Articles | Compliance Week – Page 191
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ArticleSEC issues 9 compliance & disclosure interpretations for Inline XBRL
The SEC’s Division of Corporation Finance this month published nine new Compliance and Disclosure Interpretations relating to Inline XBRL rules, particularly concerning common questions around the exhibit index and cover page tagging.
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Antitrust Division names new senior director of investigation and litigation
The Department of Justice’s Antitrust Division announced the elevation of Section Chief Kathy O’Neill to the new role of senior director of investigation and litigation.
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ArticleNew FinCEN unit to focus on money laundering threats
FinCEN announced the launch of its newly created Global Investigations Division, with responsibility for targeting terrorist financing and money laundering threats, both domestically and internationally.
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Commissioners Jackson and Lee: A critical look at Regulation S-K
SEC Commissioners Robert Jackson and Allison Herren Lee have expressed concerns about the move toward principles-based requirements with Regulation S-K and advocated for more requirements to disclose climate risk.
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ArticleA glimpse into Greece’s first anti-corruption chief
Greece’s government has appointed Angelos Binis as its first ever anti-corruption chief to head the country’s newly created anti-corruption body, the Transparency Authority.
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ArticleLondon Stock Exchange Group to acquire Refinitiv
The London Stock Exchange Group announced terms to acquire data provider Refinitiv for $27 billion. Together, LSEG and Refinitiv would be the largest listed global financial markets infrastructure provider by revenue.
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ArticleNew SEC guidance addresses proxy voting process
New SEC releases address the applicability of proxy rules to proxy voting advice and provide guidance to investment advisers in fulfilling their proxy voting responsibilities, particularly when they retain the services of a proxy advisory firm.
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Deal or no deal: PM promises Brexit on Oct. 31
Several recent decisions by new Prime Minister Boris Johnson suggest the United Kingdom will crash out of the European Union on the Oct. 31 deadline without a deal.
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Microsoft facing GDPR probe in Ireland
The Dutch Data Protection Agency has referred Microsoft to its home EU regulator in Ireland regarding new privacy concerns with its Windows 10 operating system.
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Reciprocity launches new integrated platform
Compliance solutions provider Reciprocity announced its new Platform-as-a-Service, ZenConnect, to integrate with platform ZenGRC.
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ArticleKPMG CEO elects not to seek second term
Lynne Doughtie, chairman and CEO of KPMG, has decided she will not seek re-election when her term expires next summer.
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Shared Assessments Program enhances TPRM framework
The Shared Assessments Program announced a new addition to its TPRM framework covering the subjects of periodic assessments and continuous monitoring.
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ArticleMastercard reveals data breaches in third-party loyalty program
Mastercard is investigating two data breaches relating to a loyalty program it ran in Germany following a leak of personal information that saw customers’ names, addresses, and credit card numbers circulating on the internet.
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ArticleNew Volcker rule eases restrictions on proprietary trading
The latest amendments to the Volcker rule, a regulation aimed at curbing banks from engaging in proprietary trading, seek to eliminate unnecessary complexity without thwarting the rule’s main objective.
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SEC settles with RSM over audit independence issues
The SEC has settled charges with RSM related to numerous auditor independence violations, spanning more than 100 audit reports across 15 clients.
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ArticleGreek parliament approves implementation of EU data law
Lawmakers in Greece voted to approve the implementation of partner legislation to the GDPR into national law, one month after being threatened with fines by the European Commission.
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ArticleSAExploration ousts senior leadership amid SEC probe
SAExploration Holdings announced the SEC has launched an investigation into areas of its accounting from 2015-16. The company also disclosed a significant reshuffling of its senior leadership team.
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ArticleRevenue recognition drove 2018 restatements, new report says
Revenue recognition drove more restatements in 2018 than in prior years and caused more restatements than any other area of accounting, a new study finds.
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Midland States names chief accounting officer
Midland States Bancorp announced the promotion of Donald Spring to chief accounting officer.
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Walmart adds two compliance execs
Walmart announced the hiring of Emma Waddell as vice president of financial services compliance and Joe Rodriguez as lead counsel of financial services.