Articles | Compliance Week – Page 187
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ArticlePCAOB sanctions Deloitte, BDO affiliates
The PCAOB, recently under fire for its lack of enforcement, has imposed sanctions on Deloitte Korea and BDO Mexico for altering audit documentation in anticipation of inspections.
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ArticleUnaoil execs plead guilty for roles in global bribery scheme
The former CEO and chief operations officer of Monaco-based Unaoil have pleaded guilty for their roles in a scheme to corruptly facilitate millions of dollars in bribe payments to officials in multiple countries.
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ArticleDOJ recovers $700M in 1MDB scandal
Jho Low, a Malaysian businessman-turned-fugitive, has agreed to forfeit more than $700 million worth of assets that he and his family allegedly misappropriated from Malaysian’s sovereign-wealth fund, 1MDB.
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Tripwire, HITRUST partner on compliance standards
Tripwire has partnered with HITRUST to help healthcare organizations achieve compliance with the HITRUST Common Security Framework and maintain a robust cyber-security posture.
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New NICE Actimize offering aimed at fighting fraud
NICE Actimize has introduced its Federated Learning capability designed to provide financial services organizations with higher fraud detection rates.
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FortifyData, InterDev partner on cyber risk
FortifyData and InterDev announced a partnership that will allow InterDev to offer its customers FortifyData’s cyber-risk management platform as part of their managed security services.
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ArticleMattel ousts CFO after accounting probe reveals weaknesses
Following an investigation spurred by a whistleblower letter, Mattel announced it has uncovered material weaknesses in its internal controls over financial reporting and is now working to remediate the issues.
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World Bank Group debars MTZ Equipment for fraud
The World Bank has imposed a 30-month debarment on Canada-based MTZ Equipment for fraudulent practices connected to Afghanistan’s On-Farm Water Management Project.
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ArticleBig Four stranglehold on U.K. audit market widens
The Big Four’s dominance of the U.K. audit market has grown even further in the past year, according to the Financial Reporting Council’s latest report.
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TruClarity Wealth Advisors names chief compliance officer
TruClarity Wealth Advisors, an SEC-registered investment adviser launched in September 2019, has named Catherine Mustico as chief compliance officer.
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UCSF names chief ethics and compliance officer
The University of California San Francisco has named Brian Smith as chief ethics and compliance officer, a role he has held in an interim capacity since November 2017.
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ArticleSurvey: Consumers OK with retail privacy quid pro quo
Nearly three-fourths of respondents in a recent retail privacy survey said they are willing to share personal data in exchange for better pricing, special discounts, or exclusive offers.
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ArticleData protection compliance lessons from UniCredit breach
UniCredit announced its cyber-security team has identified a data breach that compromised the personal records of approximately three million clients in Italy, highlighting critical compliance lessons for those in the financial services industry.
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ArticleEY accused in U.K. gold-laundering scheme
Big Four audit firm EY has been accused of covering up evidence of smuggling by an organized crime gang that was laundering British drug money through gold dealings, according to an investigation by the BBC.
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ArticleGoogle facing privacy lawsuit from Australian regulator
Australia’s competition regulator has filed a lawsuit against Google for alleged misrepresentations regarding user data collected in relation to location services on Android devices.
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Proofpoint, Hootsuite partner on compliance verification
Proofpoint and Hootsuite announced a partnership to allow real-time compliance verification on Hootsuite’s social media platform.
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ArticleMastercard encourages unity with data privacy initiative
Mastercard is inviting other companies to join it in addressing individuals’ privacy rights with the launch of its Data Responsibility Imperative.
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Despite reputation, CFPB not toothless under new leadership
Mounting criticism for going too soft on the financial services industry under Trump has not stopped new CFPB Director Kathleen Kraninger from putting her own stamp on the agency. The latest enforcement actions offer valuable insights for compliance officers and corporate counsel.
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ArticleThird Brexit delay approved: What’s next?
The countdown clock for the United Kingdom’s exit from the European Union has been reset to January 2020, giving PM Boris Johnson a set of new options to pursue in order to facilitate a deal.
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ArticleKey U.S. regulators join global financial network
The SEC, CFTC, FDIC, and OCC have joined a group of 50 financial authorities from around the world that comprise the Global Financial Innovation Network.