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Ethicast: TD Bank Faces $3B Settlement Over AML Violations

Ethicast

Ethicast: TD Bank Faces $3B Settlement Over AML Violations

Ethicast: TD Bank Faces $3B Settlement Over AML Violations

TD Bank, the tenth largest bank in the U.S., has pleaded guilty to conspiring to fail to monitor financial transactions, which led to narcotics traffickers laundering some $670 million in illegal earning through the bank. For this, TD Bank will pay a combined $3 billion in fines and penalties, as well as retain an independent compliance monitor for three years, remediate and enhance its AML compliance program, operate under an asset cap, and face stricter regulation in the U.S.

Ethisphere Chief Strategy Officer, Erica Salmon Byrne, explains how things got this way for TD Bank, and more importantly, what organizations can learn from it. The conversation covers the settlement, discussions of the bank’s leadership, oversight, and budgeting, as well as culture and organizational pressure.

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BELA Asks: When Should I Revisit My Gifts & Entertainment Policy?

Ethicast

BELA Asks: When Should I Revisit My Gifts & Entertainment Policy?

BELA Asks: When Should I Revisit My Gifts & Entertainment Policy?

In our BELA Asks series, we address questions posed by members of the Business Ethics Leadership Alliance (BELA) about wider issues facing the ethics and compliance community. BELA members who have any questions at all about ethics and compliance can send them to us, and then our internal experts will provide an answer and/or direct them to a helpful resource for more information.

In this special BELA Asks episode, BELA Chair Erica Salmon Byrne answers the question that is on everyone’s minds as we head into the year-end gift-giving season: When should I revisit my gifts and entertainment policy? The short answer is, “now,” and Erica breaks down the reasons why.

To learn more about BELA, please visit https://bela.ethisphere.com to request guest access to the BELA Member Resource Hub and to speak with a BELA Engagement Director.

If you have a question that you’d like answered on BELA Asks, be sure to use the BELA Concierge Service, and we will get to it as soon as we can.

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Ethicast: BELA Members Share 4 Big E&C Wins

Ethicast

Ethicast: BELA Members Share 4 Big E&C Wins

Ethicast: BELA Members Share 4 Big E&C Wins

In this episode, we showcase a few of the BELA members who’ve come on the show. They don’t just represent best practices within their own organizations. They represent best practices within the ethics and compliance profession itself by sharing what they know in the interest of helping everyone advance business integrity.

Bo van Zeeland of SABIC shares how to secure ethics and compliance program resources, even when budgets are tights. Marie-Claude Dumas and Julianna Fox of WSP share some key indicators of an E&C program that has truly embedded itself within an organization. Craig Pedersen of PepsiCo talks about how the company incorporates culture assessments into their program. Lastly, Katy Creecy of Uber explains how data analytics have made such a powerful impact on Uber’s program.

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BELA Asks: How Do I Anonymize Investigations Data to Remove Bias?

Ethicast

BELA Asks: How Do I Anonymize Investigations Data to Remove Bias?

BELA Asks: How Do I Anonymize Investigations Data to Remove Bias?

In our BELA Asks series, we address questions posed by members of the Business Ethics Leadership Alliance (BELA) about wider issues facing the ethics and compliance community. BELA members who have any questions at all about ethics and compliance can send them to us, and then our internal experts will provide an answer and/or direct them to a helpful resource for more information.

In this BELA Asks episode, BELA Chair Erica Salmon Byrne answers: How do I anonymize investigations data to remove bias?

To learn more about BELA, please visit https://bela.ethisphere.com to request guest access to the BELA Member Resource Hub and to speak with a BELA Engagement Director.

If you have a question that you’d like answered on BELA Asks, be sure to use the BELA Concierge Service, and we will get to it as soon as we can.

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Ethicast: Meet the Winners of the 2024 Transparency Awards

Ethicast

Ethicast: Meet the Winners of the 2024 Transparency Awards

Ethicast: Meet the Winners of the 2024 Transparency Awards

On September 19, the 6th annual Transparency Awards were announced, celebrating U.S. companies that exemplify disclosure best practices—including best overall transparency, proxy statement, ESG reporting, Form 10-K, investor relations websites, codes of conduct, and plain language usage. Broc Romanek, Transparency Champion, former SEC lawyer, and Editor of RealTransparencyDisclosure.com joins the Ethicast to discuss key takeaways from those of this year’s most notable award winners:

  • Top honors: Intel
  • Best ESG Report: Ecolab
  • Best Code of Conduct: NextEra
  • Most Improved Overall: Ford Motor Company

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