All Compliance Week articles in Web Issue – Page 470
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Blog
AxiomSL launches regulatory education program for asset managers, broker-dealers
AxiomSL, a global provider of regulatory reporting, risk, and data management solutions, recently announced the launch of a program designed to assist asset management firms and broker-dealers clarify issues related to the shifting regulatory environment.
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Blog
Is audit quality essentially a people problem?
Where there are problems with audit quality, it appears to be more of a problem with people than with institutional approaches to audit work.
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Blog
FinCEN escalates crackdown on shell companies
The Financial Crimes Enforcement Network has expanded efforts to require that title insurance companies identify the true owners behind shell companies used to pay for high-end real estate.
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Blog
SEC releases first fee rate advisory for FY 2018
The SEC has announced the new rate for fees that public companies and other issuers pay to register their securities. The rate, for fiscal year 2018, is $124.50 per million dollars.
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Blog
Killing the SEC and other plans to redraft regulatory agencies
The Competitive Enterprise Institute has responded to a White House Executive Order with new proposals to redraft and refocus regulatory agencies. Eliminating the SEC and FDIC are among the not-so-modest proposals.
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Blog
CMS considers trimming medical care rulebook
CMS, the agency that administers Medicare and other health insurance programs, is talking to medical professonals in an effort to reduce burdensome and unecessary rules, says Administrator Seema Verma.
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Blog
EPA head urges cattlemen to denounce WOTUS rule, support repeal
EPA Administrator Scott Pruitt appears in a new video that urges the nation’s cattlemen to support and comment on a proposal to repeal the controversial Waters of the United States rule.
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Blog
A dire warning from White House’s cyber-security advisers
The National Infrastructure Advisory Council, a cyber-security task force that advises the White House, says national cyber-security efforts are “falling short," in a new report. It provides recommendations for both the public and private sectors.
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Blog
Icahn bids adieu as Trump’s unofficial deregulation guru
Pressured by allegations of conflicts of interest, billionaire investor Carl Icahn has resigned from his role as a special advisor to President Donald Trump on deregulatory efforts.
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Blog
SEC rescinds historic guidance under new revenue rule
The SEC is telling companies its historic staff guidance on revenue recognition will not trump the new revenue standard when it takes effect in 2018.
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Article
Banks wrangle models, data in early stages of CECL prep
As most public companies deal with revenue recognition and lease accounting changes coming in 2018 and 2019, the banking sector is trying to tame an even bigger beast.
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Article
Compliance remedies for new sanction headaches
Compliance officers will want to reevaluate their trade sanction compliance policies, following new sanctions legislation signed into law this month.
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Article
Executing a sound GDPR data management strategy
If companies understand just one message between now and when the EU’s GDPR comes into force next year, that message is simply this: Clean up your data.
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Blog
OCC issues higher-loan-to-value lending guidance
The Office of the Comptroller of the Currency has released new guidance intended “to spur community revitalization" with the prudent and appropriate use of higher-loan-to-value lending.
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Blog
Scam and money laundering puts former Wells Fargo manager in jail
A former Wells Frago bank manager is headed to jail for his role in a $1.66 million mass mailing scam that was facilitated with a money laundering scheme.
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Blog
Medical device CEO convicted of $750 million securities fraud
A federal jury has convicted the former chief executive officer of a publicly traded medical device compan for his role in orchestrating a fraud scheme that led to $750 million in shareholder losses.
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Blog
Mylan will pay $465 million to resolve False Claims Act liability
Mylan, maker of the EpiPen, has agreed to pay $465 million to settle Department of Justice allegations that it violated the False Claims Act by misclassifying the epinephrine injector as a generic drug to avoid paying Medicaid rebates.
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Blog
Hedge fund adviser charged with inadequate insider trading controls
A hedge fund advisory firm has agreed to pay more than $4.6 million to settle SEC charges that it had inadequate policies and procedures to prevent the misuse of inside information, including information about confidential government decisions.
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Blog
NLRB compliance officer fabricated victims, stole from compensation fund
A former NLRB compliance officer pleaded guilty this week to charges he stole more than $400,000 from an agency fund he oversaw that was intended to distribute funds to employees victimized by labor law violations.
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Blog
New study shows more audit committee disclosure
A recent study of Fortune 100 proxy materials shows audit committees continue to voluntarily explain their oversight of the external audit.