All Compliance Week articles in Web Issue – Page 663
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Blog
Survey: Banker Bonuses Plummet in 2016
Image: Bankers should see a sharp fall in their bonuses this year in light of new regulations and increased shareholder pressure around soaring banker bonuses. According to a U.K.-based salary benchmarking website, investment banker bonuses are expected to take a 4 percent dip this year. Last month, at an academic ...
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Blog
Europe Postpones Financial Transaction Tax Deal
Eurozone nations have yet to reach a deal regarding the new controversial European financial transactions tax, but they could reach an agreement by mid-2016. The proposal received support from 10 nations—with the exception of Estonia, which cited concerns about the January 2016 implementation deadline. Industry analysts believe that even while ...
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Event
AICPA Conference on Current SEC and PCAOB Developments
San FranciscoSan Francisco, CA 11111United States
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Event
The 6th Annual Hedge Fund Financial Reporting Think Tank
New YorkNew York, NY 11111United States
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Article
U.S. and U.K. Treasury Revisit AML Risks
Image: For the first time in 10 years in the United States—and for the first time ever in the United Kingdom—financial institutions have some much-needed insight into how these two countries intend to prioritize money laundering and terrorist financing risks, enabling compliance officers to better allocate their limited resources. “These ...
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Blog
Haskell & White Adds Director of Finance and Administration
Haskell & White, an independently owned accounting, auditing, and tax consulting firm, has hired Eleanor Schultz as the firm’s director of finance and administration. Schultz will oversee the firm’s internal accounting and finance functions, human resources, and facilities and will play a key role in assisting with the firm’s overall ...
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Blog
AvePoint Enhances Privacy Impact Assessment Solution
AvePoint, a provider of enterprise-class governance, compliance, and management solutions, recently announced the general availability of the latest release of the AvePoint Privacy Impact Assessment (APIA) solution, exclusively distributed by the International Association of Privacy Professionals. APIA mitigates the risk inherent with manual privacy impact assessments, helping organizations understand and ...
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Article
Transparency Gaps in the Telecom Sector
Many telecom companies perform reasonably well when disclosing their anti-corruption practices, but less so concerning their organizational structures and country-by-country operations. With the potential for corruption fueled by relaxed rules and regulations, large licensing fees, major equipment contracts, the sale of state operators, and increased M&A activity, telecom companies need ...
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Article
AML Regulations in NY Force CCOs to Rethink Everything
Earlier this month New York officials proposed new anti-money laundering regulations for financial institutions that fall under that state’s regulatory regime and supervision—which pretty much includes every major international bank in the world. Along with heightened demands for monitoring programs that detect money laundering red flags, the requirements seek to ...
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Article
SEC’s Concerns Prod a Rethinking of Outsourced Compliance
Image: Faced with budget constraints, firms frequently turn to external professionals to supplement compliance programs—but the SEC has provided a laundry list of problems with that approach. “The SEC has not banned outsourced compliance in any way or said it is presumptively disfavored, but reading between the lines you get ...
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Article
The Popularity, and Peril, of Structured Payable Programs
Image: Structured payable programs have become increasingly popular in recent years as companies and their lenders search for new ways to access working capital. But according to Robert Rostan, CFO and principal at education firm Training The Street, such arrangements could turn short-term accounts payable into longer-term debt that requires ...
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Blog
FIFA Internal Investigation: Between Scylla and Charybdis
Image: In theory, U.S. and Swiss authorities are working in tandem to investigate allegations of misconduct by the leaders of the FIFA professional soccer organization. In practice … relations are a bit more complicated, and that leaves the law firm handling FIFA’s internal probe in a difficult spot. CW anti-corruption ...
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Blog
OGE Energy Appoints New Board Member
OGE Energy has appointed Frank Bozich to the company's board of directors and as member of its audit committee, effective with its first regular meeting in 2016. Bozich's term will expire at the company's annual shareholders' meeting scheduled for May 19, 2016, at which time he will stand for re-election ...
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Blog
Conflicts of Interest in Track & Field: Perception or Reality?
Image: FIFA and NFL football are not the only sports mired in ethical controversy any more; now track and field has entered the race. The latest scandals include allegations of rampant doping among Russian athletes, and a clear conflict of interest from the new director of the sport’s oversight body. ...
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Blog
SEC Takes Another Crack at Extractive Payments Rule
After years of delays and lawsuits, the Securities and Exchange Commission will meet on Friday morning to debate whether it is ready to propose a new rule that requires publically traded oil, gas, and mining companies to disclose payments made to governments for extraction rights. The Dodd-Frank Act mandate led ...
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Blog
First British DPA Provides Much to Ponder
It has finally come to pass: the first deferred-prosecution agreement under the U.K. Bribery Act. From the role of judicial oversight (greater than that in the United States) to the final statement of facts (much greater than that in the United States), the settlement with ICBC Standard Bank is full ...
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Blog
What Makes a Good ‘Pen Tester’
Penetration testing is the exercise of testing a company’s cyber-security defenses, and finding the right “pen tester” to do that can be difficult. Learn how to find the right blend of capable, trustworthy, and innovative cyber-security professionals. More inside.