Compliance Culture

Practical insights for compliance and ethics professionals and commentary on the intersection of compliance and culture.

Last week on Compliance Culture

Check out last week’s posts on Compliance Culture, in case you missed or want to revisit them.

Many thanks for reading!

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Round-up on compliance issues with PSD2 implementation

The Payment Services Directive 2 (PSD2) became effective in the European Union as of January 13, 2018.  These revised rules replace the first Payment Services Directive, which was previously in place from December 25, 2007.

The purpose of PSD2 is to provide stronger consumer protections when making electronic payments, especially in online purchases, promote fintech innovations in online and mobile payments as well as open banking applications, and improve the efficacy and safety of cross-border payments within the EU.

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Corporate takedowns: Gawker

This is the final entry in a series of four posts about corporate takedowns.  The first post was about American Apparel.  The second post was about Theranos.  Last week’s post was about the Facebook and Cambridge Analytica data sharing scandal.  Today’s post will discuss Gawker.

Gawker was a blog website focused on New York City celebrity and media news and gossip.  It was launched in 2002 and was a popular source of often controversial content about famous people and prominent organizations.  Gawker faced first public scrutiny and later legal battles about posting videos, e-mails, and other private information that was suspected to have been improperly obtained or in violation of confidentiality or copyright interests.  In 2016, the end of a protracted legal battle over one such posting led to a $140 million legal judgment against Gawker and the company’s resulting bankruptcy.

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Values and interests in decision-making

Samantha Power is an academic and author who was the United States Ambassador to the United Nations from 2013 to 2017.

Power’s diplomacy is founded in her career origins as a journalist covering the Yugoslav Wars of the 1990s as a war correspondent for various publications.  Later, Power became a professor and then a foreign policy fellow and advisor working for Barack Obama, and was then appointed to the National Security Council before her nomination as the ambassador to the UN.

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This week on Compliance Culture

Be sure to visit Compliance Culture this week for posts on these topics.

  • Monday:  Values and interests in ethical decision-making
  • Tuesday:  Corporate takedowns: Gawker
  • Wednesday:  Bozoma Saint John and ethical leadership
  • Thursday:  Compliance and Payment Services Directive 2 (PSD2)
  • Friday:  Ethical decision-making

Don’t miss it!

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Round-up on justice issues with marijuana legalization

The ongoing discussion about marijuana legalization has gained great momentum and now must include vital justice considerations.  As the process of decriminalizing marijuana cultivation, use, and possession gains public acceptance, the scope of the discourse must widen to include racial and social justice reforms.  These issues are critical for understanding in the mixed progress of legalization, the efficacy and impact of enforcement trends, and ongoing requirements for regulatory design and social equity gains.

Cory Booker, US Senator from the state of New Jersey, is the author of the Marijuana Justice Act and has spoken repeatedly about the need for states to consider criminal justice reforms alongside medical and recreational marijuana legalization campaigns.  As states legalize future marijuana possession, use, and distribution but do not consider corrective action for people with previous criminal convictions they create an unjust and unfair double standard where legalization benefits one set of citizens and does not alleviate what Senator Booker refers to as “collateral consequences” that seriously impair another set.

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