NAVEX Global

Know What You Don’t Know: New EU AML Directive Requires Stringent Third Party & Customer Due Diligence

Over the past couple of years, the European Commission has been working on updating its nine-year-old Third EU Anti-Money Laundering (AML) Directive to accommodate new international standards and to address previous…more

7/30/2014 | Commercial Law & Contracts, Finance & Banking, Consumer Protection, International Law & Trade

Are We Giving Up on Ethics & Compliance Programs?

The recently released 13th Global Fraud Survey from EY notes that, despite an aggressive enforcement environment focused on fraud, bribery and corruption, “the percentage of companies that have anti-bribery/anti-corruption…more

7/28/2014 | Commercial Law & Contracts

NAVEX Global 2014 Training Benchmarking Report Webinar: Top Takeaways & Questions

We recently hosted a webinar, “Priorities, Practices and Trends in Training” to discuss the findings from our NAVEX Global 2014 Ethics and Compliance Training Benchmark Report. Some of the key findings from the report,…more

7/22/2014 | Commercial Law & Contracts, Labor & Employment Law

Defining, Enforcing and Preventing Conduct Risk

An international focus on defining, preventing, and understanding the concept of “conduct risk” has become problematic for financial services organisations in the UK and beyond—in part because the term is not yet clearly…more

7/17/2014 | Commercial Law & Contracts, Finance & Banking

Fauxtroversy: Combining or Separating GC and CCO Roles?

I’ve watched for several years now the supposed controversy regarding the requirement of separating the general counsel and chief compliance officer roles. The arguments against combining the roles have ranged from a single…more

7/15/2014 | Commercial Law & Contracts

Speak Up or Pay Up: Lessons from GM

The now infamous General Motors mea culpa, which followed the automotive giant’s recall of almost six million cars, has brought the importance of a “speak up culture” front and center. As part of the company’s long road to…more

7/12/2014 | Commercial Law & Contracts, Labor & Employment Law, Products Liability

What Do CNIL’s New Guidelines Mean for Hotline Reporting Programmes?

Earlier this year, the French data protection regulatory authority (“Commission Nationale de L'informatique” or “CNIL”) significantly broadened the scope of the matters it allows whistleblowers to report through a hotline under…more

7/10/2014 | Commercial Law & Contracts, Labor & Employment Law

An Ounce of Fraud Prevention Is Worth Trillions of Dollars

A recent study, Report to the Nations on Occupational Fraud and Abuse: 2014 Global Fraud Study from the Association of Certified Fraud Examiners (ACFE) analyzed nearly 1,500 cases of occupational fraud as reported the Certified…more

7/7/2014 | Commercial Law & Contracts, Labor & Employment Law

You’ve Got a Problem, Bro – Tinder, Silicon Valley and Resolution 62

A co-founder and now former employee at Tinder has sued the dating app startup and its leaders for sexual harassment and discrimination. It’s a messy (and familiar) story of an office romance between senior execs gone horribly…more

7/3/2014 | Civil Rights, Commercial Law & Contracts, Labor & Employment Law, Science, Computers, & Technology

Three Ethics & Compliance Program Insights You Can’t Afford to Miss

In the first half of this year, I interviewed and conducted focus groups with hundreds of line employees, professionals and managers on four continents and—regardless of country, culture or industry—three themes came up again…more

6/30/2014 | Commercial Law & Contracts, Labor & Employment Law

How Does Your Ethics & Compliance Training Measure Up?

For the last five years, NAVEX Global has been proud to provide the industry’s best and most statistically accurate hotline benchmarking data. Our annual reports are a trusted resource for ethics and compliance officers,…more

6/24/2014 | Commercial Law & Contracts

What’s In Your Code?

“Too legalistic.” “Boring.” “Hard to understand.” “Just a CYA for the company.” These are all real comments my Advisory Services team members and I have heard from employees at hundreds of organizations with relation to their…more

6/20/2014 | Commercial Law & Contracts, Labor & Employment Law

Bussing v. COR Clearing LLC: What Retaliation Protections Are Whistleblowers Entitled To?

U.S. courts continue to disagree about the extent and coverage of protections from retaliation for “whistleblowers” under the Dodd-Frank Act. Contrary to SEC rules and other District courts, in the 2013 Asadi case, the 5th…more

6/16/2014 | Civil Procedure, Civil Rights, Labor & Employment Law, Finance & Banking, Securities Law

Hear it From Employees First: Why Managers Should Encourage Whistleblowers

“I have never understood why hospital managers don't crawl, on bended knee, from one end of their trust to the other, begging staff to tell them what's going on, what's wrong and what needs fixing,” says Roy Lilley, former UK…more

6/12/2014 | Commercial Law & Contracts, Labor & Employment Law, Health

Failure to Plan is Planning to Fail: Keys To Raising Employee Awareness of Ethics & Compliance Programs

Between sessions at last week’s Practicing Law Institute conference in New York, I had several conversations with compliance officers about their ethics and compliance program challenges. The common theme among the challenges…more

6/9/2014 | Commercial Law & Contracts, Labor & Employment Law