All Compliance Week articles in Web Issue – Page 498
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Blog
LafargeHolcim CEO latest victim of non-compliance
LafargeHolcim CEO Eric Olsen will resign on 15 July this year, in response to the company’s enquiry into the conduct of its Syrian subsidiary between 2010 and September 2014, in which the subsidiary did business with terrorists who had taken control of the territory surrounding the LafargeHolcim’s cement plant.
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Resource
The Compliance Journey: Boosting the value of compliance in a changing regulatory climate
Title: The Compliance Journey: BoostiTo understand how organizations view the maturity of their compliance programs, KPMG surveyed CCOs from major organizations across seven industries. These Survey results can provide CCOs with vital information on areas of relative strength and areas for further enhancement.
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Blog
BRF executives charged in ‘Operation Weak Flesh’ probe
Brazilian food company BRF confirmed in a statement that two of its executives were among those arrested and charged with taking part in a widespread corruption scandal, dubbed “Operation Weak Flesh.”
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Blog
Department of Justice vows to speed up FCPA investigations
A U.S. Department of Justice official said in remarks that the agency is making a “concerted effort” to speed up the pace of FCPA investigations and that the agency expects cooperating companies to do the same.
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Blog
Volkswagen AG sentenced in emissions-cheating scandal
A federal court in Detroit has sentenced Volkswagen AG in connection with a decade-long scheme to sell diesel vehicles containing software designed to cheat U.S. emissions tests. As part of the plea agreement, VW will pay a $2.8 billion penalty.
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Blog
FBI cyber leader joins FTI Consulting
FTI Consulting, a global business advisory firm, announced that Anthony Ferrante, former Director for Cyber Incident Response at the U.S. National Security Council and Supervisory Special Agent at the Federal Bureau of Investigation, has joined the firm’s Global Risk & Investigations Practice within its Forensic & Litigation Consulting segment as ...
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Blog
NICE Actimize: New behavioral analytics solution detects hidden threats
NICE Actimize, a NICE business and a provider of financial crime, risk, and compliance software for the financial services industry, this month introduced its new Holistic Behavioral Analytics Solution designed to help financial institutions uncover conduct-related threats that traditional analytics are not designed to detect.
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Blog
SWIFT: New payment controls service bolsters cyber-crime controls
SWIFT, a global member-owned cooperative and a provider of secure financial messaging services, announced a new real-time payment controls service to complement and strengthen its customers’ existing fraud controls.
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Blog
Allied Irish Banks names new chief risk officer
Allied Irish Banks has appointed Deirdre Hannigan as chief risk officer, effective April 24. Hannigan joins AIB from the National Treasury Management Agency, where she was chief risk officer.
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Blog
Federal Home Loan Bank San Francisco names chief risk officer
The Federal Home Loan Bank of San Francisco has appointed Lisa Violet as senior vice president and chief risk officer.
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Blog
Falcon Group appoints chief risk officer
Falcon Group, a Swiss private banking boutique, has appointed Bruno Meyer to the newly created role of chief risk officer and a member of the executive board, effective July 1.
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Blog
Hearing scheduled for CHOICE Act’s attack on Dodd-Frank Act
The House Financial Services Committee will hold a hearing next week on the Financial CHOICE Act, a legislative package, sponsored by Rep. Jeb Hensarling (R-Texas) as a means to repeal and replace a large swath of the Dodd-Frank Act.
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Blog
OCC details mistakes with Wells Fargo supervision
An internal review conducted by the Office of the Comptroller of the Currency details supervisory shortcomings related to malfeasance at Wells Fargo. Among the problems: all but ignoring more than 700 whistleblowers.
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Blog
Restatement study will show second year of decline in 2016
Restatements in 2016 experienced a drop of 11 percent one year after dropping 12 percent and following a stubborn leveling off from 2008 to 2014, showing another year of incremental improvement in financial reporting.
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Blog
EPA head touts ‘back-to-basics’ agenda
During a recent speech, President Donald J. Trump’s pick to head the EPA announced a "back to basics" agenda and plans to undo rules promulgated during the previous administration.
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Blog
Reform initiatives underway at the FTC
The Federal Trade Commission is committing to the Trump Administration’s efforts to streamline government agencies. It has announced a new, in-house review.
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Blog
State AGs defend White House's regulatory reductions
A coalition of Republican attorneys general is supporting the Trump Administration’s regulatory rollbacks amid a lawsuit that challenges the legality of an Executive Order directing agencies to repeal two regulations for every new rule issued.
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Blog
'Buy American, hire American,' is focus of White House order
The latest Executive Order issued by the Trump Administration targets trade deals and immigration policies it says "unfairly place American companies and workers at a disadvantage." Among the matters specifically targeted, H-1B visas.
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Blog
CAQ, others issue update to auditor assessment tool
Audit committees have an updated tool available for use to help them assess their external auditors, courtesy of a collaborative group of advocates for audit quality.