All Compliance Week articles in Web Issue – Page 368
-
Blog
Professional Bank Services offers financial training option
Financial education firm Professional Bank Services announced the launch of bankED, an online training option for meeting the financial industry’s annual regulatory and policy-driven education requirements.
-
Blog
OCC names new head of enterprise risk management
The Options Clearing Corporation, the world's largest equity derivatives clearing organization, recently appointed two new senior leaders who will play key roles as the OCC transitions to its future risk management and clearing systems.
-
Blog
Gateway Mortgage Group appoints new chief risk officer
Gateway Mortgage Group, a full-service mortgage company, has named Steven Patrick as its new chief risk officer.
-
Blog
Lincoln Financial Group names general counsel
Lincoln Financial Group has named Leon Roday as executive vice president and general counsel, effective as of Dec. 14.
-
Blog
Vanderbilt Financial Group names new chief compliance officer
Investment firm Vanderbilt Financial Group announced the promotion of Steve Howe to the position of chief compliance officer.
-
Blog
OCIE: Mitigating the risks of electronic messaging systems
Registered investment advisers will want to pay attention to some recent observations shared by the Office of Compliance Inspections and Examinations following an examination initiative it conducted that offers some key insights for firms to consider to strengthen their supervisory, compliance, and risk-management practices related to the use of electronic ...
-
Blog
SFO: Former global sales director of Alstom Power sentenced in bribery case
Nicholas Reynolds received four years and six months imprisonment and was ordered to pay costs of £50,000 (U.S. $62,930) for his part in a conspiracy to bribe officials in Lithuania’s Elektrenai power station and senior Lithuanian politicians in order to win two contracts worth €240 million (U.S. $273 million), the ...
-
Blog
Eletrobras compliance failures result in $2.5M penalty in FCPA case
Brazil’s state-run power company Eletrobras has agreed to pay a $2.5 million civil penalty for violations of the Foreign Corrupt Practices Act. Inside, the SEC administrative order details Eletrobras’s compliance failures.
-
Blog
SEC settles accounting charges with no monetary penalty
The SEC recently settled charges with a company over accounting and control errors tied to sales incentives, but imposed no monetary penalty.
-
Article
Ask Amii mailbag
In response to our subscribers’ desire for practical advice on the leadership skills and strategic thinking required to lead with impact, Compliance Week is publishing a quarterly mailbag with executive coach and former CCO Amii Barnard-Bahn.
-
Resource
Leveraging data and technology for sanctions compliance: OFAC’s '50 Percent Rule'
Complying with the U.S. Treasury’s Office of Foreign Assets Control (OFAC) regulations on sanctions against foreign entities requires much more than checking a list of restricted companies and individuals.
-
Blog
As government shutdown drags on, SEC offers guidance
Concerned about how the government shutdown will affect the SEC and filing obligations? The agency is offering several resources to provide some much-needed guidance.
-
Blog
Goodwill impairments are on the rise, latest study says
Goodwill impairments are rising on corporate balance sheets, according to the latest analysis from advisory firm Duff & Phelps, suggesting impairment will be a source of heartburn in year-end reporting.
-
Blog
Hertz to pay $16M civil penalty for accounting violations
Car rental company Hertz Global Holdings will pay a $16 million civil penalty to settle a case concerning inaccurate financial reporting, the Securities and Exchange Commission announced in an order filed Dec. 31.
-
Article
When the customer’s not right
The Petrobras, Stryker, and Polycom enforcement actions serve as a lesson to compliance officers on how to guard against customer bribery schemes.
-
Blog
Wells Fargo to pay $575M in 50-state settlement
Wells Fargo reached a $575 million settlement to resolve civil claims with all 50 state Attorneys General and the District of Columbia that the bank violated state consumer protection laws.
-
Blog
IAV to pay $35M in emissions-cheating scandal
IAV GmbH, a German company that engineers and designs automotive systems, will pay a $35 million criminal fine for its role in a long-running emissions-cheating scandal concerning Volkswagen, the Department of Justice announced.
-
Blog
French court fines Total SA €500,000 in Iran bribery case
The Paris Criminal Court on Dec. 21 found French oil and gas company Total SA guilty of bribing a foreign public official and ordered the company to pay a €500,000 (U.S. $570,000) fine.
-
Article
OFAC to lift sanctions on three Russian companies
The U.S. Department of the Treasury’s Office of Foreign Assets Control notified Congress on Dec. 19 of its intention to lift sanctions imposed on three Russian companies.
-
Blog
Tesla adds two new independent directors
As part of a deal reached with the Securities and Exchange Commission in September, Tesla has added two new independent directors to its board: Oracle co-founder Larry Ellison and Kathleen Wilson-Thompson, global chief human resources officer of Walgreens Boots Alliance.