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Welcome to ComplianceWeek.com. This site uses cookies. Read our policy. OK * Skip to main content * Skip to navigation Compliance Week Insert Logo text Mast navigation * Membership * Sign In Search our site Search our site Search Menu Close menu * Home * Topics * Back to parent navigation item * Topics * Accounting & Auditing * AML * Anti-Bribery * Anti-Corruption * Boards & Shareholders * Cybersecurity * Data Privacy * ESG/Social Responsibility * Ethics & Culture * Europe * Financial Services * GRC Appointments * Internal Controls * Regulatory Enforcement * Regulatory Policy * Risk Management * Sanctions * Surveys & Benchmarking * Supply Chain * Technology * Third Party Risk * Whistleblowers * Compensation * GDPR * Internal Investigations * Opinion * Training * Culture * GRC Announcements * My Compliance Library * Ask Amii Mailbag * Nailed It or Failed It * Risk and Regulatory Compliance * Accounting and Audit * Training * Back to parent navigation item * Training * Live Virtual Training * Back to parent navigation item * Live Virtual Training * April 23-24: Intermediate AML/CFT * May 14-15: FCPA essentials * June 4-5: Risk assessment essentials * Events * Back to parent navigation item * Events * CW National Conference * CW Europe * Cyber Risk & Data Privacy Summit * ESG Summit * Excellence in Compliance Awards * Financial Crimes and Regulatory Compliance Summit * TPRM Summit * Women in Compliance Summit * Webcasts * Back to parent navigation item * Webcasts * Upcoming webcasts * Back to parent navigation item * Upcoming webcasts * April 9: SEC’s new cybersecurity regulations * April 18: Strengthening control & compliance * April 23: Automating third-party management * June 18: DORA best practices * Resources * Back to parent navigation item * Resources * e-Books * Survey Reports * Thought Leadership * Magazine Archive * CW Exclusives * Back to parent navigation item * CW Exclusives * Case Studies * Inside the Mind of the CCO * Conference Recaps * Biggest Compliance Fails * Ask a CCO * Podcast * Video * Membership * Home * Topics * * Accounting & Auditing * AML * Anti-Bribery * Anti-Corruption * Boards & Shareholders * Cybersecurity * Data Privacy * ESG/Social Responsibility * Ethics & Culture * Europe * Financial Services * * GRC Appointments * Internal Controls * Regulatory Enforcement * Regulatory Policy * Risk Management * Sanctions * Surveys & Benchmarking * Supply Chain * Technology * Third Party Risk * Whistleblowers * Compensation * GDPR * Internal Investigations * Opinion * Training * Culture * GRC Announcements * My Compliance Library * Ask Amii Mailbag * Nailed It or Failed It * Risk and Regulatory Compliance * Accounting and Audit * Training * * Live Virtual Training * April 23-24: Intermediate AML/CFT * May 14-15: FCPA essentials * June 4-5: Risk assessment essentials * * Events * * CW National Conference * CW Europe * Cyber Risk & Data Privacy Summit * ESG Summit * Excellence in Compliance Awards * Financial Crimes and Regulatory Compliance Summit * TPRM Summit * Women in Compliance Summit * * Webcasts * * Upcoming webcasts * April 9: SEC’s new cybersecurity regulations * April 18: Strengthening control & compliance * April 23: Automating third-party management * June 18: DORA best practices * * Resources * * e-Books * Survey Reports * Thought Leadership * Magazine Archive * e-Book: Solving the off-channel communications conundrumProvided by Theta Lake * e-Book: Goals of a modernized TPRM programProvided by ServiceNow * Survey Report: Companies bullish on new tech amid enhanced sanctions