Appointment Blogs | Compliance Week – Page 49

  • Blog

    Criminal charges unsealed in Panama Papers leak

    2018-12-05T14:00:00Z

    U.S. prosecutors this week unsealed an indictment revealing criminal charges brought against four individuals for their alleged roles in a decades-long criminal scheme perpetrated by Panama-headquartered law firm Mossack Fonseca and related entities, the first charges brought in the United States connected to the Panama Papers leak.

  • Blog

    IIA reviews ‘three lines’ model, plans new paper

    2018-12-05T11:00:00Z

    The Institute of Internal Auditors is performing a new review of the “three lines of defense” model it has long embraced as a basis for sound risk management.

  • Blog

    Metlife appoints chief accounting officer

    2018-12-05T09:00:00Z

    Financial services company MetLife has named Tamara Schock as chief accounting officer, effective March 4, 2019. Schock will succeed Bill O’Donnell, who has been named MetLife’s U.S. chief financial officer.

  • Blog

    Lease accounting adoption taps corporate resources

    2018-12-04T13:45:00Z

    The year-end push to adopt new lease accounting is taking more time and more money than companies expected, according to a new poll by EY.

  • Blog

    CHS self-reports FCPA investigation

    2018-12-04T13:00:00Z

    Farm supplies company CHS disclosed in a Dec. 3 securities filing that it has self-reported to the Department of Justice and Securities and Exchange Commission potential violations of the Foreign Corrupt Practices Act.

  • Blog

    Report assesses key risks, compliance challenges for banks

    2018-12-04T11:45:00Z

    The OCC has released its “Semiannual Risk Perspective,” a look at the operational, compliance, and interest rate risks likely to present themselves as top banking concerns. The report also offers risk mitigation strategies.

  • Blog

    OCC discounts fees it charges banks for supervision

    2018-12-04T10:45:00Z

    The OCC will reduce assessments on the banks it oversees for 2019. The change—which takes effect with the March 31, 2019, assessment—will reduce its General Assessment Fee Schedule by 10 percent.

  • Blog

    EY plans succession as global chairman, CEO resigns

    2018-12-04T10:30:00Z

    EY says it will name a new global chairman and CEO in January to replace Mark Weinberger, who plans to step down July 1, 2019.

  • Blog

    Big Four split on solutions to industry’s problems

    2018-12-03T16:30:00Z

    Deloitte and KPMG have gone further than EY and PwC in their comments to the current CMA review of the industry, but it seems unlikely the members of the Big Four won't get on the same page.

  • Blog

    Former Autonomy execs face fraud charges in HP deal

    2018-12-03T14:00:00Z

    A federal grand jury has delivered indictments against former Autonomy executives in connection with HP’s failed acquisition of the U.K. technology business.

  • Blog

    MTS reserves $849M in FCPA case

    2018-12-03T13:45:00Z

    Russian telecommunications company MTS has set aside 55.8 billion rubles (U.S. $849 million) to resolve a U.S. investigation concerning potential violations of the U.S. Foreign Corrupt Practices Act.

  • Blog

    Deutsche Bank offers more details on Panama Papers raid

    2018-12-03T12:30:00Z

    Deutsche Bank has provided more details on a two-day raid, in which German prosecutors searched several Deutsche Bank offices, in connection with the Panama Papers. The case also imparts some important compliance lessons.

  • Blog

    A look at the Justice Department’s new ‘China Initiative’

    2018-12-03T11:45:00Z

    The Department of Justice on Nov. 1 announced the creation of a new “China Initiative,” aiming to identify priority Chinese trade theft cases and bring them to an appropriate conclusion quickly and effectively and making the global enforcement landscape all the more challenging for multinational companies.

  • Blog

    Marriott breach could affect 500,000 customers

    2018-11-30T14:15:00Z

    A breach of the Marriott hotel chain’s guest reservation database may have compromised the personal information of upwards of 500,000 customers. The reveal follows an unrelated breach that affected members of Dunkin’ Donuts loyalty card program.

  • Blog

    Amazon pushes back on SEC revenue disclosure comment

    2018-11-29T16:30:00Z

    The SEC is getting some pushback from Amazon over how it breaks up and reports revenue for its different streams under ASC 606.

  • Blog

    Bitcoin ‘addresses’ added to sanctions screening

    2018-11-29T13:45:00Z

    For the first time, the Treasury Department has added digital currency identifiers on its sanctions blacklist. It has also drafted new guidance on how those transactions should be identified and reported.

  • Blog

    Fenergo creates CLM solutions app for Salesforce

    2018-11-28T16:15:00Z

    Client Lifecycle Management (CLM) solutions provider Fenergo announced the creation of an app for financial institutions that deploy Salesforce.

  • Blog

    Refinitiv, Binance team to address cryptocurrency risk

    2018-11-28T15:30:00Z

    Financial data provider Refinitiv announced the provision of an automated Know Your Customer (KYC) application to cryptocurrency exchange Binance.

  • Blog

    Senate Dems serve up scathing rebuke of Mulvaney-led CFPB

    2018-11-28T12:45:00Z

    A new report, released by Democrats on the Senate Banking Committee, details how they think Acting Director Mick Mulvaney “has undermined the Consumer Financial Protection Bureau’s mission to enforce consumer protections.”

  • Blog

    Vantage Drilling pays $5M, closes FCPA case with SEC

    2018-11-28T12:15:00Z

    Offshore drilling contractor Vantage Drilling International has concluded a settlement agreement with the Securities and Exchange Commission, in which it has agreed to pay $5 million to resolve a previously disclosed investigation into potential violations of the internal accounting control provisions of the U.S. Foreign Corrupt Practices Act.