What better way to launder money than with an actual washing machine? Law enforcement in Dover, England broke up an international money laundering racket. They found £600,000 stuffed inside a washing machine that had come from the Port of Dover. Money Laundering by Simon Hughes in The Sun Read more »
Year: 2009
Red Book 2.0 Released by OCEG with the GRC Capability Model
The Open Compliance and Ethics Group has released the second version of its Red Book about compliance models. OCEG’s Red Book 2.0 provides a guide for implementing and managing a GRC system or aspect of that system. That means Governance, Risk, and Compliance. Red Book 1, which came out in 2005, focused on “getting the … Read more »
Attorney-Client Privilege and Internal Investigations
Two cases illustrate some of the problems with the use of outside counsel for internal investigations. The possibility that a conflict of interest could arise when an attorney or law firm simultaneously represents an organization and one or more of its officers or directors is a recurring issue. A ruling earlier this month by U.S. District … Read more »
2009 World’s Most Ethical Companies
Ethisphere has published its collection of 2009 World’s Most Ethical Companies. Twenty companies dropped off the 2008 list and 25 new ones were added, leaving a list of 99 companies. Who caught my eye was Jones Lang LaSalle, a real estate company (one of my company’s business relationships) who was back on the list again. … Read more »
What Can We Learn About Compliance Programs From a Robot
We all need some help if we want to get to our destination. I was struck by Kacie Kinzer’s experiment using this “tweenbot” in New York City. “Tweenbots are human-dependent robots that navigate the city with the help of pedestrians they encounter. Rolling at a constant speed, in a straight line, Tweenbots have a destination … Read more »
The 4 Ps of the Internet: Personal, Private, Professional, and Public
I often hear the challenge of using the social internet as struggling with the balance of social (or personal) information and professional information. This never seemed to frame the issues correctly for me. Was it really one or the other? So I started thinking about the 4 Ps: Personal, Private, Professional, and Public. These seemed … Read more »
Corresponding with Cornelius – a new series of blog posts
Not all of my online conversations take place here at Compliance Building. I try to make as many comments in other places as I do here. Twitter is a sporadic stream of thoughts, comments, and replies. I also try to leave as many comments on other blogs as I do posts here. I think you … Read more »
Carried Interest Tax Legislation
We saw in the Obama budget (A New Era of Responsibility) that the administration was looking to raise revenue by taxing the carried interest for private investment funds. I was waiting to see how that one line item in the budget might translate into actual legislation and a change in tax policy. Congressman Sandy Levin … Read more »
Document Behaviors
A version of this post originally appeared in my old blog: KM Space. I have been focusing a lot of attention on the behaviors towards documents. After all, a wiki page is just another type of document. When producing documents, I have noted five types of behaviors: collaborative, accretive, iterative, competitive and adversarial. Collaborative With … Read more »
Breaking Down Compliance Silos: The Cost-Effective Approach to Managing Compliance
Michael Rasmussen, President of Corporate Integrity, Julian Parkin, Group Privacy Programme Director at Barclays, and John Kelly, Director at OpenPages, spoke in a webinar on taking a strategic approach to managing compliance. The webinar was sponsored by Compliance Week. These are my notes. Michael set the stage by asking: Does your organization walk its talk? … Read more »