On June 9, 2025, the Department of Justice (DOJ) issued new DOJ FCPA guidelines that reshape how—and when—the Foreign Corrupt Practices Act (FCPA) will be enforced. The update follows a 180-day pause under Executive Order 14209, which directed prosecutors to stop initiating new FCPA investigations unless tied to national security, cartel activity, or competitive harm to U.S. companies. What is the FCPA? The FCPA prohibits ...
The Australian Prudential Regulation Authority’s (APRA) CPS 230 mandates critical supply chain risk management updates. Financial institutions reliant on third-party services must pay close attention to this mandate. Why? Supply chain security breaches remain a critical issue, actually now affecting over 75% of software supply chains and involving recent high-profile incidents. CPS 230 therefore aims to act as a shield to better safeguard organizations. To ...
Does your risk management and internal framework really work? Some companies working in the United Kingdom will need to start proving it. Starting with accounting periods that open either on or after 1 January 2026, every company in either the FCA’s commercial companies or closed-ended investment fund categories must make a statement in its annual report confirming whether its risk management and internal control framework ...
Regulatory change continues to challenge organizations worldwide. From the UK's Digital Services Act and the EU's Cyber Resilience Act to the U.S. Corporate Transparency Act, businesses must continuously pay close attention to ongoing local and global regulations. With escalating ESG disclosure mandates, increasing AI governance, and a surge in enforcement actions, the volume of new requirements—and the speed at which they hit—is forcing companies to rethink how ...
The Corporate Transparency Act (CTA) is shaking up how small businesses handle ownership disclosures. Enacted in 2021, this Act went into effect in January of 2024. It's enforced by the Financial Crimes Enforcement Network (FinCEN), which is part of the U.S. Department of Treasury. Similar to the Economic Crime and Corporate Transparency Bill enacted a few years ago in the UK, the goal of CTA ...
The Consumer Financial Protection Bureau (CFPB) has released an interpretive rule that applies the Truth in Lending Act (TILA) and Regulation Z to Buy Now, Pay Later (BNPL) products. This new rule reclassifies certain BNPL lenders as credit card providers. This change now brings certain BNPL lenders under Regulation Z’s governance. It also affects how Governance, Risk, and Compliance (GRC) professionals should oversee BNPL products ...
The European Union's AI Act (EU AI Act), effective starting August 1, 2024, represents a comprehensive regulatory framework aimed at managing artificial intelligence applications based on their associated risks. This landmark regulation introduces a tiered system. One that classifies AI systems into the following risk categories (each tied to distinct compliance requirements): Low/no-risk Limited risk High-risk Why was the EU AI Act created? To foster ...
Regulatory compliance issues in 2024 are undergoing significant shifts, with new laws and standards being introduced worldwide. In the meantime, the European Union is rolling out stricter data privacy regulations, impacting companies across sectors. Additionally, several countries are tightening anti-corruption laws in response to recent bribery scandals involving multinational corporations. In addition, the EU AI Act came into effect in August of 2024. Staying informed about these ...
Thank you for your interest in the 2023 Bank Failures Spur Proposed Changes by FDIC - What Risk Managers Need to Know eBook Download Organizations need effective tools and systems that support and reinforce a culture of compliance and ethical decision-making. This is where Governance, Risk, Compliance (GRC) software and Ethics & Compliance (E&C) Learning solutions come into play. Click here to schedule a virtual ...
As global supply chains become increasingly scrutinized, understanding and meeting the German Corporate Due Diligence Obligations in Supply Chains act (CDDOSC) is more critical than ever. By complying, businesses not only adhere to legal requirements, but also build a resilient, ethical, and competitive presence in the global market. In this eBook we break down how organizations operating in Germany should approach their responsibilities regarding human ...
