All Compliance Week articles in Web Issue – Page 531
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Blog
European Commission fines Google €2.42 billion for antitrust violations
The European Union’s antitrust watchdog this week fined Google a record €2.42 billion for breaching EU antitrust rules.
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Blog
RiceBran Technologies names chief accounting officer
RiceBran Technologies, a food and animal feed ingredient company, has appointed Dennis Dykes as chief accounting officer. He reports directly to RBT's Chief Financial Officer Brent Rystrom.
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Blog
Doubt creeps in on ability to adopt lease rules on time
Another new poll says public companies are starting to freak out over how they’ll meet the 2019 effective date to adopt new lease accounting rules.
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Resource
Under one agile umbrella: An approach to managing financial crimes risk
This paper discusses some of the regulatory drivers that are encouraging an integrated approach, the benefits of structural integration, and a road map to embark on this journey.
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Blog
New machine-learning algorithm protects data against insider threats
Imperva recently launched a new algorithm to automatically place individuals and their cross-functional peers into “virtual” working groups based on interactions with enterprise files to identify unusual user access patterns and help protect data against insider threats.
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Article
Former RBS CEO, ‘Fred the Shred’ avoids trial, for the moment
A long-standing shareholder lawsuit against the Royal Bank of Scotland calls out a long-standing history of extremely poor governance at the troubled financial institution.
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Article
Ireland takes baby steps toward protecting whistleblowers
No country has a perfect record when it comes to protecting whistleblowers, but Ireland is trying to take steps in the right direction, even if progress remains uneven.
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Article
Proposed rules would shore up auditing of estimates
Proposed new rules for auditors could lead to more documentation and evidence requests around accounting estimates—or not—depending on how auditors have already adapted.
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Article
Choosing a sound path forward for cyber-security
When it comes to cyber-security risk management, let’s pursue a flexible, principles-based approach—and avoid a road to nowhere paved with layers of compliance requirements.
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Article
Getting ready for GDPR
Steve Durbin, managing director of the Information Security Forum, talks about how GDPR is essentially a new global standard for data management and how complying with it is actually a blessing in disguise.
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Article
Right place at the right time? Or insider information?
Tom Tropp, the Practical Ethicist, draws on the concept of yin and yang to look at what we must do and what we should do, using insider information as an example.
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Article
New DoJ policy limits settlement relief options
For years, companies facing regulatory settlements had the option of delivering payments to non-governmental third parties as part of their punishment. No longer.
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Blog
Bank of England raises capital requirements for U.K. banks
The U.K. Financial Policy Committee this week published its latest Financial Stability Report, which sets out its views on the U.K. financial system’s stability and an assessment of any risks to it.
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Article
What would the regulators do?
A recent Senate Banking Committee hearing on “Fostering Economic Growth” showed that regulators are not entirely opposed to a regulatory rollback. Their thoughts are inside.
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Article
SEC ponders public comments as fiduciary rule takes root with overseers
While the Labor Department and SEC are headed for a showdown over a fiduciary duty rule, another player has entered the mix: the CFP Board.
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Blog
London bank official jailed for taking bribes
A U.K. court on 20th June sentenced a former London bank official to six years in prison for accepting more than £2million in bribes in return for approving large loans.
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ArticleAustralia mulls Modern Slavery Act
‘Land Down Under’ formalizes efforts to attack supply chain slavery issues and human trafficking.
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Blog
New poll suggests slow uptake of new lease accounting rules
A new poll suggests nearly one-fourth of companies are not yet preparing to comply with new lease accounting standards that begin to take effect in 2019.
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Blog
Bank of the West names chief compliance officer
Bank of the West, a regional financial services company headquartered in San Francisco with $83.8 billion in assets as of March 31, has appointed Karin Lockovitch as its new chief compliance officer. She will be responsible for overseeing bank compliance with regulatory requirements and with internal policies and procedures.