Articles | Compliance Week – Page 230
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SEC targets Musk for ‘misleading’ Tesla tweets
The Securities and Exchange Commission is suing Tesla for online comments made last month by founder Elon Musk about possibly taking the publicly traded company private, and is seeking to oust Musk as CEO.
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Petrobras to pay $853.2M in corruption case
Brazilian state-owned energy company Petrobras on Thursday reached a coordinated resolution with U.S. and Brazilian authorities, agreeing to pay a combined $853.2 million for playing a role in one of the largest political corruption investigations the world has ever seen.
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Hospital chain to pay more than $260M to resolve false billing, kickback allegations
Health Management Associates will pay more than $260 million to resolve criminal charges and civil claims relating to a scheme to defraud the United States.
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ArticleWhile supportive, tech companies haggle over federal privacy law
Well past the point of omens, it seems that a federal consumer privacy law is imminent. But what should that law be? How should it mimic GDPR requirements and those of states like California? The devil may be uploaded with the details.
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ArticleCompliance software provider directory
Compliance Week reached out to more than 60 providers it has partnered with in the past and asked them to share information about the software solutions they offer.
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Withdrawal of past guidance signals a contentious start to SEC’s proxy process review
Critics of proxy advisory firms are cheering the withdrawal of 2004 no-action letters that they say empowered and entrenched the firms.
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ArticleSurvey says you’re likely shopping for new compliance technology
Here’s what we know: You have a mandate to upgrade your compliance technology, at least some budget to do it, and sky-high expectations for improved operational efficiency and robust data reporting. At least that’s what the results of our compliance technology survey tell us. Are we close?
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ArticleHidden ownership in high-end real estate
Title: OCEG: Hidden ownershipThis latest installment of the Compliance Week/OCEG GRC Illustrated series explores how fraudsters are using high-end real estate to launder money.
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As FinTech support grows, can Congress keep from hitting the brakes?
As it so often is in the world of financial services, FinTech evangelists want rule streamlining and deregulation. Is that the right approach?
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FASB gives final word on how to account for cloud costs
Unraveling an accounting simplification, companies are returning to an older way to account for software costs associated with certain cloud computing arrangements.
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No easy answers for breaking up Big Four in U.K.
The last time the U.K.’s Competition and Markets Authority attempted to break up what is widely referred to as an oligopoly of the audit market by the Big Four audit firms—EY, PwC, Deloitte and KPMG—its actions had the opposite effect.
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Compliance measures for reducing export-corruption risk
A recent study from corruption watchdog Transparency International rates countries on their enforcement processes, or lack thereof, under the OECD Anti-Bribery Convention.
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Public sounds off to SEC on proposed whistleblower changes
As part of a public comment process that reached its deadline on Sept. 15, the SEC has collected ideas and opinions on proposed changes to its whistleblower program. We took a look at some of the responses.
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Danske Bank CEO quits over money laundering failures
The chief executive of Denmark’s biggest financial institution has resigned following the publication of a report that highlights large-scale money laundering in the bank’s Estonian operations.
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ArticleCounterpoint: Crowds need to wise up
Public Citizen’s Bartlett Naylor advises careful consideration of current crowdfunding rules before considering a cap raise.
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ArticlePoint: Benefits of crowdfunding
Attorney Douglas Ellenoff discusses why raising the crowdfunding cap boosts the fundraising method’s benefits.
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ArticleGuidance confirms diminished tax benefits for exec comp
While certain aspects of tax reform remain ambiguous, the provisions around the deductibility of executive compensation awards are becoming clearer.
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EU proposes new money laundering rules
The European Commission wants to strengthen supervision over banks and other financial institutions to toughen up its fight against money laundering and terrorist financing after admitting that present measures have “failed all too often.”
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English Court of Appeal preserves litigation privilege
An English Court of Appeal decision giving companies the right to protect documentation gathered during an internal investigation is a blow to both U.S. and U.K. regulators, who have grown increasingly concerned that firms may be hiding critical evidence under the guise of it being “privileged.”
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Shareholders seeking $10.6 billion from VW over emissions disclosure
Shareholders seeking damages worth €9.2 billion (U.S. $10.6 billion) have taken German car giant Volkswagen to court in Germany for failing to inform them fully of the financial impact that the emissions cheating scandal would have on the company’s share price.