scrutinyProvided by Certa * CW Exclusives * * Case Studies * Inside the Mind of the CCO * Conference Recaps * Biggest Compliance Fails * Ask a CCO * Podcast * Video * * Membership * “FOR TRACKING LITIGATION, ENFORCEMENT, AND REGULATORY DEVELOPMENTS, COMPLIANCE WEEK SHOULD BE YOUR PRIME SOURCE.” - Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics * More from navigation items TOP STORIES Premium EXPERTS: ESG GONE MAINSTREAM, BUT NEW REGS STILL CREATE HEADACHES Apr 9, 2024By Aaron Nicodemus Environmental, social, and governance goals have gained acceptance from senior leadership because of upward pressure from employees, investors, and customers, according to compliance leaders speaking at Compliance Week’s 2024 National Conference. * CW2024 LEADERSHIP PANEL ON NAVIGATING SCRUTINY, PREP FOR MORE CHANGE * CW2024 WOMEN’S BRUNCH PANEL: FIVE STEPS FROM COMPLIANCE TO THE BOARD Premium DATA, CONSUMER SUPPORT KEY TO CONVEYING VALUE OF COMPLIANCE Apr 9, 2024By Adrianne Appel Presenting data to the board and providing examples of positive consumer response to ethical decision-making help compliance departments demonstrate value beyond keeping an organization in line with rules and regulations, experts discussed at Compliance Week’s 2024 National Conference. Premium U.K. BORDER CONTROLS ON EU GOODS EVOKE SUPPLY CHAIN DISRUPTION CONCERNS Apr 9, 2024By Ruth Prickett The imposition of full border controls on goods entering the United Kingdom from the European Union will affect importers and their EU suppliers, and both are advised to prepare for increased checks, possible delays, and new charges. Premium SEC OFFICIAL BREAKS DOWN AGENCY CALCULUS FOR OFF-CHANNEL COMMS PENALTIES Apr 8, 2024By Aaron Nicodemus Sanjay Wadwha, deputy director of the SEC’s Enforcement Division, discussed the agency’s rationale for issuing widely disparate penalties for off-channel communications recordkeeping violations, as well as violations of its amended marketing rule. JEFFREY EPSTEIN KYC/AML CASE STUDY Premium CASE STUDY: ‘THE BANKS BEHIND THE EPSTEIN ENTERPRISE’ Mar 18, 2024By Aly McDevitt This Compliance Week case study offers a deep dive into the anti-money laundering compliance failures—and alleged complicity—of JPMorgan Chase and Deutsche Bank, the two banks that enabled the Jeffrey Epstein enterprise to flourish for decades. * CHAPTER 1: COMPLIANCE V. COMPLICITY: THE ‘UNDERBELLY’ OF BANK CULTURE * CHAPTER 2: KYC SHORTFALLS: JPMORGAN AND DEUTSCHE BANK’S ONBOARDING OF EPSTEIN * CHAPTER 3: EGREGIOUS FAILURES: CUSTOMER DUE DILIGENCE AND TRANSACTION MONITORING * CHAPTER 4: INVESTIGATIONS INTO MISCONDUCT: WHAT BANKS CAN DO LATEST NEWS * GRANT THORNTON UK DINGED $51K FOR PENSION FUND AUDIT LAPSES Apr 9, 2024 7:23 PM * KEY LAWMAKERS PUT FORWARD BIPARTISAN AMERICAN PRIVACY RIGHTS ACT Apr 8, 2024 10:39 PM * SEC CONCLUDES VW EMISSIONS CASE WITH $48.8M JUDGMENT Apr 8, 2024 7:05 PM * NEW DHS STRATEGY SETS TEXTILES UP FOR ADDED UFLPA SCRUTINY Apr 8, 2024 7:05 PM * CPPA WARNS OF COLLECTING TOO MUCH DATA IN FIRST ENFORCEMENT ADVISORY Apr 5, 2024 9:40 PM * LEGAL PUSHBACK PROMPTS SEC TO STAY CLIMATE-RELATED DISCLOSURE RULE Apr 5, 2024 6:40 PM * N.Y. COMPLIANCE OFFICER CHARGED FOR EMBEZZLING $200K FROM EMPLOYER Apr 5, 2024 5:49 PM * EX-ONECOIN COMPLIANCE HEAD JAILED 4 YEARS FOR FRAUD ROLE Apr 5, 2024 5:04 PM * SENVEST LATEST RAPPED BY SEC OVER OFF-CHANNEL COMMS Apr 4, 2024 4:48 AM * CFTC LAUDS AUSTRALIAN SWAP DEALER’S COOPERATION IN $500K ENFORCEMENT Apr 4, 2024 3:27 AM EXCELLENCE IN COMPLIANCE AWARDS FINALISTS ANNOUNCED See the finalists for the 2024 Excellence in Compliance Awards. Winners will be announced