Appointment Blogs | Compliance Week – Page 125
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California rallies to resurrect, extend ‘cap-and-trade’
Despite a federal retreat from environmental regulations, a bipartisan coalition of California lawmakers has passed legislation that extends the state’s cap-and-trade program to 2030.
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Bipartisan support grows for better exam coordination
In a letter to Treasury Secretary Steven Mnuchin, a bipartisan collection of more than two dozen legislators is demanding streamlined, better coordinated bank oversight and examinations.
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State bankers unite against arbitration rule
State banking associations have joined the fight against the CFPB’s new rule that curtails the use of mandated arbitration. They are turning to Senators to kill the rule with the Congressional Review Act.
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Change in prosecutorial strategy in VW case?
The recent arrest of an italian citizen in Germany, a former VW employee, may mean the government intends to bring charges against lower-level employees in an attempt to get them to flip on senior employees who were involved in the fraud.
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Financial Conduct Authority fines compliance officer for pension transfer failings
The U.K. Financial Conduct Authority fined a compliance oversight officer £75,000 for failing to exercise due skill, care, and diligence concerning pension transfer failings.
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412 charged in record health care fraud ‘takedown’
A nationwide “takedown” by the Medicare Fraud Strike Force has resulted in charges against a record 412 healthcare professionals—the largest ever health care fraud enforcement action—for their alleged participation in health care fraud schemes involving approximately $1.3 billion in false billings.
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Do partners suffer bad inspection results? Not really, study says
New academic research suggests audit firms may be shielding low-performing partners from client scrutiny by remaining coy about PCAOB inspection results.
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DoJ seeks to recover $144M in Nigerian oil industry corruption case
The Department of Justice has filed a civil complaint seeking the forfeiture and recovery of approximately $144 million in assets obtained from corruption in the Nigerian oil industry.
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First step to end the Car Wash investigation?
The will to continue the fight against institutional corruption in Brazil may be waning. From the perspective of The Man From FCPA, it appears that it is the beginning of the end for the seismic change that has come over the country starting with Operation Car Wash.
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Once again, no judicial review of DPAs
While there will be no official review, a recent case where a federal district court approved a limited release of a Monitor’s report from the financial institution HSBC will have an impact on the court’s treatment of DPAs.
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SFO investigating Amec Foster Wheeler
The U.K. Serious Fraud Office confirmed that it has opened an investigation into the activities of London-based Amec Foster Wheeler for allegations of bribery, joining U.S. authorities in their bribery investigations into the energy services company.
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Waymark Tech AI tool identifies crossover between financial regulations
Waymark Technology, a provider of regulatory intelligence software headquartered in London, announced the launch of a new AI-powered tool that automatically identifies regulatory crossovers and conflicts between incoming EU regulations.
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Informatica launches data governance and compliance solution for GDPR
Informatica, an enterprise cloud data management provider, has announced the launch of Informatica Data Governance & Compliance for GDPR, the industry’s first governance solution designed specifically to support customers on their journey to GDPR compliance.
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Funding Circle names U.S. chief compliance officer
Funding Circle, a lending platform focused exclusively on small business, has appointed Richard Stephenson as U.S. chief compliance officer.
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Pitney Bowes names chief accounting officer
Pitney Bowes, a global technology company, announced that Steven Green, vice president, finance and chief accounting officer, is retiring, effective Aug. 4. Taking his place, Joseph Catapano has been named vice president, chief accounting officer.
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CFTC opens public review of swaps data reporting
The CFTC has announced it is seeking public comments as it embarks on a comprehensive review of swaps data reporting requirements.
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University of California names chief compliance officer
The University of California Board of Regents has appointed Alexander Bustamante as senior vice president and chief compliance and audit officer at UC’s Office of the President, effective Sept. 5.
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Samsung, DMX, and Pakistan's PM
In case you missed it this week: Samsung heir Lee Jae Yong decided against testifying, DMX is relevant again, a MS Word font outed a forgery by Pakistan’s prime minister, and more.
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SEC’s Clayton outlines his agenda as chairman
In his first public speech as chairman, Jay Clayton outlined his priorities for the SEC. Among the topics he will focus on, cyber-security, capital formation, and assessing the compliance costs of rulemaking.