Chief compliance officers and human relations leaders are facing enormous challenges in this COVID-19 pandemic. The shut-down of offices and orders to employees to work from home or “tele-work” creates a unique set of risks. Many companies already permit employees to work from home. But we have never experienced a requirement that employees work from home. Some jobs cannot be done from home, while others...
Elizabeth Slim, Senior Consultant at The Volkov Law Group, joins us for a posting on AML and BSA compliance during the current pandemic crisis. Elizabeth can be reached at [email protected]. The COVID-19 outbreak has affected all of us and we now face the new normal of self-quarantine and social distancing. As Anti-Money Laundering (AML) professionals, we are still required to ensure that financial institutions maintain...
Companies dedicate time and resources to enterprise risk management. This is a much broader focus than legal and compliance risks – instead, enterprise risks identifies some of the major catastrophes — e.g. one company had serious weather event risks and disruption of manufacturing activities or another faced supply chain risks when relying on a single source of supply. These are the kind of global enterprise...
These are scary times. We have not experienced such a crisis in our lifetimes. 9-11 was a traumatic event with a tragic impact on our country. The COVID-19 crisis is presenting all of us with enormous challenges. Health and safety is our primary concern while the COVD-19 virus spreads. Our economy is being devastated by the need to ensure health and safety of our country. ...
The future doesn’t belong to the faint-hearted; it belongs to the brave. – President Ronald Reagan Confidence… thrives on honesty, on honor, on the sacredness of obligations, on faithful protection and on unselfish performance. Without them it cannot live. – President Franklin D. Roosevelt There are risks and costs to action. But they are far less than the long range risks of comfortable inaction. — President...
