All Compliance Week articles in Web Issue – Page 618
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Blog
Former SEC Commissioner and Enf. Dir. Irving Pollack Passes Away at Age 98
Irving M. Pollack, a former SEC Commissioner who also served as the agency's first director of the Enforcement Division, passed away on July 1, 2016 at the age of 98. Pollack served at the SEC for 34 years.
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Blog
Seclore enhances Enterprise Digital Rights Management solution
Seclore, an Enterprise Digital Rights Management provider, announced the release of its new Seclore EDRM solution, adding further advancements in persistent, data-centric security.
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Blog
Nike appoints Apple CEO Tim Cook as lead indepenent director
Nike announced that chairman Phil Knight has retired from the board of directors. The company also announced that Apple CEO Tim Cook has been appointed lead independent director of the board, effective immediately.
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Blog
American Water appoints controller
American Water Works, a publicly traded U.S. water and wastewater utility company, has named Melissa Wikle as controller, effective July 19. She will lead American Water’s corporate accounting, external financial reporting, SEC compliance, tax, payroll and accounts payable functions.
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Blog
2016 SEC trial scorecard update: New Mexico verdict hands agency first loss
On Wednesday, the SEC suffered its first setback in its FY 2016 federal court trials following a trial in the U.S. District Court for the District of New Mexico.
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Resource
e-Book: The Challenges of Fighting Money Laundering
In this e-Book, produced by Compliance Week in cooperation with Pitney Bowes, we explore this evolving AML regulatory and enforcement landscape, as well as how to reduce AML risk. We also take a look at how Pitney Bowes Entity Resolution for Financial Crimes and Compliance software is aiding in the ...
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Blog
False Claims Act penalties to double
Federal contractors, beware: False Claims Act penalties will nearly double, effective Aug. 1. The increase in penalties is especially relevant to healthcare providers, government contractors and others that conduct business with the government. Jaclyn Jaeger has more.
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BlogFed releases report card on capital plans of big banks
The Federal Reserve has released the results of its annual Comprehensive Capital Analysis and Review, an assessment of whether bank holding companies with $50 billion or more in total consolidated assets have effective capital planning processes and adequate assets on-hand to absorb losses during stressful conditions. While many plans passed ...
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Blog
Treasury finalizes new country-by-country reporting rules
The U.S. Treasury has issued final regulations requiring multinational companies to provide country-by-country reporting that will enable tax authorities around the world to compare notes on corporate taxpayers.
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Blog
SEC's Dabney O'Riordan Named Co-Chief of Asset Mgmt Unit
Yesterday, C. Dabney O’Riordan of the SEC’s Los Angeles Regional Office was named co-chief of the Division of Enforcement’s Asset Management Unit. She fills the co-chief role left vacant when Marshall Sprung left the agency in April 2016 to join Blackstone Group LP as a managing director and the firm's ...
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Resource
e-Book: Executing a lockdown on cyber-security threats
Image: Every company knows that falling victim to a cyber-attack is not a matter of if, but when. Needless to say, companies operating in today’s cyber threat landscape have their work cut out for them. In this e-Book, produced by Compliance Week in cooperation with NAVEX Global, we explore the ...
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Blog
GE Capital breaks free of its SIFI designation
GE Capital Global Holdings is no longer a threat to financial stability,says the Financial Stability Oversight Council. While MetLife prevailed in a lawsuit to shed its designation as a non-bank systemically important financial institution, GE Capital did so by working within the agencies appeals framework. Joe Mont reports.
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Resource
Third-Party Assurance Optimization: Value Creation Strategies for Service Providers
Download this white paper to get a better understanding of how optimizing TPA reporting can move an OSP from merely protecting value to actually creating it.
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Blog
Volkswagen could spend $14.7 billion for cheating emissions tests
In two related settlements—one with the United States and the State of California, and one with the Federal Trade Commission—German automaker Volkswagen and related entities have agreed to spend up to $14.7 billion to settle allegations of cheating emissions tests and deceiving customers, the Department of Justice said. Jaclyn Jaeger ...
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Blog
A second corruption scandal arises in Brazil
Most of Brazil’s corruption focus over the past couple of years has been around Petrobras and the fallout from Operation Car Wash, but a second corruption scandal (dubbed Operation Zelotes) has arisen in Brazil that could be equally massive—this one relating to tax evasion by not only Brazilian companies, but ...
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Blog
PCAOB opens portal on identifying key audit participants
There’s not much to see just yet, but audit regulators have launched a web page that will be the new means for anyone in the capital markets to throw open the curtain and see who’s pulling the levers on individual audit engagements. Tammy Whitehouse reports.
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Blog
Rule would require investment advisers to adopt continuity plans
Registered investment advisers would be required to implement written business continuity and transition plans under a newly proposed rule from the Securities and Exchange Commission. It would require plans to include policies and procedures addressing data protection, pre-arranged alternative physical locations, communication plans, and reviews of third-party service providers.
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Article
FASB: future credit losses required in financial statements
A new Accounting Standards Update from FASB means that companies will be using even more forward-looking information in their financial statements to alert investors of potential credit losses yet to materialize. Tammy Whitehouse reports.
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Blog
SEC will revisit board diversity disclosures
In the coming weeks, the Securities and Exchange Commission will revisit its existing requirement to disclose board-level diversity, Chairman Mary Jo White said this week during a speech in San Francisco. The goal is to improve reporting requirements that have proven to be ineffective, she says.