in May and profiled by Compliance Week. PERSONALIZE THIS SPACE Tell us the subject areas most of interest to you in your job, and we can help you find what you’re looking for quicker. By selecting from our list of topics, industries, and regions, you can customize content on this page to suit your needs. Sign in to set your preferences E-BOOKS AND SURVEY REPORTS * Previous * Next * E-BOOK: SOLVING THE OFF-CHANNEL COMMUNICATIONS CONUNDRUM Provided by Theta Lake * E-BOOK: GOALS OF A MODERNIZED TPRM PROGRAM Provided by ServiceNow * SURVEY REPORT: COMPANIES BULLISH ON NEW TECH AMID ENHANCED SANCTIONS SCRUTINY Provided by Certa * E-BOOK: RISKS, OPPORTUNITIES UNDER SEC’S CYBER INCIDENT DISCLOSURE RULE Provided by AuditBoard * SURVEY REPORT: TECH GAPS, THIRD PARTIES POSE BIGGEST ABAC THREATS Provided by Morgan Lewis Resource Center SEARCH OUR ARCHIVE OF WHITE PAPERS, E-BOOKS, SURVEYS, AND WEBCASTS Filter by topic Accounting & Auditing AML Anti-Bribery Anti-Corruption Artificial Intelligence Boards & Shareholders Brexit Compensation Culture Cybersecurity Data Privacy Ethics & Culture Europe Financial Services GDPR GRC Appointments GRC Announcements GRC Illustrated Internal Controls Internal Investigations Regulatory Enforcement Regulatory Policy Risk Management Rules & Proposals Sanctions Social Media ESG/Social Responsibility Software Supply Chain Surveys & Benchmarking Technology Third Party Risk Training Whistleblowers Nailed It or Failed It Search PARTNER CONTENT * Previous * Next * EBOOK: INFOSEC’S GUIDE TO THIRD-PARTY RISK MANAGEMENT Provided by OneTrust * BUILDING THE CASE FOR BENCHMARKING Provided by Ethisphere * CAN YOU KEEP UP WITH THE PACE OF REGULATORY CHANGE? Provided by CUBE Global MORE FROM COMPLIANCE WEEK Premium EX-ALBEMARLE CCO SHARES DRIVERS BEHIND DATA ANALYTICS SUCCESS AT CW2024 Apr 4, 2024By Aaron Nicodemus Former Albemarle CCO Andrew McBride explained at Compliance Week’s 2024 National Conference how he led the company’s compliance department to remediate the issues that led to apparent FCPA violations and how the team used data analytics to assess risks and implement compliance solutions. Premium AI EXPERT AT CW2024: WHY AI NEEDS COMPLIANCE Apr 3, 2024By Adrianne Appel If there was one takeaway Diana Kelley offered during her keynote address at Compliance Week’s 2024 National Conference, it was that artificial intelligence tools—especially generative AI—need compliance. News Brief EBIX: SEC PROBE INTO SHORT SELLER CLAIMS CLOSED Apr 3, 2024By Kyle Brasseur Ebix announced the Securities and Exchange Commission closed an investigation into allegations against the software company’s accounting practices raised in a short seller report. Premium CW2024 KEYNOTE TACKLES FUNDAMENTALS OF FRAUD DETECTION Apr 3, 2024By Kyle Brasseur “If you want to start to know who’s lying to you, all you got to do is pay attention differently,” advised body language expert Traci Brown during her opening keynote at Compliance Week’s 2024 National Conference. Premium DOJ COMMODITIES TRADER FCPA SWEEP OFFERS LESSONS IN COOPERATION Apr 2, 2024By Adrianne Appel The value the Department of Justice places on cooperation can be measured by studying penalties and agreements resulting from the agency’s long-running investigation into bribery and corruption by oil traders operating in Latin America and Africa. News Brief DOJ ANTITRUST SCRUTINY PUSHES OUT 2 WBD BOARD DIRECTORS Apr 2, 2024By Kyle Brasseur Two directors on the board at media giant Warner Bros. Discovery resigned after the Department of Justice raised antitrust concerns regarding their similar positions on the board