‘Enforcement 40’ for 2020
Our Sponsors
Join Us On LinkedIn
Join the Securities Litigation and Enforcement Group on LinkedInCompliance Thought Leaders You Should Be Following | GAN Integrity
Compiling a list of thought leaders in ethics and compliance is fun, but so challenging. There are simply too many thoughtful people in this field — which is itself enormous and wide-ranging — to call out everyone worth following. So below is a small slice of the thinkers in corporate ethics and compliance that I […]
$7 Billion Hasn’t Moved The Needle on Financial Crime: Gadfly – The Washington Post
The bigger picture is less encouraging. Despite a cascade of rules, regulations and record-breaking fines, that spending — an additional 5 billion pounds ($7 billion) a year in the U.K. alone — has barely moved the needle. Gauging success in this area may not be an exact science, but if catching dirty money is a […]
The Compliance Podcast Network – Compliance Report
Back in 2011, over a with dinner Howard Sklar, we talked about commentary on the FCPA and in the greater compliance community. That conversation led us to begin the original This Week in FCPA podcast. Howard later went off to the corporate world but I continued our podcasting tradition founding the FCPA Compliance Report in […]
The Watchdogs Keeping Wall Street in Check – The New Yorker
Despite compliance’s reputation as a buzzkill profession, its status rose during the Obama Administration. Regulations implemented after the financial crisis created a need for internal watchdogs, as did the concern raised by prosecutions of banks and hedge funds for mortgage fraud, currency-market rigging, and insider trading. In 2014, the Wall Street Journal went so far […]
Compliance is a Business – Compliance Report
All of this leads me to conclude the DOJ (as well as the Securities and Exchange Commission (SEC)) want to see compliance moved out into the business. This means that Chief Compliance Officers (CCO’s) will need to move past the thinking that simply having a compliance program will be enough to make compliance effective. You […]
Compliance fail: Chinese bank employees publicly spanked for poor performance | Compliance Week
A disturbing video of a Chinese bank’s effort to improve employee performance — through public, violent spankings of employees — was posted yesterday in a BBC article. The video, which will make even the most hardened U.S. compliance officer cringe, shows a line of employees from Changzhi Rural Commercial Bank being subjected to an awful “team-building” workshop in […]
Compliance Officers Fear Greater DOJ Scrutiny of Individuals — CFO.com
Judging from a report released Monday, corporate compliance officers (CCOs) and in-house corporate counsel are unnerved, to say the least, about the specter of heightened scrutiny. Among 78 such people who responded to a survey by law firm DLA Piper, 80% were at least somewhat concerned about the change in tone and tactics from Washington. […]
SEC Charges Company and Executives for Faulty Evaluations of Internal Controls — SEC Press Release
The Securities and Exchange Commission has settled charges against Texas-based oil company Magnum Hunter Resources Corporation and several individuals, including a company consultant, for deficient evaluation of the company’s internal controls over financial reporting, and failures to maintain internal control over financial reporting between Dec. 31, 2011 and Sept. 30, 2013. via SEC Charges Company […]
Expanding personal liability for chief compliance officers: MN federal court decision, proposed NY regulation continue the trend | DLA Piper
A recent decision from a federal district court and a proposed regulation from the New York State Department of Financial Services provide even more reason for compliance officers at financial institutions to install robust anti-money laundering compliance programs. Under the district court decision and proposed regulation, chief compliance officers would be personally subject to both […]
The Year 2016 in Compliance – Compliance Report
… Last week I wrote about my thoughts on some of the significant Foreign Corrupt Practices Act (FCPA) criminal and civil enforcement actions from 2015 and some of the larger corruption stories across the globe. Today I want to peer into the not-to-distant veiled future of 2016 to see where enforcement and compliance may be […]