Quick! Name one hundred things your chief compliance officer needs to be mindful of. Did you name currency trades? Oil and gas drilling? Disposal of industrial waste? Fair employment laws? Foreign corrupt practices? Consumer lending? And, water? Forgot about that last one? Apparently, so did compliance officials in Flint, Michigan. The long-term water contamination crisis that was finally acknowledged by government officials last fall underscores the fact that regulatory compliance is not just the purview of private industry. And, regulatory failures don’t just cause financial damage—they can also cause environmental and health catastrophes.