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Executive board


The road from CCO to board: What compliance professionals need to know


Chief compliance officers and chief ethics and compliance officers desire progressing to the board more than any other role change, our “Inside the Mind of the CCO” survey found. So, what does it take for compliance to get on a corporate board?

Digital data


Survey: Companies bullish on new tech amid enhanced sanctions scrutiny


Emerging technologies like automation and generative AI are on the radar as difference-makers for businesses serious about keeping pace with increasing regulatory scrutiny toward third-party due diligence and sanctions compliance, a survey conducted by Compliance Week and Certa found.



Book review: Demythologizing money laundering, demystifying AML compliance


Movies and TV shows might have launched a thousand armchair experts on the topic of money laundering, but few can explain how or why it’s done. Ola Tucker’s book, “The Flow of Illicit Funds,” does exactly that.

Albemarle web


DOJ cooperation credit breakdowns: Albemarle, Tysers, H.W. Wood


Nicole Argentieri, acting head of the Department of Justice’s Criminal Division, breaks down where Albemarle, Tysers Insurance Brokers, and H.W. Wood went right—and wrong—on the cooperation credit and remediation fronts as part of their FCPA settlements with the agency.

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Survey: How does your business manage its cybersecurity risks?

Provided by DLA Piper

In anticipation of the SEC’s new cybersecurity incident disclosure rule, Compliance Week and DLA Piper want to know the maturity of your company’s cybersecurity program. Assess your business’s readiness against your peers by taking our survey.

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More from Compliance Week



Automated decision-making tech rules added to crowded CPPA agenda


The California Privacy Protection Agency drafted its rules to apply the rights allowed to residents under the California Consumer Privacy Act to automated decision-making technology used by businesses.



Companies must hold insurers to account on AI use


Insurers embracing artificial intelligence-based technologies might pose serious risks to companies buying insurance if the risk data used to price their insurance premiums is used to train AI algorithms or shared on commonly used chatbots like ChatGPT.

Financial Investigation


One company’s voluntary self-disclosure, two companies’ FCPA settlements


Nicole Argentieri, acting head of the Department of Justice’s Criminal Division, explained how the actions of Jardine Lloyd Thompson Group Holdings coming forward helped bring about the agency’s recent FCPA enforcements against Tysers Insurance Brokers and H.W. Wood.

Binance crypto


Binance’s compliance past, future detailed


There are a slew of compliance lessons to be learned from the $4.3 billion settlement that Binance, the world’s largest cryptocurrency exchange, reached with the U.S. government.

TD Bank

News Brief

TD Bank unit fined $600K by FINRA over email review lapses


TD Private Client Wealth agreed to pay a $600,000 penalty levied by the Financial Industry Regulatory Authority for allegedly failing to review millions of employee emails as required by the self-regulatory organization’s rules.

Kyle Welch, Associate Professor, George Washington University


Digital Transformation of Compliance podcast: GWU Professor Kyle Welch


In this episode of the Digital Transformation of Compliance podcast series, Kyle Welch, a George Washington University associate professor of accountancy, discusses findings from his research on internal whistleblowing and compliance dashboards built by publicly traded U.S. companies to leverage hotline data.


News Brief

SEC continues Dodd-Frank run, passes conflicts in securities trading rule


The Securities and Exchange Commission moved quickly to adopt an unfulfilled mandate of the Dodd-Frank Act to prevent the sale of certain securities if there is a conflict of interest.

Australian Parliament

News Brief

Australia seeks help from businesses under ‘bold and ambitious’ cyber strategy


Australia released an updated cybersecurity strategy that will rely more heavily on public-private partnerships to support the country’s cyber defense efforts.

Singapore money

News Brief

Singapore banks say money laundering risks up after $2B scandal


Risks posed by money laundering and the financing of terrorism have dramatically increased in Singapore, according to a recent survey of the city-state’s financial institutions conducted by the Monetary Authority of Singapore.

U.K. Parliament


All eyes on Companies House in U.K. corporate transparency efforts


The success of the U.K.’s latest legislative efforts to tackle financial crime depends on the capability of transforming what is often regarded as one of the country’s most passive regulators into a proactive—even aggressive—prosecuting authority.

Russia sanctions


No clear path for leniency for U.K. firms navigating Russian sanctions


U.K. companies might be wary of informing regulators they have potentially violated sanctions against Russia over fears they could be publicly criticized for even minor breaches.

FTC building

News Brief

FTC eases AI use investigation process


The Federal Trade Commission approved a measure streamlining its ability to issue civil investigative demands in investigations relating to artificial intelligence use.


News Brief

Binance pleads guilty, fined $4.3B over widespread U.S. law violations


Federal agencies hit Binance with more than $4.3 billion in penalties and imposed multiple compliance monitorships on the virtual currency exchange as punishment for its repeated and intentional violations of U.S. anti-money laundering laws, sanctions, and other regulations.

