All Compliance Week articles in Web Issue – Page 424
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Blog
Preventing money laundering in law firms
Strict new anti-money laundering regulations will make compliance matters much more complicated for U.K. solicitors whose business makes them a target for money laundering operations.
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Blog
Autoliv elects two new board members
Autoliv, an automotive safety systems company, has added two new independent directors to the Autoliv Board, Hasse Johansson and Thaddeus “Ted” Senko, effective March 2. With the addition of Johansson and Senko, Autoliv has expanded its board size from nine to eleven directors.
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Resource
7 Step Guide to Risk & Compliance
This guide provides insight into how technology can empower compliance professionals with the correct tools to assess regulatory impacts, then communicate this information effectively throughout your organization. In short, Signavio’s 7 Step Guide to Risk & Compliance will help ensure compliance becomes a company-wide endeavour, by harnessing the skills, knowledge, ...
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Blog
The board's role in internal controls
Internal controls for a board or board compliance committee should be broken down into five concepts, says The Man From FCPA.
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Blog
CCO reporting to the board
Chief compliance officer reporting to the appropriate board of director’s compliance committee has to be structured carefully to promote ethics and compliance. Inside are five best practices that should guide the reporting.
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Blog
Compliance lessons from the HP-Autonomy fiasco
The Man From FCPA discusses the reasons behind one of the greatest corporate disasters in the past few years: the acquisition of Autonomy by Hewlett-Packard.
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Blog
Is a success fee high risk?
It was reported that two U.S. lawyers had proposed a success fee in the amount of $75 million, if they could get the Department of Justice to drop its investigation into the 1MDB “quickly.”
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Blog
Wells Fargo continues to trip on itself
Wells Fargo cannot seem to get out of its own way to begin to move forward. Now, the bank is facing a whistleblower lawsuit and investigation by the Consumer Financial Protection Bureau for closing fraud victims’ accounts without investigating potential criminal activity, a violation of law.
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Blog
FASB fixes financial instruments, proposes fix to cloud costs
FASB has finalized some technical corrections to its standard on financial statements and proposed new guidance on accounting for certain cloud computing costs.
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Blog
CFPB launches public review of complaint database
Continuing a top-down reassessment of operations and policies, the CFPB has settled on its next review target: its controversial complaint database.
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Blog
Chief accounting officer at Oaktree Capital leaving
Susan Gentile, chief accounting officer at Oaktree Capital, has announced her resignation from the company, effective March 23, to pursue other career opportunities.
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Blog
Exterran FCPA investigation ends without enforcement action
Exterran said it will not face an enforcement action following a Foreign Corrupt Practices Act investigation, but an SEC investigation related to circumstances giving rise to a previous restatement is continuing.
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Blog
Australia rolls out real-time payments
Australia has publically launched its New Payments Platform, a landmark payments industry initiative designed and constructed to fundamentally improve how consumers, companies, and governments transact with one another.
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Blog
Deloitte settles claims tied to mortgage lender collapse
Deloitte will pay $149.5 million to settle claims with the Justice Department over its audit work at Taylor, Bean & Whitaker, a mortgage lender that collapsed in 2009.
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Blog
Grant Thornton names chief compliance officer
Grant Thornton has named Beatrix Bernauer as the firm’s chief compliance officer. In this role, she will oversee the firm’s enterprise compliance program and manage ethical and regulatory compliance issues.
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Blog
Legislation seeks to end to secrecy in workplace harassment settlements
Earlier this week, bicameral legislation, the Sunlight in Workplace Harassment Act, was filed. It would require publicly-traded companies to disclose workplace harassment and discrimination settlements.
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Blog
DoJ creates Prescription Interdiction & Litigation Task Force
The Department of Justice has established a Prescription Interdiction & Litigation Task Force to deploy and coordinate criminal and civil law enforcement tools to tackle the opioid epidemic, with a particular focus on opioid manufacturers and distributors.
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Blog
DoJ to file ‘Statement of Interest’ in cases against opioid makers, distributors
The Department of Justice this week announced it will be filing a Statement of Interest in a multi-district action regarding hundreds of lawsuits against opioid manufacturers and distributors.
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Blog
Democrats seek insider trading evidence at Education Department
Suspicious stock trades may have been timed to Education Department announcements, a letter from Senate and House DEmocrats allege in a letter to Secretary of Education Betsy DeVos.
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Blog
Ethics lapse forces NLRB Board to vacate joint employee standards
The National Labor Relations Board, recently abating the longstanding confusion over who is designated as a joint employer and why, is right back at the drawing board with an administrative move that puts the old Browning-Ferris standard for joint employment back into effect.