Explaining The DOJ’s Updated Guidance on Corporate Compliance Programs

In June of this year, the U.S. Department of Justice (DOJ) updated their guidance on the evaluation of Corporate Compliance Programs. As with their previous updates, this new guidance strongly suggests that in order to most effectively track and monitor a compliance program, organizations should be leveraging technology, software, and data analysis.

Because the DOJ’s updated guidance governs criminal compliance actions against organizations, it is commonly viewed as the benchmark for which compliance programs should strive. This update was packed with great insight  that every compliance professional should read. If you haven’t read the entire report, I highly recommend doing so, which you can find here.

And when the DOJ speaks, those of us in compliance should listen. But according to our 2020 Annual Compliance Benchmarking Report, compliance professionals suggested that keeping up with new laws and regulations is their greatest challenge when managing a compliance program.  Whether or not you were able to read the entire report, we’re going to simplify things for you. On September 16, we’ll be hosting a new webinar, titled “Why Technology is the Key to Meeting the New DOJ Guidance,” where we’ll show you examples of how you can meet the the guidance and leverage technology to:

• Analyze and Determine Who Should be Trained and on What Subjects
• Access Sources of Data to Allow for Timely and Effective Monitoring and/or Testing of Policies, Controls, and Transactions
• Measure the Effectiveness of Training and Testing Employees on What They Have Learned
• Track Access to Policies to Understand What Policies are Attracting More Attention From Relevant Employees

We hope to see you there! In the meantime, if you’ve already read the update, leave your thoughts on what the DOJ had to say in our comment section below.