All Compliance Week articles in Web Issue – Page 1082
-
BlogOFAC takes action against ‘vast network’ of ‘Specially Designated Global Terrorists’
The U.S. Department of Treasury’s Office of Foreign Assets Control on Oct. 16 took action against a vast network of Iranian entities for providing financial support to the Basij Resistance Force, a paramilitary force that recruits, trains, and deploys child soldiers.
-
BlogAnti-Slavery Day: complying with human rights law
In honor of Anti-Slavery Day (October 18), companies may want to familiarize themselves with a recent guide from the IEMA on complying with environmental and human rights laws.
-
Blog
Mashreq responds to NYDFS consent order
Mashreqbank has issued a statement in response to its consent order reached with the New York State Department of Financial Services on Oct 18 for violations of U.S. Bank Secrecy Act and Anti-Money Laundering laws in the New York branch’s U.S. dollar clearing operations.
-
Blog
Ex-KPMG leader pleads guilty in inspection leak case
A former KPMG leader has pled guilty to four counts of fraud and conspiracy in connection with an operation to subvert the regulatory inspection process.
-
Blog
BDO survey: Boards strive to keep pace with digital transformation
Digital transformation initiatives are making their way to the top of boardroom agendas, according to findings from a new cyber-governance survey.
-
Blog
Artivest appoints chief compliance officer
Artivest, a provider of premier alternative funds and technology solutions, has named Kamal Jafarnia as general counsel and chief compliance officer.
-
Blog
Celsius Network names chief compliance officer
Celsius Network, a blockchain-based Fintech startup, has named Ann LaCarrubba as general counsel and chief compliance officer.
-
Blog
Banks appeal to Treasury to intervene on CECL
Banks are asking Treasury to intervene on CECL and delay it, worried implementation will threaten financial stability in a future recession.
-
Blog
OECD to Mexico: Increase foreign bribery enforcement
Mexico needs to give more priority to foreign bribery enforcement, according to the Organization for Economic Cooperation and Development in its Phase 4 evaluation of Mexico’s implementation of the Convention on Combating Bribery of Foreign Public Officials in International Business Transactions and related instruments.
-
Article
Add hedging to year-end accounting change to-do list
The accounting may be simpler under a new standard on hedging, but that doesn’t mean the transition is any simpler than for any other accounting change.
-
Blog
Morrisons loses data breach appeal
The U.K. Court of Appeals recently shot down an appeal by supermarket chain Morrisons to overturn an earlier judgment denouncing it as liable for a data breach instigated by a disgruntled former employee. A march to the Supreme Court is next.
-
ArticleA wake-up call in cyber supply-chain risk
Recent reports of a massive cyber-supply chain attack by Chinese spies on several U.S. companies’ servers have companies stressing about their own supply chain vulnerabilities.
-
Blog
BioScrip appoints chief accounting officer
BioScrip, the largest independent national provider of infusion and home care management solutions, has appointed John McMahon as vice president, controller and chief accounting officer.
-
Blog
Survey: Financial firms looking for communications risks all wrong
A new survey finds that compliance professionals in the financial services industry are not keeping pace with their retention and supervision efforts, particularly as a growing, younger workforce relies on expanding, mobile-friendly channels, such as social media and text messaging.
-
Blog
Capital One pays $100M for AML compliance deficiencies
The Office of the Comptroller of the Currency has assessed a $100 million civil money penalty against Capital One and Capital One Bank for deficiencies in the financial concern’s Bank Secrecy Act/Anti-Money Laundering program.
-
Blog
Former BHP chief compliance officer rejoins Mayer Brown
Audrey Harris, former chief compliance officer for global resources company BHP, has rejoined law firm Mayer Brown in Washington D.C. as a partner and co-leader of its global Anti-Corruption and FCPA practice.
-
Blog
No-deal Brexit contingency plans don’t look pretty
There’s a lot more at stake for the United Kingdom than just interrupted Netflix access should a no-deal Brexit become a reality.
-
Blog
Apple CEO pushes for U.S.-style GDPR, bashes those who ‘put profits over privacy’
Apple CEO Tim Cook voiced his support for the EU’s General Data Protection Regulation and advocated for a similar U.S. mandate based on four “essential rights.”
-
Blog
Big changes in store for goodwill testing, report says
Big changes in tax and accounting rules should produce big changes in goodwill impairment testing this year, according to a new report from Mercer.
-
Blog
Changes to PCAOB inspections will begin in 2019
A new approach to audit inspections will begin in 2019, with changes intended to focus on prevention and deterrence, new PCAOB chairman says.