All Compliance Week articles in Web Issue – Page 688
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Bilfinger Probe Uncovers Bribery Related to World Cup
German-based engineering company Bilfinger said that an internal investigation has uncovered potential bribery payments made to government officials in Brazil for contracts related to the 2014 World Cup. After launching an internal investigation into the allegations last year, “suspicions have now been substantiated,” Bilfinger said. Details inside.
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Fenergo Enhancements Help Banks Maximize Regulatory Processes
Ireland-based Fenergo, a provider of client lifecycle management software solutions for investment banks and capital market firms, has launched its enhanced Regulatory Rules Engine to help financial institutions maximize control over regulatory and operational decisions and processes. Details inside.
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Knowledge Vault Unveils Compliance Objectives for Office 365
To help organizations meet their compliance reporting needs, Knowledge Vault this week announced the addition of several compliance reports on data access, security modifications, logon behaviors and other activities. Knowledge Vault provides deep visibility, automated delivery, and easy-to-view pre-configured reports that provide a unique, detailed view of the changes and ...
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BNY Mellon Settles FX Charges, Will Pay $714 Million
Bank of New York Mellon has agreed to pay $714 million in a series of settlements related to accusations it fraudulently overcharged clients on foreign exchange currency transactions. The settlements stem from long-running lawsuits by Manhattan U.S. Attorney Preet Bharara and New York’s Attorney General.
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Jury Returns Mixed Verdict in Willie Gault Case, Part II: 'Negligent Fraud'
Yesterday I wrote here about the jury verdict reached this week in the SEC's trial against former Chicago Bears wide receiver Willie Gault. I wrote that "the jury found that Gault was not liable on any of the four fraud-related charges against him, but that he was liable on three ...
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OECD: Greece Must Focus More on Foreign Bribery
The risk of Greek companies bribing foreign officials is substantial, and yet Greece has not given the same priority to fighting foreign bribery as it has to domestic corruption, according to the Organization for Economic Cooperation and Development's Phase 3bis Report on Greece." The repor examines issues that the Working ...
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CFPB Goes Public With Complaint Database Narratives
If you were already alarmed by the reputational headaches and compliance challenges inherent in the Consumer Financial Protection Bureau’s complaint database, there is now even more to worry about. The Bureau is making the narratives behind those complaints public.
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YRC Worldwide Names General Counsel and Secretary
YRC Worldwide has named James Fry as general counsel and secretary for YRC Worldwide, effective April 20.
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Swiss AG Freezes $400 Million in Petrobras-Related Assets
The Office of the Attorney General of Switzerland (OAG) is currently conducting nine investigations in the Petrobras case and has issued an order freezing USD$400 million in assets deposited in Switzerland in connection with the
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Brainloop’s ITAR-Compliant Cloud Solution Now Available for SMBs
Brainloop, a provider of SaaS technology for the secure storage, collaboration, and exchange of confidential documents and files, announced that the ITAR-compliant Brainloop Secure Dataroom is now available for small to medium sized organizations.
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Adams Resources Adds Two Board Members
Adams Resources & Energy has increased its board of directors to seven positions with the appointments of Michelle Earley and Murray Brasseux, effective March 17. These appointments increase the board's independent director positions from the current three to five positions.
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BrandProtect Enters Into Reselling Agreement With Sayers
BrandProtect this week announced a reseller agreement with IT and security solutions consulting firm Sayers. Details inside.
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Former CIA Inspector General Joins KPMG
Audit, tax and advisory firm KPMG has appointed David Buckley, former Inspector General for the Central Intelligence Agency (CIA), as a managing director in its Forensic Advisory Services.
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New Lease Accounting May Favor IFRS Filers
Image: New standards on accounting for leases are likely to be more flattering to the bottom lines of companies that use international accounting standards rather than U.S. GAAP, the International Accounting Standards Board said recently. Beth Paul, a partner with PwC, said during a webcast that the key difference will ...
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March Madness! SEC Loses an AP for First Time Since FY 2013
As I observed here a year ago,It is hard to make anything 100% pure. Ivory Soap famously falls just short at 99.44% pure. Even Breaking Bad's Walter White could not get his blue-tinted methamphetamine purer than 99.1%.In FY 2014, however, the SEC maintained 100% perfection in its administrative proceedings. The ...
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White House Vetting Advisor Leaves for IGI
The Obama Administration’s vetting advisor for presidential candidiates, Douglas Graham, has joined private investigation and corporate intelligence firm Investigative Group International (IGI) as a managing director.
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White: When Activist Shareholders Strike, SEC Will Scrutinize Disclosures
Image: In a speech last week, SEC Chairman Mary Jo White addressed the Commission’s role when companies and shareholder activists do battle, foremost to ensure both parties meet relevant disclosure requirements. She also discussed how the SEC views bylaws that shift shareholder litigation costs to losing plaintiffs. More inside.