All Compliance Week articles in Web Issue – Page 458
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Blog
Duff & Phelps creates new business post-Kroll acquisition
Finance services firm Duff & Phelps has formed a new business unit following its recently completed acquisition of Kroll. The Governance, Risk, Investigations and Disputes practice combines Duff & Phelps’ expertise in disputes and investigations with Kroll’s extensive investigations, cyber-security, due diligence, and compliance skills.
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Blog
ABBYY launches Text Analytics for Contracts
ABBYY, a global provider of content intelligence solutions and services, recently announced the launch of ABBYY Text Analytics for Contracts, a managed service that automatically discovers insights from contracts and leases to speed up risk mitigation, obligation analysis, and content migration.
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Resource
Understanding OFAC: A Best Practices Compliance Guide for All Businesses
Image: Download this white paper, Understanding OFAC: A Best Practices Compliance Guide for All Businesses, to learn how you can enhance your compliance programs and mitigate potential risks.
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Article
The compliance challenges of cross-border deals
We recently spoke to Ricardo Garcia-Moreno, a partner with Haynes & Boone, about the opportunities, challenges, and compliance concerns that come with cross-border deals.
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Blog
German authorities fine Volkswagen $1.2B for emissions-cheating scandal
German authorities on Wednesday fined Volkswagen a total of €1 billion (U.S. $1.2 billion) resulting from the company’s long-running emissions-cheating scandal.
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Blog
Judge rejects government efforts to block AT&T, Time Warner deal
After months of legal sniping and a six-week trial, a federal judge has approved AT&T’s $85 billion acquisition of Time Warner.
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Blog
SAB 74 disclosures still lag, PwC analysis shows
Investors are not getting much warning about assets and liabilities soon to hit corporate balance sheets as companies prepare to adopt new lease accounting rules.
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Blog
FinCEN issues advisory on abuses enabled by political figures
The Financial Crimes Enforcement Network has issued an advisory to U.S. financial institutions to highlight the connection between corrupt senior foreign political figures and their enabling of human rights abuses.
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ArticleCompliance officers in Europe: You’re in demand and getting a raise
According to recent studies, there is a high demand in Europe for chief compliance officers, and companies are willing to pay big bucks for top talent.
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Blog
Westpac names new chief risk officer
Australian financial services company Westpac has appointed David Stephen as its new chief risk officer.
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Blog
Net neutrality is dead, but battles rage on
The era of “net neutrality” has ended. On Monday, the Federal Communications Commission’s Restoring Internet Freedom Order went into effect. Battles are already afoot to restore the former status quo.
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Blog
OFAC: Ericsson settlement agreement imparts sanctions compliance lessons
In its first enforcement action of 2018, the U.S. Treasury Department’s Office of Foreign Assets Control on June 6 reached a $145,893 settlement agreement with Swedish telecom company Ericsson for violating Sudanese sanctions regulations.
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Blog
Senators want scrutiny of Trump tweet on unemployment data
Democratic senators wants regulators to investigate whether “President Trump’s reckless comments on market-moving economic data" was a catalyst for insider trading. On June 1, Trump tweeted about positive employment numbers before the data went public.
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Blog
SEC’s Jackson urges a review of stock buyback rules
SEC Commissioner Robert Jackson is voicing his concerns about corporate stock buybacks and says research produced by his staff “raises significant new questions about this activity.” He wants the Commission to reconsider existing rules.
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Blog
Merrill Lynch to pay $15M for failure to supervise RMBS traders
The SEC announced on June 12 that Merrill Lynch will pay more than $15 million to settle charges that its employees misled customers into overpaying for Residential Mortgage Backed Securities.
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Article
EU accepts proposals to boost powers of states’ competition regulators
The European Union has given member states the necessary resources and the independence to investigate and penalize companies that break EU competition laws, but a lack of consistency among the states could lead to confusion.
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Article
Tenure disclosure puts new pressure on audit committees
Now that audit reports are beginning to disclose auditor tenure, audit committees face new pressure to give it careful consideration in retention decisions.
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Blog
The ZTE Department of Commerce Monitor: uncharted waters
As part of the resolution to free itself from a U.S. sanction, ZTE has agreed to the unique position of having a court-appointed monitor and one from the Department of Commerce, leading to concerns of a clash of ideas and authority.
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Blog
Business justification for the use of third parties
Why is business justification for third parties so important? With the Department of Justice, Securities and Exchange Commission, and Internal Revenue Service all seeking such justification, companies should definitely make it part of the compliance process.
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Blog
Best practices: Hiring a business sponsor for third-party relationships
A significant piece of the compliance regime is overseeing third-party business relationships, and the best way to keep them on track is to employ the business sponsor.