All Compliance Week articles in Web Issue – Page 634
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Blog
R.T. Jones Pays SEC $75K for Failing to Adopt Cyber-Security Policies
Investment advisory firm R.T. Jones last week reached a $75,000 settlement with the Securities and Exchange Commission for failing to adopt written policies and procedures reasonably designed to protect customer records and information in violation of the "Safeguards Rule." Such failures ultimately resulted in a cyber-attack that compromised the personally ...
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Blog
Game Over: Supreme Court Denies Appeal in Newman Case
The U.S. Supreme Court has specifically included the landmark insider-trading case of U.S. v. Newman on a lengthy list of cases in which the Court denied certiorari (will not hear on appeal). The Court’s refusal to hear the case means that Newman will continue to pose a major, often insurmountable ...
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Blog
Kinross Gold: Justice Department and SEC Probing West Africa Payments
Kinross Gold, a Canada-based gold mining company, said last week that it is under investigation by the Department of Justice and Securities and Exchange Commission concerning allegations of improper payments made to government officials and certain internal control deficiencies at its West Africa mining operations. More inside.
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Blog
Final Trial Scorecard for FY 2015: SEC Goes Undefeated in 6 Trials
The SEC went undefeated in its six federal court trials in FY 2015, posting a record of 4-0-2. The SEC conducted far fewer trials than it did in FY 2014, but it was more successful. Check out the complete list of trials and the results in each case here.
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Event
Merger Week: Creating Value Through Strategic Acquisitions and Alliances
Chicago, ILUnited States
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Blog
SEC Agrees to Issue Extractive Payments Rule By June 2016
The SEC will adopt a new rule by next summer requiring oil, gas, and mining companies to disclose payments made to host governments. The news came in a court filing on Friday, the latest move after a federal judge ordered the agency to propose and adopt the rule as soon ...
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Blog
Opus Global Acquires Alacra
Opus Global, a provider of SaaS-based compliance solutions, announced that it has acquired Alacra, a provider of Know Your Customer (KYC), Anti-Money Laundering (AML) and Reference Data business information solutions. More inside.
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Blog
Hyperdynamics to Pay $75K to SEC in FCPA Case
Oil and gas company Hyperdynamics announced this week that it has reached a $75,000 settlement with the Securities and Exchange Commission to resolve violations of the books and records and internal control provisions of the Securities Exchange Act. Hyperdynamics said it consented to the SEC order without admitting or denying ...
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Blog
Atterocor Names General Counsel
Atterocor, a drug development company, has appointed Jeffery Brinza as senior vice president, administration and general counsel. Brinza joins Atterocor from RGIS, a Blackstone portfolio company, where he was general counsel, secretary and chief compliance officer. More inside.
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Blog
Unified VRM Now Offers Advanced Task and Workflow Automation
NopSec, a provider of vulnerability risk management and remediation solutions, has announced the latest version of its Unified VRM platform to help security professionals rapidly reduce remediation time through enhanced workflow automation and risk reporting. More inside.
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Blog
OCEG Releases Red Book 3.0
OCEG, a non-profit global think tank that publishes the GRC Capability Model (Red Book) has announced the availability of version 3.0 of these standards for integrated governance, risk management, and compliance (GRC) capabilities. OCEG has also updated the GRC Professional Certification exam and GRC Fundamentals on-demand training and has made ...
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Blog
Latest Version of AvePoint Compliance Guardian Mitigates Security Risk
AvePoint, a governance, compliance and management solutions provider, has introduced the latest release of AvePoint Compliance Guardian. AvePoint Compliance Guardian provides unified risk management from the moment data is created through its entire lifecycle, proactively monitoring and neutralizing violations of privacy, security, and compliance. More inside.
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Blog
SEC Charges Grant Thornton Affiliates for Auditor Independence
The Securities and Exchange Commission has charged two Grant Thornton affiliates in India and Australia with violating auditor independence rules based on their activities in the tiny island nation of Mauritius off the east coast of Africa.
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Blog
SNC-Lavalin Settles Bribery Case for $1.5 Million; Revamps E&C Program
Engineering business SNC-Lavalin has reached a $1.5 million settlement with the African Development Bank Group to resolve practices by SNC-Lavalin International, a subsidiary of the company, in connection with certain bank-financed contracts in Mozambique and Uganda. The company said it also has signficantly enhanced its ethics and compliance program. More ...
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Blog
New U.S.-China Corruption Cooperation Initiative
Image: An interesting development reported this week: The United States and China have agreed to cooperate on the seizure of assets obtained through corruption and on the deportations of Chinese nationals from the United States who engaged in bribery and corruption in China and later fled to America for sanctuary. ...
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Blog
PCAOB Lays Bare Its 2015 Inspection Strategy
Image: The PCAOB has published a staff inspection brief mandating that inspectors scrutinize the audit of internal control over financial reporting, the auditor assessment of (and response to) risks of material misstatements, and the audit of accounting estimates. “We hope that audit firms and other stakeholders find this information about ...
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Blog
How Do Small Groups Produce So Much 'Anti-Mary Jo White' Noise?
In the past, it took a lot of dissatisfied people to make a lot of noise. We continue to learn that in the social media era, a very small number of dissatisfied people with the right tools and tactics can generate just as much noise!