Creating an ethical culture takes everyone, every day, working together for the sole purpose of doing the right things right. Here on Compliance Next, controversial issues bring us together not push us apart; new ideas are vetted; and best practices are shared and canonized. It’s a one-stop source for everyone seeking professional development, training, resources and peer connections without organizational boundaries.
Welcome to the brave new world of compliance.
If you define compliance as more than making sure everyone follows the rules; If you believe that a holistic program is fundamental to your organization’s success -- and if you also believe there’s more that compliance professionals can do to make this success a reality, then you’ve come to the right place.
Boring, outdated, lackluster - their words not ours. Employee compliance training has a reputation for not resonating with or being applicable to those who have to complete it. This stigma detracts from the overall learning experience and effects what employees actually retain. What can increased engagement with compliance expectations do for your organization?
“Packed” is not a term unfamiliar with the descriptions of board meetings. So before walking into your next board presentation, review these recommendations so that you can be timely, direct and prepared for an effective and impressive presentation.
Let’s find those corner pieces in our risk management puzzle. Gone are the early days of risk assurance where external audit firms inspect financial statements and corporate compliance officers work strictly on regulatory filings. Today, it takes a village working together. Here's how all the pieces fit.
On February 8, 2017, the U.S. Bureau of Industry and Security (“BIS”) announced that it has updated the content of its Export Compliance Guidelines (“Guidelines”) and Audit Module (“Module”) and combined both documents into one “easy-to-use” booklet. We understand that BIS’s primary purpose in updating the Guidelines and Module was to shorten and simplify them because, in BIS’s view, the prior versions of the documents were too long and contained too much unnecessary technical language.
The Supreme Court recently issued Supreme Court Regulation No. 13 of 2016 on Case Handling Procedures for Corporate Crimes (SC Regulation). The SC Regulation may change the direction of prosecution in criminal cases involving corporations. While corporations are subject to a number of criminal sanctions in numerous laws, such as the Forestry Law, Environmental Law, Anti-Money Laundering Law, and Anti-Corruption Law, there have been few criminal cases where a corporation was brought before a judge and sanctioned. After the issuance of the SC Regulation, the Corruption Eradication Commission (KPK) has stated that it intends to use the SC Regulation to chase corporations in corruption cases.
But wait there’s more. While President Trump’s Executive Order temporarily banning certain foreign nationals from entry into the United States is dominating the headlines these days, employers now have something else to worry about. Under a 2015 law, Section 7345 of the Internal Revenue Code, the State Department has the right to revoke a US citizen’s passport for nonpayment of delinquent Federal taxes. The Internal Revenue Service recently posted guidance on its website to provide an understanding of how the law may apply in practice. In general, if the IRS assesses a taxpayer for unpaid federal US taxes, and the taxpayer does not take steps to address the problem, the State Department may revoke, deny or limit that person’s passport. Just imagine the administrative headache and threat to the business if the employee is on assignment to a foreign country when the revocation occurs, or travels frequently to other countries on business, or is planning to take an overseas posting in the near future. Employers beware!
Whether you are in the interview chair or boardroom, every compliance professional needs the right information, guidance and proof points to have confidence in each stage of their career. Choose a learning track that matches your experience and use the corresponding how-to videos, definite guides and articles from industry experts to improve the work you are doing today.
Lay the foundation for growth with the core elements of an effective compliance program. From creating a top-notch Code of Conduct to understanding the role compliance plays in your organization, learn the building blocks of compliance.
Discover action-based tools that provide simple steps for program improvement or robust plans for new ways of doing business.
Learn how to prove and communicate the value of your program while becoming a strategic partner to the C-suite and your Board.
See how your compliance program stacks up against your peers and learn new strategies to increase the effectiveness of what you’re already doing.
The future’s bright for compliance professionals. Leaders will be much closer confidants to the CEO, permanent members of the leadership team, and sought-out risk advisors when strategies are being set. Learn how to lead the way.
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