All Compliance Week articles in Web Issue – Page 606
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Blog
FSOC releases sixth annual report, risk assessment
The Financial Stability Oversight Council has approved and released its 2016 annual report. Delivered each year to Congress, it addresses a range of issues, including financial market and regulatory developments and potential emerging threats to financial stability. Joe Mont explores.
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Use of non-GAAP grows in proxy statements
According to new information from Audit Analytics, recent statements and papers from regulators and advisory firms suggest a lack of compliance with non-GAAP accounting rules could be perceived as a key regulatory risk.
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Blog
FAA releases final drone rules
The Department of Transportation has finalized the first operational rules for commercial use of small (less than 55 pounds), unmanned aircraft systems, more commonly known as drones. Rules take effect in August and offer safety regulations for unmanned aircraft that conduct non-hobbyist operations. Joe Mont reports.
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Blog
Compliance fail: Chinese bank employees publicly spanked for poor performance
A disturbing video of a Chinese bank's effort to improve employee performance -- through public, violent spankings of employees -- was posted yesterday. The video, which will make even the most hardened U.S. compliance officer cringe, shows a line of employees from Changzhi Rural Commercial Bank being subjected to an ...
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Blog
Analogic resolves FCPA case for $15 million
Analogic, a medical-imaging technology provider, and BK Medical ApS, Analogic’s wholly-owned Danish subsidiary, have reached separate settlements with the Securities and Exchange Commission and the Department of Justice to resolve a Foreign Corrupt Practices Act case totaling payments of nearly $15 million. Jaclyn Jaeger reports.
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Transparency International: Nigeria must strengthen anti-corruption bodies
Global anti-corruption body Transparency International is pressing the Nigerian government to follow up on commitments made at the Anti-Corruption Summit in London on fighting corruption in the country and being more transparent about how it intends to use recovered stolen assets. Jaclyn Jaeger reports.
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Blog
Mitratech acquires CMO Software
Mitratech, a provider of Enterprise Legal Management (ELM) solutions, announced today it has acquired CMO Software. The financial terms of the deal are not being disclosed.
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Article
Detecting corruption in the pharmaceutical sector
Jaclyn Jaeger looks at a new report from Transparency International that aims to help companies in the pharmaceutical industry detect and prevent corruption.
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Blog100 largest companies’ human rights to be ranked
When it comes to taking a stand for various human rights—including health & safety, land rights, water & sanitation, and women’s rights—there are 100 companies that stand out for standing up and doing the right thing, according to the Corporate Human Rights Benchmark. Paul Hodgson has more.
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Article
Anti-Corruption Summit puts spotlight on transparency
London hosted the first ever international Anti-Corruption Summit last month to champion the fight against corruption on a global scale, with many countries committing to specific action plans. Jaclyn Jaeger analyzes what this all means for companies.
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Compliance front and center
The SEC and Justice Department have made it clear that it will no longer be adequate for companies merely to have a compliance program in place; it must actually be taken seriously from within and given the power and resources to do its job. Tom Fox explores.
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Blog
Benchmarking your compliance program
The Department of Justice is poised to consider benchmarking as a criteria for determining how far certain companies have failed to enact adequate internal controls against wrongdoing. But what are the benchmarks for benchmarking itself? Jose Tabuena reports.
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Resource
FCPA Due Diligence and Data Privacy Laws in BRIC Countries
Download the e-Book, “ LEGALLY OBTAINABLE DATA IN BRIC COUNTRIES” now to learn how companies can avoid misuse of personal data and conduct due diligence within the legal scope of data privacy laws.
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Blog
Shots fired
In the aftermath of the Orlando massacre comes the all-too-familiar debate about guns and gun control in the United States. In that, a familiar refrain arises: Why bother regulating something when the evil and disturbed clearly will not obey the laws anyway? Why, indeed. The answer that matters most might ...
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WADA and its non-response to whistleblowing
What are the implications of an entity not responding to allegations, which come to its attention through a whistleblower? In the FCPA world, such corporate behavior can lead to significant legal and financial consequences. The Man From FCPA was therefore intriged by recent reports that the World Anti-Doping Agency (WADA) ...
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Blog
At one bank, lax compliance and internal controls are a 'cancer'
The Man from FCPA has seen a lot of strong statements from top management, but when a chief executive likens non-compliance to cancer, you know it is serious. But last week, Bill Winters, the chief executive of the UK bank Standard Chartered, did just that when he announced that he ...
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Blog
VW’s Dieselgate has finally reached the automaker’s C-Suite
The VW emissions-testing scandal has reached the embattled automaker’s C-Suite. It was only a matter of time. Tom Fox reports.
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Article
New blood at the Serious Fraud Office
A report from Her Majesty’s Crown Prosecution Service Inspectorate has attacked the Serious Fraud Office for being a largely white, all-male board. Paul Hodgson examines the merits of the report and the SFO’s response.