of Charter Communications. News Brief AT&T: DATA LEAK EXPOSED INFO OF 73M CUSTOMERS ONTO DARK WEB Apr 1, 2024By Aaron Nicodemus AT&T said personal account data on approximately 73 million current and former customers was released on the dark web two weeks ago but has not yet identified when and where the breach occurred. Premium CBP STATS SHOW PERSISTENT PROBLEM AREAS UNDER UFLPA Apr 1, 2024By Aaron Nicodemus and Adrianne Appel It’s been nearly two years since the Uyghur Forced Labor Prevention Act took effect, and as enforcement statistics and recent reports demonstrate, many businesses are still not adequately vetting their supply chains. Premium NEED TO KNOW: HOW AI ACT SETS TONE FOR AI REGULATION Apr 1, 2024By Neil Hodge The European Union’s AI Act follows a risk-based approach: the higher the risk the artificial intelligence poses, the stricter the rules. Understanding each category is key to compliance. News Brief ERICSSON: MONITOR CERTIFIED ANTI-CORRUPTION PROGRAM POST-FCPA SETTLEMENT Mar 29, 2024By Jeff Dale Swedish telecommunications company Ericsson announced its independent monitor appointed by the Department of Justice certified its compliance program satisfies the requirements ordered by the U.S. agency following its 2019 Foreign Corrupt Practices Act settlement. News Brief TREASURY REPORT IDENTIFIES AI USE ‘CAPABILITY GAP’ BETWEEN LARGE, SMALL FIS Mar 29, 2024By Aaron Nicodemus A Treasury Department report assessing the use of artificial intelligence tools by the financial sector identified a “growing capability gap” in in-house AI use between large and small financial institutions. News Brief PWC FINED $2.75M BY PCAOB FOR INDEPENDENCE PROCESS BREAKDOWNS Mar 29, 2024By Kyle Brasseur Big Four audit firm PwC was assessed a $2.75 million penalty by the Public Company Accounting Oversight Board for failures in its auditor independence processes related to a 2018 engagement. Opinion NEW LEADERSHIP NO EASY FIX FOR IRISH DPC’S GDPR WOES Mar 29, 2024By Neil Hodge The Irish Data Protection Commission has a new leadership structure, but it is uncertain whether the changes can get the key privacy regulator caught up on enforcement of the General Data Protection Regulation. News Brief SEC TO REVIEW REGISTRANTS’ PREPARATION FOR NEXT-DAY TRADE SETTLEMENTS Mar 28, 2024By Aaron Nicodemus The Securities and Exchange Commission wants broker-dealers and certain clearing agencies to know the expectations for the reduction of the settlement cycle for national and international trades from two business days after the trade date to one day. News Brief GAMMA HEALTHCARE, OWNERS TO PAY $13.6M IN DOJ FALSE CLAIMS CASE Mar 28, 2024By Jeff Dale Missouri-based Gamma Healthcare and three of its owners agreed to pay approximately $13.6 million to settle charges levied by the Department of Justice of violating the False Claims Act by improperly billing Medicare for tests that were not ordered or medically necessary. News Brief CISA TEASES CYBER INCIDENT REPORTING RULE FOR CRITICAL INFRASTRUCTURE Mar 28, 2024By Adrianne Appel Financial businesses and other critical infrastructure entities would have to report significant cybersecurity and ransomware incidents to the federal government under a new rule that will be proposed by the Cybersecurity and Infrastructure Security Agency. News Brief TRAFIGURA PLEADS GUILTY, TO PAY $127M OVER FCPA VIOLATIONS IN BRAZIL Mar 28, 2024By Kyle Brasseur Singapore-based commodity trading company Trafigura agreed to pay nearly $127 million as part of a resolution with the Department of Justice addressing violations of the Foreign Corrupt Practices