All Compliance Week articles in Web Issue – Page 438
-
Blog
Report stage begins on Sanctions and Anti-Money Laundering Bill
The Sanctions and Anti-Money Laundering Bill began its report stage this week, offering further opportunity to examine the bill and make changes. Two amendments to the bill were made.
-
Blog
Disclosures will be key under new revenue rule, group says
Accounting leaders recognize companies will have to be vigilant in fulfilling various disclosure obligations as they transition to new revenue recognition rules.
-
Blog
FCA issues list of unauthorised binary options providers
The U.K. Financial Conduct Authority this month published a list of 94 firms believed to be offering binary options trading to U.K. consumers without FCA authorisation. Since 3 January 2018, all firms trading in binary options need to be authorised by the FCA.
-
Blog
Wells Fargo still suffering financially from scandals
Wells Fargo is one of the poster children over what can happen when compliance is not taken seriously or perhaps not at all in an organization.
-
Blog
What is your investigation protocol?
If you follow this basic protocol from The Man From FCPA, you should be able to work through most investigations, in a clear, concise and cost-effective manner.
-
Blog
Non-monetary and indirect cost of a FCPA investigation
The Man From FCPA recently spoke with Dan Chapman, CEO of Presyse Compliance, about his experience with the non-monetary costs and indirect costs of a major FCPA investigations.
-
Resource
Goldmoney Case Study
Goldmoney uses IdentityMind to automate their KYC, Anti-Money Laundering, and Fraud Prevention activities. Our scalable solution allows uninhibited growth and our automation, machine learning, and easy-to-use rules allowed Goldmoney to focus on expanding their business.
-
Blog
Peirce, Jackson sworn in as SEC commissioners
Robert Jackson, a democrat, and Hester Peirce, a republican, were sworn in as SEC commissioners this week, filling two vacant seats that lingered as such through two presidential administrations.
-
Blog
Dime Community Bank names new chief risk officer
Dime Community Bancshares, the parent company of Dime Community Bank, announced the appointment of Christopher Porzelt as executive vice president and chief risk officer of the bank. He fills the role vacated by Timothy King, who retired.
-
Blog
Oh thank heaven?
Tom Fox explores the recent raids by agents from the U.S. Immigration and Customs Enforcement (ICE) of 7-Eleven stores across the country, looking for undocumented workers from an FCPA perspective.
-
Blog
FASB plans to change income classification under tax law
The FASB has decided it will fast-track a change to accounting rules to allow reclassification of the income tax effects of the recent tax reform law.
-
Blog
Was CFPB data collection freeze politically motivated?
Senator Elizabeth Warren (D-Mass.) is demanding answers from Mick Mulvaney, director of the Office of Management and Budget, over his decision to freeze the collection of consumer data by the Consumer Financial Protection Bureau.
-
Blog
Capital One to reshuffle chief risk officer role
Capital One Financial has named John Finneran as chief risk officer, for now. He will succeed Kevin Borgmann in this role, effective Feb. 1. Six months later, a new chief risk officer will take the helm.
-
Blog
Bill targets credit reporting agencies for consumer data leaks
The newly introduced Data Breach Prevention and Compensation Act is intended to hold large credit reporting agencies more accountable for data breaches. The bill would give the Federal Trade Commission greater supervisory authority over data security at CRAs.
-
Blog
MoneyGram merger is latest casualty of CFIUS, Chinese trade battle
MoneyGram and Ant Financial Services Group, an affiliate of China-based Alibaba, have mutually agreed to terminate their planned merger due to their rejection by the Committee on Foreign Investment in the United States. The rejection is the latest effort by the Trump Administran to curb corporate dealmaking with Chinee entities.
-
Blog
Dems turn to Congressional Review Act to save net neutrality
Congressional Democrats are teaming up in an effort to restore “net neutrality,” Obama era telecom policies that were vacated by the FCC in December, by using the Congressional Review Act.
-
Blog
Dem AGs demand Pruitt recusal from EPA attack on Clean Power Plan
Leading 19 states and municipalities, California Attorney General Xavier Becerra has submitted a 30-page comment letter to the Environmental Protection Agency citing due process violations arisinge from Administrator Scott Pruitt’s involvement in an effort to repeal the Clean Power Plan.
-
Article
How FASB can ease the tax law time crunch
While corporate America sorts through the most sweeping change in tax law in more than 25 years, one thing is becoming increasingly clear: Accountants have limited time to determine how financial statements should reflect the new law.
-
Article
Responding to ‘right of access’ requests under GDPR
The degree to which the General Data Protection Regulation limits access to EU citizens’ personal data will create enormous data compliance challenges for companies.
-
Blog
FCA fines and bans former RBS trader
The Financial Conduct Authority imposed a financial penalty of £250,000 on a former Royal Bank of Scotland interest rate derivatives trader, Neil Danziger, and prohibited him from performing any function in relation to any regulated financial activity.