Compliance & Risk Management

Survey finds potential personal liability impacting compliance profession

A recent survey shows that increased scrutiny from both the U.S. Department of Justice (DOJ) and Securities and Exchange Commission (SEC) — both of whom have declared their intent to hold individuals personally liable for corporate misconduct — has many chief compliance officers (CCOs) reconsidering their chosen profession. As personal

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Is your business prepared for the risks of Brexit?

Are you revisiting your business models in the wake of the vote by the United Kingdom in favor of Brexit? How will you identify new, emerging risks? Whether your business is in manufacturing, financial services, technology, or another industry, your organization will want to review its business models for potential

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Photographer: Eric Vidal Photographer: Eric Vidal

Singapore central bank dedicating departments to aml and enforcement

Singapore is yet another country to recognize the need for stronger AML efforts; as money laundering continues to disrupt the global economy and AML regulations continue to increase, companies worldwide need to address their own AML efforts and policies as well. Singapore is strengthening its anti-money laundering (AML) prevention and

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Home improvement company to pay $8.6 million in EEOC settlement

The importance of ADA compliance is highlighted by the EEOC’s settlement of a major employment discrimination suit. A nationwide hardware and home improvement chain will pay US$8.6 million to settle an employment discrimination suit. The settlement ends an action taken by the U.S. Equal Employment Opportunities Commission (EEOC) against the

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REUTERS/Carlos Barria REUTERS/Carlos Barria

How to manage data for regulatory success

Navigating the sea of regulatory change is a complex task. Strategic data management can simplify the process, so why are many buy-side institutions reluctant? The zero-tolerance approach of regulators since the financial crisis means institutions are having to master complicated data requirements with no room for error. For the buy-side community,

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Photographer: Peter Macdiarmid Photographer: Peter Macdiarmid

How will Brexit impact MiFID II?

As financial markets come to terms with the seismic outcome of the UK referendum, what will Brexit mean for the Markets in Financial Instruments Directive (MiFID)? MiFID II is the cornerstone of the European Union‘s (EU) regulation for financial markets. Listen now to the webinar recording — Thomson Reuters MiFID &

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Photographer: Stoyan Nenov Photographer: Stoyan Nenov

U.S. DOJ offers two companies significant mitigation credit for self-disclosure

The DOJ’s recent prosecution declinations show the Department’s dedication to offering mitigation credit under its FCPA Pilot Program. Companies should note how beneficial it can be to self-report, cooperate, and maintain effective compliance programs. The U.S. Department of Justice (DOJ) announced in June that it had offered mitigation credit to two

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REUTERS/Thomas Peter REUTERS/Thomas Peter

Does corporate leadership matter in tackling modern slavery?

Directors and board members have oversight for tackling modern slavery. But due to many pressures where is this on the boardroom agenda? Take part in a new survey by the Ethical Trading Initiative and Hult International Business School to benchmark corporate leadership attitudes to modern slavery The UK Modern Slavery

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Photographer: Phil Noble Photographer: Phil Noble

The cost of compliance in the changing world of regulation

Here, we assess the role of compliance in overseeing business partners, monitoring risk, tracking regulatory change The global regulatory landscape is undergoing a fundamental change. In the years since the 2007/08 financial crisis, regulators across the globe have focused on a program of more robust supervision of financial services firms.

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Photographer: Luke MacGregor Photographer: Luke MacGregor