All Compliance Week articles in Web Issue – Page 409
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Blog
The ‘20 percent’ lesson learned from Panasonic Avionics
Compliance practitioners take note: Cooperating with FCPA investigators was literally worth millions to Panasonic Aviation.
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Blog
SEC tries to placate mandatory arbitration fears
In response to House Democrats, SEC Chairman Jay Clayton is once again assuring the public there are no immediate plans to allow companies to demand dispute arbitration in IPO filings and corporate governance documents.
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Blog
States were too quick on the draw suing OCC over FinTech charters
State banking regulators this week suffered a setback with their lawsuit against the OCC over plans to offer bank charters to FinTech companies. Because the OCC’s plan has yet to be implemented, they currently lack standing, a judge says.
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Blog
States sue to stop EPA’s emissions rule rollback
A coalition of states, representing approximately 43 percent of the new-car sales market nationally, is suing the EPA to preserve auto emissions standards.
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Blog
Senate Democrats issue report on Equifax breach, chide CFPB's inaction
The Equifax data breach was even worse than initially feared, say Senate Democrats who accuse the CFPB for its lack of a “robust investigation” and plans to make its complaint database private.
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Blog
Trillium Health appoints chief compliance officer
Trillium Health, a community-based health center, has appointed Gregory Ewing as its new vice president, compliance and regulatory affairs and chief compliance officer.
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Blog
Clear Channel hints to potential FCPA violations
Media company Clear Channel Outdoor disclosed that it has advised U.S. authorities about accounting discrepancies caused by the misappropriation of funds at its Chinese subsidiary, in possible violation of the Foreign Corrupt Practices Act.
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Blog
Auditor tenure is ‘reference point,’ SEC's Bricker says
Auditor tenures are beginning to appear in public company filings, giving investors new insight into how embedded firms are at their various public company clients.
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Article
Revenue judgments about to go under the microscope
As they file their first 10-Qs under new revenue rules, companies may find their judgments will face a whole new round of scrutiny in the very next quarter.
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Blog
CFTC chair wants to reform and repair Dodd-Frank’s swaps rules
CFTC Chairman J. Christopher Giancarlo is trying to set the stage for what he describes as “regulatory reform 2.0,” with a look back on the Dodd-Frank Act’s swaps rules and where his Commission succeeded, or failed.
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Article
Interpreting the new NIST Cybersecurity Framework
The National Institute of Standards and Technology has published an update to its widely adopted Cybersecurity Framework, implementing significant revisions.
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Blog
‘Totally Shambolic’ IT migration
TSB bank, formerly Britain’s most recommended high street bank, has fallen into disgrace, primarily for recent noteworthy mishaps surrounding a technology migration.
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Article
Don’t be caught unprepared for a ‘dawn raid’
Unannounced inspections have become a fearsome weapon for regulators in Europe, so you need to know what to do in case your company ends up being a target.
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Article
With compliance creeping up fast, FinCEN guidance complicates its new rule
By May 11, banks and others in the financial services industry will need to comply with new customer due diligence rules. Recent guidance, banks say, both helped and complicated late-stage compliance efforts.
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Article
Finding right balance on robocall rules is tricky
The challenge for dealing with intrusive robocalls is finding a way to limit the ubiquitous scams while not adding legitimate uses to the rogue’s gallery of con artists.
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Blog
FCA publishes second ‘5 Conduct Questions’ feedback report
The U.K. Financial Conduct has published its second industry feedback report on its 5 Conduct Questions, a key component of its wholesale banking supervision. The new report, the FCA said, includes details on “how banks can encourage staff in front, middle, and back office, and control/support functions, to be responsible ...
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Resource
Compliance Week's 2018 GRC Education Directory
Compliance Week’s latest GRC Directory of Governance, Risk, and Compliance Education Programs is out. Featuring some of the world’s most prestigious universities, the online directory serves as a valuable information resource for anyone in the professional field looking to further their education.
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Blog
Responding to setbacks, KPMG adds outside directors
After some serious blows to its reputation, KPMG has decided to add outside directors to its board.
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Blog
Panasonic must pay $280M to resolve FCPA charges
Panasonic Avionics has agreed to pay more than $280 million to resolve civil and criminal charges arising out of a scheme to retain consultants for improper purposes and conceal payments to third-party sales agents.
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Blog
How regional committees can strengthen compliance culture
Implementing a regional model can more effectively ensure employee and third-party compliance with your code of conduct by integrating compliance into every aspect of a company’s functions and generating the necessary information to continuously improve your program.