Posts Tagged: Compliance Officer
The Treasury Department’s Financial Crimes Enforcement Network (FinCEN) imposed a $1 million civil penalty against the former chief compliance officer for MoneyGram International Inc.
A new survey of general counsels and compliance officers found that 30% of companies in North America, Europe, and Asia stopped doing business with a partner because of corruption risks.
The front page of the New York Times featured a long article this week about the new middle class life you are creating in Guanajuato based on employment by multinationals and investment in education.… Continue Reading
The SEC’s new Chair, Mary Jo White, made headlines last week by letting compliance officers know how important their role is to their organizations and to the SEC.
As she said: “It is, in short, you who set the bar, provide the expert guidance, and serve as the example for everyone.… Continue Reading
The SEC’s associate director of enforcement, Stephen L. Cohen, left, had some great things to say when he spoke this week at the SCCE Annual Conference in Washington D.C.
Here’s part of what he said:
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I am surprised how infrequently companies try to persuade us at the front end of an investigation that they have a robust compliance culture and record of ethical conduct.… Continue Reading
If you’re a non-American compliance officer working in the hazardous, lawless conditions of many countries, it’s not clear what can be done. But this much is certain — COs working to create a code in China or India and so many other places need to know they have global support from compliance officers everywhere.… Continue Reading
Michael Scher’s post, The real code of conduct nobody mentions, brought this to mind.
In 1988 Robert Jackel wrote Moral Mazes, a ground-breaking book of corporate culture. Herein he addresses the fundamental rules of organizational life:
… Continue Reading
When a compliance officer needs to vote with his feet, the key ingredients to look for at the next job are, among other things, a chief compliance officer who reports to an independent board, and incentives or bonus pay for outstanding work. … Continue Reading