All Compliance Week articles in Web Issue – Page 435
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Resource
Achieving Holistic AML
When it comes to customer risk, do your teams have the visibility they need to prevent an anti-money laundering (AML) violation?
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Blog
Venerable Holdings appoints chief risk officer
Venerable Holdings—a privately held company that owns and manages the legacy variable annuity business acquired from Voya Financial—has appointed Charles Schwartz as chief risk officer.
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Blog
UTC to pay $13.9M to settle SEC FCPA charges
United Technologies on Sept. 12 reached a $13.9 million settlement with the Securities and Exchange Commission to resolve charges that it violated the Foreign Corrupt Practices Act by making illicit payments in its elevator and aircraft engine businesses.
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Blog
Vanguard appoints global chief risk officer
Vanguard, an investment management company, has appointed Joseph Brennan to the newly created position of global chief risk officer. He also will serve as a member of Vanguard’s senior leadership team.
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ArticleCCOs and the absurdity of executive hypocrisy
The beauty of being in the compliance field (or writing about it) is that within any day’s news cycle, there are lessons to learn and debates to be had. This past week has been chock full of both.
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Article
Tackling the contentious issue of guidance vs. regulation
For years, a battle over the place of guidance in the regulatory world has been hotly debated. Now, there may be some clarity.
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Article
New SFO director will leverage compliance officers’ expertise
Head of the Serious Fraud Office Lisa Osofsky laid out her priorities for the agency in the coming months and provided CCOs a glimpse into what the SFO will expect.
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Blog
Still MIA: 2016 inspection report on KPMG
Audit regulators remain mum on when, if ever, they will publish a report on their 2016 inspection of Big 4 audit firm KPMG.
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ArticleSEC, FASB issue changes aimed at simplifying disclosure requirements
Companies need to update their disclosure controls and procedures now that the SEC and FASB are starting to trim unnecessary bulk out of disclosure requirements.
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Blog
Barbara Boehler joins Compliance Week as Director of Programming
Compliance Week on Monday announced the hiring of Barbara Boehler as its new Director of Programming. She will play a leading role in planning all live CW events in addition to developing in-depth reports, surveys, and Webinars.
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Blog
CFPB, amid controversy, names new advisory committees
The Consumer Financial Protection Bureau has announced the appointment of new experts from outside the federal government to the Consumer Advisory Board, Community Bank Advisory Council, and Credit Union Advisory Council.
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Article
Vocabulary to add to your compliance lexicon
A quick look at of some of the terminology associated with emerging technology and its application to governance, risk, and compliance. Instead of organizing this glossary alphabetically, we’ve started with the simplest terms before moving to more complex ones.
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Blog
Moody’s to pay $16.25M for internal controls failures and ratings symbols deficiencies
The SEC has filed its first-ever enforcement action involving rating symbol deficiencies, hitting Moody’s Investors Service with $16.25 million in penalties to settle charges involving internal control failures and failing to clearly define and consistently apply credit rating symbols.
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Blog
Tesla chief accounting officer splits after one month on the job
Tesla has yet another person to add to its list of quick departures: After just one month of being on the job, Tesla’s chief accounting officer, Dave Morton, provided notice that he was resigning from Tesla, effective immediately.
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Blog
FASB takes red pen to rules on financial instruments
The Financial Accounting Standards Board is planning a number of updates to accounting standards around all three of its major new standards on financial instruments.
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Article
New guidance (somewhat) relaxes federal contractors’ compensation audits
The Labor Department’s Office of Federal Contract Compliance Programs has released a new directive outlining the agency’s procedures for reviewing contractor compensation practices that promises “greater transparency, consistency, and efficiency in compliance evaluations.”
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Blog
Entities plead for tax guidance on depreciation, losses
Nearly 300 companies and associations signed a letter to the U.S. Treasury asking for guidance to edit what they call drafting errors in the Tax Cuts and Jobs Act.
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Article
Congressional debate emerges: How to regulate social media
Fueled by election tampering and “fake news,” social media companies are creeping ever closer to facing new regulation.
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Blog
SEC awards $54M to two whistleblowers
The Securities and Exchange Commission today announced it is awarding $54 million to two whistleblowers, whose critical information and continued assistance helped the agency bring an enforcement action.
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Blog
U.S. Bank names chief risk officer
U.S. Bank has namedJodi Richard as its new vice chairman and chief risk officer, overseeing the company’s risk management and compliance efforts.