All Compliance Week articles in Web Issue – Page 443
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Article
As the FCPA turns 40, compliance officers reflect on its impact
Dec. 19 marks the 40th anniversary of the Foreign Corrupt Practices Act, prompting compliance officers to take stock of the overall effect FCPA enforcement has had on anti-corruption compliance programs.
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Article
Regulators skeptical of Uber’s work to fix breach processes
A look at the trials and tribulations of taxi-app company Uber: data breaches it tried to keep hidden, how they were exposed, what Uber is doing to fix operations.
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Article
Kobe Steel: “We are extremely sorry for our improper conduct”
The biggest question surrounding the recent scandal at Kobe Steel is: If you have all the right systems in place—culture of compliance, proper regulations, good quality control, and more—but admit you’ve largely ignored them, how do you convince customers and investors going forward that you’re ready to comply?
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Blog
Unsealed letter: Uber engaged in fraud, theft, espionage, more
Uber’s former manager of global intelligence, Richard Jacobs, claims to have observed a laundry list of illegal activities at Uber, including fraud, theft, espionage, and more.
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Blog
CFTC launches virtual currency resource web page
The Commodity Futures Trading Commission announced the launch of a new virtual currency resource Web page, a central repository for CFTC-produced resources about virtual currency and is designed to educate and inform the public about these commodities, including the possible risks associated with investing or speculating in virtual currencies or ...
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Blog
What is risk?
Reports indicate the world’s largest cement manufacturer, LafargeHolcim is under investigation relating to its former operations in Syria.
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Blog
Putting a human face on the internal reporting process
Some lessons from two infamous whistleblowers: Daniel Ellsberg, who was responsible for the Pentagon Papers, and Wendy Addison, who spoke recently about her experiences in bringing to light fraud and corruption in LeisureNet Ltd. back in 2000.
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Blog
Is the FIFA brand toxic?
FIFA continues to present lessons for the compliance practitioner, and this one is straight-forward: if your organization is corrupt, other companies may well not want to do business with you going forward.
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Blog
Compliance in an economic downturn
In an economic downturn, there are two increasing compliance risks for companies that could make them in conflict with the 2012 FCPA enforcement guidance: (1) They eliminate compliance personnel in a cost-cutting attempt; (2) They neglect to invest monies needed to enhance monitoring or other mechanisms.
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Blog
Mapping your internal compliance controls
By mapping out the internal controls your company has in place to the indicia of the FCPA Enforcement Guidance’s Ten Hallmarks of an Effective Compliance Program and the 2013 COSO Internal Controls Framework, your company can ascertain what it has and what needs to be implemented.
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Blog
Marsh & McLennan Companies chief accounting officer to retire
Marsh & McLennan Companies, a global professional services firm, announced the appointment of Stacy Mills as vice president and controller, effective Jan. 1, 2018. In this role, Mills will serve as chief accounting officer and report to Chief Financial Officer Mark McGivney.
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Blog
KeyCorp chief risk officer to retire in 2018
Financial services company KeyCorp announced that Chief Risk Officer Bill Hartmann will retire in 2018. Filling this role will be Mark Midkiff, who will join the company on Jan. 22, 2018.
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Blog
Battle lines solidify ahead of ‘net neutrality’ vote
Amid still-growing controversy, the Federal Communications Commission is readying itself for a ‘public’ hearing on one of the most controversial topics it has ever weighed in on: “net neutrality.”
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Blog
Tax reform deal will set reporting scramble in motion
With a tax reform package all but complete, experts are alerting companies to get their tax records in order to prepare for a flurry of year-end transition activity.
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Blog
CFTC issues guidance on CTA registration requirements under MiFID II
The Commodity Futures Trading Commission’s Division of Swap Dealer and Intermediary Oversight this week issued interpretative guidance, clarifying commodity trading advisor registration requirements resulting from the European Union’s MiFID II research compensation provisions for investment managers.
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Blog
Announcing the FINRA Institute at Georgetown
The Financial Industry Regulatory Authority and Georgetown University’s McDonough School of Business have announced a partnership to deliver the FINRA Institute at Georgetown Certified Regulatory and Compliance Professional(CRCP) Program in Washington, DC.
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Blog
SEC appoints all new board to lead PCAOB in 2018
The SEC is cleaning house at the Public Company Accounting Oversight Board, appointing five new board members to take over the reins beginning in January.
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Blog
Atea Denmark attains ISO 37001 certification
Atea Denmark, a supplier of IT infrastructure and system integration in the Nordic and Baltic regions, has become the first organization in Denmark to attain the highest international anti-bribery certification, ISO 37001 – Anti-bribery management systems.
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Blog
Kraft Heinz names general counsel and corporate secretary
Food and beverage giant Kraft Heinz has named Rashida La Lande as its new global general counsel and corporate secretary, effective in mid-January 2018.
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Blog
Delayed inspection reports will show plateau in audit improvements
When reports begin to emerge on the latest inspection findings for the major audit firms, they will show no broad, appreciable improvements over the prior year.