Compliance

 
 
  • Higher Ed Wants Liability Protection

    Many colleges and universities expect they will reopen in the fall with person-to-person classes. When they do, they could face an unpredictable and potentially intractable financial problem: the cost of liability lawsuits alleging failure to protect students...

    • Posted 2 hours ago
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  • Avoiding The Snare Of “Green Crime”

    The prevalence of environmental malfeasance, labeled “green crime” in this post from a compliance consultant, is said to have reached the crisis stage, with an estimated dollar value of $250 billion per year. In quantitative terms it’s...

    • Posted 3 days ago
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  • In The UK: Virus Passports For Football?

    A system that integrates coronavirus testing with a “digital health passport” is said to have been developed by a company in the UK.  Noting the devastating impact the pandemic has had on the economy, and specifically on...

    • Posted 5 days ago
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  • FCPA Report Includes Biggest Settlement Ever

    During the first quarter of 2020 Cardinal Health paid the SEC $8.8 million to settle FCPA offenses. The company was charged with violating books and records and internal accounting controls provisions. It disgorged $5.4 million and paid...

    • Posted 2 weeks ago
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  • Money Laundering And Anti-Terrorist Risk Management For Lawyers

    Although lawyers are not regulated to the extent that bankers are with regard to anti-money laundering and counter-terrorist financing (AML/CTF) compliance, they are advised to be cautious in this area and “to act a bit more like...

    • Posted 2 weeks ago
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  • Arbitration
    Pandemic Should Expand Compliance Officer’s Role

    The pandemic has created an opportunity to leverage the huge potential of combining ethics, enterprise risk management and compliance. These are interdependent functions, but in many corporations they are placed in stand-alone silos. This is an unhealthy...

    • Posted 3 weeks ago
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  • A Warning To Companies About Breach Notification

    It’s become common wisdom – gleaned in part from witnessing some disastrous missteps by companies like Yahoo and credit reporting company Equifax – that after a data breach it’s essential to notify potentially affected customers without delay,...

    • Posted 3 weeks ago
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  • Assessing The Contractual Impacts of COVID-19

    How are contract obligations affected in times of extreme uncertainty? This post looks first at the force majeure clause and how it might apply when contract non-performance is the result of supply chain...

    • Posted 3 weeks ago
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  • Do Workers Face Covid Risk From The New Joint Employer Ruling?

    The general counsel of the Service Employees International Union calls it “outrageous and shameful.” The NLRB ruling, which went into effect on April 27, says that companies must have direct control over essential working conditions of franchise...

    • Posted 4 weeks ago
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  • Compliance Officers Should Have Executive Authority

    “Sure, it’s crazy to think that any for-profit corporation would cede such power to compliance officers,” writes Richard Cassin. Nevertheless, he believes compliance officers should have executive authority, meaning the power to block hiring decisions, reject subcontracts...

    • Posted 1 month ago
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