Appointment Blogs | Compliance Week – Page 241
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Bill Would Force Tech Companies to Report Terrorist Activity
Social media sites would be required to report terrorist activity on their networks if newly reintroduced legislation gains needed support. The Requiring Reporting of Online Terrorist Activity Act would require technology companies to alert law enforcement agencies to online terrorist activity. The bill stops short, however, of requiring companies to ...
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Wyndham Settles FTC Charges in Cyber-Security Case
Wyndham Worldwide this week agreed to settle charges with the Federal Trade Commission that the company’s security practices unfairly exposed the payment card information of hundreds of thousands of consumers to hackers in three separate data breaches. The FTC first filed the complaint against Wyndham in 2012 over allegations that ...
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Southern Company Names Chief Compliance Officer
Southern Company has named Thomas Bishop as chief compliance officer and deputy general counsel for Southern Company Services, effective Jan. 1. In his new role, Bishop will provide regulatory and legal leadership and direction in coordination with compliance officers and directors across the Southern Company system.
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Survey: Banker Bonuses Plummet in 2016
Image: Bankers should see a sharp fall in their bonuses this year in light of new regulations and increased shareholder pressure around soaring banker bonuses. According to a U.K.-based salary benchmarking website, investment banker bonuses are expected to take a 4 percent dip this year. Last month, at an academic ...
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Europe Postpones Financial Transaction Tax Deal
Eurozone nations have yet to reach a deal regarding the new controversial European financial transactions tax, but they could reach an agreement by mid-2016. The proposal received support from 10 nations—with the exception of Estonia, which cited concerns about the January 2016 implementation deadline. Industry analysts believe that even while ...
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Haskell & White Adds Director of Finance and Administration
Haskell & White, an independently owned accounting, auditing, and tax consulting firm, has hired Eleanor Schultz as the firm’s director of finance and administration. Schultz will oversee the firm’s internal accounting and finance functions, human resources, and facilities and will play a key role in assisting with the firm’s overall ...
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AvePoint Enhances Privacy Impact Assessment Solution
AvePoint, a provider of enterprise-class governance, compliance, and management solutions, recently announced the general availability of the latest release of the AvePoint Privacy Impact Assessment (APIA) solution, exclusively distributed by the International Association of Privacy Professionals. APIA mitigates the risk inherent with manual privacy impact assessments, helping organizations understand and ...
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FIFA Internal Investigation: Between Scylla and Charybdis
Image: In theory, U.S. and Swiss authorities are working in tandem to investigate allegations of misconduct by the leaders of the FIFA professional soccer organization. In practice … relations are a bit more complicated, and that leaves the law firm handling FIFA’s internal probe in a difficult spot. CW anti-corruption ...
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OGE Energy Appoints New Board Member
OGE Energy has appointed Frank Bozich to the company's board of directors and as member of its audit committee, effective with its first regular meeting in 2016. Bozich's term will expire at the company's annual shareholders' meeting scheduled for May 19, 2016, at which time he will stand for re-election ...
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Conflicts of Interest in Track & Field: Perception or Reality?
Image: FIFA and NFL football are not the only sports mired in ethical controversy any more; now track and field has entered the race. The latest scandals include allegations of rampant doping among Russian athletes, and a clear conflict of interest from the new director of the sport’s oversight body. ...
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SEC Takes Another Crack at Extractive Payments Rule
After years of delays and lawsuits, the Securities and Exchange Commission will meet on Friday morning to debate whether it is ready to propose a new rule that requires publically traded oil, gas, and mining companies to disclose payments made to governments for extraction rights. The Dodd-Frank Act mandate led ...
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First British DPA Provides Much to Ponder
It has finally come to pass: the first deferred-prosecution agreement under the U.K. Bribery Act. From the role of judicial oversight (greater than that in the United States) to the final statement of facts (much greater than that in the United States), the settlement with ICBC Standard Bank is full ...
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What Makes a Good ‘Pen Tester’
Penetration testing is the exercise of testing a company’s cyber-security defenses, and finding the right “pen tester” to do that can be difficult. Learn how to find the right blend of capable, trustworthy, and innovative cyber-security professionals. More inside.
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Cordium Launches Social Media Review Service
Cordium, a global provider of compliance consulting and software solutions to the financial services industry, has announced the launch of a new social media review service. Cordium’s compliance consulting team has historically offered social media reviews to its clients as part of its broader compliance consulting program, but this is ...
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FASB Tests Materiality Ideas With Fair-Value Disclosure Proposal
As part of its effort to improve disclosure requirements, FASB is proposing new disclosure provisions around fair-value measurements to make fair-value disclosures more meaningful to investors. The proposal says entities would provide required disclosures if they are material, and would remove phrases such as “an entity shall disclose at a ...
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IT Audit Executives Struggle With Pace of Change, Survey Shows
Image: Rapid innovation, disruption, and growth in cyber-security risks are the biggest technology challenges for IT auditors, a survey from ISACA and Protiviti says. Managing Director David Brand says, “IT audit professionals have recognized the need to grow their knowledge and expertise while also updating their policies, processes, people, and ...
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Grand Opening: Photo Wing of the Enforcement Action Art Gallery!
In September 2015, I was motivated by an awesome drawing of the five SEC commissioners reimagined as WWE wrestlers to launch the Enforcement Action Art Gallery. It occurs to me, however, that there are many photographs that need to be preserved, as well. Welcome to the new Photo Wing!
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Hitachi Settles Case With African Development Bank
The African Development Bank Group (AfDB) announced this week that it reached a settlement agreement with Japan-based Hitachi. The African Development Bank (AfDB) Integrity and Anti-Corruption Department alleged that Germany-based Hitachi Power Europe, and its South African subsidiary, Hitachi Power Africa, engaged in sanctionable practices in exchange for a boiler ...
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SFO: Sweett Group Admits to Bribery
The U.K. Serious Fraud Office this week confirmed that Sweett Group, a British property management, construction and surveying company, admitted to violating the Bribery Act, regarding conduct in the Middle East. The resolution would mark the SFO’s first conviction since enactment of the Bribery Act in 2011. More inside.
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Lincoln Financial Group Names General Counsel
Lincoln Financial Group has named Kirkland Hicks as general counsel, effective Dec. 10, 2015. In this role, Hicks will oversee all activities for the law, compliance, government relations, and corporate secretary functions of the company, as well as provide strategic counsel to the CEO and senior management team. Details inside.