Articles | Compliance Week – Page 251
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New U.K. recall regulator for ‘white goods’
The U.K. government has set up a new national body to tackle the recall of dangerously faulty white goods and electrical items following evidence that manufacturers are slow to carry out the process and local authorities are disinclined to oversee it.
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Due diligence best practices for corporate sponsors
With the Olympics underway, now is a good time for compliance officers to review how they ensure their corporate spokespeople and their own codes of conduct are in sync.
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The evolving role of the financial function in India
A combination of new laws in India to address corruption and other risks is drastically changing how financial services firms operate—especially in regard to accounting—within the country.
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Financial firms collaborate to defend against cyber-threats
Several financial institutions are voluntarily banding together to strengthen their cyber-security defenses and provide additional protections for consumer account information.
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Data quality is the fuel that makes AI run
For compliance officers looking to harness the power of machine learning and artificial intelligence into their programs, they first must make sure they are working with good data.
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Big money fines emphasize focus on AML compliance
Speculation that anti-money laundering fines might shrink in the current political climate were proven very wrong in recent days.
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Cyber-security attestations now required for leadership at NY’s financial firms
Tough new cyber-security regulations, crafted in New York, require board members and senior officials to not just talk the talk.
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ArticleNew rules accelerate recognition of unredeemed gift cards
Gift card issuers have a new post-holiday-season hangover issue to address this year as they adapt to new accounting rules on how to recognize gift card revenue.
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SFO charges Barclays a second time over fraudulent $3B Qatar loan
Barclays will face charges of unlawful financial assistance in relation to an illegal transaction during the height of the financial crisis to keep the bank from failing.
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China amends, clarifies law addressing commercial bribery
For the first time in two decades, Chinese regulators have amended the Anti-Unfair Competition Law, giving companies more clarity on what constitutes commercial bribery.
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European Commission fines Qualcomm €997M for Apple deal
What was supposed to be a sweetheart deal with Apple for supplying smartphone microchips has turned into a major enforcement action for Qualcomm.
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SEC considers amending auditor independence rules
Has it become unrealistic for some companies to engage truly independent auditors? Exploring that possibility, the SEC may amend its independence rules.
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Keeping your harassment policies fresh and inspiring
In any industry, having policies and procedures that address sexual harassment is a good start, but more telling will be how the code is enforced in the weeks and months to come.
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Companies twist and abuse non-disclosure agreements
Companies that use NDAs, traditionally intended to protect intellectual property and trade secrets, as a form of “pretaliation” are courting danger.
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How much disruption can shareholder activists cause?
The rising trend toward shareholder activism has incited boards of directors to seek defensive measures, but do shareholders pose that much of a threat?
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ArticleUber breach sheds light on how companies use ‘bug hunters’
As a cyber-security tool, companies are turning to outsiders to hunt down software and security flaws. The concern is that bug bounties may become excessive or reward illegal activity.
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FDIC recordkeeping rule poses a big bank data challenge
To get a better grip on resolution planning, the FDIC wants banks to do a better job keeping track of deposit data.
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Lax AML controls plague Mexico's financial services sector
Politically exposed persons, beneficial ownership, and suspicious transactions all continue to bedevil Mexican banking efforts to combat money laundering and terrorism financing.
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ArticleMy Compliance Library: Latest books show the way to better ethical decision making
Workplace pressures can challenge even the most ethically stalwart, so how can we better frame tough ethical dilemmas and better see when we’re compromising our own values?
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Carillion: compliance without complying
The Carillion collapse illustrates once again that compliance with the U.K. corporate governance code does nothing to prevent bad actors from making bad decisions.