


WELLS FARGO PROBED FOR EMPLOYEE USE OF OFF-CHANNEL COMMUNICATIONS

Feb 22, 2023By Aaron Nicodemus

The Securities and Exchange Commission and Commodity Futures Trading Commission
are investigating Wells Fargo regarding employees’ improper use of off-channel
communications to conduct business and the bank’s recordkeeping of those
communications.


EU HANDBOOK TOUTS DIVERSE PRACTICES FOR COMBATING CORRUPTION

Feb 22, 2023By Neil Hodge

The European Commission published a collection of best practices from each
European Union member state that companies and compliance officers might find
useful to combat corruption.


TREASURY NO. 2 WARNS OF INCREASED RUSSIAN SANCTIONS ENFORCEMENT

Feb 22, 2023By Kyle Brasseur

Deputy Secretary of the Treasury Wally Adeyemo said the agency is primed to step
up its enforcement efforts regarding sanctions and export controls announced
against Russia in the year since the country invaded Ukraine.


HHS REPORTS: COMPLIANCE REVIEWS, HEALTH DATA BREACHES UP

Feb 21, 2023By Adrianne Appel

The number of compliance reviews by the Department of Health and Human Services
of health organizations increased between 2017 and 2021, according to the
agency’s latest reports to Congress.


MORMON CHURCH, INVESTMENT MANAGER PAY $5M FOR MISSTATING ASSET OWNERSHIP

Feb 21, 2023By Aaron Nicodemus

The Church of Jesus Christ of Latter-day Saints and its investment advisory firm
agreed to pay a total of $5 million to settle charges from the Securities and
Exchange Commission that both entities conspired to obscure the value of the
church’s investments.


RAIFFEISEN CONFIRMS OFAC PROBE INTO RUSSIA, UKRAINE BUSINESS

Feb 21, 2023By Aaron Nicodemus

Raiffeisen Bank International said it received a request for information from
the Treasury Department’s Office of Foreign Assets Control regarding its
business activities related to Russia and Ukraine.


CYBERSECURITY PILLARS: PREVENTION, PROTECTION, MITIGATION, GOVERNANCE

Feb 21, 2023By Jeff Dale

The former superintendent of the New York State Department of Financial Services
explained how the structure of a cybersecurity program is like a compliance
program and can be divided into four buckets during a panel discussion at CW’s
Cyber Risk & Data Privacy Summit.


SEC, CFTC ORDER OPTIONS CLEARING CORP. TO PAY $22M OVER INTERNAL RULE FAILURES

Feb 17, 2023By Adrianne Appel

Options Clearing Corp. agreed to pay $22 million as part of settlements with the
Securities and Exchange Commission and Commodity Futures Trading Commission
addressing charges the company failed to comply with internal rules to manage
risks.


DOJ OFFICIAL DEFENDS USE OF DPAS AMID CRITICISMS

Feb 17, 2023By Aaron Nicodemus

Deputy Assistant Attorney General Lisa Miller spoke to the value of deferred
prosecution agreements to resolve corporate misconduct amid renewed criticism
directed toward the Department of Justice’s 2021 agreement with Boeing.


GDPR PUSH FOR PRIVACY BY DESIGN STILL ‘A LONG WAY OFF’

Feb 16, 2023By Neil Hodge

Italy’s data protection authority banned U.S.-based AI chatbot creator Replika
from processing the personal data of Italian users because of risks the service
posed to minors and vulnerable people—the latest example of a tech company’s
product running afoul of the GDPR.


FRC PROBING PWC AUDITS AT COLLAPSED PROPERTY GROUP INTU

Feb 16, 2023By Kyle Brasseur

The U.K. Financial Reporting Council launched an investigation into Big Four
firm PwC’s audit work at collapsed real estate investment trust Intu Properties.


SEC PROPOSES EXPANSION OF RIA CUSTODY RULE

Feb 15, 2023By Aaron Nicodemus

The Securities and Exchange Commission proposed registered investment advisers
be required to place nearly any asset, not just cash and securities, with
qualified custodians, thereby expanding the scope of client assets.


