CCO's Make Their Voices Heard in CW Survey

Unlike many jobs, there typically isn’t a straight career path toward becoming a compliance officer. In fact, nearly 90 percent of the 290 respondents to Compliance Week’s first annual “Inside the Mind of the CCO” survey started their careers in a different field 

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Global Compliance Requires Worldwide Approach

Compliance is expensive. But non-compliance can cost you even more. Businesses paid nearly $26 billion in compliance-related fines globally in 2017, aside from the severe reputational damages that accompanied those monetary losses. That’s according to a recent article in Forbes by Julie Myers Woods, CEO of Guidepost Solutions.

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UK Finance Says FCA should Consider Leaner SMCR Rules

UK Finance, Britain’s trade association for banks in the country, has published the financial industry’s first major appraisal of the Senior Managers and Certifications Regime(SMCR). The requirements under SMCR were introduced by the Financial Conduct Authority (FCA) in 2016 as part of regulatory reforms following the 2007-09 financial crisis.  

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Regulators Globally are Turning to Automated Compliance

Prominent regulators around the globe agree data-driven regulation and compliance is key to a healthy financial services industry. The Financial Conduct Authority (FSA), the Australian Securities and Investment Commission (ASIC), the Monetary Authority of Singapore (MAS), and the BVI’s Financial Services Commission are all championing, and in many cases, investing in new data technologies. 

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FAA Enforcement Committee Hands Down First-Ever Decision

The French Anticorruption Agency (FAA) made an unsuccessful attempt to take its first enforcement this July as reported by a JD Supra news alert. The move followed the regulator’s three-month audit of an undisclosed company's corporate compliance program.  

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