All Compliance Week articles in Web Issue – Page 311
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Article
Danske reported to police over investment mis-selling
Denmark’s financial regulator has filed a criminal complaint against Danske Bank over a mis-selling scandal that saw its former interim chief executive get fired in June this year.
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Article
FIFA chief compliance officer joins DLA Piper
Global law firm DLA Piper announced that Edward Hanover, former chief compliance officer at FIFA, will join the firm’s litigation practice as a partner in Northern California based in its Silicon Valley office.
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Article
SEC awards whistleblower $1.8M for 'extensive' assistance
The SEC awarded more than $1.8 million to a whistleblower whose information and assistance were “critically important” to the success of an enforcement action involving misconduct committed overseas.
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Article
Juniper settles FCPA case with SEC for $11.7M
Juniper Networks has reached an $11.7 million settlement with the SEC for violations of the Foreign Corrupt Practices Act concerning its sales practices in Russia and China.
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Article
GE whistleblower report shines light on insurance liability
Recent whistleblower allegations against GE have put a spotlight on mounting liabilities that will hit corporate balance sheets when insurance accounting rules shift.
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Article
SEC issues 9 compliance & disclosure interpretations for Inline XBRL
The SEC’s Division of Corporation Finance this month published nine new Compliance and Disclosure Interpretations relating to Inline XBRL rules, particularly concerning common questions around the exhibit index and cover page tagging.
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Article
Antitrust Division names new senior director of investigation and litigation
The Department of Justice’s Antitrust Division announced the elevation of Section Chief Kathy O’Neill to the new role of senior director of investigation and litigation.
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Article
New FinCEN unit to focus on money laundering threats
FinCEN announced the launch of its newly created Global Investigations Division, with responsibility for targeting terrorist financing and money laundering threats, both domestically and internationally.
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Article
Commissioners Jackson and Lee: A critical look at Regulation S-K
SEC Commissioners Robert Jackson and Allison Herren Lee have expressed concerns about the move toward principles-based requirements with Regulation S-K and advocated for more requirements to disclose climate risk.
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A glimpse into Greece’s first anti-corruption chief
Greece’s government has appointed Angelos Binis as its first ever anti-corruption chief to head the country’s newly created anti-corruption body, the Transparency Authority.
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Resource
e-Book: CECL: Don’t get left behind on FASB’s credit loss standard
The Financial Accounting Standards Board has approved delays for its credit loss standard, a.k.a. CECL, but companies—especially financial institutions—still have a long way to go.
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Resource
White paper: Essential transcription dos and don’ts for your audio recording review program
Transcription is merely a starting point for call recording review and even the voice portion video recording review.. That said, voice-to-text technologies and even search tools built for transcripts still haven’t met both of the distinct last-mile-needs around using transcripts for compliance.
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Article
London Stock Exchange Group to acquire Refinitiv
The London Stock Exchange Group announced terms to acquire data provider Refinitiv for $27 billion. Together, LSEG and Refinitiv would be the largest listed global financial markets infrastructure provider by revenue.
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Article
New SEC guidance addresses proxy voting process
New SEC releases address the applicability of proxy rules to proxy voting advice and provide guidance to investment advisers in fulfilling their proxy voting responsibilities, particularly when they retain the services of a proxy advisory firm.
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Article
Deal or no deal: PM promises Brexit on Oct. 31
Several recent decisions by new Prime Minister Boris Johnson suggest the United Kingdom will crash out of the European Union on the Oct. 31 deadline without a deal.
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Article
Microsoft facing GDPR probe in Ireland
The Dutch Data Protection Agency has referred Microsoft to its home EU regulator in Ireland regarding new privacy concerns with its Windows 10 operating system.
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Article
Reciprocity launches new integrated platform
Compliance solutions provider Reciprocity announced its new Platform-as-a-Service, ZenConnect, to integrate with platform ZenGRC.
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Article
KPMG CEO elects not to seek second term
Lynne Doughtie, chairman and CEO of KPMG, has decided she will not seek re-election when her term expires next summer.
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Article
Shared Assessments Program enhances TPRM framework
The Shared Assessments Program announced a new addition to its TPRM framework covering the subjects of periodic assessments and continuous monitoring.
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Article
Mastercard reveals data breaches in third-party loyalty program
Mastercard is investigating two data breaches relating to a loyalty program it ran in Germany following a leak of personal information that saw customers’ names, addresses, and credit card numbers circulating on the internet.