You can always count on LRN as a consistent source of important ethics and compliance program trends and insights. In its latest report, LRN provided important insights on company Codes of Conduct. The last report from LRN on this topic was in 2023. LRN’s Report included a comprehensive review of nearly 200 global Codes and a new survey from over 2,000 employees across 15 countries. ...
Compliance has its lingo — and one particular one I like, Third-Party Risk Management or “TPRM.” Years ago, everyone cited third-party risks. Now, we use TPRM as if everyone knows exactly what it stands for. The language usually evolves with the substance. And that is certainly true. The coverage of third-party risk has expanded with the years to embrace many new risks, issues and challenges....
The 1990s saw the explosion of the internet, transforming the global economy and social development in ways we could have never imagined. But will AI truly have the same impact? While its potential is undeniable, the road ahead is full of risks, challenges, and ethical concerns. Will AI drive efficiency and innovation, or will it create new vulnerabilities that companies must scramble to control? In...
When evaluating AI risks, legal, ethics and compliance professionals need to divide the question into two — first, what are risks from legal, ethics and compliance internal use of AI? and second, what are business risks from employing AI capabilities in specific functions and use cases? Sometimes ethics and compliance professionals are surprised to learn that certain functions — finance, security, HR or others —...
Not to sound like a broken record — but we are consistently asking the compliance community the same question. As far back as March 2013, on this very blog, I wrote a posting — The Future of Compliance — What Will the New Tools Look Like? To avoid being trite, but technology is moving so fast with blockchain, artificial intelligence and data analytics, we have...
October 29, 2024 11 AM EST Sign Up Here Global companies are being challenged with rapidly expanding third-party risks. Cybersecurity, data privacy, and new technologies, such as artificial intelligence, are exponentially expanding third-party risks. The traditional constellation of legal and compliance now includes technology risks that require compliance professionals to collaborate with technology partners and build multi-discipline risk mitigation strategies. Volkov Law is honored to...
The Justice Department announced yet another version of its Evaluation of Corporate Compliance Programs. As everyone knows, the Justice Department’s guidance carries talismanic significance — it is an important document that provides important direction on the design and implementation of an effective compliance program. DOJ understands the importance of this document. In recognition of evolving technology and compliance program innovations, DOJ updated its guidance to...
We are pleased to announce that Certa has agreed to sponsor Corruption Crime & Compliance. We look forward to collaborating with Certa and its incredible team of professionals and thought leaders. Certa is a pioneer and innovative provider of a third-party risk management solution, which empowers Fortune 500 firms with advanced AI-driven solutions for global compliance, risk and management and ESG. Certa’s innovative platform blends...
The new compliance cottage industry surrounds artificial intelligence. We are at such an early stage of AI development — companies are still figuring out how they can employ the technology. Some industries, such as financial institutions, however, have been using AI for fraud detection and other issues. I expect financial institutions will set the tone for much of compliance practices around AI. There is no...
I always enjoy retrospective “year in review” postings to start off the new year. For years, I have sought to identify and capture important compliance trends, typically focused on specific professionals in the compliance arena. This year, however, is a little different. Compliance is at an important inflection point. Corporate business headlines have been dominated by technology issues. I am not convinced that these headlines...
