Articles | Compliance Week – Page 231
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ArticleGuidance confirms diminished tax benefits for exec comp
While certain aspects of tax reform remain ambiguous, the provisions around the deductibility of executive compensation awards are becoming clearer.
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EU proposes new money laundering rules
The European Commission wants to strengthen supervision over banks and other financial institutions to toughen up its fight against money laundering and terrorist financing after admitting that present measures have “failed all too often.”
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English Court of Appeal preserves litigation privilege
An English Court of Appeal decision giving companies the right to protect documentation gathered during an internal investigation is a blow to both U.S. and U.K. regulators, who have grown increasingly concerned that firms may be hiding critical evidence under the guise of it being “privileged.”
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Shareholders seeking $10.6 billion from VW over emissions disclosure
Shareholders seeking damages worth €9.2 billion (U.S. $10.6 billion) have taken German car giant Volkswagen to court in Germany for failing to inform them fully of the financial impact that the emissions cheating scandal would have on the company’s share price.
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ArticleCCOs and the absurdity of executive hypocrisy
The beauty of being in the compliance field (or writing about it) is that within any day’s news cycle, there are lessons to learn and debates to be had. This past week has been chock full of both.
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Tackling the contentious issue of guidance vs. regulation
For years, a battle over the place of guidance in the regulatory world has been hotly debated. Now, there may be some clarity.
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New SFO director will leverage compliance officers’ expertise
Head of the Serious Fraud Office Lisa Osofsky laid out her priorities for the agency in the coming months and provided CCOs a glimpse into what the SFO will expect.
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ArticleSEC, FASB issue changes aimed at simplifying disclosure requirements
Companies need to update their disclosure controls and procedures now that the SEC and FASB are starting to trim unnecessary bulk out of disclosure requirements.
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ArticleU.K. regulator setting global example in facilitating technology growth
FCA-backed sandboxes set up for testing in a live environment have put British RegTech and FinTech ahead of the curve.
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ArticleSpecial report: A practical guide to compliance technology
A slate of new technologies is poised to push the compliance function to new horizons of efficiency and effectiveness. It may be easier said than done, however—especially without a plan of attack.
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Vocabulary to add to your compliance lexicon
A quick look at of some of the terminology associated with emerging technology and its application to governance, risk, and compliance. Instead of organizing this glossary alphabetically, we’ve started with the simplest terms before moving to more complex ones.
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ArticleAsk Amii mailbag: Best practices for giving change a chance
In her first mailbag on some of the softer skills effective compliance leaders need, executive coach Amii Barnard-Bahn tackles your questions on change management, compliance training, creating a culture of compliance, and more.
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New guidance (somewhat) relaxes federal contractors’ compensation audits
The Labor Department’s Office of Federal Contract Compliance Programs has released a new directive outlining the agency’s procedures for reviewing contractor compensation practices that promises “greater transparency, consistency, and efficiency in compliance evaluations.”
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Congressional debate emerges: How to regulate social media
Fueled by election tampering and “fake news,” social media companies are creeping ever closer to facing new regulation.
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ArticleThe ‘compliance transformation’ is coming
The compliance officer of the future will need to have the same foundational requirements for the job, but also the flexibility to adapt to the rapid changes technology is bringing to the industry.
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ArticleMy Compliance Library: Compliance lessons of fusing brand and culture
Richard Bistrong takes an in-depth look at Denise Lee Yohn’s, “Fusion, How Integrating Brand and Culture Powers the World’s Greatest Companies,” which offers organizations a model for merging internal values with external branding and guides the compliance function in linking stated values to operations.
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ING reaches $900M settlement with Dutch authorities
Global financial institution ING announced Tuesday that it has reached a $900 million settlement with Dutch authorities to resolve its money laundering case. A close reading of the enforcement action offers numerous lessons for compliance and risk officers.
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Guidance equips companies to advance CECL adoption
Recent guidance and potentially more to come is aiding companies in their long journey to adopt the new CECL method for reflecting credit losses.
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ArticleCompliance analytics can help you harness the power of data
If you’re drowning in a sea of information, compliance analytics might be the life vest that can rescue you from chaos.
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ArticleAs artificial intelligence rises, let’s not forget about human intelligence
Will technology eventually replace people in the compliance space? Not anytime soon, say experts, who believe human analysis—and accountability—will never go away.