Regulatory compliance experts with Wolters Kluwer Compliance Solutions will present practical tips for banks on maturing traditional risk management and compliance programs by leveraging the Department of Justice (DOJ) Federal Sentencing Guidelines for Organizations. The insights will be shared during a breakfast panel session at the American Bankers Association’s 2023 Risk and Compliance Conference. “Uncovering Hidden Gems: The Best Guidance for Navigating Risk and Compliance That You've Never Heard Of,” will take place from 7:30 am to 8:15 am CDT Wednesday, June 14th at the Henry B. González Convention Center in San Antonio, Texas.
Participants in this panel discussion from Wolters Kluwer Compliance Solutions include Thomas Grundy, Director; Mark Miller, Director; Seth Reimer, Manager; and Elaine Duffus, Senior Consultant.
"In 2017, the DOJ’s Criminal Division released a set of factors that were seen as helpful information for the compliance and legal communities, as it provided some clear expectations,” explains Grundy. “The updated version released in March 2023, titled 'Evaluation of Corporate Compliance Programs,' poses a series of probing questions for organizations to ask themselves to analyze the effectiveness of their compliance programs. In this session, we’ll discuss compliance management systems and how the three lines of defense model may be updated with the new guidance from the DOJ.”
