Compliance Bricks and Mortar for October 20

These are some of the compliance-related stories that recently caught my attention.


6 Trends in AML Compliance by Ambreesh Khanna

Anti-money laundering regulations (AML), including Know Your Customer (KYC) requirements, are hardly a new concept in the world of financial services. Over the years, financial institutions have largely mastered the mechanics of compliance. There is, however, significant opportunity for improvement, especially when it comes to boosting accuracy, efficiency and productivity. Banks that embrace innovation around their AML strategies stand to leapfrog the competition when it comes to stronger performance, growth and customer relationships.

Here are the trends shaping today’s AML reality. [More…]


What happens when the corrupt regime is gone? by Angela Barkhouse in the FCPA Blog

Showing political will in combating corruption is essential not only for rule of law and social cohesion but for the reconciliation of the truth and for ensuring justice. This has been increasingly absent in a number of efforts to investigate gross human rights violations and corrupt acts in Tunisia.

Created through the Transitional Justice Law adopted on December 24, 2013 the Truth and Dignity Commission (TDC) or Instance de Verite & Dignity (IVD) was mandated with investigating these violations since its independence in 1955 to December 2013 and incredibly the IVD received over 60,000 cases for investigation.   [More…]


A Broken Windows Theory of International Corruption by Roger P. Alford

The Article re-conceptualizes corruption through the lens of the broken windows theory of community policing, focusing on the root consequences of corruption as well as its secondary effects. [More…]


Does Your Board Make a Difference in Compliance? by Ben DiPietro in the WSJ.com’s Risk & Compliance Journal

A board of directors can make a difference in its organization’s compliance program by making sure the compliance function has autonomy, has stature within the C-suite and by making sure board members are informed about what is happening in compliance and why it matters to the business, said Erica Salmon Byrne, executive vice president and executive director of business ethics advocacy group Ethisphere Institute’s Business Ethics Leadership Alliance. The group brings together global companies to work together on ethics and compliance issues. [More…]


Senate Panel Sets Hearing Next Week on Pair of SEC Nominees

The Senate Banking Committee is set to hold a confirmation hearing next week for the Trump administration’s two nominees to fill vacancies at the Securities and Exchange Commission, according to person familiar with the matter.

The hearing is a key development in the nominations of Hester Peirce, a Republican, and Robert Jackson, a Democrat, since President Donald Trump nominated the pair earlier this year. [More…]