U.S. authorities have fined a now-defunct Thai company $20 million for covering up its business dealings with an Iranian joint-venture partner in the 2010s, giving us yet another opportunity to consider how companies run afoul of U.S. sanctions laws and what compliance measures you should have in place to avoid that. The Office of Foreign… The post Our Latest Sanctions Case Study appeared first on Radical Compliance ..read more

The PCAOB has published fresh advice for audit firms about how to evaluate data and reports provided by their client companies. Internal audit teams might want to take note, since such PCAOB “advice” has a habit of soon becoming new demands placed upon you by your auditor. The report, blandly titled “Inspection Observations Related to… The post PCAOB Alert on Company-Produced Evidence appeared first on Radical Compliance ..read more

The Compliance Jobs Report this week has updates from Coinbase, Synopsys, Ferrari, Swissport, and many more — plus a few compliance officers landing on corporate boards! We have job leads in higher ed, life sciences, and railroads; and Meme of the Week goes out to budget increases. Always remember that we need your help to… The post Compliance Jobs Report: April 19 appeared first on Radical Compliance ..read more

The Health Care Compliance Association held its annual meeting in Nashville this week, bringing together more than 2,000 compliance professionals to talk shop, hear from healthcare regulators, and make endless references to country music and southern cuisine. Radical Compliance could not attend in person, so below is a quick roundup of social media dispatches from… The post Dispatches From HCCA 2024 appeared first on Radical Compliance ..read more

We have more advice this week on artificial intelligence, this time from a top voice at the Securities and Exchange Commission who urged companies to do better at crafting — and implementing — thoughtful policies to govern AI risks. The speech came from Gurbir Grewal, head of the SEC’s Enforcement Division. He gave a speech… The post SEC Talks AI Enforcement Risk appeared first on Radical Compliance ..read more

The New York Times had a fascinating article last week about discrimination in hiring practices at large corporations. The article also cited a powerful remedy for discriminatory hiring practices — one that compliance officers might want to ponder at length, for what it tells us about effective compliance generally. Let’s start with the article itself,… The post How to Support Policy & Procedure appeared first on Radical Compliance ..read more

Here’s a rather odd item in the annals of FCPA enforcement: software giant SAP recently assigned one of its internal compliance employees to be the company’s “monitorship compliance officer” — for an FCPA settlement announced in January that didn’t require a compliance monitor. This came to my attention when the SAP employee announced on LinkedIn… The post SAP’s Non-Monitor Monitorship appeared first on Radical Compliance ..read more

This week the Compliance Jobs Report has lots of promotions to note, plus new hires at TikTok, Dentsply Sirona, Truist, and elsewhere. We also have numerous personnel moves in supply chain compliance, plus job leads in aircraft, pharmaceuticals, and online exercise; and don’t forget our Meme of the Week! Always remember that we need your… The post Compliance Jobs Report: April 12 appeared first on Radical Compliance ..read more

U.S. accounting regulators today fined KPMG’s Dutch affiliate $25 million for rampant employee cheating on the firm’s training exams, and then topped that eye-popping enforcement action with two more smaller fines against Deloitte’s Indonesia and Philippines affiliates for similar offenses.  The Public Company Accounting Oversight Board dropped this news bomb on Wednesday morning, and it’s… The post PCAOB Cheating Crackdown Continues appeared first on Radical Compliance ..read more

Risk assessments can be a dizzying challenge for compliance officers, with so many ways to approach the task and so many variables to consider. So today let’s review some of the big themes from a webinar on risk assessments that I moderated last week, where plenty of good advice was dished out. We spent a… The post Advice on the Art of Risk Assessments appeared first on Radical Compliance ..read more