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Compliance Failures of 2024: Key Lessons Learned
This podcast episode discusses five major 2024 compliance failures – Wells Fargo, Amazon, Theranos, Volkswagen, and FTX – highlighting key lessons for compliance officers. The episode analyses the root causes of each failure, such as weak ethical cultures, inadequate data privacy measures, insufficient third-party vetting, and poor whistleblower protection. Key takeaways emphasise the importance of fostering ethical cultures, prioritising data privacy, conducting thorough due diligence, establishing robust whistleblower programs, and strengthening internal controls. The podcast ultimately aims to help compliance professionals avoid similar mistakes by learning from these high-profile cases.
Published on 1 year ago