Featured Articles:

Obstruction of Justice – A Primer

Our political discourse these days has been focused on three key words – obstruction of justice. Whatever your politics may be, these words and the law surrounding obstruction of justice are important to understand. We do not know if the country will have to endure another impeachment process, but obstruction of justice will be a critical part of the investigation. After all, the impeachment proceedings...

Effective Compliance and the Importance of Accounts Payable Function

As the compliance function has matured, Chief Compliance Officers have built important relationships with related functions that are critical to the compliance function. Over the last few years, we have seen the Justice Department and the SEC focus on company invoice to payment functions as a key area of concern when assessing the effectiveness of a compliance program. Last week, I had the honor of...

The State of Mind of a White Collar Criminal

As a chief compliance officer, it is important to consider the mindset of a criminal. Not to complete tasks and accomplish your objectives. Instead, it is important to understand the criminal mind, what makes them tick and why they engage in criminal behavior. More specifically, when putting together a compliance program, a CCO should consider why an employee would steal, commit bribery or engage in...

Data Privacy and Security – What is the Difference?

Lauren Connell, Managing Associate at The Volkov Law Group, rejoins us for a posting on data privacy and security. Lauren can be reached at lconnell@volkovlaw.com. The terms “Data Privacy and Security” are being thrown around a lot lately. Just recently, England’s health services and medical facilities were shut-down and the target of a ransom note (demanding, of course, payment in bitcoin) to access blocked files....

MoneyGram CCO Pays Civil Penalty

Like any other profession, the compliance profession is not immune to bad apples. Lawyers know the law but have been criminally prosecuted for breaking the law. The same goes for compliance professionals. If the compliance profession wants to build credibility, it has to adopt professional standards and it has to accept when a bad apple is appropriately punished. Instead of claiming that prosecuting CCOs will cause...

The Compliance Profession and the Demand for “Results”

Compliance professionals are riding high. They are the darlings of the corporate governance world, commanding higher salaries, C-Suite positions with access to senior leadership and the board, and an empowered position within major, multinational companies. But there are storm clouds on the horizon. In fact, these storm clouds are inevitable – it is just a matter of when and where they will arrive. What do...

The Danger of Corporate Scandals – When CEOs and Senior Executives Circle the Wagons to Impugn a CCO

We all know the scenario. A corporate scandal breaks, heads will roll and criminal investigators have invaded a company to investigate and prosecute the CEO, senior executives and others. It is a toxic environment when this occurs, and not something you ever want to experience, especially as a legal and/or compliance professional. People can become dangerous when they feel threatened. Corporate leaders, with egos and...

Webinar: Managing Supply Chain Risks

June 6, 2017 12 PM EST Sign Up HERE Global companies face a variety of risks — anti-corruption, sanctions, export controls, antitrust and money laundering are just a few.  Many of these risks, if not all, can be present in the company’s supply chain. In response to this increasing set of risks and enforcement, global companies are integrating compliance strategies to manage its supply chain...

Corporate Shell Games and KYC Requirements

Anti-money laundering professionals are in for a rude awakening. Know Your Customer or KYC requirements are currently kicking up a notch, and will be even more dramatic when the new FinCEN beneficial ownership regulations become effective in 2018. Financial regulators have become much more sophisticated since the financial crash, and the industry should expect even greater regulatory demands. As financial scandals continue to pop up...