All Compliance Week articles in Web Issue – Page 582
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Blog
Calvert Investments appoints chief compliance officer
Calvert Investments has appointed Jason Rosenberg as chief compliance officer for the investment advisor and broker-dealer. Rosenberg is the latest in a series of recent hires by Calvert to ensure a strong culture of compliance.
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Blog
EU calls for corporate tax transparency
Image: The European Commission has proposed rules requiring multinational companies currently active in the EU’s single market with a permanent presence in the European Union and with a turnover in excess of EUR 750 million a year to disclose publicly the income tax they pay within the European Union, country ...
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Blog
PwC elects Tim Ryan new U.S. chairman
Image: /*-->*/ PwC has appointed former audit leader Timothy Ryan as its new U.S. chairman for a four-year term. Ryan succeeds Bob Moritz, another former audit leader who was recently appointed global chairman of PwC after two terms as U.S. chairman. Ryan has served since 2013 ...
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Article
Special report: Are FCPA actions merely a slap on the wrist?
Companies on the receiving end of an FCPA enforcement action often face monitoring, fines, and litigation as a result. But many times, what they don’t experience is a drop in their share price. In fact, among the largest FCPA violations on record, many companies saw no drop in share price. ...
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Blog
PCAOB proposes new rules for supervising outside audit work
The PCAOB is changing the rules on how audit firms must manage the outside auditors they hire to help with audit work. The board has proposed for public comment a new standard and amendments to existing standards to direct auditors on how they must evaluate and supervise the work of ...
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Article
Regulators explore what’s wrong with audit supervision
Image: Audit supervision in general and auditing firm staffing levels and management structure in particular are under scrutiny as an old question surfaces: How can audit firms improve the quality of their own systems? “There is this inference that we keep finding engagements where we think the auditing standards aren’t ...
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Blog
AMU co-chief Marshall Sprung announces departure from SEC
Marshall S. Sprung, co-chief of the SEC Division of Enforcement’s Asset Management Unit, is leaving the agency after 13 years of service. Sprung's co-chief, Anthony Kelly, will continue to lead the unit following Sprung’s departure later this month.
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Article
Even with concessions, Labor Department’s fiduciary rule is still controversial
The Department of Labor has finalized a new rule that requires retirement investment advisers to meet a fiduciary standard and eliminate conflicts of interest with their clients. Although several notable concessions worked their way into the final rule, CW’s Joe Mont says to expect continued controversy as advisers struggle with ...
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Event
Supply Chain Management: Strategy and Planning for Effective Operations
ChicagoChicago, IL 11111United States
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Blog
SEC obtains settlement in kickback scheme
Seven individuals from broker-dealer Direct Access Partners settled charges with the SEC last week for their role in a massive kickback scheme to secure the bond trading business of a state-owned Venezuelan bank. As Compliance Week previously reported, the SEC and Department of Justice unsealed criminal charges in May 2013 ...
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Resource
e-Book: Ensuring confidence in your ethics training program
Most compliance and ethics officers are fairly confident about the content of their ethics training programs. It's delivering it in a way that keeps employees engaged that can be the hard part. In this e-Book, produced by Compliance Week in cooperation with NYSE and Second City, we try to cut ...
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Blog
SEC forgoes Supreme Court appeal for conflict minerals rule
The SEC had until April 7 to defend its controversial conflict minerals rule by appealing to the Supreme Court. While many watched for the filing of a writ of certiorari on the deadline day, there was a twist: A decision to forgo a challenge was made, with little fanfare, last ...
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Blog
LockPath achieves ISO 27001 certification
LockPath, a provider of governance, risk management and compliance solutions, has achieved the ISO 27001 certification, an internationally recognized information security standard. Published by the International Standardization Organization, the certification is awarded to companies that have continually demonstrated a high level of information security management and the ability to protect ...
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Blog
Robert Wilson joins London office of Exiger as director
Exiger, a global regulatory and financial crime, risk and compliance firm, has appointed Robert Wilson as a director in the firm’s London office focusing on forensic accounting.
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Blog
Markit launches CTI Tax Solutions for Common Reporting Standard
Markit, a global provider of financial information services, has announced the launch of Markit CTI Tax Solutions for the Common Reporting Standard, which identifies tax residency and performs due diligence on customer accounts. The solution enables institutions to conduct due diligence through validating account data across existing books and records, ...
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Blog
Tenet appoints chief compliance officer
Tenet Healthcare has appointed Howard Hacker as chief compliance officer, effective May 2. He will succeed Vanessa Benavides, who left Tenet to assume the leadership of compliance and privacy operations at Kaiser Permanente.
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Blog
FinCEN fines Sparks Nugget casino $1 million for AML violations
The Financial Crimes Enforcement Network (FinCEN) recently slapped a $1 million civil money penalty on Sparks Nugget casino for willfully violated the anti-money laundering provisions of the Bank Secrecy Act. “Despite the fact that it hosted convicted embezzlers and had been repeatedly alerted to suspicious transactions by its own BSA ...