Articles | Compliance Week – Page 238

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FCA strives for smooth regulatory transition in event of no-deal Brexit

2018-10-11T12:00:00Z

The U.K. Financial Conduct Authority has published two consultation papers to help companies prep for regulation in the event of a no-deal Brexit.

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Heathrow Airport operator fined for data breach

2018-10-10T10:00:00Z

The U.K.’s biggest airport operator has been fined £120,000 after an unencrypted USB memory stick that reportedly contained security details about the Queen’s travel plans was found by a member of the public on a busy London street.

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Google’s hidden breach could be regulatory tipping point

2018-10-09T14:30:00Z

A March data breach, kept under wraps until now, could spell regulatory trouble for Google and its tech brethren.

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Revenue compliance questioned heading toward year-end

2018-10-09T11:45:00Z

Whatever public companies have disclosed about revenue recognition so far, regulatory reaction after two quarterly filings would suggest they should plan to say more.

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Petrobras case sheds light on how to avoid a corporate monitor

2018-10-05T11:30:00Z

Any company under a criminal investigation by the U.S. government looking to avoid the appointment of a compliance monitor will want to take a page from Brazilian state-owned energy company Petrobras. Gibson Dunn partner Joe Warin, who represented Petrobras, offers some tips inside.

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FTC urges a ‘rethink’ of data privacy at hearing

2018-10-03T16:30:00Z

Amid consideration of building upon the FTC’s role in policing consumer privacy, the agency held a roundtable to discuss current rules and enforcement challenges.

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Benchmarking study: Compliance programs in retail industry need to grow up

2018-10-03T14:00:00Z

A new study that takes a hard look at retail companies finds the industry as a whole needs to elevate and mature its compliance programs.

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California first U.S. state to mandate women on boards

2018-10-02T16:15:00Z

Boards of directors for California public companies will now need to ensure that they seat more women at the table.

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Tax reform puts pressure on foreign earnings assertions

2018-10-02T08:45:00Z

The Tax Cuts and Jobs Act is compelling companies to think hard about long-standing assertions that foreign earnings are indefinitely reinvested abroad.

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Three compliance lessons from Elon Musk’s SEC deal

2018-10-01T16:45:00Z

Elon Musk, Tesla, and the SEC have agreed upon a settlement to resolve potential securities fraud perpetrated by an August tweet. Important lessons and reminders for compliance officers rise to the surface of that document.

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Sexual harassment legislation gaining momentum at state level

2018-10-01T12:00:00Z

Numerous states over the past few months have passed laws, or have legislation in the works, that seek to prevent sexual harassment in the workplace, and that means stringent new compliance obligations for companies.

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SEC targets Musk for ‘misleading’ Tesla tweets

2018-09-27T18:30:00Z

The Securities and Exchange Commission is suing Tesla for online comments made last month by founder Elon Musk about possibly taking the publicly traded company private, and is seeking to oust Musk as CEO.

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Petrobras to pay $853.2M in corruption case

2018-09-27T14:15:00Z

Brazilian state-owned energy company Petrobras on Thursday reached a coordinated resolution with U.S. and Brazilian authorities, agreeing to pay a combined $853.2 million for playing a role in one of the largest political corruption investigations the world has ever seen.

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Hospital chain to pay more than $260M to resolve false billing, kickback allegations

2018-09-26T17:30:00Z

Health Management Associates will pay more than $260 million to resolve criminal charges and civil claims relating to a scheme to defraud the United States.

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While supportive, tech companies haggle over federal privacy law

2018-09-26T17:00:00Z

Well past the point of omens, it seems that a federal consumer privacy law is imminent. But what should that law be? How should it mimic GDPR requirements and those of states like California? The devil may be uploaded with the details.

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Compliance software provider directory

2018-09-25T14:50:00Z

Compliance Week reached out to more than 60 providers it has partnered with in the past and asked them to share information about the software solutions they offer.

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Withdrawal of past guidance signals a contentious start to SEC’s proxy process review

2018-09-25T14:45:00Z

Critics of proxy advisory firms are cheering the withdrawal of 2004 no-action letters that they say empowered and entrenched the firms.

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Survey says you’re likely shopping for new compliance technology

2018-09-25T11:30:00Z

Here’s what we know: You have a mandate to upgrade your compliance technology, at least some budget to do it, and sky-high expectations for improved operational efficiency and robust data reporting. At least that’s what the results of our compliance technology survey tell us. Are we close?

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Hidden ownership in high-end real estate

2018-09-25T11:15:00Z

Title: OCEG: Hidden ownershipThis latest installment of the Compliance Week/OCEG GRC Illustrated series explores how fraudsters are using high-end real estate to launder money.

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As FinTech support grows, can Congress keep from hitting the brakes?

2018-09-24T16:45:00Z

As it so often is in the world of financial services, FinTech evangelists want rule streamlining and deregulation. Is that the right approach?