Appointment Blogs | Compliance Week – Page 51
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BlackBerry to acquire cyber-security firm Cylance for $1.4B
Mobile company BlackBerry has entered into agreement to acquire artificial intelligence and cyber-security firm Cylance for $1.4 billion. The deal is expected to close prior to February 2019.
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A top concern for banks: How will regulators tackle AI?
The cutting-edge question asked by Federal Reserve Governor Lael Brainard at a recent conference: “What are we learning about artificial intelligence in financial services?” She answered with a look at the regulatory landscape.
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Nissan Chairman Carlos Ghosn arrested for financial misconduct
Japanese automaker Nissan has dismissed Carlos Ghosn from his chairman role, following his arrest by prosecutors in Japan for engaging in financial misconduct.
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SWIFT solution combats fraudulent payments
SWIFT, a secure financial messaging service, announced the introduction of Payment Controls, an in-network solution to combat fraudulent payments and help strengthen customers’ existing security.
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DPOrganizer tool aids GDPR compliance
Swedish data privacy company DPOrganizer announced the addition of a new tool to its privacy management software. The Incident Manager enables businesses to act in accordance with GDPR, reducing the risk of financial and reputational loss.
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TrustArc adds automated risk management to privacy platform
Data privacy management company TrustArc announced the addition of Intelligence Engine to its privacy platform. The automated program is designed to enable organizations to save up to 75 percent of the time it takes to identify, analyze, and prioritize privacy risks.
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FEI group provides guides on leases, CECL controls
FEI’s corporate reporting group has developed its own guides for preparers on how to assure sound controls with major new accounting adoptions.
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Accellion CISO Dashboard provides visible, traceable record of sensitive content
Accellion, a secure file-sharing and governance platform provider, today announced the general availability of its CISO Dashboard. With the CISO Dashboard, IT security and compliance executives have for the first time ever a visual and traceable record of every piece of sensitive content—in or outside of the organization.
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SFO joint head of fraud: ‘Engage now or hide behind smoke and mirrors at your peril’
Hannah von Dadelszen, the U.K. Serious Fraud Office’s joint head of fraud, in recent remarks offered some useful insight as to how a company should engage with the SFO if it chooses to self-report misconduct.
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JetBlue appoints general counsel and corporate secretary
JetBlue has appointed Brandon Nelson as general counsel and corporate secretary. Nelson will lead JetBlue’s legal, ethics and compliance, cyber-security, and environmental, social and governance efforts.
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SEC staff plans to scrutinize year-end revenue disclosures
As companies get closer to their first annual disclosures under new revenue recognition rules, staff members at the SEC are stocking up on red pens.
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Lease accounting adoption still behind, PwC poll says
More than 15 percent of public companies surveyed in late October had not yet begun implementing the new lease accounting standard that takes effect Jan. 1.
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U.K. money laundering task force launched; watch out McMafia!
A new U.K. initiative aims to enhance processes for catching fraudsters and financial service abusers while educating industry and government agencies on how to identify and prevent economic crime.
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SEC wants more Brexit disclosure, Clayton says
As turmoil over the British exit from the European Union deepens, the Securities and Exchange Commission is looking for public companies to start disclosing more about how they’ll be affected.
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Hotshot announces Technoport partnership
Mobile messaging security company Hotshot has partnered with the Government of Luxembourg for acceptance into the Technoport business incubation program.
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SEC, FASB members offer no hopes for CECL delay
Amid calls for a delay or changes to CECL, the SEC's chief accountant is defending the rulemaking process under FASB and its independence.
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Compliance.ai launches financial regulation workflow solution
RegTech company Compliance.ai announced the launch of a solution designed to help chief compliance officers manage the growing volume of financial regulatory changes.
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Despite calls to delay CECL, FASB plans amendments
FASB has decided to follow the advice of an advisory group and make some changes to CECL to address implementation issues.
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UBS faces civil complaint for fraud in the sale of residential mortgage-backed securities
The Department of Justice announced that a civil complaint has been filed against UBS and several of its U.S. affiliates, alleging that UBS defrauded investors throughout the United States and the world in connection with its sale of residential mortgage-backed securities from 2006 through 2007.
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Commissioner Peirce: the meaningless of enforcement numbers and penalty amounts
The SEC’s Enforcement Division issued its annual report this month, highlighting the Division’s activities in fiscal year 2018 from both a qualitative and quantitative perspective. Focusing on enforcement numbers and penalty amounts alone is meaningless, SEC Commissioner Hester Peirce said in recent remarks.