Articles | Compliance Week – Page 242
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SEC keeps options open for mandatory shareholder arbitration
SEC Chairman Jay Clayton has floated the idea of mandatory shareholder arbitration, raising issues about agency enforcement and investor protection.
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ArticleCryptocurrencies give rise to a new kind of hacking threat
Recent price spikes of virtual currencies have inspired a new breed of hackers who don’t want your data—just your processing power.
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Creating a culture open to change
In this latest installment of the GRC Illustrated Series, OCEG and Compliance Week explore ways to help companies combat resistance to a change in corporate culture.
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Early adopters of simpler hedge rules pause in uncertainty
Simpler hedge accounting regulations have accountants and FASB alike wondering if they need even further clarification.
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In M&A, SEC hints at relief over accounting rule differences
M&A deals could become a little more complicated this year as a result of changes in accounting standards and complexity around what needs to be reported.
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Court ruling limits scope of SEC whistleblower reporting
The U.S. Supreme Court has unanimously required whistleblowers to report complaints directly to the SEC to receive its anti-retaliation protections.
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New DoJ policies favor corporate defendants
The Justice Department has issued a trio of memoranda that provides a wealth of legal, compliance, and internal audit insight on whistleblower complaints or false claims cases.
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Slowly but surely, Luxembourg is complying with AMLD 4
Although it is uncharacteristically behind schedule, Luxembourg’s legislature is working on implementing transparency measures in line with AMLD 4. But will it be fast enough to avoid penalties from the European Commission?
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Russia’s largest companies lag in transparency efforts
Turns out, the financial disclosure practices of Russia’s largest companies by revenue are pretty dismal. But what best practices can we learn from that? You might be surprised.
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Q&A: Honor, culture, and compliance
The dean of Washington & Lee’s school of commerce, economics, and politics weighs in on what role personal honor and integrity can play in the world of today’s chief compliance officers.
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Are U.K. businesses ready for PEPPOL?
A new pan-European standard for public procurement should alleviate a lot of financial administration, but only for those ready to comply with the standard’s new rules.
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Report: Royal Bank of Scotland abused small businesses during financial crisis
The U.K. Financial Conduct Authority has released a report detailing how RBS mistreated distressed small businesses over a six-year period starting in 2009.
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Complying with transparency: the Oxfam lesson
As U.K. charity organization Oxfam deals with its own sexual misconduct scandal, it illustrates the need for organizational transparency.
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New U.K. recall regulator for ‘white goods’
The U.K. government has set up a new national body to tackle the recall of dangerously faulty white goods and electrical items following evidence that manufacturers are slow to carry out the process and local authorities are disinclined to oversee it.
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Due diligence best practices for corporate sponsors
With the Olympics underway, now is a good time for compliance officers to review how they ensure their corporate spokespeople and their own codes of conduct are in sync.
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The evolving role of the financial function in India
A combination of new laws in India to address corruption and other risks is drastically changing how financial services firms operate—especially in regard to accounting—within the country.
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Financial firms collaborate to defend against cyber-threats
Several financial institutions are voluntarily banding together to strengthen their cyber-security defenses and provide additional protections for consumer account information.
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Data quality is the fuel that makes AI run
For compliance officers looking to harness the power of machine learning and artificial intelligence into their programs, they first must make sure they are working with good data.
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Big money fines emphasize focus on AML compliance
Speculation that anti-money laundering fines might shrink in the current political climate were proven very wrong in recent days.
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Cyber-security attestations now required for leadership at NY’s financial firms
Tough new cyber-security regulations, crafted in New York, require board members and senior officials to not just talk the talk.