Citigroup, Part IV: Compliance Risk - Radical Compliance
We conclude our in-depth review of the Citigroup enforcement action by looking at how the bank must improve its compliance risk management.| Radical Compliance
We conclude our in-depth review of the Citigroup enforcement action by looking at how the bank must improve its compliance risk management.| Radical Compliance
Carnival Cruises was fined $5 million by New York regulators for cybersecurity failures, an enforcement case worth studying for CISOs.| Radical Compliance
The Justice Department wants CCOs to certify that their compliance programs are reasonably designed. What does 'reasonable' really mean?| Radical Compliance
Wells Fargo will pay $3 billion to settle civil and criminal probes around its unauthorized account scandal. Part I: How do giant failures like this happen?| Radical Compliance
Archive for May 2024| Radical Compliance
SEC chairman Gary Gensler fired the head of the PCAOB and will replace the rest of the board soon. What does that mean for audit & compliance?| Radical Compliance
President Trump just told Walmart to eat the costs of higher tariffs. So, um, whatever happened to shareholder primacy?| Radical Compliance
COSO has unveiled its draft corporate governance framework for public comment. Lots for compliance and audit teams to consider here.| Radical Compliance
Centene Corp. will pay $11.2 million to settle a lawsuit alleging poor cybersecurity practices violated the False Claims Act.| Radical Compliance
Illumina is paying $9.8 million to settle charges that its poor cybersecurity violated the False Claims Act. Compliance lessons abound here.| Radical Compliance
Cadence Design Systems will pay $140 million to settle export control charges that offer a raft of lessons for compliance officers.| Radical Compliance
Thank you for visiting, dear readers, but Radical Compliance is taking some much-needed vacation this week. We likely won’t have any updates to the website, and no newsletter on Friday, Aug. 1. You can always send us tips at mkelly@radicalcompliance.com. Otherwise, behave yourselves and we’ll be back as usual on Monday, Aug. 4. Share on…| Radical Compliance
Compliance Jobs Report for week ending July 25, 2025. News from O-I Glass, CBRE, Marriott, MKS, Amazon, Cash App, Medline, Uber, and more.| Radical Compliance
The Securities and Exchange Commission is looking to replace all five members of the Public Company Accounting Oversight Board.| Radical Compliance
Earnings season is upon us, with lots of discussion about tariffs. That raises the question: can companies report 'earnings before tariffs?'| Radical Compliance
COSO has abruptly yanked its draft framework for corporate governance, mysteriously citing the recently passed megabill as the reason. Weird.| Radical Compliance
The SEC ousted the head of the PCAOB, and dropped FCPA charges against two executives. Both actions are telling signs of agency priorities.| Radical Compliance
Compliance Jobs Report for week ending April 4, 2025. News from Novartis, Northeastern U., IBM, Fannie Mae, Sutter Health, Vanguard, and more.| Radical Compliance
The SEC fined education publisher Pearson $1 million for misleading disclosures about a cybersecurity breach that struck in 2018.| Radical Compliance
At long last, the SEC has enacted a new rule for expanded disclosure of cybersecurity risks and attacks. We have lots to review here.| Radical Compliance
The SEC recently gave a $20 million whistleblower award to a senior corporate officer out there. Compliance officers, study the case closely.| Radical Compliance
A recent SEC enforcement action for poor cybersecurity spotlights several internal control issues compliance and audit need to consider.| Radical Compliance
A study found that compliance officers with law degrees make lots more money than those without. But is a JD really necessary to succeed?| Radical Compliance
Let's revisit the Justice Department's new whistleblower awards program, and unpack a few more implications for compliance officers.| Radical Compliance
The Justice Department has launched a whistleblower awards program for corporate crime whistleblowers. Here's how it works.| Radical Compliance
The SEC just gave us a fascinating look at how internal controls for accounting can also apply to cybersecurity failures. Let's take a look.| Radical Compliance
The SEC is suing SolarWinds and its CISO over poor disclosure of a cybersecurity breach. Compliance officers have much to consider here.| Radical Compliance
We haven’t taken a look at compliance officer compensation in a while, so today let’s revisit that always-popular subject — especially since a new salary survey found that lots of chief compliance officers are making gobs of money. That survey comes from recruitment firm Barker Gilmore, which several weeks ago published its 2024 General Counsel…| Radical Compliance
Boeing has promised to spend at least $455 million in the next three years on compliance improvements. Where will that money go?| Radical Compliance
The SEC recently issued a $37 million whistleblower award, and the details offer a cautionary tale for compliance officers.| Radical Compliance
Boeing has committed yet again to improving its compliance program. Let's take a look at exactly what those program improvements entail.| Radical Compliance
Compliance Jobs Report for week ending July 26, 2024. News from Barclays, Comcast, Marqeta, USAA, Hertz, and more.| Radical Compliance
The week of July 16 will go down in history as a terrible one for cybersecurity, and we're not likely to do a damned thing about it.| Radical Compliance
A federal judge has mostly dismissed an SEC lawsuit against SolarWinds for poor cybersecurity practices that led to a huge breach in 2020.| Radical Compliance
Deferred-prosecution agreements are a primary tool to remedy corporate criminal conduct. But do DPAs actually work? Let's discuss.| Radical Compliance
Citigroup is paying $78 million to settle charges over poor internal controls. Let's look at the lessons here for other compliance teams.| Radical Compliance
Compliance Jobs Report for week ending May 24, 2024. News from Wells Fargo, the NRA, Syneos Health, FARO Technologies, Invesco, and more.| Radical Compliance
NYSE's parent company is paying $10 million for failing to notify the SEC in a timely manner of a breach the company suffered in 2021.| Radical Compliance
Compliance Jobs Report for week ending May 17, 2024. News from Eli Lilly, Empower, Wells Fargo, Compass Group, and lots more.| Radical Compliance
The FDIC has been faulted for a culture plagued by a lack of accountability. Where does that failure come from, exactly?| Radical Compliance
The FDIC released a scathing report of the agency’s own failure to uphold a culture of compliance and accountability. Let's get into it.| Radical Compliance
