Today’s business world is filled with complexities that increase risks, particularly for firms operating internationally. Mitigating risk is a core objective for compliance departments, and a large part of achieving that is developing policies to guide employee behavior within the legal and regulatory parameters. For companies operating internationally, though, compliance is a tricky matter. [...]
We conclude our series on how to create and maintain a culture of compliance with recognition of the rapidly changing world of contemporary business. What was true six months ago may not be an adequate description of today’s business environment. That’s why the department responsible for communications and training on compliance issues must stay [...]
Creating a culture of Compliance - Continuous Communication Creating a Culture of Compliance can be difficult task with a lot of moving pieces, but there are several benefits. In this post we will be considering the topic Continuous Communication to help build a culture of compliance. A company that only deals with problems as [...]
There's a new European data privacy regulation coming into full effect in May 2018 called the General Data Protection Regulation (GDPR) - will your organization be ready? The GDPR is designed to establish a single set of rules for data protection across Europe, replacing the patchwork of national data protection laws that were enacted [...]
With President Obama’s recent historic trip to Cuba, there has been a lot of focus on the future of the longstanding US embargo on Cuba. Obama’s trip capped off an 18 month period during which the US Government amended some of the embargo rules in an effort to begin charting a new course in US-Cuba [...]
In the world of data privacy law, when we refer to the “Privacy Shield,” we aren’t talking about a cardboard contraption to keep people from looking at your laptop screen. If you haven’t heard about it yet, the EU-US Privacy Shield is a newly proposed set of rules and regulations governing the legally authorized transfer [...]
Xcelus introduces a new simple animation course style, Blueprint, for compliance and corporate training. Xcelus develops over 100 custom training courses each year in a variety of formats from simple animation to full video production. All custom courses can be published in SCORM, AICC or MP4 formats depending on the course type and [...]
Resource Guide to the FCPA. The Department of Justice and the Securities Exchange Commission delivered a 134 page guide to the Foreign Corrupt Practices Act. The Guide is an unprecedented undertaking by DOJ and SEC to provide the public with detailed information about the approach and priorities of the FCPA enforcement. Specific benchmarks were identified [...]
Declination: Sounds like a bad word but actually, it’s what Compliance Officers want to hear. A declination occurs when the SEC or the DOJ determines not to prosecute a company after an investigation. In 2012 the DOJ declared 6 declinations and the SEC called out 11 declinations DOJ explicitly attributed declination decisions when the company self [...]
Conflict of Interest. We've all heard of a conflict of interest but how do we know if we have a conflict of interest? Trick question because it's impossible to determine whether your situation is a conflict because you don't have an independent or objective point of view. If you have any friends or family and you also [...]