Rio Tinto

News Brief

Rio Tinto to pay $28M in SEC fraud case


Rio Tinto consented to pay a $28 million fine to resolve charges levied by the Securities and Exchange Commission alleging the mining company and its executives committed fraud by inflating the value of coal assets.

SEC building

News Brief

SkiHawk Capital Partners beats SEC fraud lawsuit


SkiHawk Capital Partners won the dismissal of fraud claims against it, another investment adviser, and their owners and managers by the Securities and Exchange Commission.


News Brief

Medical center to pay $80K for Covid-19 patient info shared with media


Saint Joseph’s Medical Center agreed to pay $80,000 as part of a settlement with the Department of Health and Human Services’ Office for Civil Rights for potential violations of the Health Insurance Portability and Accountability Act.


News Brief

SEC dings Laidlaw and Company over Reg BI lapses


Registered broker-dealer Laidlaw and Company agreed to pay more than $800,000 as part of a settlement with the Securities and Exchange Commission addressing multiple alleged violations of Regulation Best Interest.

Ecuador street

News Brief

British reinsurers Tysers, H.W. Wood settle with DOJ over Ecuador bribes


Two U.K.-based reinsurance brokers, Tysers Insurance Brokers and H.W. Wood, reached separate settlements with the U.S. Department of Justice addressing their participation in a wide-ranging scheme to pay bribes to Ecuadorian government officials.

AI business


Using AI? The SEC wants to know about it


The Securities and Exchange Commission has not yet implemented rules governing use of artificial intelligence but still expects regulated entities to adhere to commonly accepted practices, including disclosure, said an agency enforcement official.


News Brief

CISA guidance provides cyber risk mitigation strategies for healthcare


New guidance released by the Cybersecurity and Infrastructure Security Agency offers best practices for organizations in the healthcare and public health sector to adopt to combat rising cyber threats.


News Brief

Toyota finance arm to pay $60M in CFPB settlement


Toyota Motor Credit Corp. agreed to pay $60 million as part of a settlement with the Consumer Financial Protection Bureau addressing allegations of illegal lending and credit reporting misconduct.



No time like present to tackle thorny problem of off-channel comms


The new messaging on use off-channel communications for business should be clear: What was done before is no more. It cannot continue. The stakes are too high.

Morgan Stanley

News Brief

Morgan Stanley settles with states for $6.5M over mishandled data


Morgan Stanley agreed to pay $6.5 million as part of a settlement with six states requiring the firm to strengthen its data security after actions it took compromised the personal data of millions of customers.


News Brief

French high court orders new trial into $2B fine against UBS


France’s top court struck down a fine of €1.8 billion (U.S. $2 billion) imposed on UBS in 2021 by a lower court, despite upholding a guilty verdict related to money laundering and tax fraud in the Swiss bank’s cross-border activities.

DOJ wall

News Brief

Lifecore Biomedical earns FCPA declination for voluntary self-disclosure


Pharmaceuticals company Lifecore Biomedical won’t face prosecution for apparent violations of the Foreign Corrupt Practices Act after satisfying multiple factors of the Department of Justice’s recently updated voluntary self-disclosure policy.

DOJ building

News Brief

CCO jailed 4 1/2 years for role in $50M Medicare fraud


The chief compliance officer of a defunct pharmacy holding company was sentenced to 4 1/2 years in prison after being found guilty of conspiracy to commit healthcare fraud and wire fraud earlier this year.


News Brief

CFPB fines Enova $15M, orders exec compensation tied to compliance


The Consumer Financial Protection Bureau levied a $15 million fine against nonbank online lender Enova International for “widespread illegal conduct” that violated a previous agency order.


News Brief

SEC adopts Dodd-Frank rule on clearing agency conflicts of interest


The Securities and Exchange Commission continued its recent run of pushing through remaining regulations under the Dodd-Frank Act of 2010 by adopting new rules to mitigate conflicts of interest for security-based swap clearing agencies.


News Brief

Nursing home chain, owner to pay $45.6M in kickbacks case


Prema Thekkek and the six skilled nursing homes she owned through her company, Paksn, agreed to pay $45.6 million in entering a consent judgment with the Department of Justice to resolve allegations employees paid kickbacks to doctors who brought patients to them.

Work phone


How technology can help track off-channel communications use


Establishing a set of policies and procedures to prevent employee use of nonauthorized electronic communications to conduct business is relatively straightforward. The hard part is monitoring compliance.

NatWest building


Experts: ICO apology to ex-CEO does not absolve NatWest of GDPR liability


Just because Alison Rose received a public apology from the U.K. Information Commissioner’s Office regarding the suggestion she might have violated the General Data Protection Regulation doesn’t mean NatWest could avoid sanction.


