RESULTS FOR: Compliance
August 16, 2023 | Compliance Cyber Security
On July 26, 2023, the Securities and Exchange Commission (SEC) implemented new cybersecurity rules to require disclosure of material cybersecurity incidents within four business days, with limited exceptions. Additionally, public companies will be required to provide annual disclosures regarding cybersecurity governance and risk management in order to be more transparent about their cybersecurity posture. These rules become effective in December 2023 and will influence both compliance costs and the potential for enforcement actions.
Companies and entities subject to these rules … Read More
July 19, 2023 | Compliance Risk + Compliance
Clearly defined roles and responsibilities are an essential component of an effective compliance program. Failure to adequately assign responsibility can lead to gaps in compliance coverage and a lack of accountability.
In a recent NAVEX survey 76% of the respondents indicated that the compliance function in their infosec compliance group is not an independent Compliance department reporting to the chief executive officer or board of directors (for instance, it reports up through IT/data security/data privacy, Legal or Human Resources).
When … Read More
June 28, 2023 | Compliance Immigration + Border Services Investigations
Recent investigative reports have revealed the Department of Labor’s crackdown on organizations found to have minors working in high-risk industries that prohibit employing anyone under 18 years of age. In a number of these cases, the minors were also identified as being unauthorized to work in the U.S. The convergence of these issues amplifies the potential for severe legal consequences, financial liabilities, damage to reputation, and operational disruptions.
Recently, Immigration and Customs Enforcement, Homeland Security Investigations, rebranded their “Worksite Enforcement … Read More
June 26, 2023 | Compliance
Will US companies create their own business risk abroad by not adopting compliance policies for risks that they deem controversial or may not fully believe in at home? On the surface this may seem like a rhetorical question – one without a clear answer – but it has existential implications.
Better understanding of risks (known and unknown) was a key driver for my EU colleagues during the recent ASIS Europe 2023 held in Rotterdam, Netherlands. Given the recent events surrounding … Read More
May 23, 2023 | Compliance Risk + Compliance
Roundtable Discussion: Off-Channel Communications and Mobile Surveillance Policies
Surveillance, monitoring, escalation, and reporting are critical components to regulatory compliance and risk management. So is consequence management. These are especially important given the major penalties and remedial steps required of banks and swap dealers, and in view of recent US Department of Justice (DOJ) expectations over “Off-Channel Communications”.
These regulatory and ethical expectations aren’t easy to execute, especially when employees have access to so many modes of video, audio, and social … Read More
March 15, 2023 | Compliance
It is safe to assume that the United States Attorneys’ Offices Voluntary Self-Disclosure Policy announced on March 2, 2023 is intended to decrease wrongdoing and impose rehabilitation and recovery for victims.
But announcing voluntary disclosure is only half of the equation. The other half is vigorous law enforcement.
Simply put, companies must be made afraid of being caught. This is the foundation for the successful voluntary disclosure policy of the Antitrust Division of the Department of Justice (DOJ).
But the … Read More
March 2, 2023 | Compliance Institutional Integrity
The care and protection of children at any public, private, religious, or secular organization or institution that supports children or vulnerable adults should be, one of, if not their highest priority. Accordingly, these organizations and institutions must ensure that their child abuse protection policies and procedures are comprehensive and current. Here are 10 key elements to consider when determining whether your institution or organization is child abuse protection ready.
January 24, 2023 | Compliance Immigration + Border Services
When companies intend to merge with or acquire another company, many risk factors must be evaluated prior to the transaction’s execution. However, immigration compliance risk is not always on the top of that list. And, that could be a potentially costly omission.
Immigration Compliance: Why It Matters:
Immigration compliance risk comes in two primary areas; 1) Work-related visa risk, and 2) I-9 compliance risk. While not all U.S.-based companies use work-related visas, they all must comply with the I-9 laws … Read More
January 17, 2023 | Compliance Financial Crime Consulting
Bank mergers and acquisitions are becoming a regular part of life in the banking industry, especially for smaller and medium-sized organizations. They provide significant opportunities for institutions to expand their customer base, enhance capital for lending and investments, and grow geographically to capture new customers and new products. But they can also disrupt existing compliance programs and controls. For example, the acquiring institution must set aside sufficient resources to identify and address potential compliance gaps before the merger is completed … Read More
November 7, 2022 | Compliance National Security Risk + Compliance
U.S. government actions to enhance and protect U.S. technological innovation have been regularly featured in recent headlines. With the consistency of a drumbeat, press releases have announced new federal prosecutions, coordinated federal agency regulatory action, and bipartisan Congressional legislation designed to boost U.S. technology and protect it from malign foreign influences.
As a matter of fundamental U.S. policy, the federal government has made clear that promoting … Read More