The world of compliance is extremely dynamic as new laws and regulations come into practice while old regulations get adjusted. Therefore, it’s crucial to be up to date with the latest compliance news. That’s why it’s best to get your information from various compliance newsletters to keep updated.
There are several compliance newsletters you can subscribe to; however, there are different compliance newsletters for each industry. However, you can subscribe to newsletters that offer compliance news and information on other hot topics in general.
In this article, we’ll go over what compliance is and what are the best compliance newsletters you can subscribe to in 2021.
What is Compliance, and Why is it Important?
Compliance is quite simply the act of following the rules, laws, and regulations laid down by the local, state, and federal government. Each level of the government enacts new regulations to ensure there are fair business practices in the United States.
There are different kinds of compliance, including federal compliance, corporate compliance, and more. Companies and organizations lay down various internal and external policies to manage their compliance programs effectively. Staying compliant helps organizations avoid violating laws and rules, so they’re no levy to any lawsuit or fines.
In any case, compliance isn’t a simple task you can tick off in your to-do list; it’s an ongoing process based on various factors. You can’t read a few FAQs (frequently asked questions) and understand compliance; you need a compliance officer with adequate compliance training.
The compliance officer usually has all the necessary continuing education required and has enough regulatory compliance knowledge to understand most laws. For example, you may not realize it, but understanding various laws such as Title IX and offices like the Office of Foreign Assets Control (OFAC) may help you with regulatory compliance at some point. Other than that, your compliance officer may even keep you safe from money laundering dangers, a data breach, or any other potential issues like regulatory changes.
In hubs like New York, compliance can include things such as export control, cybersecurity, code of conduct at the company, HIPAA compliance, healthcare, accessibility, risk management, data privacy, and more. Being compliant also means large organizations are required to have a hotline for whistleblowers.
In any case, compliance ensures companies are practicing fair business while ensuring customers are being treated fairly too. Strict compliance standards ensure companies and organizations stay in check, especially during crises, such as the recent COVID-19 pandemic (coronavirus).
Top Compliance Newsletters in 2021
There are several compliance newsletters for different industries you can check out. However, it’s best to consider reading up on well-known and industry-specific newsletters. For example, if you work in the financial services industry, you should subscribe to a newsletter that provides the latest news on all finance-related regulations.
However, that doesn’t mean you shouldn’t read up on other newsletters too. For example, some compliance newsletters tend to provide news on regular laws and regulations that apply to all kinds of organizations, whether you’re an athletics wear company or a social media company for that matter.
It’s best to keep in touch with the rules, laws, and regulations that apply to all industries. Meanwhile, you should emphasize on the rules and regulations of your industry to become an expert on it.
Some companies also have newsletters that have a dedicated news section for compliance. For example, at times, LinkedIn gives news on relevant regulatory changes. In any case, it’s advisable to subscribe to well-known compliance newsletters that offer general and relevant information on new and existing rules, laws, and changes.
However, the following compliance newsletters are some of the best compliance newsletters you can subscribe to going into 2021.
1. Corporate Compliance Weekly News
The Corporate Compliance Weekly News is the weekly newsletter by Corporate Compliance. The website is the official site of the Society of Corporate Compliance and Ethics (SCCE).
The newsletter is emailed every Thursday and includes the latest weekly compliance news and updates. The publishers take five days of the week to scour major news sources, congressional hearings, case law updates, and more to develop the newsletter.
Using their research, they summarize the most relevant corporate compliance-related news and compile it into a single newsletter.
Each of the updates and news stories in the compliance newsletter includes a link to the source of information. You can authenticate the news or read up on it further if you’re interested.
To subscribe to Corporate Compliance Weekly News, enter your email here. You can choose to receive the email in HTML format, or you can get the newsletter in a plain text email.
2. Report on Supply Chain Compliance (RSCC)
The Report on Supply Chain Compliance is another newsletter by the corporate compliance website – managed by the Society of Corporate Compliance and Ethics.
The RSCC offers the latest news and compliance strategies on a worldwide level. The supply chain is a crucial part of most organizations and faces continuous risks from all fronts. Having a proper risk management program for your supply chain management is critical to company operations.
SCCE’s Report on Supply Chain Compliance opens you up to the global news on all things supply chain, including news on compliance tools, regulation enforcements, regulators, accreditation requirements, and changing supply chain management standards.
The newsletter also offers a wealth of information on things, such as:
- Regulation guidance for various industries.
- Third-party due diligence.
- Trade agreements and sanctions in different circumstances.
- Human trafficking, modern slavery, and other common problems.
The newsletter is entirely written by renowned journalists and compliance experts. Each story offers a window into valuable compliance tools and provides successful compliance advice.
When you subscribe to the yearly RSCC newsletter here, you get access to 22 issues that are published biweekly throughout the year. You also get access to all back issues if you want to go through old newsletters. Most importantly, you get 1.0 non-live continuing education unit (CEU) requirement for every RSCC issue you read; the points count towards getting certified by the Compliance Certification Board (CCB).
Ethikos is another newsletter by SCCE that focuses on the value of business ethics. It’s a long-running newsletter that started off by offering insight into ethical business practices. Today, it provides updates on changing trends and ethical compliance standards.
The newsletter has several featured articles that are written by ethics and compliance experts. Furthermore, it also features various case studies, interviews, and case reports of different companies, industries, and leaders who shape today’s corporate culture.
The Ethikos newsletter provides updates on all compliance news related to business ethics and best practices; however, other information you can find in the newsletter includes the following:
- Effectively communicating ethics to a dynamic audience.
- The right way to build a corporate culture while staying completely compliant.
- The way ethics and compliance officers interact with and manage ESG principles.
- Interviews with various leaders in business ethics and compliance.
The newsletter offers a breadcrumb approach to business ethics so that new readers can catch up effectively with a great user experience. Since all the content in the newsletter is written by ethics and compliance professionals, they also offer tips and information on various ethics and compliance-related issues.
If you’re a well-known industry professional, host webinars, and have proven experience in the field, you can also write for Ethikos. All you have to do is follow the privacy statement, rules for writing and be a member of SCCE.
You can subscribe to the yearly newsletter of Ethikos here; it’s available for both SCCE & HCCA members and non-members, albeit at slightly different prices.
Choosing the Right Compliance Newsletters to Subscribe to
The compliance field is constantly under change as new laws and regulations come into play while older regulations are adjusted to current standards. It can be hard to keep up, especially for entry-level compliance officers and small-sized companies.
Therefore, it’s crucial to keep up to date with all changes to manage the compliance standards of an organization. The best way to do so is to subscribe to several compliance newsletters that offer the most value.
The compliance newsletters listed above are extremely valuable for general compliance practices. That means they’re not restricted to any single industry but are important for compliance professionals in all industries.
However, you should also find and subscribe to compliance newsletters that are dedicated to providing updates on your specific industry only.