Articles | Compliance Week – Page 210
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Former Autonomy CFO sentenced to 60 months in prison
Sushovan Hussain, the former chief financial officer of U.K. software firm Autonomy, has been sentenced to 60 months in prison for his role in falsifying the company’s revenues prior to its acquisition by Hewlett-Packard.
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ArticleDOJ's Claire McCusker Murray to deliver keynote at CW2019
Newly appointed Department of Justice Principal Deputy Associate Attorney General Claire McCusker Murray will deliver a keynote at the upcoming CW annual conference at the Mayflower Hotel in Washington D.C.
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Barrick Gold chief compliance officer joins Paul Hastings
Former Barrick Gold CCO Jonathan Drimmer has joined the global law firm Paul Hastings as a partner in the investigations and white-collar defense practice.
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Informatica to pay $21.57M in False Claims Act case
The Department of Justice says Informatica will pay over $21 million stemming from a False Claims Act investigation.
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World Bank Group debars Sieyuan Electric
The World Bank Group has placed a 15-month debarment on Shanghai-based Sieyuan Electric relating to fraudulent practices under the Inter-Zonal Transmission Hub Project.
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ArticleSOX did not end audit opinion shopping, study says
Despite regulatory efforts to make auditors more independent and more skeptical, companies have been able to shop for audit opinions, a new study says.
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ArticleFinCEN elaborates on virtual currency risk, obligations
SARs and due diligence are cited as effective tools for avoiding virtual currency malfeasance, says the Financial Crimes Enforcement Network.
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ArticleSEC proposes actions to bolster cross-border swap rules
The SEC has proposed a package of rule amendments and guidance for improving the regulation of cross-border swaps transactions.
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ArticleSEC amendments could tailor accelerated filer definitions
The Securities and Exchange Commission has voted to propose amendments to the accelerated filer and large accelerated filer definitions.
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Antitrust Division joins Framework on Competition Agency Procedures
The Justice Department’s Antitrust Division has joined the Framework on Competition Agency Procedures as a founding member.
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BHP faces $5B claim over 2015 Brazilian dam collapse
Mining company BHP is facing a $5 billion damages action in the United Kingdom for its alleged negligence in its duty to prevent the Fundão dam collapse in Brazil in 2015.
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ArticleCorruption and transparency challenges around the world
The Risk Advisory Group has released its 2019 Corruption Challenges Index, which will give CCOs an idea of the level of corruption in countries where they operate.
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ACL, Rsam rebrand as Galvanize
Software company ACL and recently acquired IT, vendor, and security risk management solutions provider Rsam have rebranded as Galvanize.
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SEC fines Telefônica Brasil $4.13M in World Cup ticket case
Spanish telecom provider Telefônica Brasil received a civil penalty for improperly accounting for tickets and hospitality given to government officials.
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ArticleJustice Department: How to receive cooperation credit in False Claims Act cases
New Justice Department guidance details how companies can be rewarded for assisting in a False Claims Act investigation, but it includes some caveats.
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FRC: Auditors must look for fraud
FRC CEO Stephen Haddrill confirmed that during the transition to the new statutory regulator, the Audit, Reporting and Governance Authority, the FRC will remain committed to tackling “deficiencies in audit and reporting quality vigorously.”
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ArticleNew rule: Companies must reveal drug costs in TV ads
Under a new rule enacted by the Department of Health and Human Services, pharmaceutical companies will soon be required to disclose in television commercials the price of their prescription drugs that cost more than $35 per month.
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Orange to acquire cyber-security firm SecureLink
French multinational telecommunications company Orange announced the signing of an agreement to acquire European cyber-security firm SecureLink for €515m (U.S. $576 million).
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Former SEC Commissioner Kara Stein joins IEX board
Former SEC Commissioner Kara Stein has joined the board of directors of the Investors Exchange.
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CBS initiates new anti-harassment policies
CBS Studios has initiated new policies it says will ensure the network is “a safe, fair, and inclusive place to work.”