News Brief

KPMG Japan fined $500K over journal entry quality controls


The Japanese affiliate of Big Four audit firm KPMG was assessed a $500,000 penalty by the Public Company Accounting Oversight Board for quality control deficiencies regarding journal entry testing.

New York healthcare

News Brief

N.Y. hospitals face stiff cybersecurity requirements under proposed rules


New York hospitals would be required to have a cybersecurity program that includes regular cyber risk assessments under newly proposed regulations.



A job never done: Tips for TPRM integration


Taking risk mitigation further and understanding your third parties and their risks can create value for your organization, practitioners discussed as part of a panel at CW’s virtual TPRM and Oversight Summit.


News Brief

Charter Communications fined $25M over stock buyback violations


The Securities and Exchange Commission fined Charter Communications $25 million for violating internal accounting control requirements related to stock buybacks.

Bank of America


Table: SEC, CFTC off-channel communications penalties

2023-11-15T17:00:00+00:00By Compliance Week

The Securities and Exchange Commission and Commodity Futures Trading Commission have combined to levy nearly $2.8 billion in penalties (so far) against firms and their affiliates in response to recordkeeping failures regarding employee use of off-channel communications for business purposes.

Messaging apps


Solving the off-channel communications conundrum


Firms monitoring employee use of off-channel communications for business purposes face numerous obstacles. How much is enough, in the opinion of regulators? How much is too much, in the eyes of employees? Determinations must be made as regulators crack down.

SEC office

News Brief

SEC lauds cooperators, whistleblowers in FY23 enforcement results


A big year for disgorgement helped the Securities and Exchange Commission to its second highest total of financial remedies ordered in a single year in fiscal year 2023.

PwC sign

News Brief

PwC Greece fined $3M for due care, skepticism failures


The Greece-based branch of Big Four audit firm PwC agreed to pay $3 million as part of a settlement with the Public Company Accounting Oversight Board addressing alleged failures in due professional care and appropriate skepticism regarding an audit of a marine fuel logistics company.

London dark

News Brief

SFO investigating $83M of missing client funds by Axiom Ince


The U.K. Serious Fraud Office launched an investigation into collapsed law firm Axiom Ince and an estimated £66 million (U.S. $82.5 million) worth of client funds that went missing.



The five pillars of visibility

2023-11-14T19:30:00+00:00By Hol Thomas-Wrightson, International Compliance Association

Learn key advice on how to raise your professional profile, whether you are working as a compliance professional in a permanent role for one company or as an independent contractor.

CWE2023 Whistleblower panel


Companies must set clear tone under EU whistleblower rules


With a moving target for compliance under the EU’s Whistleblower Directive, the opportunity exists for companies to set their own standards on whistleblowing and engender greater trust among employees, according to a panel at Compliance Week’s Europe conference in London.

Healthcare compliance

News Brief

HHS publishes updated healthcare compliance guidance


New guidance from the Department of Health and Human Services is designed to apply generally to the healthcare industry, from doctors to pharmaceutical manufacturers, and help all such entities self-monitor their compliance and prevent waste, fraud, and abuse.

CWE23 compliance officer panel


Embracing change key to success for compliance officer of tomorrow


Between changes in technology and regulation and worsening geopolitical tensions, the compliance officer is being tested like never before. Those who will succeed in this environment are the ones that will be open to change, a panel discussed at Compliance Week’s Europe conference in London.

Crisis management


Crisis management: Know the facts, keep communications clear


A panel of legal experts breaks down how to handle an all-out crisis, from whom to involve, what to disclose to regulators, and how to conduct a proper investigation.


News Brief

Merged UBS, AI on FINMA’s risk radar


A year of significant change in the Swiss banking sector, including the acquisition of Credit Suisse by UBS, has the country’s financial regulator prioritizing new risk areas on its radar.


News Brief

Axpo Italia fined $10.5M in GDPR case over data processing


Axpo Italia, a producer and trader of renewable energy products, was penalized under the General Data Protection Regulation by the Italian data protection authority for processing inaccurate and outdated personal data of customers.


News Brief

Ex-OneCoin compliance head pleads guilty to fraud role


The former head of legal and compliance at OneCoin pleaded guilty to fraud charges regarding her role in a cryptocurrency marketing scheme that generated more than $4 billion in sales and revenue.

Bank 2024


KPMG report forecasts heighted risk standards for banks in 2024


A new report from KPMG predicted the banking and financial services industries will be hit with unprecedented regulatory intensity in 2024, with regulators expecting compliance deficiencies to be addressed more thoroughly and quicker than ever before.

Morgan Stanley

News Brief

Report: Morgan Stanley AML controls draw Fed scrutiny


The wealth management arm of Morgan Stanley is being probed by the Federal Reserve regarding the controls it has in place to prevent wealthy foreign customers from laundering money, according to a report from the Wall Street Journal.

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