Articles | Compliance Week – Page 168
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ArticleSen. Gillibrand floats agency to oversee U.S. privacy
Senator Kirsten Gillibrand (D-N.Y.) has introduced legislation to create a “Data Protection Agency” in the United States in order to oversee and enforce federal privacy mandates.
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SeaWorld Entertainment to pay $65M in shareholder class action
SeaWorld Entertainment disclosed in a recent regulatory filing it has reached a $65 million settlement to resolve a class-action lawsuit over allegations investors were misled about the impact of the 2013 documentary film Blackfish.
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ArticleBombardier’s compliance program progressing, says review
A recent review of Bombardier’s compliance policies and procedures details how the Canadian multinational aerospace and transportation company is “working towards having a best-in-class program.”
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ArticleAntitrust Division remarks on changes to model corporate plea agreement
The DOJ’s Antitrust Division last year quietly updated language contained in its “Model Annotated Corporate Plea Agreement,” as it applies to cooperation. Recent remarks provide more color around those changes.
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Tesla: One SEC investigation ends; another begins
Electric car maker Tesla announced in a regulatory filing that the Securities and Exchange Commission has closed a previously announced investigation while also launching another, this time into Tesla’s financing arrangements.
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ArticleTraining methods for kids and employees aren’t that different
The general principles for creating a culture of compliance for 12-year-olds in a classroom are just as effective in a workplace setting.
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ArticleIreland raid over privacy concerns jilts Facebook Dating
Facebook wants to play Cupid in Europe, but the Irish Data Protection Commission got its arrow in the tech giant first.
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ArticleDOJ indictment alleges Huawei fraud, trade secrets theft
The Department of Justice unveiled a fresh round of allegations against Chinese tech giant Huawei, including racketeering, theft of trade secrets, and bank fraud.
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ArticleUnderstanding the why in CDD
Compliance practitioners might know how to undertake customer due diligence, but may never ask themselves why and might have limited knowledge of other anti-money laundering areas.
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ArticleFASB Chairman Golden’s agenda setting 101
Have you ever wondered how FASB decides what issues to include in its technical agenda? Chairman Russell Golden explained recently the process for identifying the right accounting issues to address.
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ArticleTreasury Secretary sets goal for cryptocurrency regulation
Taking into account the Trump administration’s trade concerns involving cryptocurrencies, the Treasury Department has announced it will roll out new regulations later this year.
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ArticleMore than minor changes? Assessing the latest CCPA updates
The business community was already rushing to comply with the CCPA’s Jan. 1 effective date. But does this latest change ease the way to compliance or just raise more questions?
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Google begins argument to try to overturn $9B in EU fines
Attorneys for Google, seeking to overturn $9 billion in EU antitrust fines, argued in a European court Wednesday that the tech giant should not be forced to prop up its competitors in the course of promoting facets of its own business.
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ArticleSpirit AeroSystems faces class action over accounting woes
In the wake of an ongoing accounting probe and the resignation of two top finance executives, Spirit AeroSystems is facing a class-action lawsuit filed on behalf of shareholders.
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Airbus contractors feeling ripple effect from record fine
Airbus is free to go about its business after paying a record fine to three anti-corruption agencies for widespread bribery, but the trouble is only beginning for some of its implicated contractors.
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ArticlePowell: Legislation to address LIBOR transition unlikely
Federal Reserve Chair Jerome Powell told Congress he does not expect federal legislation will be needed to address the demise of the London Interbank Offered Rate, which is set to expire in 2021.
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ArticleCitgo appoints new CECO amid misconduct review
Citgo announced the appointment of Jack Lynch as the company’s new chief ethics and compliance officer amid an internal probe into allegations of misconduct under prior management.
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ArticleCompliance training 101: Know your audience
Need to get something off my chest before I pass along lessons learned from poorly executed compliance training.
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SEC names Chicago associate regional director
The Securities and Exchange Commission announced Paul Montoya has been named associate regional director for enforcement in the Chicago Regional Office.
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Centene tabs general counsel
Centene Corp., a managed care solutions provider, announced the appointment of Chris Koster to senior vice president, secretary and general counsel.