Appointment Blogs | Compliance Week – Page 216
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Accellion adds security features to further safeguard data
Accellion, a provider of private cloud solutions for secure file sharing and collaboration that ensures data security and compliance, announced the addition of several key security features to its kiteworks secure content platform to further safeguard enterprise data from a costly data breach.
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SEC launches new calculation tool for filing fees
The Securities and Exchange Commission has released a new online tool to help companies calculate registration fees for form submissions to EDGAR, its electronic database of financial reports and other filings. The new Registration Fee Estimator is intended to improve the accuracy of fee calculations and minimize the need for ...
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LockPath launches Keylight Version 4.4
LockPath, a provider of GRC solutions, recently announced significant enhancements to its Keylight Platform. In version 4.4 of Keylight, LockPath extends the functionality of its Dynamic Content Framework across the entire platform.
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NICE Actimize launches AML cloud solution
NICE Actimize, a NICE Systems business and provider of financial crime, risk and compliance software for the financial services industry, announced the launch of its Actimize AML Essentials Anti-Money Laundering Cloud solution, providing end-to-end packaged AML compliance capabilities designed specifically for the unique needs of mid-sized financial institutions.
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MediaPro launches Adaptive Awareness Framework
MediaPro, a security awareness training firm, recently unveiled the Adaptive Awareness Framework, designed to change the way organizations have approached security, privacy, and compliance training. The Adaptive Awareness Framework, MediaPro’s proprietary model for supporting tools needed to expand employee knowledge and change behavior, is closely aligned with and in support ...
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Goldman Sachs hit with $5 billion settlement
The Justice Department last week announced a $5 billion settlement with banking giant Goldman Sachs to resolve claims related to its packaging, securitization, marketing, sale, and issuance of residential mortgage-backed securities. The resolution requires Goldman to pay $2.4 billion in a civil penalty under the Financial Institutions Reform, Recovery and ...
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Duke Energy forms new Business Transformation and Technology group
Duke Energy, an electric power holding company, announced the creation of a new “Business Transformation and Technology” group. This group will be comprised of the company's existing information, technology and security organizations, as well as resources dedicated to business transformation.
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Carnival chief accounting officer resigns
Carnival, a cruise line company, said in a regulatory filing that Chief Accounting Officer and Controller Larry Freedman has resigned.
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The compliance side to Obama’s new tax incentives
At the end of 2015, President Obama signed into law a number of federal tax incentives for businesses to encourage various hiring, training, and investing practices. But there are special compliance considerations that come with all of these programs. CW Editor Bill Coffin offers a closer look.
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What does the controversial pay raise for BP’s CEO mean for compliance?
Image: What are the implications of CEO pay during an economic downturn for your compliance program? In this piece, the Man From FCPA Tom Fox explores that question in the context of BP’s recent pay raise given to Bob Dudley, who, as CEO, laid off thousands of employees and saw ...
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BlogFRC: What investors should expect in company records
Stephen Haddrill, chief executive of the U.K.’s Financial Reporting Council, wrote a letter to investors highlighting recent changes to companies’ annual reports and advising investors on what to expect in the coming crop. The report is “intended to be an important source of forward-looking information about strategy and risk,” he ...
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New Justice Department guidance and FCPA Pilot Program
When the DoJ speaks, chief compliance officers should listen—especially when the talks center on enforcement. The agency has launched a pilot program for Foreign Corrupt Practices Act enforcement that details three areas of self-disclosure to be required by companies going forward. If a company meets all three areas, it could ...
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FASB finalizes guidance on licensing, performance obligations
FASB has issued guidance related to the revenue recognition standard to clarify licensing and identifying performance obligations. The guidance says entities are not required to assess whether promised goods or services are performance obligations if they are immaterial in the contract with the customer. It also provides some clarification around ...
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OSC set to launch whistleblower program in summer 2016
The chairman of the Ontario Securities Commission confirmed this week that the OSC's new whistleblower office is expected to receive final approval in June 2016 and begin operations in "early summer" 2016. The OSC will be the first securities regulator in Canada to adopt a whistleblower program.
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75% of S&P 100 report non-GAAP earnings, study shows
A recent Georgia Tech Financial Analysis study found that 75 S&P 100 companies reported non-GAAP earnings in 2013, with 48 companies making adjustments as a result of gains or losses due to non-recurring events. Income taxes gave rise to 30 adjustments, and 27 adjustments arose from restructuring and productivity-related charges.
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Will Olympus see FCPA trouble in China?
Trouble seems to follow Japan-based Olympus. The company, which admitted in 2011 to a $1.7 billion accounting fraud, is once again facing corruption allegations. Olympus hired China-based Anyuanto to help turn it around, despite the fact that Anyuan’s chairman had previously been convicted of fraud; Olympus’ contract wasn’t with Anyuan ...
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New EU auditor rotation rules have auditors playing musical chairs
Are companies ready for new EU-wide auditor rules coming in June? A survey commissioned by Big Four firm EY of 100 senior-level executives and non-executives in the FTSE 350 finds that while a majority, 83 percent, understands the rotation rules, only 42 percent have a plan in place. More than ...
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BlogBanks get report cards, to-do demands for their ‘living wills’
The Federal Deposit Insurance Corporation and the Federal Reserve Board have released firm-specific report cards on the 2015 resolution plans of eight systemically important, domestic banks. The determinations were made public on Wednesday, one day after a report by the Government Accountability Office called for greater transparency in how their ...
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BlogEU data protection authorities concerned with EU-U.S. Privacy Shield
A draft transatlantic data transfer framework approved in February by the European Commission and the U.S. Department of Commerce received a less-than-enthusiastic response from EU data protection authorities in an opinion released today, effectively giving U.S. companies little assurance as to how they can legally transfer personal data from Europe ...
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Calvert Investments appoints chief compliance officer
Calvert Investments has appointed Jason Rosenberg as chief compliance officer for the investment advisor and broker-dealer. Rosenberg is the latest in a series of recent hires by Calvert to ensure a strong culture of compliance.