All Compliance Week articles in Web Issue – Page 596
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Resource
Global Profiles of the Fraudster
Learn more about potential fraudsters, identifying fraud ‘red flags’, and how to implement more effective measures to manage the prevention and detection of fraud.
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Blog
VimpelCom Russia CEO resigns
Mikhail Slobodin, chief executive officer of VimpelCom Russia, will resign with immediate effect amid a corruption probe. As Jaclyn Jaeger reports, the Amsterdam-based telecommunications company is no stranger to bribery allegations.
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Blog
Taxonomy changes focus on helping consumers interpret data
FASB’s proposed 2017 U.S. GAAP Financial Reporting Taxonomy contains some changes that are meant to address concerns of users of XBRL-tagged financial statement data. Tammy Whitehouse has more.
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Blog
Former SEC Whistleblower Chief McKessy lands at law firm
Sean McKessy, the former first-ever chief of the SEC’s Office of the Whistleblower, is joining law firm Phillips & Cohen as a partner in its Washington, D.C. office. Bruce Carton has more.
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Blog
Compliance lessons keep coming from HP/Autonomy deal
HP’s legendarily bungled acquisition of U.K. software company Autonomy continues to provide valuable compliance lessons as well as one heck of a corporate governance horror story. Tom Fox reports.
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Blog
When good-intentioned sales incentives go bad
When do sales incentives move from the realm of legal to the realm of the nefarious? When do company communications become so code-word laden as to demonstrate corrupt intent? Tom Fox explores this latest trend that occurred at Fiat-Chrysler.
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Blog
AstraZeneca settles FCPA case with SEC for $5.5M
Biopharmaceutical-company AstraZeneca has reached a $5.5 million settlement with the SEC to settle claims that it violated the Foreign Corrupt Practices Act by making improper payments to state-controlled healthcare providers in China and Russia. Jaclyn Jaeger reports.
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Blog
Compliance Week will publish one day late this week
Compliance Week will publish one day late this week on Wednesday, Sept. 7, due to the Labor Day holiday.
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Blog
Internationalization of football and anti-corruption enforcement
Tom Fox explores the recent bid by a Chinese state-controlled investment fund to purchase the Liverpool Football Club and how it will be impacted by the U.K. Bribery Act.
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Blog
Trump’s border wall could be muy malo for bank CCOs
A key talking point of Republican Donald Trump’s campaign is to build a wall along the U.S./Mexico border, forcing Mexico to fund it. That plan, however, says Joe Mont, could mean added compliance burdens for banks and an expansion of Know Your Customer protocols.
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Blog
SEC wants more hyperlinks in registration statements and periodic reports
SEC proposed rule amendments would require registrants that file registration statements and periodic reports subject to Regulation S-K’s exhibit requirements to include a hyperlink to each exhibit listed in the index of their filings. More from Joe Mont.
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Blog
To ease fears, agencies address correspondent banking ‘myths’
Federal banking regulators have authored a “fact sheet” intended to clarify supervisory and enforcement activities that focus on the money laundering and sanctions compliance risks that may arise with correspondent banking relationships. Joe Mont has more.
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Blog
Silicon Valley Bank appoints chief risk officer
Silicon Valley Bank, a U.S.-based high-tech commercial bank with offices in a number of other countries, has hired Laura Izurieta as the company's new chief risk officer.
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Blog
2015 audit inspections show some gains, some blown opinions
The PCAOB’s earliest 2015 inspection results show some reductions in deficient audits, but also increases in restatements and withdrawn opinions. More from Tammy Whitehouse.
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Blog
PCAOB issues 2014 report on Grant Thornton, showing gains
The PCAOB has published its last 2014 inspection report on the eight largest firms, showing gains at Grant Thornton from a year prior and slight improvement across major firms. Tammy Whitehouse reports.
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Blog
European Commission slams Apple with €13 billion tax bill
The EC has concluded that Ireland gave illegal tax benefits to Apple that were worth up to €13 billion (roughly $14.6 billion U.S.) and wants the money repaid. The decision could have implications for other companies, including Amazon, Google, and McDonald’s, facing scrutiny for what they pay in European taxes. ...
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BlogEuropean Medicines Agency issues draft guidance on data integrity
The European Medicines Agency and the Pharmaceutical Inspection Co-operation Scheme have released draft guidance for pharmas on how to maintain data integrity during testing, manufacturing, packaging, distributing, and monitoring of medicines. Jaclyn Jaeger reports.
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Blog
SEC's $22 million award to whistleblower pushes program's total over $100 million
The SEC’s Office of the Whistleblower has been cranking out major awards all summer—the latest an award of more than $22 million—which means, says Bruce Carton, the whistleblower program has surpassed $100 million.
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Article
Survey: Anti-bribery compliance with ISO 37001 lagging
A joint survey conducted by Compliance Week and STEELE Compliance Solutions reveals that most compliance officers still have a lot of work to do if their anti-bribery compliance programs are to satisfy ISO 37001 certification. Jaclyn Jaeger reports.
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BlogFAA approves rules for commercial drone flights
New Federal Aviation Administration regulations governing commercial use of drone flights are now in effect. Experts say they could generate more than $82 billion for the U.S. economy and create more than 100,000 jobs over 10 years. Joe Mont reports.