Articles | Compliance Week – Page 243
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ArticleNew rules accelerate recognition of unredeemed gift cards
Gift card issuers have a new post-holiday-season hangover issue to address this year as they adapt to new accounting rules on how to recognize gift card revenue.
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SFO charges Barclays a second time over fraudulent $3B Qatar loan
Barclays will face charges of unlawful financial assistance in relation to an illegal transaction during the height of the financial crisis to keep the bank from failing.
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China amends, clarifies law addressing commercial bribery
For the first time in two decades, Chinese regulators have amended the Anti-Unfair Competition Law, giving companies more clarity on what constitutes commercial bribery.
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European Commission fines Qualcomm €997M for Apple deal
What was supposed to be a sweetheart deal with Apple for supplying smartphone microchips has turned into a major enforcement action for Qualcomm.
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Keeping your harassment policies fresh and inspiring
In any industry, having policies and procedures that address sexual harassment is a good start, but more telling will be how the code is enforced in the weeks and months to come.
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SEC considers amending auditor independence rules
Has it become unrealistic for some companies to engage truly independent auditors? Exploring that possibility, the SEC may amend its independence rules.
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Companies twist and abuse non-disclosure agreements
Companies that use NDAs, traditionally intended to protect intellectual property and trade secrets, as a form of “pretaliation” are courting danger.
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How much disruption can shareholder activists cause?
The rising trend toward shareholder activism has incited boards of directors to seek defensive measures, but do shareholders pose that much of a threat?
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ArticleUber breach sheds light on how companies use ‘bug hunters’
As a cyber-security tool, companies are turning to outsiders to hunt down software and security flaws. The concern is that bug bounties may become excessive or reward illegal activity.
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FDIC recordkeeping rule poses a big bank data challenge
To get a better grip on resolution planning, the FDIC wants banks to do a better job keeping track of deposit data.
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Carillion: compliance without complying
The Carillion collapse illustrates once again that compliance with the U.K. corporate governance code does nothing to prevent bad actors from making bad decisions.
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ArticleMy Compliance Library: Latest books show the way to better ethical decision making
Workplace pressures can challenge even the most ethically stalwart, so how can we better frame tough ethical dilemmas and better see when we’re compromising our own values?
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Lax AML controls plague Mexico's financial services sector
Politically exposed persons, beneficial ownership, and suspicious transactions all continue to bedevil Mexican banking efforts to combat money laundering and terrorism financing.
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How data and analytics drive Microsoft’s compliance mission
As a leading global enterprise, Microsoft has a pretty full plate of compliance matters to handle. That’s why it relies so much on data, analyftics, and skillful oversight to manage its risk.
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Lactalis baby milk recall a nightmare of its own making
French dairy giant Lactalis is facing a massive baby milk recall both due to salmonella and its failure to disclose the contamination in a timely manner.
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Preventing sexual misconduct at work starts with culture
Allegations of sexual misconduct that have surfaced in recent months underscore how important it is to reevaluate how to address sexual harassment in the workplace.
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ArticleFraud, conspiracy charges pile on audit committee task list
Charges of fraud and conspiracy have rocked the audit profession and raised concerns about the regulatory process, leaving audit committees with more questions to ask auditors.
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Prudential Financial’s Lee Augsburger and the power of culture
When you’re one of the world’s biggest insurance companies, embracing cultural difference is key to creating a truly global compliance program that delivers results.
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Adapting the regulatory landscape for FinTech remains a challenge
As FinTech services proliferate, state and federal regulators are considering how to create a simpler set of rules, but progress has been slow.
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Equal pay fast becoming a U.K. compliance issue
Disputes over discrepancies in compensation are rapidly involving both boardrooms and human resources in ways that compliance will ultimately oversee.