All Compliance Week articles in Web Issue – Page 292
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Article
Former FCPA chief’s 7 steps to third-party compliance
Speaking at CW’s Third-Party Risk Management and Oversight Summit, former FCPA Unit chief Kara Brockmeyer called attention to recent enforcement actions against Walmart and Ericsson as a way to highlight seven steps to third-party compliance.
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Article
SEC’s Clayton: Talk of whistleblower cap ‘misguided’
Amid controversy surrounding proposed changes to the SEC’s whistleblower program, Chairman Jay Clayton continues to stress any adjustments won’t include a cap on awards.
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Article
PCAOB CAMs report: Goodwill, revenue recognition lead way
Goodwill and other intangible assets and revenue recognition are among the most frequently communicated critical audit matters, according to the Public Company Accounting Oversight Board’s first report on the new disclosure.
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Article
Liabilities and equity, LIBOR among priorities for FASB’s Golden
In a speech Tuesday, FASB Chairman Russell Golden laid out the accounting areas he hopes to finalize changes to before his term ends June 30, 2020.
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Article
Morgan Stanley fined $22.2M for manipulating bond prices
France’s financial market regulator has fined Morgan Stanley €20 million (U.S. $22.2 million) for manipulating the price of French and Belgian government bonds in June 2015.
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Article
1 & 1 Telecom fined $10.6M for GDPR violations; company fights back
A German federal privacy watchdog has fined 1 & 1 Telecom €9.55 million (U.S. $10.6 million) for violations of the EU’s General Data Protection Regulation, but the company says it won’t accept the penalty.
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Article
GoDaddy announces new accounting chief
Web hosting company GoDaddy disclosed to the SEC the appointment of Nick Daddario to serve as chief accounting officer and principal accounting officer.
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Article
HSBC names chief risk officer amid leadership changes
HSBC Holdings, the parent company of HSBC Bank, announced the appointment of a new chief risk officer amid several executive changes.
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Article
Score Media appoints CCO, general counsel
Score Media and Gaming, the company behind theScore sports app, announced the appointment of Josh Sidsworth as general counsel and chief compliance officer.
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Article
Public Trust tabs new chief risk officer
New Zealand-based trustee services provider Public Trust announced the appointment of David Callanan to the newly created role of chief legal and risk officer.
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Article
Treasury sanctions 18 individuals connected to human rights abuse
The Office of Foreign Assets Control has added 18 individuals across six geographies to its Specially Designated Nationals list for their roles in serious human rights abuse. Six entities have also been added to the list.
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Article
Swedbank announces governance overhaul, launches culture probe
Swedbank CEO Jens Henriksson announced the financial institution is making some major organizational changes “to create simpler and clearer decision-making structures to facilitate the realization of the bank’s strategy.”
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Resource
White paper: File Sharing for Financial Services and Banking Industry
In this age of unprecedented growth in unstructured data, emerging global privacy regulations, and increased threat of cyberattacks, a heightened focus on data security is no longer optional.
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Article
Motorcar Parts of America names accounting chief
Motorcar Parts of America announced the promotion of Kamlesh Shah to chief accounting officer. Shah succeeds Kevin Daly, who will serve as vice president, operational accounting.
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Article
Doctors Company promotes chief risk officer
Medical malpractice insurance firm The Doctors Company announced the promotion of longtime company executive Marco Vanderlaan to chief financial officer and chief risk officer.
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Article
Jefferies to pay $4M for improper handling of ADRs
Broker-dealer Jefferies will pay $4 million to settle charges for the improper handling of “pre-released” American Depositary Receipts (ADRs), the Securities and Exchange Commission announced.
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Article
SFO latest to investigate Glencore over bribery concerns
Glencore announced it is under investigation by the U.K. Serious Fraud Office over suspicions of bribery, making it the third investigation the multinational commodity trading and mining company is now facing.
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Article
Former Fed Chair Paul Volcker passes away
Paul Volcker, former chairman of the Federal Reserve and eponym to the controversial Volcker rule of the Dodd–Frank Act, died Sunday. He was 92.
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Article
Study: Spike in OFAC sanctions pose compliance challenges
Some companies might scramble to comply with more—and sometimes quickly shifting—sanctions requirements as the U.S. government chalks up record enforcement levels.
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Article
U.S. lenders feel confident, but why? Compliance, risk challenges abound
Financial institutions are feeling more confident than ever about their compliance management practices, but they remain concerned about the “moving targets” of regulators, new research shows.