Compliance news

Here are some recent compliance news articles and updates:

Regulatory Updates

  1. SEC Proposes New Rules for Climate-Related Disclosures: The Securities and Exchange Commission (SEC) has proposed new rules requiring publicly traded companies to disclose climate-related risks and greenhouse gas emissions. (Source: SEC)
  2. EU's GDPR Turns 2: What's Next for Data Protection?: The European Union's General Data Protection Regulation (GDPR) has been in effect for two years, and experts are discussing its impact and what's next for data protection. (Source: Forbes)
  3. New York State Enacts Cybersecurity Regulation for Financial Institutions: New York State has enacted a new regulation requiring financial institutions to implement robust cybersecurity measures to protect customer data. (Source: NYDFS)

Compliance Issues

  1. Wells Fargo Fined $1 Billion for Mortgage and Auto Loan Abuses: Wells Fargo has been fined $1 billion by regulators for its role in the 2008 financial crisis and for abuses in its mortgage and auto loan practices. (Source: The New York Times)
  2. Facebook Fined $5 Billion for Cambridge Analytica Scandal: Facebook has been fined $5 billion by the Federal Trade Commission (FTC) for its role in the Cambridge Analytica data privacy scandal. (Source: The Washington Post)
  3. JPMorgan Chase Fined $250 Million for Anti-Money Laundering Failures: JPMorgan Chase has been fined $250 million by regulators for its failures to prevent money laundering and other financial crimes. (Source: The Wall Street Journal)

Compliance Technology

  1. AI-Powered Compliance Tools Gain Popularity: Artificial intelligence (AI) is being used to improve compliance processes, including risk assessment, monitoring, and reporting. (Source: Compliance Week)
  2. Blockchain-Based Compliance Solutions Emerging: Blockchain technology is being explored for its potential to improve compliance processes, including identity verification and supply chain tracking. (Source: Forbes)
  3. Compliance Automation Platforms Gain Traction: Compliance automation platforms are gaining popularity as companies look to streamline their compliance processes and reduce costs. (Source: Business Insider)

Compliance Training and Education

  1. Compliance Training Programs Evolve to Meet Changing Regulatory Landscape: Compliance training programs are evolving to meet the changing regulatory landscape and to address emerging risks and threats. (Source: Training Industry)
  2. Online Compliance Courses Gain Popularity: Online compliance courses are gaining popularity as companies look for cost-effective ways to train employees on compliance issues. (Source: eLearning Industry)
  3. Compliance Certification Programs Gain Credibility: Compliance certification programs are gaining credibility as companies look for ways to demonstrate their commitment to compliance and ethics. (Source: Compliance Certification Institute)