These are some of the compliance-related stories that recently caught my attention.
Jamie Dimon Says He’s Unsure If Elizabeth Warren Understands Global Banking System by Kim Chipman for Bloomberg
[W]hen asked about his biggest worries, Dimon expressed concern that the U.S. may eventually be hurt by ideological decisions being made in Washington. [More…]
Legal Ethics for Compliance Lawyers By Jeffrey Kaplan From Compliance & Ethics Professional, a publication for SCCE members
I do not think that there is any great tension between the two. Of course, a company’s lawyers have to abide by somewhat different rules with respect to reporting suspected violations than do employees generally, because the lawyer’s knowledge of possible wrongdoing may be subject to the attorney-client privilege. But this is as it should be, since jeopardizing the privilege would make it less likely that a company would seek legal advice on C&E matters, thereby weakening C&E programs.[More…]
Warning: Keeping Compliance Simple by Michael Volkov in Corruption, Crime & Compliance
CCOs have to avoid something that comes with influence and authority – making compliance programs too complex. Why do I worry about this?
Compliance depends on simplicity and accessibility. It does not depend on self-actualizing theories and designs of wordy compliance concepts. Take one example – (and I apologize to advocates of this) the so-called “three-lines of defense” (“TLOD”) or other compliance program acronyms and theories.[More…]
How biased are you about bribery (or anything else)? Watch the first video. Then read the post and find out. by Etai Biran in thebriberyact.com
Being aware of our biased behavior during the information selection stage has significant implications on the rest of the decision making process. Selecting the right information to form a decision will have great impact on the decision’s outcome. Using the wrong information to evaluate a situation will have a “domino effect” on the rest of the decision making process and will eventually lead to bad judgment and bad decisions. If the information selection process is biased it may well be that the final decision turns out to be a bad one because it was based on wrongful information all along.[more…]
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Fort Jackson; Brick Wall is by Jodi Green
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