All Compliance Week articles in Web Issue – Page 344
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Article
MTS settles FCPA case with SEC, Department of Justice
Russian telecommunications provider Mobile TeleSystems (MTS) has reached settlements with both the Department of Justice and the Securities and Exchange Commission to resolve charges that it violated the Foreign Corrupt Practices Act to win business in Uzbekistan.
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Article
U.K. gender pay gap reports rife with defects
A new report from U.K. organization paygaps.com says that compliance with gender pay regulations and guidance is still very weak.
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Article
FTC proposes consumer data rule changes for financial institutions
The Federal Trade Commission is seeking public comment on proposed amendments to rules under the Gramm-Leach-Bliley Act that protect the privacy and security of customer information held by financial institutions.
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Article
Internal audit still vexed by data, third-party risks
Internal audit is making strides in steering its focus and resources toward companies’ emerging risks—but there’s still some work to be done, the IIA says.
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Article
Festivus, Fortnite, and the SEC’s relationship with institutional investors
SEC Commissioner Hester Peirce’s speech before the Council of Institutional Investors spring conference used two pop culture touchpoints as a means to clarify her relationship with the audience the group represents.
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Article
Leases 2.0: Is your company ready for ongoing compliance?
With leases about to hit corporate balance sheets, companies need to shift gears to focus on the ongoing implications of new lease accounting rules.
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Article
Dems pitch new bill to impose stock transaction tax
Congressional Democrats have introduced legislation to create a new tax on stock transactions that they say “would generate billions in revenue” while addressing economic inequality and volatility in the market.
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Article
New Fenergo solution to streamline AML screening
Client lifecycle management solutions provider Fenergo launched Fenergo Hierarchy Manager. The hierarchical modeling and visualization tool is designed to streamline anti-money laundering (AML) screening.
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Article
Willkie Farr & Gallagher launches compliance app
International law firm Willkie Farr & Gallagher LLP announced the launch of its web-based resource application for multinational companies, attorneys, and compliance professionals.
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Blog
FDA Commissioner Scott Gottlieb to resign
Scott Gottlieb, commissioner of the Food and Drug Administration, announced Tuesday that he will resign within the next month.
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Blog
FASB finalizes minor edits to major new lease rules
As companies are about to begin reflecting new lease rules, the Financial Accounting Standards Board has approved some minor edits to the standard that are intended to assure a smooth transition.
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Blog
New Zix solution geared toward communications security
Email security firm Zix Corporation announced the availability of its cloud-based business communications security and compliance solution, ZixSuite.
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Article
Ted Baker CEO resigns following ‘hugging’ allegations
Ray Kelvin, the CEO and founder of fashion retailer Ted Baker, has resigned following allegations of sexual misconduct made against him last December.
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Blog
Autoliv, TRW fined €368M for breaching EU antitrust rules
Autoliv and TRW became the latest automotive-safety equipment suppliers to be fined by the European Commission for cartel activity to the tune of €368 million (U.S. $416 million) for breaching EU antitrust rules. For revealing the cartel activity to the Commission, Takata was not fined.
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Blog
FDA singles out Walgreens in nicotine sales crackdown
The FDA is escalating a “forceful” crackdown on retailers and manufacturers that sell nicotine-based products to minors. Among the companies in its crosshairs: Walgreens.
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Blog
Shell: Dutch prosecutors to bring criminal charges
Oil and gas company Royal Dutch Shell announced that Dutch prosecutors are preparing to levy criminal charges against it concerning a long-running corruption scandal in Nigeria.
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Article
Businesses back NAFTA 2.0, but ratification no slam dunk
While U.S. companies in particular are backing the new United States-Mexico-Canada Agreement, there are some hang ups that make it no shoo-in for ratification by each of the three countries.
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Article
Facebook facing probes in Ireland
Facebook is the subject of 10 investigations by Ireland’s privacy regulator into whether the company and its subsidiaries have violated European Union privacy law—part of 15 probes the regulator has opened up against major tech firms headquartered in the country.
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Blog
Comcast names general counsel and secretary
Comcast announced on March 1 that it has named Thomas Reid as senior executive vice president, general counsel, and secretary. He will report to Chairman and CEO Brian Roberts.
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Blog
CII: Lyft’s planned share structure harms investors
The Council of Institutional Investors is expressing “deep concern” about Lyft’s initial public offering filing, because it implemented a dual-class share structure lacking “sunset provisions to unwind it within a reasonable time period.”