All Compliance Week articles in Web Issue – Page 390
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Blog
CFPB helps launch international financial innovation coalition
The CFPB, working with foreign financial regulators, has announced an initiative to create the Global Financial Innovation Network, intended to provide a more efficient way for innovative firms to interact with regulators.
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Article
Danske Bank case illustrates poor anti-money laundering practices
There seems to be no end to the AML woes hounding Danske Bank. Most recently, Denmark’s financial crime regulator announced a pending investigation into the beleaguered bank for possible money laundering violations related to its Estonian branch.
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Resource
Rethinking Communications: 5 Ways to Boost the Effectiveness of Compliance Communications
Do you worry that your compliance program has grown stale? Here are five things that you can start doing right away to inject fresh, new life into your company’s compliance communications.
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Article
Foreign deal making, exports face increased scrutiny
New legislation clarifies and strengthens ability of government agencies to review, and potentially block, cross-border deals in the name of national security.
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Blog
KPMG, SAS alliance helps banks prepare for CECL
KPMG recently announced an alliance with SAS to help banks transition to a new accounting standard—current expected credit loss (CECL)—which will drastically change how financial institutions estimate, reserve, and report on losses.
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Blog
SAP, Thomson Reuters simplify pricing and reference data
SAP has expanded its strategic partnership with Thomson Reuters to simplify converting cross-border transaction prices into a single currency, no matter where or when the transaction happens.
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Article
Reading the tea leaves of the Market Integrity and Consumer Fraud Task Force
Compliance, risk, and legal professionals that are not already familiar with the new Task Force on Market Integrity and Consumer Fraud should get up to speed, and fast.
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Blog
OneTrust launches California privacy law assessment tool
OneTrust, a privacy management software provider, has launched a free assessment for companies to use to benchmark their preparedness with the California Consumer Privacy Act.
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Blog
Accuity acquires Safe Banking Systems
Accuity last month announced the acquisition of Safe Banking Systems, a specialist provider of Know-Your-Customer due diligence and anti-money laundering solutions that enable financial institutions to identify, assess, and manage risk across the enterprise.
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Blog
Thomson Reuters launches Compliance Management solution
Compliance Management, a new offering by Thomson Reuters, helps risk and compliance professionals demonstrate strong governance and sound internal controls in the face of intense, enterprise-wide regulatory scrutiny.
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Blog
All eyes on the CBS board of directors
The role of the board of directors in a best practices compliance program takes on even more importance when senior management engages in recalcitrant conduct. It remains to be seen if the CBS board will step up in a time of crisis.
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Blog
Risk management 101: getting third-party approval of terms and conditions
While it may seem daunting to convince third parties to agree to the company’s terms and conditions, it’s a key part of compliance and one each party will appreciate in the end.
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Blog
FASB seeks preparer input on segment reporting ideas
To help figure out what to do to improve segment reporting, FASB is looking for public companies to participate in a study.
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Blog
SEC urged to boost crowdfunding cap
Crowdfunding evangelists are asking the SEC to consider raising the investment cap under Regulation Crowdfunding from $1 million to $20 million.
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Article
Public comments on SEC’s ‘best interest’ rule hit a deadline
The general public, ahead of Tuesday’s deadline for public comment, has offered constructive criticism of the SEC’s Regulation Best Interest.
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Blog
SEC plans roundtable on proxy access
The Securities and Exchange Commission will host a roundtable later this year to hear from investors, issuers, and other market participants about whether its proxy rules should be refined.
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Blog
Coinbase names chief compliance officer
Coinbase, a digital currency exchange, has appointed Jeff Horowitz as chief compliance officer.
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Blog
World Bank debars Chinese information-technology company
The World Bank on Aug. 1 announced the 15-month debarment of China-based Jiangsu Zhidehuatong Information Technology in connection with fraudulent practices as part of the Hubei Xiangyang Urban Transport Project in China.
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Blog
24 attorneys general push for shell company transparency
Washington Attorney General Bob Ferguson has led a bipartisan group of 24 attorneys general to urge leadership of the House Financial Services Committee to advance legislation improving transparency of shell corporations by requiring them to disclose who controls and profits from their activities.
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Blog
IRS, Treasury float rules on foreign earnings under tax reform
The IRS and Treasury have issued proposed regulations on how they envision implementing tax reform rules around repatriation of foreign earnings.