Act in Brazil. News Brief CHEMOURS: DOJ, SEC PROBING EXEC ACCOUNTING MISCONDUCT Mar 28, 2024By Kyle Brasseur Chemours disclosed it received requests for information from the Department of Justice and Securities and Exchange Commission regarding findings from an internal review into alleged accounting misconduct by several of its top executives. Premium U.K. SETS RECOMMENDATIONS TO ADDRESS MISOGYNY IN FINANCE Mar 28, 2024By Ruth Prickett Sexism, sexual assault, and bullying are rife at financial services organizations, according to a recent report by the U.K. Treasury Committee. “The government and financial regulators have important roles to play in driving change,” the committee said. News Brief DOL ORDERS TUFF TORQ TO PAY $1.8M OVER CHILD LABOR VIOLATIONS Mar 28, 2024By Jeff Dale The Department of Labor ordered Tennessee-based Tuff Torq Corp. to pay nearly $1.8 million over alleged child labor violations. News Brief FINRA ORDERS STIFEL UNITS TO PAY $2.3M FOR REPEAT COMPLIANCE FAILURES Mar 27, 2024By Jeff Dale Two subsidiaries of Stifel Financial Corp. agreed to pay a collective total of about $2.3 million over alleged violations of Financial Industry Regulatory Authority rules regarding nontraditional exchange-traded products. Premium NAVEX WHISTLEBLOWER REPORT FINDS THIRD PARTIES LEAD ON BUSINESS INTEGRITY Mar 27, 2024By Aaron Nicodemus A new report on corporate whistleblowing and hotline trends in 2023 found reporting volume at an all-time high, with key disparities uncovered between reports filed by third parties and those filed by employees. Premium BIG TECH PRACTICES DRAW EARLY SCRUTINY UNDER DSA, DMA Mar 27, 2024By Neil Hodge TikTok and X are under investigation related to their respective compliance with the European Union’s Digital Services Act, while the first three companies probed under the Digital Markets Act include Apple, Alphabet, and Meta. Premium OCC’S HSU: ‘SENSE OF FAIRNESS’ KEY TO BANK COMPLIANCE INITIATIVES Mar 26, 2024By Aaron Nicodemus Acting Comptroller of the Currency Michael Hsu argued banks should adopt a “strong sense of fairness” to bolster the effectiveness of their compliance programs, particularly regarding lending decisions guided by AI and machine learning tools. News Brief U.S. BOI EFFORTS EARN IT UPGRADED RATING FROM FATF Mar 26, 2024By Kyle Brasseur The United States’s progress on implementing the beneficial ownership information reporting requirements contained within the Corporate Transparency Act earned it praise from the intergovernmental Financial Action Task Force. Premium EU REGS FOR ENERGY-EFFICIENT BUILDINGS RAISE QUESTIONS FOR COMMERCIAL PROPERTY Mar 26, 2024By Ruth Prickett Organizations with property in the European Union should be asking more questions about their sustainability and emissions in light of revised plans to decarbonize buildings across the region. News Brief ADVISOR RESOURCE COUNCIL TO PAY $300K OVER COMPLIANCE LAPSES Mar 25, 2024By Kyle Brasseur Advisor Resource Council agreed to pay a $300,000 penalty to resolve charges levied by the Securities and Exchange Commission of compliance failures exacerbated by staffing woes. News Brief EQUINIX PROBING SHORT SELLER ACCUSATIONS AMID DOJ SCRUTINY Mar 25, 2024By Jeff Dale Data center owner Equinix disclosed it launched an independent investigation to review matters referenced in a recent short seller report that also caught the attention of the Department of Justice. Premium ICO PRIMED FOR ENFORCEMENT INCREASE BEHIND NEW FINING GUIDANCE? Mar 25, 2024By Neil Hodge The Information Commissioner’s Office updated its data protection fining guidance to