Wells Fargo, Part I: How This Happened - 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
What better way to honor Labor Day than to read the Compliance Jobs Report? We have several departures from high-profile organizations this week (Volvo and the NRA, among others), and new hires at Papa Johns, Digital Realty, American Express, Make-a-Wish, and more. Job leads are in mortgages, banking, and real estate; and don’t forget our… The post Compliance Jobs Report: Aug. 29 appeared first on Radical Compliance.| Radical Compliance
A report from the Securities Exchange Commission is raising alarms about the SEC staff’s ability to review corporate disclosures, amid painful personnel cutbacks and changes to the regulatory climate that might lead to even more work for those fewer SEC staffers still on the job. The report, released Wednesday by the SEC inspector general, found… The post Report Warns on SEC Disclosure Reviews appeared first on Radical Compliance.| Radical Compliance
The Society of Corporate Compliance & Ethics and the Health Care Compliance Association have named a new chief executive, who previously ran an association for animal hospitals and has long experience in healthcare fields. SCCE and HCCA, which are sister organizations working under one corporate entity, announced the arrival of Garth Jordan in an email… The post SCCE-HCCA Names New CEO appeared first on Radical Compliance.| Radical Compliance
OK, so the Trump Administration is taking an ownership stake in Intel, and now senior officials say the Administration might take more stakes in defense contractors and other businesses as well. Obviously this is all nuts because, ya know, socialism is bad — but could we also pause to consider the corruption implications here? Like,… The post Fresh Intel on Corruption Risk appeared first on Radical Compliance.| Radical Compliance
Navex released its annual State of Risk & Compliance Report the other week, and I’ve been looking through the findings for insights into what’s on compliance officers’ minds these days. One issue that stood out: how compliance teams are handling artificial intelligence. We should dwell on this because, as just about every compliance officer already… The post More Notes on the Compliance AI Freakout appeared first on Radical Compliance.| Radical Compliance
Another week, another Compliance Jobs Report packed with news! We have two new hires in higher education, other new hires at Goldman Sachs, Authentic Brands, City National Bank, and many more. Victoria’s Secret had a few promotions to note, as did Collins Aerospace, Vertex Pharmaceuticals, and others. Job leads are in healthcare, microchips, and lingerie. … The post Compliance Jobs Report: Aug. 22 appeared first on Radical Compliance.| Radical Compliance
Earlier this week I attended a GRC conference in New York, York, which meant plenty of talk about challenges in cybersecurity, data management, internal control, and (of course) artificial intelligence. One interesting session explored how to manage the risks of third-party AI models within your enterprise. As usual, I took lots of notes, and pass… The post Governing Third-Party AI Risks appeared first on Radical Compliance.| Radical Compliance
Here’s some red meat for compliance professionals exasperated with fruitless and futile job searches: one of your own who decided he’d had enough, and called out a potential employer who ghosted him by name in a LinkedIn primal scream of frustration. Our new hero, our beacon of light in this dim job market, our voice… The post Fight the Power, Job-Seekers! appeared first on Radical Compliance.| Radical Compliance
Today I want to continue pulling on the thread we first uncovered last week, that ChatGPT’s latest artificial intelligence system is so advanced that employees can have it take their ethics and compliance training for them. We still have lots of implications both short- and long-term that compliance officers need to consider. For those who… The post More on AI Agents Taking Employee Training appeared first on Radical Compliance.| Radical Compliance
Another big Compliance Jobs Report this week! We have new hires at Raytheon, Honeywell, Mitsubishi, Pepsico, and a surprising bundle of news from Australia! Promotions at BAT, Goldman Sachs, Hilton, Mars, and more; plus job leads in manufacturing, gambling, and social media. We also take any other gossip you might have, even confidentially. If you… The post Compliance Jobs Report: Aug. 15 appeared first on Radical Compliance.| 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
Archive for July 2025| 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
Six states jointly brought an enforcement action against Wise U.S. for poor anti-money laundering compliance. Let's look at the case.| 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
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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
Sustainability objectives will, ultimately, require new skill at supply-chain management. Microsoft demonstrates the challenge here.| 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