LATEST NEWS


 * FIVE MORE BOARD MEMBERS RESIGN IN DOJ ANTITRUST SWEEP
   
   Mar 9, 2023 9:13 PM


 * WEBULL FINED $3M FOR FAILING TO PROPERLY SUPERVISE AUTOMATED TRADING SYSTEM
   
   Mar 9, 2023 5:57 PM


 * ENERGY BROKER COQUEST FINED BY CFTC IN BLOCK TRADE MANIPULATION CASE
   
   Mar 9, 2023 5:43 PM


 * U.K. MOVES FORWARD WITH GDPR REFORM BILL
   
   Mar 9, 2023 3:32 PM


 * CFPB, NLRB TO COLLABORATE ON MONITORING EMPLOYEE SURVEILLANCE
   
   Mar 8, 2023 10:40 PM


 * PWC FINED $6.6M OVER BABCOCK INTERNATIONAL, DEVONPORT AUDIT BREACHES
   
   Mar 8, 2023 5:17 PM


CW ACCEPTING NOMINATIONS FOR 2023 ‘EXCELLENCE IN COMPLIANCE AWARDS’

Nominations are open for Compliance Week’s fourth annual “Excellence in
Compliance Awards,” with winners to be recognized at our 2023 National
Conference from May 15-17 in Washington, D.C.

INTERESTED IN WRITING FOR COMPLIANCE WEEK?

COMPLIANCE WEEK ACCEPTS OUTSIDE CONTRIBUTIONS FROM CORPORATE CHIEF COMPLIANCE
OFFICERS AND OTHER SENIOR-LEVEL GRC PRACTITIONERS. TO LEARN MORE, CONTACT EDITOR
IN CHIEF KYLE BRASSEUR.


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E-BOOKS


E-BOOK: WEIGHING RISK/REWARD OF ARTIFICIAL INTELLIGENCE

Provided by IDology

The need to keep pace with technology is paramount for compliance departments.
Regulators have high expectations that risks are being properly managed during
new tech implementation.


E-BOOK: TOP TPRM PRIORITIES IN 2023

Provided by Dun & Bradstreet

Respondents to a survey from Compliance Week and Dun & Bradstreet overwhelmingly
indicated cybersecurity to be the most important compliance-related area
affecting third-party risk management in the new year, though fraud and other
risks should still be on their radar.


E-BOOK: TPRM: NO ONE-SIZE-FITS-ALL APPROACH

Provided by PwC

Companies can’t do it all in terms of managing every risk from every possible
third party. To begin, they must define their vision and strategy.


E-BOOK: ‘INSIDE THE MIND OF THE CCO’ ON THE 2022-23 COMPLIANCE LANDSCAPE

Provided by Avetta

Twenty years removed from the passage of the Sarbanes-Oxley Act, compliance has
established itself as a key component of the global business landscape. And yet,
2022 brought new priorities to the fore for many in the profession.


E-BOOK: MEASURING THE IMPACT OF CODE OF CONDUCT TRAINING

Provided by Traliant

In the past, compliance training was regarded by companies as optional.
Organizations can no longer afford to take that view.


THOUGHT LEADERSHIP


WHITE PAPER: FUTURE-PROOFING YOUR INVESTMENT COMPLIANCE

Provided by Linedata

Seismic change is afoot for asset managers’ investment compliance programs given
the significant uplift in SEC proposed rules for investor protection combined
with demands for greater transparency.


WHITE PAPER: HOW COMPLIANCE CAN PREVENT RISK AND RAPIDLY RESPOND TO CHANGE

Provided by BRYTER

The compliance and risk landscape grows more complex each day, and the rate of
change in the space is only accelerating.


WHITE PAPER: COMPLIANCE & CONVERSIONS: HOW FINTECHS HAVE BOTH WITH VERIFF

Provided by Veriff

In this exclusive eBook from Veriff, discover the current state of compliance
surrounding fintechs.


UPCOMING WEBCASTS


MARCH 14 | UNDERSTANDING AND MANAGING PSYCHOSOCIAL RISK WITHIN YOUR WORKFORCE

Provided by Avetta


MARCH 15 | IMMERSIVE LEARNING: A REVOLUTIONARY WAY TO TRAIN YOUR COMPLIANCE TEAM

By Compliance Week


MARCH 16 | WHATSAPP AND OFF-CHANNEL COMMUNICATIONS: LESSONS FOR THE REST OF US

Provided by Smarsh


MARCH 21 | A SHORTCUT TO THIRD-PARTY DUE DILIGENCE FUNDAMENTALS

Provided by OneTrust ESG


MARCH 23 | BUILDING TECH-ENABLED COMPLIANCE IN 2023 AND BEYOND

Provided by PwC


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