In a client note, the law firm Burns & Levinson writes that the In-House Advisor convened a video conference of 15 general and corporate counsel to talk about their businesses’ respohnse to the COVID-19 crisis. The in-house lawyers, says the firm, came from small companies to multinationals. The roundtable discussion began with a brief presentation […]
The job of the chief compliance officer (CCO) has evolved in recent years. Not only because legislation has gotten tougher, but also because new needs have emerged in the company today. What was once not considered central has now taken on great importance. I am thinking, for example, of corporate reputation or the protection of […]
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Draft German corporate crime bill limits attorney-client privilege, boosts internal
Germany has not had a formal law against corporate crimes, instead relying on a patchwork of administrative laws to prosecute corporate entities. Perhaps instigated by the diesel emission scandal at Volkswagen AG, the country’s Ministry of Justice has recently released a comprehensive corporate crime bill. Morgan Lewis, in a client note, sets out the basics […]
It can happen anytime: An employee sees wrongdoing somewhere in the organization, and contacts your compliance or legal department. What should you do? Kyle DeYoung, of Cadwalader, sets out how to respond in a client note. First of all, he says, the recent payment of $50 million to a pair of whistleblowers should serve as […]
Fox Rothschild‘s Odia Kagan states in a recent client note that the UK’s Information Commissioner’s Office (ICO) has released, for public comment, guidelines for data sharing. The rules, once finalized, will control all data sharing agreements that are subject to the UK Data Protection Act—Kagan says that means UK companies and companies that sell goods […]
Cryptocurrency platform Celsius Network has hired Jeremie Beaudry has joined Celsius as it chief compliance officer. The London-based company says that Beaudry has experience in corporate counseling, risk mitigation, and risk management. After receiving his BA in Business Management from Kennesaw State University, Beaudry earned several industry licenses, including Certified Anti-Money Laundering Specialist (CAMS) and is a […]
Remember how it was a year ago? Companies were fretting and rushing to comply with the European Union’s General Data Privacy Regulation. Tons of paper and millions of computer screen real estate were dedicated to this onerous law that was going to interfere with everyone’s business. A year later, companies and their lawyers have just […]
On April 30, the U.S. Department of Justice updated its guidance on evaluating corporate compliance programs. The DOJ’s Fraud Section first gave guidance back in February 2017, says the law firm Dechert in a client note. While the DOJ Guidance and the Update are aimed at guiding prosecutors, they’re a pretty decent way for companies to […]
Data breaches, dodgy sales practices and general corporate misconduct are behind increased compliance spending, says a new report by KPMG. The consultancy says that enterprises plan to strengthen their ability to detect and prevent ethical misconduct by enhancing key compliance areas of investigations, monitoring and testing, due diligence and governance. The reason? Increased digitalization and […]
