An important read for corporate compliance, reaffirming the oversight that U.S regulators are adopting over corporate compliance programs and€¦

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An important read for corporate compliance, reaffirming the oversight that U.S regulators are adopting over corporate compliance programs and compliance officers. As the Commodities Futures Trading Commission (CTFC) moves to raise charges against the former Chief Compliance Officer of the Binance the Bitcoin exchange. ‘Alleging that the Former CCO helped set policies intended to help customers circumvent the firms compliance controls.’

Coming at a time when the U.S. Department of Justice Criminal Division updated its Evaluation of Corporate Compliance Programs (March 2023) – (https://lnkd.in/e8T88FmZ). One suspects that along with other U.S financial, consumer, market and industry regulators. Chief Compliance Officers and their regulatory compliance programs will get more proactive oversight, or when compliance programs are seen to have failed to meet their regulatory obligations.

Ted Dziekanowski Rachel V. Rose, JD, MBA Stephen Pitt-Walker, JD, FGIA James Foster

#chiefcomplianceofficer #compliance #regulation

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