provide companies with greater transparency and clarity about how and why it would issue penalties for a breach of the U.K. General Data Protection Regulation or Data Protection Act 2018. News Brief SEC CHARGES ATTORNEY OVER INDEPENDENCE VIOLATIONS POST-COMPLIANCE ENGAGEMENT Mar 22, 2024By Jeff Dale The Securities and Exchange Commission charged a New York-based attorney for allegedly engaging in improper conduct by violating her obligations to remain independent after preparing an independent compliance report for a company. Premium FDIC PROPOSES STRENGTHENING, MODERNIZING BANK MERGER REVIEWS Mar 22, 2024By Aaron Nicodemus The Federal Deposit Insurance Corporation proposed to strengthen its approach to evaluating bank mergers under the Bank Merger Act, particularly how it would address factors like competition, financial resources, the convenience and needs of communities, financial stability, and money laundering. News Brief DOT LAUNCHES FIRST DATA PRIVACY REVIEW OF 10 BIGGEST AIRLINES Mar 22, 2024By Jeff Dale The U.S. Department of Transportation is looking to thwart the nation’s 10 largest airlines from monetizing passenger data or selling it to third parties. News Brief BIS RULE EXPANDS EXPORT CONTROL RESTRICTIONS ON OFAC SANCTIONED Mar 22, 2024By Kyle Brasseur The Bureau of Industry and Security adopted a final rule to extend its export restrictions across more entities and individuals designated under certain sanctions programs maintained by the Office of Foreign Assets Control. News Brief ADANI GROUP ON DEFENSE OVER REPORTS OF FCPA PROBE Mar 21, 2024By Aaron Nicodemus Indian conglomerate Adani Group said it is aware of an investigation by the U.S. Department of Justice into bribery allegations against a “third party” but denied a relationship with it. News Brief PCAOB FINES KPMG CHINA PARTNERS COMBINED $150K OVER AUDIT VIOLATIONS Mar 21, 2024By Jeff Dale The Public Company Accounting Oversight Board imposed collective fines totaling $150,000 against three partners at KPMG China for violations of standards related to their audit work at education service provider Tarena International. News Brief SHORT SELLER ACCUSES EQUINIX OF ‘SELLING AI PIPE DREAM,’ ACCOUNTING MANIPULATION Mar 20, 2024By Jeff Dale Data center owner Equinix boasts artificial intelligence as a boon to business when power consumption costs related to implementing AI could be detrimental to its profitability, according to short seller Hindenburg Research. News Brief EX-STERICYCLE FINANCE DIRECTOR CHARGED FOR BRIBERY SCHEME ROLE Mar 20, 2024By Kyle Brasseur A former finance director at medical waste disposal company Stericycle faces Department of Justice charges for his alleged role in a bribery scheme that led the company to an $84 million settlement regarding violations of the Foreign Corrupt Practices Act. Premium EXPERTS: LEGAL NOISE AROUND SEC CLIMATE DISCLOSURE RULE NO EXCUSE FOR STANDING STILL Mar 20, 2024By Aaron Nicodemus Legal experts are advising their public company clients to move forward with plans to comply with the SEC’s climate-related disclosure rule, despite lawsuits and other challenges being brought against the controversial policy in the aftermath of its approval. News Brief DEUTSCHE BANK DINGED $54K OVER IT INCIDENT REPORTING Mar 20, 2024By Kyle Brasseur Deutsche Bank was assessed a penalty of €50,000 (U.S. $54,000) by Germany’s financial supervisory authority for its alleged miscommunication of a 2023 information technology security incident. News Brief FINRA FINES M1 FINANCE $850K IN FIRST INFLUENCER PROMOS CASE Mar 19, 2024By Jeff Dale The Financial Industry Regulatory