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Welcome to New Sponsor Trulioo: A Leading Global Identity and Business Verification Provider I am proud to announce a new sponsor, Trulioo, a cutting-edge identity and business verification solutions provider. Trulioo's products assist global companies with identity verification for Know Your Customer (KYC) requirements and business verification
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Global companies are getting compliance overload, especially when it comes to third party risks. As we have seen over the years, third-party risk management involves significant risks on anti-corruption, AML, fraud, sanctions, human trafficking and a host of other threats to a company’s reputational standing. But that
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When you survey business leaders on significant risks, they invariably cite cybersecurity as number one and anti-corruption as number two. For global businesses, this makes total sense. Cyber-crime damage is estimated to hit $6 trillion annually by 2021, according to a study by Cybersecurity Ventures (here). Information security
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Companies are correctly focused on cybersecurity risks. Notwithstanding this focus, companies are struggling with how to respond to threats and risks. Cybersecurity threats are quickly evolving – akin to the time when countries engaged in military arms races. As they evolve, companies have to embrace proactive strategies and cannot rely on
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Our goals can only be reached through a vehicle of a plan, in which we must fervently believe, and upon which we must vigorously act. There is no other route to success -- Pablo Picasso The chief compliance officer is at an important professional juncture – 2018 is an important year for
Podcasts
As more companies implement ethics and compliance programs, chief compliance officers are increasingly focusing on the need to test and evaluate their compliance program. An effective testing program provides important information that compliance officers can use to improve their respective compliance programs. In this episode, Michael Volkov and Jacqui Merrill,
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It is rare these days for Republicans and Democrats to agree on political priorities – another profound grasp of the obvious. Recently, on Capitol Hill there appears to be some common ground on the issue of reforming AML laws and regulations. The motivation is to make financial AML regulations “smarter” and
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Compliance officers are a much more collaborative group of professionals than lawyers. Compliance officers share information with colleagues about compliance experiences, best practices and strategies. The compliance industry benefits from this sharing of information. On occasion, however, this sharing of a company’s performance in one area can lead to
Events
Webinar: How to Implement an Effective Internal Investigation Program Tuesday, February 6, 2018, 12 noon EST SIGN UP HERE An effective ethics and compliance program depends on an efficient internal investigation function. Corporations have to design and implement an internal investigation system that is fair, timely and reliable. To do
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Regulators and enforcement agencies continue to pursue aggressive regulations and requirements for financial institutions (a very broad definition under Title 31 of the US Code and regulations). The new administration does not show any signs of altering the course of agency priorities. Money laundering, sanctions and securities enforcement has continued
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Financial institutions face enormous pressures with respect to anti-money laundering compliance. These burdens are about to grow with implementation of customer due diligence rules. In 2017, federal and state regulators stepped up AML enforcement. Here is a quick rundown of some of the enforcement actions: Citibank paid a $70
Podcasts
Jean-Michel Ferat, a leading FCPA Forensic Accountant, and Senior Managing Director at Ankura Consulting, joins Michael Volkov, in Episode 21 of the Podcast, Corruption Crime & Compliance. Jean-Michel Ferat is a leading forensic accountant and has vast experience in uncovering complex bribery schemes and financial crimes. Jean-Michel