Financial analytics provider S&P Global agreed to pay $78,750 as part of a settlement with the Office of Foreign Assets Control regarding alleged dealings with sanctioned Russian state-owned oil company Rosneft in 2016 and 2017.
Kyle Brasseur
Posted inAnti-Bribery
DOJ declines FCPA prosecution of insurance broker JLT
The Department of Justice informed Jardine Lloyd Thompson Group Holdings it would not face prosecution under the Foreign Corrupt Practices Act despite alleged evidence of nearly $3.2 million the company paid in bribes to Ecuadorian government officials.
Posted inAccounting & Auditing
PCAOB urges auditors assess widespread implications of Ukraine crisis
Auditors must emphasize continuous monitoring and reassessment of relevant implications in navigating the economic climate following Russia’s invasion of Ukraine, according to guidance from the Public Company Accounting Oversight Board.
Posted inAccounting & Auditing
FASB issues CECL disclosure updates
The Financial Accounting Standards Board finalized amendments to its credit losses standard aimed at enhancing loan modification and writeoff disclosures.
Posted inAccounting & Auditing
Baidu headlines new batch of HFCAA designations
Technology giant Baidu is the latest high-profile Chinese company to be warned by the Securities and Exchange Commission of potential delisting under the Holding Foreign Companies Accountable Act.
Posted inRegulatory Policy
New-look CFTC hails diversity after four commissioners confirmed
The Commodity Futures Trading Commission will feature its “most diverse set of commissioners in the agency’s history” after the Senate confirmation of four nominees—all women, and three women of color—to vacant board seats.
Posted inRisk Management
Ukrainian telecom victim of ‘powerful’ cyberattack
Ukrainian telecommunications company Ukrtelecom is in the process of restoring its services after a “powerful” cyberattack wreaked havoc on its operations.
Posted inAccounting & Auditing
FASB finalizes update to hedge accounting layering method
The Financial Accounting Standards Board issued an update designed to further align its derivatives and hedging standard with risk management strategies employed by organizations.
Posted inAccounting & Auditing
Five insights gleaned from PCAOB audit committee chair report
The Public Company Accounting Oversight Board published its annual report highlighting feedback received from its discussions with audit committee chairs at U.S. public companies during the previous year.
Posted inRegulatory Enforcement
Kenneth Polite to deliver keynote at Compliance Week 2022
Kenneth Polite Jr., head of the Department of Justice’s Criminal Division and a former chief compliance officer, will deliver a morning keynote at Day 2 of Compliance Week’s National Conference in Washington, D.C. from May 16-18.
