Appointment Blogs | Compliance Week – Page 187
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GSK to pay $20M to SEC to resolve bribery charges
U.K. pharmaceutical giant GlaxoSmithKline will pay a civil money penalty in the amount of $20 million to the Securities and Exchange Commission to resolve charges concerning bribery payments made to government officials in China. Jaclyn Jaeger reports.
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HPE, Iron Mountain form alliance
Hewlett Packard Enterprise has formed a strategic collaboration with Iron Mountain, a storage and information management services firm, to help organizations automate the application and execution of legal policy against their content and information repositories.
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Optiv launches technology-enabled third-party risk management solution
Optiv Security, a provider of end-to-end cyber-security solutions, announced the release of its new technology-enabled third-party risk managed service. Leveraging Optiv’s proven Software-as-a-Service based third-party risk management platform, Evantix, this service enables companies to better manage the complete third-party risk management lifecycle, resulting in improved compliance and risk management.
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Machine Learning capabilities drive new Splunk products
Splunk, a software platform provider for real-time operational intelligence, has released several new versions of its suite of Splunk products: Splunk Enterprise, Splunk IT Service Intelligence, Splunk Enterprise Security, and Splunk User Behavior Analytics. Available on-premises or in the cloud, the newest versions of Splunk solutions leverage machine learning to ...
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Of soccer, cheating, and Sam Allardyce
The sacking of English football manager Sam Allardyce for explaining how to cheat at football to an undercover sting newspaper operation is an important reminder why the top of an organization sets the tone, says The Man From FCPA Tom Fox.
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Audit committees continue incremental disclosure increases
A fresh EY study of audit committee disclosures shows audit committees are still making new strides in increasing their voluntary disclosures in annual proxy statements. Tammy Whitehouse has more.
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Fordham Law School appoints senior director of compliance programs
Fordham Law School has announced the appointment of Alice BrightSky as the school’s senior director of compliance programs. BrightSky will be managing Fordham Law’s corporate compliance initiatives, including two master’s degree programs—Master of Studies in Law (M.S.L.) and Master of Laws (LL.M.)—and the Corporate Compliance Institute.
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Misonix discloses FCPA investigation
Medical-device maker Misonix said it voluntarily contacted the Securities and Exchange Commission and the U.S. Department of Justice this week to inform them about potential violations of the Foreign Corrupt Practices Act. Jaclyn Jaeger reports.
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SEC will hold FinTech forum on Nov. 14
The SEC will host a public forum to discuss innovation in the financial services industry and the evolution of FinTech at the SEC’s Washington D.C. headquarters on Nov. 14, with a live webcast on the Commission’s website. Joe Mont reports.
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Och-Ziff to pay $412M for FCPA violations
Och-Ziff Capital Management Group and wholly-owned subsidiary OZ Africa Management will pay $412M for the bribery of government officials in Africa—the first time a hedge fund has been accountable for FCPA violations. Jaclyn Jaeger has more.
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Ready for T+2? Proposal seeks shorter settlement cycle
A rule amendment to shorten the standard settlement cycle for most broker-dealer securities transactions from three business days after the trade date (T+3) to two business days after the trade date (T+2) was proposed by the Securities and Exchange Commission on Sept. 28. The move is intended to keep pace ...
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FASB proposes amortization change on some debt securities
FASB is proposing to change the accounting for callable debt securities, altering amortization provisions for those purchased at a premium. Tammy Whitehouse has more.
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Time for ‘Le Journal de Jérôme Kerviel, part deux?’
In 2008, Bruce Carton wrote about the saga of Jérôme Kerviel—a comic book that told the story of the then-31-year old junior trader who nearly brought down French bank, Société Générale, with his rogue trading. In light of more Kerviel-related events since 2008, is a sequel in order?
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California Treasurer suspends state's business with Wells Fargo
California State Treasurer John Chiang has suspended his state's financial relationships with Wells Fargo and, with a threat to blacklist the bank permanently, is demanding corporate governance reforms.
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Singapore’s increased AML scrutiny might affect everyone
As Singapore considers cracking down on money laundering, the impact of such a move may ripple far beyond that nation’s own banking system. Tom Fox has more.
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Weatherford to pay $140M for accounting fraud
Switzerland-based oilfield services giant Weatherford International will pay $140M to settle charges that it inflated earnings by using deceptive income tax accounting. Jaclyn Jaeger reports.
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Jane Norberg named chief of SEC's Office of Whistleblower
Yesterday, the SEC named Jane Norberg as the new Chief of the SEC’s Office of the Whistleblower. Norberg, previously the Acting Chief, fills the position left vacant when Sean McKessy left the agency this summer.
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The DoJ's view on what does—and doesn't—constitute meaningful cooperation
The Department of Justice’s Bill Baer provides the perspective needed to answer: What does, and what does not, constitute meaningful cooperation? Joe Mont reports.
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Reflections on the compliance profession from the SCCE Compliance and Ethics Institute
The Man From FCPA Tom Fox reflects on the changing role of the compliance practitioner and other lessons learned at the recent 15th annual SCCE Compliance and Ethics Institute in Chicago.
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Anheuser-Busch InBev settles FCPA case with SEC for $6M
Anheuser-Busch InBev today reached a $6 million settlement with the Securities and Exchange Commission for violations of the Foreign Corrupt Practices Act (FCPA) and for chilling a whistleblower who reported the misconduct. Jaclyn Jaeger reports.