Articles | Compliance Week – Page 175
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ArticleRegulators need experts in AI, too
Machine learning isn’t something that’s going to happen—it’s already happened. Ali Shah, head of tech policy at the U.K. Information Commissioner’s Office, discusses how artificial intelligence will impact regulators.
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House passes bill requiring disclosure of diversity on corporate boards
If enacted, legislation on corporate board diversity would require the SEC to work on strategies to increase gender, racial, and ethnic diversity on corporate boards.
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Hong Kong, Singapore regulators fine UBS $59M for client overcharges
Swiss bank UBS will pay $59 million in total civil penalties in resolutions with both Hong Kong and Swiss regulators for overcharging clients for over a decade.
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ArticleSEC awards three whistleblowers $260,000
The SEC has awarded over $260,000 to three individuals who jointly submitted a tip alerting the agency to a well-concealed fraud targeting retail investors that led to a successful enforcement action. The whistleblowers were, themselves, harmed investors.
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ArticleU.S. consumers express unease over personal data collection
A recent survey says a majority of Americans don’t trust data privacy policies and procedures, even while U.S. companies are hastening to enhance them in advance of the California Consumer Privacy Act’s implementation.
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SEC appoints chief counsel for the Division of Economic and Risk Analysis
The Securities and Exchange Commission has named Marie-Louise Huth as chief counsel for the Division of Economic and Risk Analysis.
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ArticlePrivacy warfare: Competitors, consumers pose new risks
With a new wave of privacy laws empowering consumers to police their own data, companies are facing increased risk in areas they might not have considered.
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ArticleRegulators sympathetic to GDPR growing pains but expect maturity
Officials from a pair of EU data privacy sanctioning bodies stressed importance of data protection officers and good-faith efforts to comply with GDPR.
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ArticleIreland vs. Big Tech: The wait continues
It’s been 18 months since the General Data Protection Regulation went into effect, and still no violations have come out of Ireland. Is the Emerald Isle dragging its feet? CW Editor in Chief Dave Lefort attempts to answer that question.
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ArticleReport: Investor confidence in audit committees high; more transparency needed
The 2019 Audit Committee Transparency Barometer indicated investor confidence in audit committee effectiveness was strong (81 percent) and had increased 10 percentage points since the first report was issued in 2014.
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ArticleSEC sees slight decrease in number of whistleblower tips fielded
The Securities and Exchange Commission, in its annual report to Congress, indicated it fielded 5,212 whistleblower tips in fiscal year 2019, down 1 percent from the record of 5,282 in FY2018.
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ArticleSurvey: Compliance struggles to keep pace with mobile, social tech in workplace
A new survey shows the use of personal devices and contemporary communication platforms are par for the course in work settings; yet 45 percent of firms feel they are incessantly behind the eight-ball when it comes to managing electronic message compliance.
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ArticleData-driven compliance can create business success
Smart uses of data analytics show companies can not only improve their compliance programs with technology, but actually create bottom-line results for their companies as well.
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ArticleBest practices for choosing the right data privacy software
Don’t expect a plug-and-play technology solution to this complex new problem.
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ArticleMicrosoft updates cloud contract privacy amid EDPS probe
Microsoft has updated the privacy provisions of its commercial cloud contracts amid a European Data Protection Supervisor investigation that revealed “serious concerns” in its preliminary findings.
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Itiviti, Capital Market Solutions partner on SEC rule
Itiviti announced a partnership with Capital Market Solutions to provide a complete regulatory reporting solution for SEC Rule 613 (Consolidated Audit Trail).
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ArticleWhat FASB’s recent updates might mean for you
The Financial Accounting Standards Board has issued updates to its standards on hedging and share-based payments and is offering guidance on reference rate reform.
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ArticleU.S. trending up in new TRACE matrix bribery report
The latest edition of TRACE International’s annual Bribery Risk Matrix shows many of the same countries named in last year’s report are still struggling with business-related bribery risk. One country on the rise: the United States.
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ArticleNHTSA probing Tesla for defects that cause battery fires
The National Highway Traffic Safety Administration has launched an investigation into electric-car company Tesla over potential battery defects that allegedly cause its vehicles to suddenly burst into flames.
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ArticleProactive approach needed in today’s cyber-crime environment
An expert sheds light on behavioral science-driven solutions that help businesses prepare for a breach before it happens.