All Compliance Week articles in Web Issue – Page 1083
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Blog
U.K. data regulator slaps Facebook with maximum fine
Facebook has been hit with a £500,000 fine by the Information Commissioner’s Office for serious breaches of data protection rules stemming from the Cambridge Analytica scandal.
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Blog
FASB edits hedging standard, more changes to come
FASB has finalized a change to the new hedge accounting standard to expand the list of permissible U.S. benchmark interest rates.
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Blog
CII petitions exchanges over dual-class shares
The Council of Institutional Investors has filed petitions with the New York Stock Exchange and Nasdaq asking them to limit listings of companies with dual-class share structures.
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Blog
Senators demand post-breach answers from Google CEO
U.S. Senators Catherine Cortez Masto (D-Nev.) and Amy Klobuchar (D-Minn.) have written a letter to Google CEO Sundar Pichai that demands more information regarding a recently reported breach.
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Blog
FinCEN advisor charged with leaking SARs to media
A senior advisor at the Financial Crimes Enforcement Network has been arrested and charged with leaking agency data to a reporter.
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Blog
Prudential escapes SIFI tag, enhanced regulatory oversight
The FSOC has reversed a previous determination that material financial distress at Prudential Financial could pose a threat to U.S. financial stability.
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Blog
State bank regulators sue OCC over FinTech charters
The Conference of State Bank Supervisors is suing to prevent the OCC from granting special national bank charters to non-banks, specifically FinTech firms.
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PodcastLouis Sapirman on holistic compliance messaging
In our inaugural episode, former CCO Louis Sapirman chats with Tom Fox about his 360-Degrees of Compliance Communication model, which takes an all-encompassing approach to compliance messaging.
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BlogStudy links accounting expertise to misstatement risk
Accounting expertise coupled with high levels of executive compensation can increase the risk of misstatements, according to a new academic study.
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BlogCEOs pledge ‘commonsense corporate governance principles’
CEOs of 20 leading public companies, pension funds, and investment firms have signed onto a continuing effort intended to “jumpstart a national conversation on corporate governance.”
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Blog
FDA, DHS partner on medical device cyber-security
The Food and Drug Administration and Department of Homeland Security have announced a new framework for greater coordination and cooperation when addressing cyber-security in medical devices.
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Article
U.K.’s EA mum on combating plastic waste fraud
A recent report says the U.K. Environment Agency is investigating complaints of widespread fraud and non-compliance with waste regulations being perpetrated by organised criminals and certain U.K. firms—a claim the agency will neither confirm nor deny.
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Blog
SEC expands probe at GE after $22B impairment charge
The SEC has expanded its investigation into accounting issues at GE and is now looking into a $22 billion impairment charge, the company reported.
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ResourceStaying a step ahead of third-party risk
The Department of Justice, Securities and Exchange Commission, and Internal Revenue Service (among other U.S. regulators) have all entered the fray when it pertains to guiding companies to mitigate third-party risk.
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Blog
Data privacy bill threatens corporate fines, jail for executives
Sen. Ron Wyden (D-Ore.) has announced proposed legislation that would “impose harsh fines and prison terms for executives at corporations that misuse Americans’ data.”
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Blog
PCAOB censures Deloitte Mexico partners in cross-border audits
The PCAOB has disciplined three partners at Deloitte Mexico, citing failures in cross-border audits that affected U.S. opinions.
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Blog
Third ex-KPMG partner pleads guilty in inspection leak
A third ex-KPMG partner has consented to a guilty plea in connection with charges of fraud and conspiracy in regulatory inspections.
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Blog
Walmart reaches proposed class-action settlement for $160M
Walmart has reached a proposed $160 million settlement with the City of Pontiac General Employees’ Retirement System in a securities fraud class-action lawsuit concerning a long-running investigation into violations of the Foreign Corrupt Practices Act.
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PodcastDan Chapman talks FCPA investigations
Former CCO Dan Chapman chats with Tom Fox about how to approach an FCPA investigation and come out stronger after remediation.