All Compliance Week articles in Web Issue – Page 475
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Article
GDPR compliance is lagging
A survey says many firms are nowhere near ready to comply with the new EU data privacy standard. CCOs should consider people, processes, technology, and data when building a GDPR solution.
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Article
Is the European Union out to get Google?
While it might seem as if the European Union has it in for Google, a search of its open cases will reveal that it has its sights set on more than just the search engine firm.
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Article
Rhetoric begins to shift to regulatory easing
While members of the Trump Administration wave off persistent critics, rule changes are starting to take root, notably for the Volcker rule.
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Article
SEC’s consolidated audit trail at risk again, this time by funding
Developed as a database to monitor markets and prevent flash crashes, the SEC’s consolidated audit trail has a big, new roadblock.
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Blog
SEC seeks comment on PCAOB’s ‘critical audit matter’ rule
Companies with any lingering worries about the impending effects of a new audit report have one last opportunity to appeal for change.
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Blog
Netherlands, not Bermuda, is the tax evasion capital of the world
The Netherlands, the U.K., Ireland, Singapore, and Switzerland are the world's leading conduit offshore financial centres, funnelling money from one point to another for the purposes of tax evasion.
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Blog
Financial Conduct Authority seeks views on AML supervision
The Financial Conduct Authority has launched a consultation regarding the government-proposed Office for Professional Body AML Supervision, which sets out draft expectations about how professional body supervisors can meet their AML supervision obligations.
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Blog
Auto loans are the latest headache for embattled Wells Fargo
Wells Fargo will pay millions to resolve issues with its auto loan customers who were harmed due to issues related to collateral protection insurance policies.
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Blog
Net1: Department of Justice closed FCPA probe
Net1 UEPS Technologies, a Johannesburg, South Africa-based provider of alternative payment systems, last week received a letter from the Criminal Division's Fraud Section of the U.S. Department of Justice advising the company that it has closed its investigation concerning possible violations of the Foreign Corrupt Practices Act.
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Blog
SEC awards more than $1.7M to whistleblower
The SEC last week announced a whistleblower award of more than $1.7 million to a company insider who it said provided the agency with critical information to help stop a fraud that would have otherwise been difficult to detect.
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Blog
Halliburton settles FCPA case for $29.2M
Oil field services giant Halliburton today reached a $29.2 million settlement with the SEC over charges that it violated the books and records and internal accounting controls provisions of the Foreign Corrupt Practices Act concerning payments tied to Angola.
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Blog
Prudential names chief ethics officer
Prudential Financial has named Julie Gershman, vice president of global business ethics and integrity, as its new corporate chief ethics officer.
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Blog
SEC Investigative Report: Digital assets are securities
The Securities and Exchange Commission issued an investigative report this week cautioning market participants that offers and sales of digital assets by “virtual” organizations are subject to the requirements of the federal securities laws.
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Blog
Newmont Mining FCPA case ends in declination
Newmont Mining said in a quarterly filing this week that it will not be facing an enforcement action from the Department of Justice regarding a previously disclosed investigation into potential violations of the Foreign Corrupt Practices Act.
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Blog
SEC awards $2.5 million to whistleblower
The Securities and Exchange Commission this week announced an award of nearly $2.5 million to an employee of a domestic government agency whose whistleblower tip helped launch an SEC investigation and whose continued assistance enabled the SEC to address a company's misconduct.
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Blog
Proof in the pudding? Trump's deregulation efforts by the numbers
The newly released Unified Agenda of Federal Regulatory and Deregulatory Actions illustrates the torrid pace of rule-slashing engaged in by the Trump Administration. Another takeaway: don't expect lingering Dodd-Frank rulemaking to reappear any time soon.
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Blog
Fracking rules on chopping block
As part of President Trump’s stated goal to encourage domestic energy production, the Bureau of Land Management is planning to rescind 2015 rules regarding fracking. The requirements have yet to go into effect due to legal challenges.
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Blog
House votes to nix CFPB’s arbitration ban
With a party-line vote, Republicans in the House of Representatives have rallied with a vote to repeal the CFPB's recent ban on mandatory arbitration agreements. The repeal effort now moves onto the Senate for a vote.
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Blog
Labor Department will rethink lingering overtime rule
The Department of Labor has published a Request for Information regarding a controversial overtime rule, a holdover from the Obama Administration. The agency is seeking public comments about the rule and who is, or is not, entitled to overtime pay.
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Blog
OCC names chief risk officer
The Office of the Comptroller of the Currency has named William Rowe as chief risk officer, effective immediately. Rowe fills the position vacated by Linda Cunningham, who retired in April.