Articles | Compliance Week – Page 257

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‘Lone wolf’ terror attacks pose a challenge for financial detectives

2017-09-12T09:30:00Z

Following 9/11, laws and compliance rules were leveraged to “follow the money” and disrupt terror plots. But can those efforts intercept “lone wolf” attacks?

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Court deals setback to prosecutors in cross-border cases

2017-09-12T09:15:00Z

In an age of increasing cross-border investigations, especially concerning FCPA violations, the use of compelled testimony, even when legally obtained, can derail a U.S. prosecution.

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Everybody owns compliance

2017-09-06T15:00:00Z

You don’t have to be an explosives technician or a Presidential bodyguard to be a great compliance, risk, and ethics officer, but it sure does help. Just ask Darin Goodwiler of the CFA Institute.

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FOR: Neither admit nor deny

2017-09-06T12:15:00Z

Allowing firms to enter into consent judgments without having to admit material facts or liability prevents excessive disruption of the regulatory/enforcement framework. Read more from Paul Weiss litigators Brad Karp and Susanna Buergel.

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AGAINST: Neither admit nor deny

2017-09-06T12:00:00Z

Allowing defendants to settle cases without admitting or denying guilt deprives the public of transparency and accountability. The Honorable Judge Jed Rakoff for the United States District Court explores below.

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FASB’s new hedging standard opens door to new strategies

2017-09-06T11:30:00Z

Companies have yet another new accounting standard from the Financial Accounting Standards Board to adopt, but this time they can’t wait to get started.

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MiFID II is on the way and U.S. firms should pay close attention

2017-09-06T10:15:00Z

As the slate of EU financial regulations known as MiFID II goes into effect in January, U.S. firms may be rudely awakened by new transparency demands, real-time reporting requirements, and “research unbundling” rules.

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Corporate philanthropy at its finest

2017-09-06T10:15:00Z

In the wake of Hurricane Harvey, many of the companies we might normally cover concerning compliance and risk issues made headlines for far better reasons: their generosity.

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Federal Reserve rethinks oversight by bank boards

2017-09-06T10:00:00Z

A Federal Reserve proposal seeks to streamline the expectations placed upon bank directors. Will it help ease their burden, or create a confusing new regime?

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Is it impossible to operate cleanly in some countries?

2017-09-06T09:30:00Z

Corruption may be seen as being “endemic” in some regions, but that cuts no ice with prosecutors in the United Kingdom. To them, a bribe is still a bribe.

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FRC consults on strategic report

2017-09-06T09:30:00Z

The FRC has proposed amendments to strategic reporting guidance in the hopes that companies will expand their range of non-financial reporting to give stakeholders a better understand of companies’ decision making and corporate strategies.

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Distilling lessons from the uptick in FCPA declinations

2017-09-06T08:45:00Z

As the number of FCPA declinations is up, all indicators point to a general desire on the part of the DoJ and SEC to clear out old cases and re-evaluate which ones to pursue.

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The law is taking a bite out of the Gig Economy

2017-08-29T14:15:00Z

A spate of recent court decisions underscores the ongoing erosion of the Gig Economy’s model of independent contractors free from benefits, protections, or obligations.

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A step-by-step guide to getting a money transmitter license in California

2017-08-29T14:00:00Z

Money transmitters must be licensed in virtually every state in the U.S. Here is a handy checklist to ensure you are in compliance with California’s licensing requirements.

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Good controls are good business

2017-08-29T13:45:00Z

A recent SEC case highlights five key ways in which strict compliance procedures still pay off for brokerage firms when it comes to detecting and preventing fraud.

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Pushback rises on disclosure of auditor, audit committee talks

2017-08-29T12:45:00Z

Despite calls for transparency around the interaction between audit committees and auditors, angst runs deep about giving investors visibility into that dialogue.

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Operation Choke Point finally suffocated by Justice Department

2017-08-29T11:15:00Z

A controversial government initiative that pushed banks to de-risk themselves from a variety of legal business is now a thing of the past. Or is it?

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When bad behavior builds profitability

2017-08-29T10:30:00Z

Yes, big companies often get away with murder and see profitability roll in as scandals recede. That doesn’t mean ethics and compliance efforts are any less important.

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3M’s John Ostergren on supply chain, third-party risk management

2017-08-29T10:00:00Z

Smart companies understand which risks to take on in the interest of growth and which ones must be shunned, says John Ostergren, director of environment, health and safety at 3M.

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Banks wrangle models, data in early stages of CECL prep

2017-08-22T17:15:00Z

As most public companies deal with revenue recognition and lease accounting changes coming in 2018 and 2019, the banking sector is trying to tame an even bigger beast.