All Compliance Week articles in Web Issue – Page 727
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Blog
Struggles on IT Strategy for Compliance
Image: Compliance officers struggle with IT; that’s not news. This week, however, we have new data that might illuminate why so many compliance departments can’t implement an IT strategy to meet their needs. Inside, Compliance Week editor Matt Kelly looks at which IT typically goes to what compliance tasks, and ...
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Blog
UTC Gets Second Subpoena in Bribery Probe
United Technologies Corp. has disclosed that it received a second subpoena from the SEC for potential violations of anti-bribery laws. UTC said the SEC issued the subpoena “seeking documents related to internal allegations of alleged violations of anti-bribery laws from UTC’s aerospace and commercial businesses, including but not limited ...
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Blog
Lincoln Electric Names Chief Compliance Officer
The Lincoln Electric Company, a subsidiary of Lincoln Electric Holdings, has promoted Anthony Battle to chief compliance officer, effective immediately. This role is in addition to Battle's position as senior vice president of internal audit. Details inside.
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Event
Merger Week: Creating Value Through Strategic Acquisitions and Alliances
Chicago, ILUnited States
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Blog
FASB Proposal May Foreshadow Changes to Cash Flow Rules
A proposal to change the presentation of financial information for not-for-profit entities, especially cash-flow classifications, could be a preview of what public companies might face down the line. The proposal would require entities to classify cash flows in ways more consistent with classifications in the statement of activities. More inside.
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Blog
ArcBest Names Controller, Chief Accounting Officer
ArcBest has named Traci Sowersby as controller and chief accounting officer, effective April 27. She will report to Chief Financial Officer David Cobb. Details inside.
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Blog
SEC Eyes ‘Pay for Performance’ Rules Next Week
The SEC will hold an open meeting April 29 to take action on pay-for-performance disclosure rules required by the Dodd-Frank Act. The Commission will consider rules stemming from Section 953 of Dodd-Frank, requiring public companies to disclose the relationship between executive pay and incentives with the financial performance of the ...
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Blog
Judge Rakoff's New Securities Law Focus: Re-Defining Insider Trading
Image: Having already left his mark on how the SEC handles deferred-prosecution agreements and other settlements, U.S. Judge Jed Rakoff now appears to be focused on another key securities enforcement issue: the definition of insider trading. More inside.
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Resource
Security, Mobility, and Social Media: Minimizing Risk in the Era of Sharing
“Communications surrounding security need to be planned and continuous, and they need to be combined with appropriate training and governance.”– Partha Mukherjee, Chief Information Officer, Church’s Chicken. In today’s ever-evolving landscape, security challenges are becoming more complex. Organizations are faced with increasing risks that range from dealing with the changing ...
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Blog
loanDepot Names Chief Risk Officer
loanDepot, a consumer lender company, has named Brian Biglin as chief risk officer. He will join the company's executive team this month. Details inside.
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Blog
Libor Scandal Costs Deutsche Bank $2.5 Billion in Penalties
Deutsche Bank and its subsidiary, DB Group Services (U.K.), pleaded guilty to wire fraud for their role in manipulating the London Interbank Offered Rate and agreed to pay $775 million in criminal penalties to the Department of Justice, bringing the total amount of penalties against the bank to $2.5 billion. ...
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Blog
SDNY Names New Chief, Deputy Chief of Securities Fraud Task Force
The U.S. Attorney's Office for the Southern District of New York has named Katherine Goldstein as Chief and Telemachus Kasulis as Deputy Chief of that office's Securities and Commodities Fraud Task Force.
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Blog
Inland Securities Corporation Names Chief Compliance Officer
Inland Securities Corporation, the managing broker dealer for Inland Real Estate Investment Corporation, has named Suzanne Bond as chief compliance officer. Details inside.
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Resource
White Paper: Building Better Vendor Risk Assessments
Increase the Quality and Efficiency of Your Vendor Risk Management Program.Download our informative new white paper, Building Better Assessments, and learn how organizations like yours can improve third-party risk assessments while balancing regulatory pressures, business requirements, and budget constraints.Key topics include:Quality - How did you perform against your objectives during ...
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Blog
SEC Issues Whistleblower Award to Compliance Officer
Image: The SEC awarded more than $1 million to a compliance officer who provided information that helped in an enforcement action against the whistleblower’s company. “This compliance officer reported misconduct after responsible management at the entity became aware of potentially impending harm to investors and failed to take steps to ...
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Blog
Merrill Lynch Fined £13.2 million ($19.8 million) for 35 Million Compliance Lapses
Britain’s Financial Conduct Authority fined Merrill Lynch International a record £13.2 million ($19.8 million) for inaccurately reporting more than 30 million transactions and for failing to report another 120,000 transactions over several years. The size of the fine marks the highest ever imposed for transaction reporting failures. Details inside.
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Blog
Gazprom Faces Antitrust Trouble in Europe
The European Commission plans to file formal antitrust charges against Gazprom, as the Russian energy giant is suspected of abusing its power in the natural gas sector by preventing some countries—such as Lithuania and Poland—from re-exporting gas they purchased from the company. If the Commission succeeds, Gazprom will face a ...
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Blog
EU to Postpone Capital Rules on EU Banks
The European Union is again planning to postpone new capital rules on EU banks to hold more capital when trading derivatives with unapproved foreign exchanges. In response to the financial crisis, the United States formulated its own trading guidelines without giving European regulators sufficient opportunity to weigh in, experts say. ...
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Blog
BofA Deputy General Counsel Joins Moore & Van Allen
Ed O’Keefe, deputy general counsel and global legal operations executive of Bank of America, will be joining the litigation practice group of law firm Moore & Van Allen in May. Details inside.