All Compliance Week articles in Web Issue – Page 395
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BlogSenate Democrats demand that CFPB reinstate advisory board
A coalition of Senate Democrats is demanding that Office of Management and Budget Director Mick Mulvaney, who also heads the CFPB, detail how the latter agency will reassemble its recently disbanded Consumer Advisory Board.
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Resource
Navigating the Worldwide Web of Trade Sanctions Laws
In this e-Book, produced by Compliance Week in partnership with Amber Road, companies will learn how to navigate the complex world of sanctions risk with an eye toward not just abiding by the law, but to helping inform better enterprise-wide business decision-making in the realms of product development, international expansion, ...
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Resource
Institutional Bond ETF Guide: Markets on Demand
Many investors are discovering they can no longer rely exclusively on the old bond trading model to meet all their liquidity needs. Seismic regulatory shifts have reduced large banks’ balance sheets, constraining their ability to hold inventory and support market liquidity. As a result, it has become harder and more ...
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Article
Will new Mexican president make good on anti-corruption promises?
Business leaders and the compliance community anxiously wait to see if newly elected Mexican president Andrés Manuel López Obrador will make good on his pledge to fight corruption.
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ArticleProgress in extractive mining disclosures emerges, even as U.S. backs away
A new survey on oil, gas, and mining companies by Oxfam finds they are increasingly adopting full contract disclosure policies, despite governmental protestations. Nevertheless, it cautions, more work remains.
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Blog
IOSCO proposal seeks to set practices for audit committees
International regulators are developing a broad proposal to call for improvements in audit committee oversight of external auditors.
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Blog
DoJ launches new task force on Market Integrity and Consumer Fraud
The Justice Department, empowered by an executive order by President Trump, is creating a new, multi-agency task force on Market Integrity and Consumer Fraud. The plan was detailed, on Wednesday, in public remarks by Deputy Attorney General Rod Rosenstein.
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Blog
SEC pursues Fitbit stock manipulation scheme
The SEC has filed fraud charges against a second defendant in connection with a scheme to manipulate the price of Fitbit securities through false regulatory filings on its EDGAT database system.
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Blog
PCAOB prepares new proposals on estimates, specialists
The PCAOB is preparing to issue new proposals in the fourth quarter on auditing accounting estimates and using the work of specialists.
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Resource
Third Party Risk: A Journey Toward Maturity
What are third party risk management salaries, budgets, challenges and opportunities? Find out the answers to these questions and more in Third Party Risk: A Journey to Maturity, Results of the 2018 ‘Taking the Pulse of Third Party Risk Management’ Survey.
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Blog
OFAC eases sanctions on Sudan; terrorism concerns persist
The Trump administration has dropped most of the U.S. sanctions targeting Sudan, also removing it from the list of nations targeted by a controversial travel ban. The White House stopped short, however, of removing the war-torn country from its terrorism watch list.
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Blog
FINRA wants firms to detail dabbling in virtual currencies
FINRA wants the brokerage firms and exchanges it oversees to alert it if they engage in activities related to digital assets and cryptocurrencies.
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Blog
Credit Suisse subsidiary settles FCPA violations
The SEC has announced that Credit Suisse Group AG will pay $30 million to settle allegations that it rigged hiring practices to win business in the obtained investment banking business in the Asia-Pacific region, an FCPA violation. Credit Suisse also agreed to a $47 million settlement with the Justice Department.
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Blog
ITT executives agree to resolution, fines with SEC
The SEC has resolved ongoing accusations against with two former senior executives of ITT Educational Services Inc. The Commission says the company’s leadership hid its true financial condition from investors. The resolution successfully concludes an SEC case against the national operator of for-profit colleges.
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Article
SEC requires shift to integrated XBRL filing
A new requirement for companies to adopt some new XBRL technology will produce different levels of compliance burden depending on how companies are complying now.
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Blog
Nissan apologizes after acknowledging it falsified data
Nissan apologized Monday after uncovering—as part of a check of emissions and fuel economy tests within its final production process—it had falsified data at all but one of its Japanese vehicle production plants.
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ArticleCompanies need to do a better job with crisis management
From natural disasters to cyber-security and supply chain disruptions, companies say they are prepared for a crisis, but those boasts often prove hollow when one hits.
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Article
Danske Bank in hot water again over money laundering allegations
The Estonian subsidiary of Denmark’s largest bank may have laundered more than double the amount of dirty money than first thought, according to reports.
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Blog
Hiring and the FCPA
The Credit Suisse FCPA enforcement action reminds us all again that it is not the hiring of family members or close friends of a foreign government official or employee of a state-owned enterprise that is illegal under the FCPA, only those hires made with corrupt intent.