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15 Tips for Fostering a Diverse and Innovative Workforce

Google’s decision to make public its employee diversity data broadens the conversation on this important issue beyond Silicon Valley.

7 Tips to Avoid ADA Violations in Pre-Employment Medical Exams

Even when an applicant’s disability appears directly related to job performance, employers may not reject the applicant based on that condition. Employers who do may be subject to significant fines and other legal consequences for failing to comply with the Americans with Disabilities Act (ADA).

Time to Prepare for an On-Site FMLA Investigation

Employers can expect more on-site audits from the U.S. Department of Labor (DOL) as part of its normal procedures in investigating Family and Medical Leave Act (FMLA) violations, according to statements made by FMLA Branch Chief Helen Applewhaite, at a recent FMLA/ADA compliance conference.

Tax Evasion Gets Harder as FATCA Goes into Effect July 1

The Internal Revenue Service (IRS) will have more leverage over those seeking to minimize their tax bills by moving assets outside the U.S. when the Foreign Account Tax Compliance Act (FATCA) takes effect on July 1, 2014. Enacted in 2010, FATCA is aimed at combating international tax-dodging schemes by U.S. taxpayers and businesses that cost the U.S. Department of the Treasury an estimated $100 billion each year. Approximately 77,000 banks and financial institutions have already registered under FATCA, and 70 countries have agreed to assist the U.S. in enforcing the statute.

Survey: Anti-Corruption Laws Have Major Impact on Corporate Compliance Policies

With over $1.5 billion in fines assessed by the U.S. Securities and Exchange Commission for violations of the Foreign Corrupt Practices Act (FCPA) since 2010, corruption concerns are playing a larger role in corporate decisions, according to this year’s State of Anti-Corruption Compliance Survey from Dow Jones Risk & Compliance.

Heads of SEC and FBI Address White-Collar Crime Enforcement Trends

Mary Jo White, chairwoman of the U.S. Securities and Exchange Commission (SEC), and James Comey, director of the Federal Bureau of Investigation (FBI), recently discussed enforcement trends and offered advice on how companies can avoid violating federal laws, at the New York City Bar Association’s third annual White Collar Crime Institute.

Regulators Increasingly Pursue Individual Liability for Money-Laundering Violations

The Financial Crimes Enforcement Network (FinCEN), an arm of the U.S. Department of Treasury, recently fined a Miami-based money services business (MSB) and its owner $10,000 for failing to implement proper anti-money laundering (AML) controls in violation of the Bank Secrecy Act (BSA). Charges include failing to register as a MSB and willfully violating the BSA's program, reporting and recordkeeping requirements.

Final Volcker Rule Places More Emphasis on Compliance Programs

Following over two years of comment and debate, the final Volcker Rule officially went into effect on April 1, 2014. While most banks have until July 21, 2015 to reach Volcker Rule compliance, those with over $50 billion in consolidated trading assets and liabilities are required to report to regulators beginning June 30, 2014.

Protecting Trade Secrets in the Digital Age Requires Extra Vigilance

Technology allows businesses around the world to easily communicate and access data, increasing both business opportunities and worker productivity. However, this same technology also makes corporate data more vulnerable to theft and harder to protect. Lost or stolen data has significant financial repercussions; misplaced devices or server crashes are estimated to cost the average business $586,000 a year.  Data theft was recently estimated to cost companies $250 billion a year, according to the National Crime Prevention Council.

New OSHA Guide on Hazardous Chemicals for Small Businesses

The Occupational Safety and Health Administration (OSHA) recently released a guide to help small businesses develop an effective hazard communication program and comply with OSHA’s revised Hazard Communication Standard (HCS). The HCS is aimed at improving employees’ understanding of the health and physical hazards associated with chemical substances.

ACC Alliance Partner
Thomson Reuters