All Compliance Week articles in Web Issue – Page 255
-
Article
What are expectations of compliance at a negligent company like PG&E?
Financial crime expert Martin Woods wonders about the compliance priorities of a company found to be as reckless as Pacific Gas and Electric.
-
Article
Mexico’s war on corruption an uphill battle for compliance officers
Companies doing business in Mexico face an uphill battle with their anti-corruption compliance efforts as the country’s government struggles to control—and, in many cases, contributes to—its endemic corruption problem.
-
Article
Bill proposes national cyber-security czar
A bill with bipartisan Congressional support proposes to create a national cyber-security czar who would report directly to the president.
-
Article
SEC risk alert provides compliance roadmap for investment advisors
A risk alert issued recently by the SEC examines disclosure deficiencies by investment advisors managing private funds.
-
Article
Following $107M fine for lax controls, SEB shares AML efforts
Sweden’s financial watchdog was fined SEB $107 million for weak governance practices related to the bank’s anti-money laundering controls in its Baltics subsidiaries.
-
Article
Regs rollback Volcker rule restrictions on bank investments
Despite pushback from some regulators and Democrats in Congress, the newest Volcker rule update will allow banks—in certain circumstances—to invest or sponsor hedge funds and private equity funds.
-
Article
Novartis to pay $347M to resolve FCPA investigations
Novartis will pay nearly $347 million in combined criminal and civil penalty settlements with U.S. authorities to resolve all FCPA investigations into historical conduct by the company and its subsidiaries.
-
Article
Experts: CCPA enforcement will prioritize children’s privacy, digital marketing
What will enforcement of the California Consumer Privacy Act look like at first? Experts offer their take, in addition to providing guidance for companies still not in compliance with the landmark legislation.
-
Article
Pandemic has taught us online training/education needs work
The challenge of educators and trainers is to demonstrate how online learning has the ability to be “more than” it has been before. To accomplish this goal, “let’s Zoom” cannot be the only call to action.
-
Article
VEREIT to pay $8M to settle SEC fraud charges
VEREIT, a publicly traded real estate investment trust, will pay an $8 million penalty to resolve SEC fraud charges over intentionally overstating a key non-GAAP performance metric.
-
Article
FRC to probe EY, PwC audits of London Capital & Finance
The U.K. Financial Reporting Council has commenced three investigations into the audits of collapsed investment firm London Capital & Finance, including audits carried out by Big Four firms EY and PwC.
-
Article
EC report: More harmonization needed in GDPR efforts
The European Commission believes the General Data Protection Regulation is an “overall success” but points to harmonization among member states as an area for improvement.
-
Article
Lessons from Wirecard: Ignore unchallenged allegations at your peril
When a company does not rebut serious allegations of wrongdoing with litigation, the only response is to demand answers from the firm or take your business elsewhere, writes financial crime expert Martin Woods.
-
Article
How coronavirus has shifted non-GAAP measures
The rules around non-GAAP reporting have not changed, but the coronavirus pandemic has brought about new considerations and challenges to consider in second-quarter reporting.
-
Article
Democratic privacy bill proposes new data agency
A draft privacy bill from Sen. Sherrod Brown (D-Ohio) would require companies seeking to collect sensitive personal data to receive a “certification of compliance” from a newly created independent agency.
-
Article
FTC stumps for additional resources to police privacy
The FTC says it would consider creating three new units to pursue privacy enforcement investigations if Congress would increase its full-time employee headcount.
-
Article
Twitter adds former FBI general counsel
Social networking platform Twitter beefed up its legal team with the addition of former FBI General Counsel Jim Baker as deputy general counsel.
-
Article
Fresenius appoints chief legal and compliance officer
Fresenius SE & Co. KGaA, the majority shareholder of Fresenius Medical Care, appointed Dr. Sebastian Biedenkopf to its management board as chief legal and compliance officer and labor relations director.
-
Article
Gentherm names chief accounting officer
Thermal management technologies developer Gentherm announced the appointment of Jennifer Zoldos as chief accounting officer.
-
Article
Intercontinental Exchange tabs risk officer
Intercontinental Exchange, the parent company of the New York Stock Exchange, announced Joanne Rowe has been named corporate risk officer.