Appointment Blogs | Compliance Week – Page 275
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European Commission Probes Antitrust Breaches in Bulgaria, Spain, Belgium
Image: Title: VestagerThe European Commission handed down a preliminary decision that a Bulgarian state-owned energy concern was breaching antitrust rules by blocking access to the gas supply infrastructure. It is also investigating breaches in Spain and Belgium. Margrethe Vestager, the commissioner in charge of competition policy, said: “We need to ...
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Internal Audit Wrestles With Pace of Change, Survey Suggests
A PwC poll suggests internal audit still struggles to keep up with the rapid pace of change in the business environment. Nearly 70 percent of organizations said they are going through or have recently gone through a significant transformation in the business, yet only 11 percent of chief audit executives ...
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Congress Grills SEC on Budget Request
Image: SEC Chair Mary Jo White was in the hot seat Tuesday during during a hearing before the House Committee on Financial Services. Republicans scrutinized her $1.7 billion budget request, while Democrats blasted the Commission’s “bad actor” waiver process and a decision not to require political spending disclosures.
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The Strains Emerge on Revenue Standard Convergence
Here we are with a converged standard for revenue recognition, a profound achievement for financial reporting. Now comes the hard part, Compliance Week columnist Scott Taub writes. Already we see some differences in how to interpret the standard in the United States and overseas, he writes, and we’ll need some ...
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Realogy Names ERM Boss, Accounting Chief
Realogy Holdings, a residential real estate franchising and brokerage firm, has promoted Dea Benson to the newly created position of senior vice president of enterprise risk management. Additionally, Tim Gustavson has been promoted to succeed Benson as chief accounting officer and controller. Both will report directly to Anthony Hull, chief ...
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HomeTrust Bancshares Names Chief Risk Officer
HomeTrust Bancshares, the holding company for HomeTrust Bank, has appointed R. Parrish Little as chief risk officer. Little will lead enterprise risk management for the company.
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Aguilar: SEC Must Extend Its Global Reach
SEC Commissioner Luis Aguilar, an outspoken proponent of stronger agency oversight, says the regulator must do more to extend its global reach. In a recent speech, Aguilar framed the SEC’s imperative simply: “As companies increasingly have foreign operations, the SEC will need to address how best to extend its supervisory ...
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Bilfinger Probe Uncovers Bribery Related to World Cup
German-based engineering company Bilfinger said that an internal investigation has uncovered potential bribery payments made to government officials in Brazil for contracts related to the 2014 World Cup. After launching an internal investigation into the allegations last year, “suspicions have now been substantiated,” Bilfinger said. Details inside.
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Fenergo Enhancements Help Banks Maximize Regulatory Processes
Ireland-based Fenergo, a provider of client lifecycle management software solutions for investment banks and capital market firms, has launched its enhanced Regulatory Rules Engine to help financial institutions maximize control over regulatory and operational decisions and processes. Details inside.
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Knowledge Vault Unveils Compliance Objectives for Office 365
To help organizations meet their compliance reporting needs, Knowledge Vault this week announced the addition of several compliance reports on data access, security modifications, logon behaviors and other activities. Knowledge Vault provides deep visibility, automated delivery, and easy-to-view pre-configured reports that provide a unique, detailed view of the changes and ...
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BNY Mellon Settles FX Charges, Will Pay $714 Million
Bank of New York Mellon has agreed to pay $714 million in a series of settlements related to accusations it fraudulently overcharged clients on foreign exchange currency transactions. The settlements stem from long-running lawsuits by Manhattan U.S. Attorney Preet Bharara and New York’s Attorney General.
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Jury Returns Mixed Verdict in Willie Gault Case, Part II: 'Negligent Fraud'
Yesterday I wrote here about the jury verdict reached this week in the SEC's trial against former Chicago Bears wide receiver Willie Gault. I wrote that "the jury found that Gault was not liable on any of the four fraud-related charges against him, but that he was liable on three ...
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OECD: Greece Must Focus More on Foreign Bribery
The risk of Greek companies bribing foreign officials is substantial, and yet Greece has not given the same priority to fighting foreign bribery as it has to domestic corruption, according to the Organization for Economic Cooperation and Development's Phase 3bis Report on Greece." The repor examines issues that the Working ...
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CFPB Goes Public With Complaint Database Narratives
If you were already alarmed by the reputational headaches and compliance challenges inherent in the Consumer Financial Protection Bureau’s complaint database, there is now even more to worry about. The Bureau is making the narratives behind those complaints public.
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YRC Worldwide Names General Counsel and Secretary
YRC Worldwide has named James Fry as general counsel and secretary for YRC Worldwide, effective April 20.
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Swiss AG Freezes $400 Million in Petrobras-Related Assets
The Office of the Attorney General of Switzerland (OAG) is currently conducting nine investigations in the Petrobras case and has issued an order freezing USD$400 million in assets deposited in Switzerland in connection with the
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Brainloop’s ITAR-Compliant Cloud Solution Now Available for SMBs
Brainloop, a provider of SaaS technology for the secure storage, collaboration, and exchange of confidential documents and files, announced that the ITAR-compliant Brainloop Secure Dataroom is now available for small to medium sized organizations.
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Adams Resources Adds Two Board Members
Adams Resources & Energy has increased its board of directors to seven positions with the appointments of Michelle Earley and Murray Brasseux, effective March 17. These appointments increase the board's independent director positions from the current three to five positions.
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BrandProtect Enters Into Reselling Agreement With Sayers
BrandProtect this week announced a reseller agreement with IT and security solutions consulting firm Sayers. Details inside.
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Former CIA Inspector General Joins KPMG
Audit, tax and advisory firm KPMG has appointed David Buckley, former Inspector General for the Central Intelligence Agency (CIA), as a managing director in its Forensic Advisory Services.