Articles | Compliance Week – Page 192
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Deutsche Bank to pay $16M in FCPA case over hiring practices
Deutsche Bank has become the latest financial institution to pay a penalty for violations of the Foreign Corrupt Practices Act over questionable hiring practices, showcasing a litany of compliance failures.
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Kudos to Business Roundtable for advancing ‘purpose of a corporation’
While some mock the true intent of the Business Roundtable’s newly revised “Statement on the Purpose of a Corporation,” others are lauding the fact that it brings social responsibility into the limelight.
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Okera launches policy builder
Data management firm Okera announced the Okera Policy Builder, a new feature designed to enable users to create and manage FGAC policies.
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FASB plans delay for new insurance standard
FASB is proposing another accounting delay, this time for a standard that will change the way companies recognize long-term insurance obligations.
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Is whistleblowing working? New claims raise questions
Sweeping, open allegations of fraud against major public companies raise fresh questions about the effectiveness of regulatory whistleblower programs.
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American Airlines to pay $22.1M over falsified mail delivery allegations
American Airlines has agreed to pay $22.1 million to resolve allegations of violations of the False Claims Act regarding the reporting of international delivery times.
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TherapeuticsMD to pay $200K for Reg FD violations
Pharmaceutical company TherapeuticsMD agreed to pay a $200,000 penalty to resolve charges brought by the SEC for Reg FD violations. The case imparts some compliance lessons.
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GRP adds risk management specialist H&S Click
U.K.-based insurance intermediary Global Risk Partners announced the acquisition of risk management specialist H&S Click.
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CyberRisk Alliance acquires peer group Cybersecurity Collaborative
CyberRisk Alliance announced the acquisition of peer council platform Cybersecurity Collaborative.
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DOJ closes FCPA probe into Misonix
The DOJ has now closed its investigation into medical device company Misonix—about a month after the SEC closed its probe—without bringing enforcement actions. The FCPA investigation still resulted in some extensive anti-corruption compliance reforms.
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European Data Protection Supervisor head Giovanni Buttarelli passes away
European Data Protection Supervisor Giovanni Buttarelli has passed away, his office announced in a statement Wednesday. He was 62.
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Cathay Pacific execs quit due to Hong Kong protests
Amid pressure from Chinese authorities after initially not penalizing employees for taking part in the Hong Kong pro-democracy protests, two top Cathay Pacific executives have tendered their resignations.
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Sealed Air dumps EY & hires PwC, as SEC investigates
Under investigation over how it appointed EY, Sealed Air cut ties with its auditor and appointed PwC after clearing independence concerns.
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In Brexit gambit, U.K. signs legislation to ban EU laws
The repeal of the European Communities Act provides a “clear signal” that the U.K. government intends to leave the European Union without extending the Brexit deadline—with or without a deal.
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ICO investigating facial recognition technology in key London district
Concerns abound over whether or not using facial recognition technology violates consumer privacy.
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Vectra expands to Asia-Pacific region
Cyber-security firm Vectra announced it has expanded business operations to the Asia-Pacific region with a new regional headquarters in Sydney.
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Alexa isn’t sure if she cares about my privacy (and neither am I)
I lose no sleep over how much of my data privacy I potentially sacrifice in my daily life, and neither do most of us—deep down.
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Cantor Fitzgerald, BMO Capital to pay $4.5M for mishandling ADRs
Brokers Cantor Fitzgerald and BMO Capital Markets will combine to pay more than $4.5 million to settle charges of improper handling of “pre-released” American Depositary Receipts.
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Avianca discloses internal FCPA investigation
Avianca Holdings disclosed in a securities filing that it is investigating possible violations of the U.S. Foreign Corrupt Practices Act concerning free and discounted airline tickets and upgrades given to government officials in certain countries.
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TrustArc adds data inventory to privacy platform
Data privacy management firm TrustArc announced the addition of Data Inventory Hub to the TrustArc Platform.