Page 63 - Compliance Program News Today

Politicisation of CWC could have serious consequences, warns Pak diplomat Islamabad April 25, 2021 Islamabad : A Pakistani diplomat has cautioned the international community against politicisation of Chemical Weapons Convention (CWC), saying it could have serious implications for future disarmament efforts. Director (Disarmament) at the Foreign Office Ali Sattar, while speaking at a webinar hosted by the Center for International Strategic Studies (CISS) on ‘Chemical Weapons Convention: Chal...

Advertisement Anti-Money Laundering (AML): An Overview of Compliance and Due Diligence Under the Bank Secrecy Act and Other Laws Thursday, April 22, 2021 Anti-money laundering (AML) compliance is a growing concern for financial institutions, brokers, and other businesses. While federal AML laws have been in place for decades, the exponential growth in volume of transactions involving offshore banks and other foreign entities, AML compliance has garnered increased attention from the U....

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To print this article, all you need is to be registered or login on Mondaq.com. A firm and its principal settled FINRA charges for failing to establish an adequate AML program and a supervisory system. In a Letter of Acceptance, Waiver, and Consent, FINRA found that, although there was a principal responsible for monitoring the firms AML compliance and reviewing red flags, the firms AML procedures did not provide guidance regarding how that principal was to identify or...

Thursday, February 25, 2021 The Department of Justice (DOJ) is a top-level federal agency responsible for enforcing all federal laws. Given its mandate, they are one of the largest federal agencies and oversees 100,000 attorneys, special agents, and other law enforcement personnel.  The DOJ has created many specialized groups that focus on enforcing a particular type of law or regulation to facilitate its objectives. Thus, generally, DOJ staff are very knowledgeable and experienced i...

Monday, February 22, 2021 The year 2020 witnessed a record level of $2.78 billion in corporate fines and penalties from enforcement of the Foreign Corrupt Practices Act (FCPA) by the U.S. Department of Justice (DOJ) and the U.S. Securities and Exchange Commission (SEC). It also witnessed continued close cooperation by the DOJ and SEC with enforcement authorities in other countries, resulting in billions of additional dollars in fines and penalties by foreign enforcement authorities. T...

The nomination window has been extended until March 1 for Compliance Week’s second annual “Excellence in Compliance Awards,” which for 2021 includes a new category to honor companies whose ethics and compliance programs are head and shoulders above the rest.

Thursday, February 18, 2021 On Feb. 1, 2021, the Financial Regulatory Authority (FINRA) released its 2021 Report on FINRA’s Examination and Risk Monitoring Program (Report), in which it identifies its areas of examination focus for FINRA member firms (Firms) in 2021. The Report replaces the prior format for examination focus, the Risk Monitoring and Examination Program Priorities Letter. In the introduction to the Report, FINRA acknowledges the ongoing COVID-19 pandemic, its regu...

Print Compliance in the finance-and-insurance office is a top concern for dealerships for the next four years under President Joe Biden. With more federal eyes on their operations, dealers must recommit to following the rules in 2021. Experts at the National Automobile Dealers Associations virtual conference last week discussed the likely uptick in federal scrutiny under an emboldened Consumer Financial Protection Bureau and Federal Trade Commission. Both organizations will be led by vocal opp...

Ride along with Chicago BACP investigator inspecting restaurant COVID-19 protocols WLS Chicago restaurants and bars are will be able to reopen for limited indoor dining starting Saturday. ABC7 followed a city investigator as she visited some businesses to review their COVID-19 protocols as part of the citys newly-expanded Active Compliance Program focusing on restaurants. "The capacity limits matter," said Nikita Sanders. "No more than 25 per space." Sanders is just shy of 15 years as an invest...