Articles | Compliance Week – Page 152
-
ArticleExecutive pay cuts a growing trend during coronavirus
Hundreds of companies around the world have announced drastic cuts to the salaries of their senior executives as one way to reduce the unprecedented financial blow caused by the coronavirus pandemic.
-
ArticleSwedish regulator delays SEB money laundering probe
Sweden’s financial regulator announced it will wait until June to conclude its money laundering investigation into Scandinavian Enskilda Banken AB (SEB) due to the coronavirus pandemic.
-
ArticleDOJ indicts Venezuela President Maduro, others in regime
The DOJ unsealed indictments against Venezuelan President Nicolás Maduro and several high-ranking former and current members of his regime for alleged drug trafficking and money laundering crimes, as well as violations of the FCPA.
-
Article8 compliance challenges facing European companies in coronavirus crisis
Due diligence, data, solvency, and supply chain management risks are just some of the issues Europe’s employers are struggling with as normal business has come to a standstill during the coronavirus pandemic.
-
ArticleEmbracing the potential of tech in legal, compliance
The pace of technological change can be overwhelming, and in-house legal and compliance teams are yet to lead the charge. This needs to change if businesses are to secure the potential competitive advantages offered by new tech.
-
Article
ProcessUnity releases complimentary TPRM pandemic assessment
ProcessUnity has released a complimentary pandemic assessment for businesses to assess their third parties, vendors, and suppliers to understand the effect of the coronavirus pandemic on critical business operations.
-
ArticleSo your company’s CEO has coronavirus. Does the world have to know?
As infections stemming from the coronavirus pandemic continue to mount around the world, publicly traded companies face questions about when and where to disclose that their CEO or other key executives have contracted the virus.
-
ArticleCoronavirus pandemic elicits opposing views on CECL, TDRs
Two regulatory chairs are battling over whether a delay is needed for financial institutions to implement the updated credit loss standard; also expressed are opposing views on how loan modifications should be viewed in terms of troubled debt restructurings.
-
Article
Avis Budget Group general counsel to depart
Car rental company Avis Budget Group announced the departure of Executive Vice President and General Counsel Michael Tucker in a recent regulatory filing.
-
Article
Grayhawk Investment adds chief risk officer
Wealth management firm Grayhawk Investment Strategies announced the appointment of Stacy Rosen as chief risk officer.
-
ArticleCCPA, SHIELD Act to take back seat during coronavirus pandemic?
With state attorneys general now fixated on “stay at home” directives amid the coronavirus pandemic, oversight of data privacy regulation may dip. But consumers—and the plaintiffs’ bar—are still watching.
-
ArticleOil and natural gas industry seeks compliance break amid pandemic
The American Petroleum Institute in a letter to President Trump requested that the administration temporarily waive non-essential compliance obligations and provide timely guidance to critical infrastructure personnel amid the coronavirus pandemic.
-
ArticlePCAOB grants auditors 45-day relief period from inspections
The Public Company Accounting Oversight Board is giving audit firms a maximum 45-day relief period from the inspection process during the COVID-19 pandemic.
-
Article
DOJ begins enforcement crackdown on coronavirus fraud
The Department of Justice has acted swiftly on its vow to crack down on fraud during the coronavirus pandemic, issuing its first related enforcement action against a Website acting as an alleged wire-fraud scheme.
-
ArticleCoronavirus begins disrupting public companies’ financial reporting
Companies are reporting ways in which the coronavirus pandemic is hurting their bottom lines, as well as steps they are taking to reduce spending as disruptions ripple through their supply chains and rattle their customer bases.
-
ArticlePCAOB vet Mark Adler to depart
The Public Company Accounting Oversight Board announced Mark Adler, former acting director of its Division of Enforcement and Investigations, is leaving after more than nine years with the agency.
-
ArticleSEC awards $1.6M to whistleblower for case-opening intel
The Securities and Exchange Commission announced an award of more than $1.6 million to a whistleblower whose information formed part of the basis for charges brought in a successful enforcement action.
-
ArticleSwedbank cuts ex-CEO’s severance following AML probe
Swedbank has canceled the severance pay of its former CEO and accepted a record fine of 4 billion Swedish Krona (U.S. $390 million) in the wake of the findings of an independent investigation into its anti-money laundering deficiencies.
-
Article10 ways to maintain a social, positive workplace amid coronavirus
It’s more important than ever for senior leadership teams—including ethics and compliance officers—to do their part to help maintain a sense of normalcy in the virtual workplace.
-
ArticleConference organizers innovate online as coronavirus cancels live events
While the convention industry is taking a huge financial hit during the coronavirus outbreak, it’s also being forced to innovate.