Compliance Channel – Page 132

Russlands Kultur des Schenkens

Die Gastfreundlichkeit der Russen ist berühmt. Doch auch für Gäste gilt in Russland das ungeschriebene Gesetz, nie mit leeren Händen zu Besuch zu kommen. Blumen, Pralinen oder eine Flasche Wein gehören zum guten Ton bei einem noch so formlosen Treffe...

General Data Protection Regulation: Are you ready?

Next year’s enforcing of the EU’s new General Data Protection Regulation (GDPR), will place concerns for data privacy and IT security firmly at the top of the board and management’s agenda. The board and executive management will be held responsible ...

CEO Leadership – Honesty, Integrity, Listening and Empathy

At the outset, let me concede that I am not a psychiatrist (although we all feel like one at times with family members and colleagues). My observations on CEO leadership come from my own life experiences, and professional experience. I know there are...

Good governance: The foundation for playing a beautiful game

While a lot of work remains to be done in terms of motivating change and in developing customised, adequate and effective governance solutions, there has been noteworthy progress lately, too. Firstly, more and more sport leaders, organisations and st...

No More Excuses: CCOs Have to Embrace Technology

It is time for an honesty check – many CCOs do not like change. CCOs, however, need to embrace change as a powerful force. Compliance is an evolutionary process – it is constantly changing. A compliance program has to move like a shark and constantly...

Looking at culture through governance lenses

Culture in the professional context has become a commonplace conversation today. A report published last year by the UK’s Financial Reporting Council appears to confirm that ‘boards and executive management can steer corporate behaviour to create a c...

Infantino faces ethics complaint over FIFA leadership

Gianni Infantino’s leadership of FIFA faced renewed criticism Wednesday when two former officials turned on the president with complaints about his conduct. New York University law professor Joseph Weiler disclosed he has submitted an ethics complain...

The executive board’s role in cybersecurity

The increasing number of major breaches across the globe has prompted regulators to act. In many jurisdictions, businesses are now required to meet strict cyber risk management mandates or face penalties. New regulations not only require organisation...

Oversight of AML: Time to take notice

Whether it’s bribery and corruption, economic sanction circumvention, money laundering or tax evasion, the world is seeing one of the most significant periods of change in the area of anti-financial crime. And this is accompanied by an increasing foc...

ICBC Luxembourg under investigation in Spain for money laundering

The Luxembourg branch of the Industrial and Commercial Bank of China (ICBC) has been drawn into a Spanish investigation regarding alleged money laundering at its Madrid office. A Spanish high court judge on Monday agreed to bring proceedings against ...

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