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Entries in Due Diligence (60)

Wednesday
Oct292014

Memo to law schools: The world needs compliance officers

Image courtesy of New England Law | BostonLaw-related employment for grads from American law schools isn't exactly robust. In 2013, the ABA Journal said, only 57 percent of the that year's JDs had full-time bar-passage-required jobs. At the same time, the world seems to have an insatiable appetite for compliance officers. That sounds like an opportunity.

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Tuesday
Aug192014

StanChart pays $300 million for ‘second time around’ AML failures

The New York Department of Financial Services said Tuesday that Standard Chartered Bank will pay $300 million for "failures to remediate anti-money laundering compliance problems" required by the bank's 2012 settlement with the same regulator.

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Wednesday
May212014

Kroll on cyber security: Compliance officers should be like . . . Captain Kirk

FCPA Blog sponsor Kroll released a survey showing that 75% of compliance officers aren't involved in managing cyber security risk.

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Thursday
Apr242014

Survey shows corporate commitment to anti-corruption programs

Dow Jones Risk & Compliance conducted an online survey in February, asking 383 compliance professionals around the world to evaluate their anti-corruption compliance programs and name their top risk concerns.

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Wednesday
Mar052014

Conflict minerals: Due diligence, disclosure lessons for compliance (Part 1)

The four conflict minerals -- tantalum, tin, tungsten and goldThis post is the first in a series of three on the topic of conflict minerals. The first examines the origins of the reporting requirement, and the following two will explore what constitutes sufficient due diligence when conducting an investigation of a company and its supply chain.

Section 1502 of the Dodd-Frank Act of 2010 requires companies using conflict minerals in their products to disclose the source of such minerals, hoping to dissuade companies from continuing to engage in trade that supports these human rights abuses.

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Tuesday
Mar042014

Conflict Minerals Poll Result: 98% would cease or suspend business with supplier

The Ethical Alliance polled nearly 10,000 general counsel, senior compliance and legal professionals as to what would their course of action be if the Kaloti Group was part of their supply chain.

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Monday
Oct212013

Fed faults Commerzbank foreign account controls

The U.S. Federal Reserve said last week it was requiring Commerzbank AG in Germany and its New York branch to improve compliance with federal and state anti-money laundering (AML) laws.

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Tuesday
Sep102013

‘No Compliance Officer should be a martyr to the cause’

[Editors's note: This post is Part Five in a series about compliance officers. Part One is here, Part Two is here, Part Three is here, and Part Four is here.]

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Thursday
Sep052013

And now, due diligence on your due diligence (for real)

An interesting face-off is currently taking place between the UK’s Parliamentary Home Office Affairs Committee, chaired by Keith Vaz, and the Serious Organised Crime Agency “SOCA” over the latter’s failure to publish a list of 92 institutions, firms, celebrities and companies who have allegedly obtained illegal private information from rogue private investigators. Unless SOCA publishes the list by next week the Committee threatens to release it, despite SOCA’S concern that publication may prejudice ongoing investigations.

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Thursday
Aug292013

Humphrey arrest in China spotlights due diligence dilemma

[Editor's Note: This post comes from a reader who asked not to be named. We're very grateful for his generosity -- rlc]

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