All Compliance Week articles in Web Issue – Page 379
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Blog
OFAC sanctions Iraq-based money services business
The U.S. Department of the Treasury’s Office of Foreign Assets Control imposed sanctions on Afaq Dubai, an Iraq-based money services business that has been moving money for the Islamic State of Iraq and Syria (ISIS).
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Article
Best practices in third-party risk management
NAVEX Global’s fourth annual third-party risk management benchmark report offers risk and compliance officers a glimpse at how their third-party risk management programs stack up against their peers.
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Blog
SEC warns companies to control phishing losses
The SEC has put companies on notice that their internal controls need to consider the risk of cyber-attack, especially e-mail “phishing” scams.
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Blog
SEC, PCAOB discipline ex-auditors at BDO, Deloitte
Two new enforcement actions give audit committees some textbook reminders to keep tabs on auditors regarding their compliance with professional standards.
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Article
Companies launch year-end push to new lease rules
The Q4 dash to new lease accounting is on, and it’s looking like some companies will not flip the switch to new systems by the Jan. 1 effective date.
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Blog
Bank of England urges firms to prepare for climate change risks
The Bank of England (BoE) wants boards of financial services firms to take a stronger role in identifying and managing financial risks caused by climate change by making individual executives accountable and improving disclosure.
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Article
CFPB pitches choose-your-own disclosure
The CFPB has proposed the creation of a regulatory “sandbox” for testing and approving new approaches to financial product disclosures.
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Blog
Criminal Division does an about-face on hiring a compliance counsel
The Department of Justice has scrapped its decision to hire another compliance counsel and instead announced a new, agency-wide approach to compliance oversight.
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Blog
A look at the new corporate monitorship policy
The Department of Justice on Oct. 11 issued revised guidance to establish standards, policies, and procedures for the selection of monitors in matters being handled by Criminal Division attorneys. The new guidance further refines the factors that go into the determination of whether a monitor is needed and clarifies and ...
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Blog
Generex appoints chief compliance officer
Title: Generex appoints a CCOGenerex Biotechnology, a biopharmaceutical company, has named Anthony Crisci as general manager, chief compliance officer, and corporate counsel for all of NuGenerex’s distribution efforts.
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Event
Sanctions Risk Management Conference
Princeton Club15 W 43rd StreetNew York, NY 10036United States
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Blog
TRACE improves anti-bribery compliance accreditation program
Anti-bribery compliance organization, TRACE, has introduced improvements, such as new course content, to its training and accreditation program that offers a professional credential for anti-bribery compliance specialists.
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Blog
Lockpath introduces two new editions of the Keylight Platform
Lockpath, a provider of integrated risk management solutions, announced the availability of two new product offerings to help companies of any size address risk.
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Blog
IdentityMind Global, CipherTrace partnership provides virtual currency risk assessment
IdentityMind Global recently announced that IdentityMind’s compliance, risk management, and fraud prevention platform has integrated CipherTrace’s digital currency risk assessment technology. This integrated solution allows virtual currency exchanges, ICOs, hedge funds, financial institutions, and any company that accepts cryptocurrency to understand the risk they present.
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Blog
SNC-Lavalin: Canadian authorities reject plea deal
Engineering and construction company SNC-Lavalin has been advised by the Director of the Public Prosecution Service of Canada (DPPSC) that, at this time, it will not “invite” the company to negotiate a deferred prosecution agreement.
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Blog
German DPAs begin random GDPR examinations
The Data Protection Authority of the German state of Lower Saxony recently began random examinations into how well companies are implementing the EU’s General Data Protection Regulations. Compliance officers of U.S. companies with operations in Germany should be on alert.
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Article
The ‘Weinstein Clause’: M&A deals in the #MeToo era
A CW analysis identified 15 M&A deals over the past eight months in which firms protected themselves in writing from sexual harassment allegations. Known as the “Weinstein Clause,” these protections still don't address the heart of the matter: corporate culture.
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Blog
Early adoption fizzles for new hedge accounting rules
Despite assumptions that companies would flock to simpler accounting, most are holding back in adopting new hedge rules.
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Blog
Shell may be green when it comes to pension fund ESG requirements
A Shell pensioner is threatening to take his own pension fund to the U.K.’s Pensions Ombudsman for maladministration—unless the company can prove it is managing its climate-related risk.
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Blog
SEC releases new, four-year strategic plan
The SEC has released a new strategic plan that is intended to guide the agency’s work over the next four years “with a primary focus on investors, innovation, and performance.”