Editor's Blog
The Top Five Boardroom Issues Compliance Officers Should Be Discussing
GUEST BLOG POST Lately, I've been reflecting on my experience presenting compliance updates to boards, both during my industry days...
Research Digest
SEC Sets Record Year in Enforcement with $8.2 Billion in Fines
T he Securities and Exchange Commission announced that it filed 583 total enforcement actions in fiscal year 2024, while obtaining...
Insight 360°
Managing Compliance in a Remote Work Environment
W e all know about the great migration to "work from home" that occurred during COVID-19 pandemic starting in 2020...
Featured news
CFTC Chair Behnam to Resign as President Trump Prepares Pro-Crypto Agenda
Commodity Futures Trading Commission Chair, Rostin Benham, announced that he plans on stepping down from his position as President-elect Trump takes office on January 20th. Benham served as the CFTC’s chairman for close to three years. He took the position in 2022 after his predecessor resigned when President Biden took
Jacob Horowitz
January 10, 2025
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Fifth Circuit Halts Corporate Transparency Act Amid Constitutional Challenge
The United States Court of Appeals for the Fifth Circuit ruled that the Corporate Transparency Act (“CTA”) is once again being put on hold as the court assesses its constitutional validity. The CTA is a law that is purposed for requiring businesses to disclose the identities of their beneficial owners.
Bank of America Settles OCC Cease-and-Desist Order Over Compliance Deficiencies
Bank of America announced that it has settled with the Office of Comptroller of the Currency regarding a cease-and-desist order against the bank for deficiencies related to the Bank Secrecy Act and sanctions compliance programs. The settlement does not require that Bank of America pay a fine but rather take
CFPB Sues Major Banks and Zelle Operator for Alleged Fraud
The Consumer Financial Protection Bureau announced that it has sued Bank of America, JPMorgan, Wells Fargo, and the operator of Zelle, Early Warning Services, for failing to protect consumers from widespread fraud. Zelle is America’s most widely available payment network. According to the lawsuit, customers of the three banks have
