Matt Kelly

Lots of news in the Compliance Jobs Report this week. Danske Bank is integrating its risk and compliance operations with a joint chief; hiring news at Wake Forest University, Wise, and elsewhere. Promotions to note at 3M, Oliver Wyman, MUFG, Swiggy, and more.

The U.S. Treasury Department has dinged FTI Consulting $1.05 million for its dealings with a sanctioned Russian bank, in what clearly is a warning shot to other global business that no, you cannot avoid sanctions liability by relying on indirect financial relationships managed through intermediate parties. Sanctions compliance teams, take note. The Office of Foreign Assets Control announced the settlement on Monday.

Last week I had the good fortune to moderate a webinar on every compliance officer’s favorite subject: investigations! (And all the ways they can go wrong.) As usual, the conversation was excellent and I took lots of notes; which I now pass them along now for whatever they might be worth. One great insight came from the very first question I posed to listeners and our three panelists.