All Compliance Week articles in Web Issue – Page 382
-
Blog
SEC charges Stryker second time for FCPA violations
The SEC on Sept. 28 charged Stryker with violating the books and records and internal accounting controls provisions of the Foreign Corrupt Practices Act, the second time the SEC has brought an FCPA action against the medical device company.
-
Blog
Anatomy of a FATCA case
The Department of Justice recently secured its first ever criminal conviction under the Foreign Account Tax Compliance Act. For compliance officers, in-house counsel, and internal audit, the case provides a rare look into the inner workings of a FATCA scheme and resulting undercover sting operation.
-
Blog
Adverse audit opinions on ICFR taper off in 2017
For the first time since 2010, adverse auditor opinions on internal control over financial reporting tapered off in 2017.
-
Podcast
Podcast: Student lending, FinTechs, and compliance
In this edition of the Compliance Week podcast, we chat with David Mark, senior vice president and regulatory compliance counsel for LendKey Technologies, a lending platform used by banks and credit unions to source and manage loans online. We discuss the compliance challenges inherent in his firm's marketplace.
-
Blog
Lease adoption work will spill into 2019, poll suggests
Plenty of companies adopting new lease accounting rules for a Jan. 1, 2019, effective date are likely to continue their implementation work even into the first quarter.
-
Article
SEC targets Musk for ‘misleading’ Tesla tweets
The Securities and Exchange Commission is suing Tesla for online comments made last month by founder Elon Musk about possibly taking the publicly traded company private, and is seeking to oust Musk as CEO.
-
Article
Petrobras to pay $853.2M in corruption case
Brazilian state-owned energy company Petrobras on Thursday reached a coordinated resolution with U.S. and Brazilian authorities, agreeing to pay a combined $853.2 million for playing a role in one of the largest political corruption investigations the world has ever seen.
-
Article
Hospital chain to pay more than $260M to resolve false billing, kickback allegations
Health Management Associates will pay more than $260 million to resolve criminal charges and civil claims relating to a scheme to defraud the United States.
-
Article
While supportive, tech companies haggle over federal privacy law
Well past the point of omens, it seems that a federal consumer privacy law is imminent. But what should that law be? How should it mimic GDPR requirements and those of states like California? The devil may be uploaded with the details.
-
Blog
Smarsh and Actiance complete merger
Smarsh on Tuesday announced it has completed its merger with Actiance. The combined company will operate under the Smarsh brand.
-
Blog
SEC charges Voya Financial Advisors with deficient cyber-security procedures
In the SEC's first enforcement action for violations of the Identity Theft Red Flags Rule, Voya Financial Advisors has agreed to pay $1 million to settle charges for having deficient cyber-security policies and procedures concerning a cyber intrusion that compromised the personal information of thousands of customers.
-
Blog
Report: Financial firms fined $26B for AML, sanctions, KYC non-compliance since 2008
A staggering $26 billion in fines has been imposed for non-compliance with Anti-Money Laundering (AML), Know Your Customer (KYC), and sanctions regulations in the last decade, according to new research.
-
Blog
Department of Justice updates, renames U.S. Attorneys’ Manual
The Department of Justice announced the roll out of an updated U.S. Attorneys’ Manual, now titled the Justice Manual. It is the first comprehensive review and overhaul of the manual in more than 20 years.
-
Article
Withdrawal of past guidance signals a contentious start to SEC’s proxy process review
Critics of proxy advisory firms are cheering the withdrawal of 2004 no-action letters that they say empowered and entrenched the firms.
-
Article
Hidden ownership in high-end real estate
Title: OCEG: Hidden ownershipThis latest installment of the Compliance Week/OCEG GRC Illustrated series explores how fraudsters are using high-end real estate to launder money.
-
Blog
PCAOB calls out two-thirds of audits at BDO USA
The PCAOB has handed BDO USA another scathing inspection report, finding 67 percent of the audits examined in 2016 failed to comply with standards.
-
Blog
SEC awards $4M to overseas whistleblower
The Securities and Exchange Commission has awarded nearly $4 million to an overseas whistleblower whose “extensive assistance” helped it bring a successful enforcement action, the agency announced on Sept. 24.
-
Article
As FinTech support grows, can Congress keep from hitting the brakes?
As it so often is in the world of financial services, FinTech evangelists want rule streamlining and deregulation. Is that the right approach?
-
Article
FASB gives final word on how to account for cloud costs
Unraveling an accounting simplification, companies are returning to an older way to account for software costs associated with certain cloud computing arrangements.
-
Blog
SFO General Counsel to join Kingsley Napley
Alun Milford, general counsel for the U.K. Serious Fraud Office, will be leaving the agency to join law firm Kingsley Napley as a partner.