Key Compliance Lesson From Credit Suisse: Actions Speak Louder Than Words
“It is not enough to have a global statement on paper barring something,” one attorney said of the recent case against Credit Suisse.
July 06, 2018 at 03:57 PM
1 minute read
Photo: Rick Kopstein/ALM penalty Julie Myers Wood nonprosecution agreement order - Training for all employees to report such misconduct when they see it, or at least to flag suspicious activity, such as unqualified hires, to legal and compliance departments.
- An internal review of hires on a spot basis by legal or compliance.
- A quality assurance program in the human resources department on both hires and applications that are in the pipeline to make sure the employee is qualified for the job.
- Consequences to an employee for misconduct.
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