All Compliance Week articles in Web Issue – Page 373
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ResourceInnovative ways to reduce money laundering risk
From Big Data to cryptocurrencies, money laundering and terrorism financing is an ever-evolving risk.
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Blog
Vantage Drilling pays $5M, closes FCPA case with SEC
Offshore drilling contractor Vantage Drilling International has concluded a settlement agreement with the Securities and Exchange Commission, in which it has agreed to pay $5 million to resolve a previously disclosed investigation into potential violations of the internal accounting control provisions of the U.S. Foreign Corrupt Practices Act.
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Blog
Boston Mutual appoints chief compliance, privacy, and AML officer
Boston Mutual Life Insurance Company, a national insurance carrier, has appointed Christine Williams as second vice president - chief compliance, privacy, and anti-money laundering officer.
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Blog
FASB proposes updates to financial instrument rules
FASB has issued a proposal to amend rules on three major standards on financial instruments to address clarity and implementation issues.
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Blog
Survey: CCO liability fears persist
Although corporate compliance officers are receiving greater support for their programs, concerns about personal liability increased over the past year, according to a new survey conducted by DLA Piper.
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Blog
SFO secures more convictions in F.H. Bertling corruption case
Stephen Emler and Giuseppe Morreale pleaded guilty for their part in a corrupt scheme to secure a ConocoPhillips freight forwarding contract, worth over £16m, for logistics and freight operations company F.H. Bertling as part of the ‘Jasmine’ North Sea oil exploration project, the U.K. Serious Fraud Office announced.
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Article
Cigna, Wells Fargo describe journey to high-tech ICFR
Technology is permeating internal control over financial reporting, and one of its pioneers says the transition is possible even without a tech background.
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Blog
Petco names chief legal officer and corporate secretary
Petco, a pet specialty retail company, has appointed Genevieve Kelly as chief legal officer and corporate secretary overseeing all legal, corporate governance, and regulatory affairs for the company.
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Blog
Customers Bancorp appoints new chief accounting officer
Customers Bancorp, a bank holding company, has promoted Jeffrey Skumin to chief accounting officer and controller. He assumes this role from Carla Liebold, who was appointed as the holding company and bank's chief financial officer.
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ResourceNavigating the uncharted waters of geopolitical risk
From sanctions to tariffs, the United States is increasingly a source of geopolitical risk, further making compliance issues under the current U.S. administration a nightmare for sanctions compliance professionals not just in the United States, but also in the United Kingdom, Europe, Canada, Mexico, and beyond.
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Blog
SunTrust chief risk officer to retire
SunTrust Banks announced that Jerome Lienhard will retire as chief risk officer at the end of the year, following a 40-year career in the financial services industry. Ellen Koebler will succeed Lienhard as chief risk officer, effective Jan. 1, 2019.
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Blog
Red Robin appoints chief accounting officer
Red Robin Gourmet Burgers has appointed Dave Hansen to serve as chief accounting officer of the restaurant company.
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Blog
U.S. considers export controls for AI, other emerging tech
The Commerce Department is proposing what may end up being the government’s first regulatory regime for the use of artificial intelligence technology. Other cutting-edge technologies are also under consideration for enhanced export controls.
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Blog
Quarles to head Financial Stability Board
Randal Quarles, a Federal Reserve governor and its vice chairman for supervision, has been appointed as the new chairman of the international Financial Stability Board.
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PodcastDavid Bunker on assessing conflict of interest
David Bunker, the compliance officer at Seattle-based nonprofit Vulcan, explains the process he implemented to better assess threats of conflict of interest while maintaining employee freedom.
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Blog
SEC names Kurt Gottschall director of Denver office
The Securities and Exchange Commission named veteran staffer Kurt L. Gottschall director of the Denver regional office, where he will lead a staff of more than 100 enforcement agents.
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Blog
SEC Whisteblower Office has recordbreaking year
Fiscal year 2018 marked a historic year for the Securities and Exchange Commission’s Whistleblower Program both in terms of the dollar amount of whistleblower rewards the agency doled out and the number of tips received, according to the SEC annual report to Congress.
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Blog
FloQast control addresses signed-off reconciliations
Close management software provider FloQast announced the release of a new control to prevent sign-off on reconciliations that are not tied out.
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Blog
New BlackLine product helps manage internal controls
Financial controls and automation software provider BlackLine, Inc. has unveiled a new compliance product designed to manage internal controls in large and midsize companies.
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Blog
Société Générale to pay $1.34B for economic sanctions violations
Société Générale has been slapped with a $1.34 billion criminal penalty for conspiring to violate the Trading with the Enemy Act and the Cuban Asset Control Regulations, representing the second largest penalty ever imposed on a financial institution for violations of U.S. economic sanctions.