Appointment Blogs | Compliance Week – Page 104
-
Blog
FCA publishes discussion paper on transforming culture in financial services
The U.K. Financial Conduct Authority has published a discussion paper on transforming culture in financial services, presenting views from academics and industry thought leaders. The paper is intended to provide a basis for stimulating further debate on transforming culture in the sector.
-
Blog
IdentityMind Global creates business unit dedicated to ICO, cryptocurrency markets
IdentityMindGlobal—a SaaS platform provider that builds, maintains and analyzes digital identities worldwide—announced the launch of a new business unit specifically dedicated to providing know your customer and anti-money laundering solutions to address the regulatory and compliance requirements of the rapidly growing Initial Coin Offering and cryptocurrency markets.
-
Blog
PwC internal audit study centers on need for innovation
Technology and innovation should be a priority for internal auditors, in terms of both the risks it produces and how auditors use it to address risks.
-
Blog
Quantexa and Arachnys partner in fight against financial crime
Big Data specialist Quantexa is partnering with Arachnys in the fight against financial crime. Both technology providers will be harnessing the power of each other’s respective technologies to identify and monitor customer risk.
-
Blog
New suspicious activity monitoring solution uses AI technologies
NICE Actimize, a provider of financial crime, risk and compliance solutions for regional and global financial institutions, has launched its next-generation Suspicious Activity Monitoring solution, which combines machine learning analytics for laser-accurate crime detection with robotic process automation.
-
Blog
SEC charges Elbit Imaging with violations of FCPA
The SEC charged Israel-based Elbit Imaging with violating the books and records and the internal accounting controls provisions of the Foreign Corrupt Practices Act. Elbit agreed to a cease-and-desist order and to pay a $500,000 civil money penalty.
-
Blog
Tesla cryptically announces chief accounting officer departure
In a strangely cryptic message, Tesla disclosed in a regulatory filing last week the departure of Eric Branderiz. What Tesla did not disclose is that Branderiz was the company's chief accounting officer.
-
Blog
GAM Holding names group head of compliance
GAM Holding, a U.K. asset management company, has hired Natalie Baylis to serve in the newly created role of group head of compliance. In other news, GAM announced that Dirk Spiegel, group general counsel, has decided to leave the company to pursue other opportunities.
-
Blog
DXP Enterprises chief accounting officer to retire
DXP Enterprises announced in a securities filing that Senior Vice President and Chief Accounting Officer Mac McConnell has notified the company of his intention to retire, effective March 31.
-
Blog
Top issues at shareholder meetings include global trade, misconduct
Executive misconduct, cyber-breaches, global trade concerns, demands for transparency, and historic changes brought about by the new tax law are among the topics being discussed in corporate board rooms, according to a new report by BDO USA.
-
Blog
NYSE to pay $14M for regulatory failures, violation of Reg SCI
The SEC has charged the New York Stock Exchange and two affiliated exchanges with regulatory failures in connection with several disruptive market events. The charges include include the first-ever charged violation of Regulation SCI.
-
Blog
Voya advisers settle SEC charges they failed to disclose securities lending conflict
The SEC has charged investment adviser subsidiaries of Voya Holdings with failing to disclose conflicts of interest. They were also acused of misleading disclosures in connection with their practice of recalling securities on loan so affiliates could receive tax benefits.
-
Blog
IFIAR reports some audit improvement; calls for more
Audit regulators globally say they’re seeing some incremental improvement in audit inspection results, but not yet enough.
-
Blog
Sanofi: Department of Justice ends FCPA probe
French pharmaceutical company Sanofi said that the U.S. Department of Justice has closed its inquiry into allegations concerning potential violations of the U.S. Foreign Corrupt Practices Act.
-
Blog
A mixed assessment of steel, aluminum tariff plan
President Trump’s plan to impose tariffs on imports of steel and aluminum is drawing a wide range of domestic reactions, from joy to outrage, and skepticism that global surcharges could spark a trade war without truly targeting the problem of Chinese over-production.
-
Blog
Fearing cooking oil monopoly, FTC torches Smucker/Wesson deal
Under pressure from the Federal Trade Commission, J.M. Smucker Co. has decided to drop its proposed acquisition of Wesson cooking oil from Conagra Brands.
-
Blog
Volcker rule reforms afoot at Federal Reserve
The Federal Reserve is “considering broad revisions to the Volcker rule compliance regime,” in addition to changes to make the rule easier to understand and less burdensome, says Vice Chairman for Supervision Randal Quarles.
-
Blog
Labor Dept. encourages self-reporting of wage violations
The Wage and Hour Division of the U.S. Department of Labor has announced a new initiative intended to encourage self-reporting of wage and hour violations.
-
Blog
Big banks want nationwide breach standards
the Financial Services Roundtable, a trade group for the nation’s largest banks, is calling upon Congress to “enact a strong set of national data security standards” in efforts to better protect consumers and sensitive financial information.
-
Blog
PCAOB censures former engagement partner over Koss audits
The PCAOB has censured the partner who oversaw audits at Koss, where a top finance executive went prison on charges of embezzling more than $30 million.