Andrew Williams, executive coach and former CCO & General Counsel provides advice on how to deal with challenges such as cost pressure, managing relationships with regulators, geopolitics, and much more.
Sanctions
A Big Three health insurer says it paid the fine to head off potential Medicare Advantage sanctions as it disputes the Centers for Medicare & Medicaid Services’ finding over alleged overpayments.
OFAC and OFSI have released guidance that compares key aspects of both sanctions regimes, focusing on topics such as sanctions lists, recordkeeping, and reporting requirements.
Imposed sanctions relate to statutory audits of four companies belonging to the same ownership group and were carried out between 2018 and 2020.
Gary Watson discusses the findings in the FCA’s review of sanctions, the recent OFSI sanctions fine, and the need for structural change.
The bank failed to comply with a general risk assessment of products for corporate clients.
A couple of recent sanctions actions by OFAC are reminders of the need to monitor red flags and appreciate business partner risk.
The FCA is auditing how supervised firms manage their compliance systems – we take a look at good and poor practices.