US: NRA SHOT ITSELF IN FOOT WITH POOR COMPLIANCE COMMITMENT

On 11 August, Compliance Week reported that the New York Attorney General has accused the National Rifle Association of having a “culture of noncompliance” which allowed NRA Executive Vice President Wayne LaPierre and 3 other officers to steal $64 million from the organisation over 3 years. Meanwhile, the NRA in its countersuit says it operates in “substantial compliance”. It appears the NRA underwent a top-down internal review employing an outside law firm in late 2018 due to rumours of the impending investigation, which began in February 2019. The article notes that the NRA adopted an updated Statement of Corporate Ethics in January 2020, one that expanded on whistleblower protections, but the article suggests that the timing — 9 months after the official probe began — suggests the changes will be viewed as too little, too late.

https://www.complianceweek.com/opinion/nra-shot-itself-in-foot-with-poor-compliance-commitment/29295.article

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s