Authority fined Chicago-based financial technology company M1 Finance $850,000 as part of a settlement addressing alleged improper use of a social media influencer program. News Brief GENESIS PENALIZED $21M BY SEC FOR SALE OF UNREGISTERED SECURITIES Mar 19, 2024By Aaron Nicodemus Crypto firm Genesis Global Capital agreed to pay a $21 million civil penalty to the Securities and Exchange Commission to settle charges that the Gemini Earn investment program was an unregistered security offering. News Brief CFTC DINGS U.S. BANK, OPPENHEIMER OVER OFF-CHANNEL COMMS VIOLATIONS Mar 19, 2024By Kyle Brasseur The Commodity Futures Trading Commission announced settlements with U.S. Bank and Oppenheimer & Co. for admitted recordkeeping and supervision failures regarding employee use of off-channel communications for conducting business. News Brief DELPHIA, GLOBAL PREDICTIONS FINED BY SEC IN ‘AI WASHING’ CASES Mar 18, 2024By Adrianne Appel Delphia USA and Global Predictions agreed to pay a total of $400,000 to settle charges by the Securities and Exchange Commission the firms each engaged in artificial intelligence misrepresentations that misled clients about how they were using the technology. Premium EU DUE DILIGENCE DIRECTIVE BACK ON TRACK, DESPITE CONCESSION CONCERNS Mar 18, 2024By Ruth Prickett The future of the EU’s Corporate Sustainability Due Diligence Directive was thrown into doubt when the European Council failed to endorse proposals. The directive is back on track after being agreed upon, albeit in weaker form. Premium POLICY CHANGES UNDERSCORE NEED FOR ENHANCED CHILD LABOR DUE DILIGENCE Mar 18, 2024By Aaron Nicodemus and Adrianne Appel Rooting out potential child or forced labor violations in your company’s supply chain can have benefits beyond protecting reputation and being ethically sound. The process can also help your firm comply with pending child labor laws in other jurisdictions. News Brief DEPARTING ABN AMRO RISK CHIEF SAYS CLIMATE, CYBER AMONG PRIORITIES Mar 15, 2024By Kyle Brasseur Tanja Cuppen, chief risk officer of ABN AMRO, shared her view on the Dutch bank’s biggest risk focus areas and the accomplishments of her tenure a month ahead of her planned departure. Premium PRIVACY BY DESIGN A SILVER BULLET FOR STEMMING AI RISKS? Mar 15, 2024By Neil Hodge The proliferation of artificial intelligence technologies—and their reliance on publicly available data—has reinforced the need for tech developers and the companies using their solutions to ensure privacy by design and by default is at the crux of any offering. News Brief CFTC AWARDS $1.25M TO COMPLIANCE/AUDIT WHISTLEBLOWER Mar 15, 2024By Kyle Brasseur The Commodity Futures Trading Commission announced a landmark whistleblower award of approximately $1.25 million to an individual in an internal compliance or audit function who came forward with information on misconduct occurring at his or her employer. News Brief EFG INTERNATIONAL SETTLES CUBA, BLOCKED PERSONS U.S. SANCTIONS CASE Mar 14, 2024By Aaron Nicodemus Swiss-based global private banking group EFG International agreed to pay more than $3.7 million as part of a settlement with the Office of Foreign Assets Control addressing apparent violations of U.S. sanctions against Cuba and two blocked individuals. News Brief CHANGE HEALTHCARE FACING HHS PROBE FOLLOWING CRIPPLING CYBERATTACK Mar 14, 2024By Adrianne Appel Change Healthcare, a health payment processor hit by a crippling cyberattack in February, is under investigation by the Department of Health and Human Services’ Office for Civil Rights. 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