All Compliance Week articles in Web Issue – Page 647
-
Blog
Coast Capital Savings Names Chief Risk Officer
Coast Capital Savings, Canada's largest credit union by membership, this month appointed Bruce Schouten as chief risk officer. Schouten recently held senior positions at OSFI (Office of the Superintendent of Financial Institutions) and TD Bank, where he helped to build, and led for several years, the enterprise risk management function ...
-
Blog
Survey: public underestimates CEO pay, still outraged
Image: A recent survey of 1,202 individuals by Stanford University’s Rock Center for Corporate Governance shows the American public believes CEOs take home much more in compensation than they deserve. “While we find that members of the public are not particularly knowledgeable about how much CEOs actually make in annual ...
-
Blog
The Bancorp Names Chief Compliance Officer
The Bancorp has appointed Sepideh Behram to chief compliance officer, as the company works to revamp its compliance and risk program after resolving a settlement with the Federal Deposit Insurance Corporation in December.
-
Resource
5 Key Things Your “Policies Policy” Must Have
Your policies and procedures tell your employees, partners, customers, and vendors how you operate–from the offers you price, to the credit you extend, from the trades you conduct to the parties you hire.With so much at stake, and all of it within a fluid context of changing regulations and expectations, ...
-
Blog
The Greek Culture of Corruption
Envelopes stuffed with cash and entire industries poised to take action against the first sign of whistleblowing are just two of the hallmarks of the endemic corruption that bedevils the entire Greek economy. What can be done when compliance isn’t just absent in a country, but actively avoided as a ...
-
Blog
SEC Names O’Riordan and Patel Associate Dirs. for Enforcement in L.A.
C. Dabney O’Riordan and Alka Patel have been named Associate Directors for Enforcement in the SEC's Los Angeles Regional Office, where they will oversee that office’s enforcement’s efforts in southern California, Arizona, Nevada, and Hawaii.
-
Article
Regulating the way to equal pay
Image: The Equal Employment Opportunity Commission this month proposed two controversial pay equity reporting requirements that effectively would impose burdensome new compensation collection obligations on companies with at least 100 employees, and federal contractors with at least 50 employees, starting in 2017. “This information will assist employers in evaluating their ...
-
Blog
Monsanto settles $80 million accounting charges with SEC
Image: Without admitting or denying wrongdoing, Monsanto Co. has agreed to an $80 million settlement with the Securities and Exchange Commission over charges that it failed to properly report millions of dollars in rebates related to its Roundup weedkiller product line. “This type of conduct, which fails to recognize expenses ...
-
Blog
White House plan would double SEC’s budget by 2021
Don’t expect the proposal to emerge unscathed from its trip through partisan debate, but a budget plan announced this week by President Obama would provide the SEC and Commodity Futures Trading Commission the biggest boost to their bottom lines in recent years, with plans to double their fiscal year 2015 ...
-
ArticlePreventing a payment card hack
Point of sales systems are the weak link in the chain when it comes to retail cyber-security. Recent data breaches at a number of prominent companies—including three in January alone—highlight the ever-increasing stakes for any organization responsible for handling customer data. Increasingly this is an issue that a strong compliance ...
-
Resource
e-Book: Combatting Corruption
Faced with a global crackdown on corruption, more companies are adopting zero-tolerance policies for bribery, but eliminating bribes and facilitation payments throughout the organization can be a difficult undertaking. In this e-Book, produced by Compliance Week in cooperation with ACL, you will learn how to mitigate these risks, including how ...
-
Blog
The SAP and Garcia FCPA Enforcement Actions - The Government Speaks, Are You Listening?
As the SEC concludes its Foreign Corrupt Practices Act investigation into suspected illegal activity by former SAP International Vice President of Global and Strategic Accounts Vicente Garcia for bribery and corruption in sales to certain government officials in Panama, we are seeing some clear signs about where FCPA enforcement will ...
-
Blog
Egmont Group Explores How to Combat Terrorist Financing
The Egmont Group of Financial Intelligence Units issued its latest Communiqué resulting from its meeting in Monaco last week. Its focus: terrorist financing. The heads (or their designated representatives) of 102 FIUs convened a meeting of its governing body to discuss how the Egmont Group could positively respond to this ...
-
Article
The new VIE evaluation process is here, but what does it really change?
Image: With yet another change in the guidance on when a company needs to consolidate a particular entity onto its balance sheet, all public companies need to walk through a new evaluation process in the first quarter, even if it doesn’t change the outcome. “It is a thicket,” says Adam ...
-
Article
Data collection could be key to battling trade-based money laundering
Trade-based money laundering is a common technique for funding terrorist activities through seemingly innocuous trade activity that essentially hides criminal transactions in plain sight. And it will take the combined efforts of U.S. Customs, FinCEN, the Department of Commerce, and port authorities (and their counterparts in other countries) to compile ...
-
Article
Fiduciary duty rules poised to redefine an industry
It sounds reasonable enough: hold broker-dealers and investment advisers to a fiduciary standard when they offer investment advice, specifically with retirement plans. Firms, however, fear that pending rules, split between the Securities and Exchange Commission and Department of Labor, are not in sync and unintended consequences will radically alter traditional ...