Online Safety Community

Compliance Failure: Examples and Lessons

Event Details

Compliance Failure: Examples and Lessons

Time: June 5, 2018 from 1pm to 2pm
Location: 26468 E Walker Dr, Aurora, Colorado 80016
Street: 26468 E Walker Dr, Aurora, Colorado 80016
City/Town: Aurora
Website or Map: https://goo.gl/VeupFv
Phone: 18883008494
Event Type: online
Organized By: Training Doyens
Latest Activity: May 10, 2018

Export to Outlook or iCal (.ics)

Event Description

OVERVIEW

On a number of occasions I have been brought in to lead projects addressing recently discovered compliance failures.  We will discuss a number of these as real case studies.  It is more common than you might think because no one is going to present in a seminar or industry meeting how they got in trouble, how they worked their way out, and how they dealt with the relevant regulators.  So there is very little learning from mistakes within the industry.  This is a chance to share some of this learning.

WHY SHOULD YOU ATTEND

There is increasing discussion that, rather than punish stockholders, individual officers should be personally held accountable for their decisions causing failures to act in compliance.   Already the Sarbanes-Oxley law specifically requires that companies, including banks, have accurate financial reports as well as sound controls as required to assure the material accuracy of those reports.  CEOs and CFOs have to personally sign statements to that effect and can be charged personally under some circumstances.  

In my career there have been many times when I have been brought in as a consultant or a Senior Executive to take over non-compliant operations or to establish projects to fix non-compliant operations.  Sometimes this happened after a specific executive was fired.  At other times, we were able address the problems in time to avoid ending anyone’s career.    

It is said that a smart person learns from their mistakes; but a wise one learns from others’ mistakes.  This is a chance to learn from many other people’s hard experience.

AREAS COVERED

  • Common AML compliance failures.
  • Extraordinary AML compliance failures (intentional at the executive level).
  • Widespread SOX failures (Sarbanes-Oxley Act) primarily control breakdowns leading to reconciliation breakdowns and incorrect reporting.
  • A broad failure of licensing controls where the company providing insurance products in the name of several major banks did not know which products were licensed is which states. 
  • For each case we will look at…
  • What was the cause of the compliance failure
  • How was a problem identified (red-flags, check list items, audit steps) and communicated internally (escalation process) 
  • What was done with regard to communication with regulatory authorities
  • What did it take to investigate and address the failures
  • What internal controls and risk mitigation steps were taken to prevent recurrence

LEARNING OBJECTIVES

  • What causes compliance failures?
  • How can they be identified?
  • How do they get fixed?

WHO WILL BENEFIT

Banking, Brokerage, or any Financial Services company

 

For more detail please click on this below link:

https://bit.ly/2rw3f5X

 

Email: support@trainingdoyens.com

Toll Free: +1-888-300-8494

Tel: +1-720-996-1616

Fax: +1-888-909-1882

Comment Wall

Comment

RSVP for Compliance Failure: Examples and Lessons to add comments!

Join Online Safety Community

Attending (1)

Take our poll!

Take our poll!

Latest Activity

swethakumar posted a blog post

Government Approved Fire Safety Course in Cochin

Government Approved Fire Safety Course in CochinFire and Safety Training in Cochin is the basic qualification for everyone who wishes to start their career prospects in HSE sector of many reputed industrial organizations in India as well as abroad and it has various aspects such as,Diploma in Fire Engineering & Safety ManagementDiploma in Fire FightingAdvanced Diploma in Fire & Industrial Safety ManagementPost Graduate Diploma in Fire & Industrial Safety Management…See More
1 hour ago
HrishikeshRam posted a blog post

Career Prospects in Occupational Nebosh Course

NEBOSH Course in Mumbai is a credited form of Industrial Health and Safety Management and has two major certifications such as the NEBOSH International Diploma (IDIP) and NEBOSH IGC Course in Mumbai.These course certifications are highly demanded in HSE sectors of both Private and Government industrial organizations in India as well as Abroad.Read More……See More
4 hours ago
Concept Seating posted a blog post

Dangers of Sitting All Day and How to Combat them

Dangers Of Sitting All DaySitting at your desk might seem like the least dangerous thing you can do in a workplace. Compared with operating a forklift, working the high steel on a construction site or working deep underground in a coal mine, sitting at a desk all day doesn’t seem all that risky. However, just because health hazards associated with a desk job are not obvious doesn’t mean they don’t exist. In fact, research has shown that sitting for prolonged periods every day can have serious…See More
21 hours ago
Profile IconConcept Seating, Wealth Prime, Donald Cox and 1 more joined Online Safety Community
21 hours ago

Forum

EDB to PST converter 1 Reply

Get help of this EDB to PST Converter software which can convert Exchange Server EDB files into MSG and EML…Continue

Tags: migrate, edbtopst, pst, to, edb

Started by william webb. Last reply by Diana Carvalho 4 hours ago.

Do you want to be part of the Safety Community case study? 19 Replies

Hey all! Because the Online Safety Community has been so successful, we are working on creating a case study about the community. If you would like to be involved and share your story about the…Continue

Tags: community, workplace, safety, online, study

Started by Safety Community. Last reply by Olushola adewale yesterday.

How to convert NSF data files to Outlook PST

If you want to convert the NSF data to Outlook PST and other formats. If you want to follow the 2 way, definitely you can convert all NSF data to PST. The first method is Manual.Manual method is free…Continue

Tags: lotus, notes, outlook, converter, pst

Started by Max Beckham on Thursday.

How to fix corrupted Mac data?

Using manual method for recover mac data is very risky so Use an automatic data recovery tool to successfully recovery any kinds of lost data on Mac System But i personally recommend you to use this…Continue

Tags: repair, recovery, data, mac

Started by martha wilson on Wednesday.

How To Repair A Corrupt Mac

As a Mac user you may rarely come across such a situation wherein data seem inaccessible, but someway you might have to face data loss. If you are suffering from any of such problems then in this…Continue

Tags: recover, repair, recovery, data, mac

Started by martha wilson on Wednesday.

Badge

Loading…

© 2019   Created by Safety Community.   Powered by

Badges  |  Report an Issue  |  Terms of Service