Appointment Blogs | Compliance Week – Page 79
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FCPA inquiry into Güralp Systems Limited ends as SFO investigation continues
Consistent with its FCPA Corporate Enforcement Policy, the Department of Justice has closed its Foreign Corrupt Practices Act inquiry into U.K. company Güralp Systems, without bringing any action, as the maker of seismic testing equipment faces an ongoing parallel investigation by the U.K. Serious Fraud Office.
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Senate Banking Committee advances SEC nominee
The Senate Banking Committee, on Thursday, approved the nomination of Elad Roisman for the Securities and Exchange Commission. He now heads to a confirmation vote by the full Senate.
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Aircastle Limited names chief accounting officer
Aircastle Limited has appointed Jim Connelly as chief accounting officer.
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CFTC simplifies its regulations governing compliance officers
The Commodity Futures Trading Commission on Aug. 21 unanimously approved final amendments clarifying and simplifying its regulations governing chief compliance officer duties and annual compliance reporting requirements for futures commission merchants, swap dealers, and major swap participants.
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SEC enforcements against accountants taper, report says
SEC enforcement actions against accountants have tapered off the past few years, according to a new analysis, while PCAOB actions jumped and remained high.
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IRS issues notice on compensation rules under tax reform
Companies are getting a little more clarity from the IRS on how to interpret provisions under tax reform affecting executive compensation.
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Treasury targets Russian shipping companies
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) today announced that it has targeted Russian shipping firms for violating North Korea-related United Nations Security Council Resolutions.
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Royal Mail hit with massive fine for competition breach
Parcel delivery firm Royal Mail is appealing a decision from U.K. communications regulator Ofcom, which determined the company sought to thwart wholesale customer Whistl from competing with its bulk mail delivery service.
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FASB proposes amendments to CECL standard
The Financial Accounting Standards Board is proposing some amendments to the pending new standard on credit losses.
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Opioid crisis sparks leadership changes at Purdue Pharma
In an attempt to distance itself from the opioid epedemic, Purdue Pharma recently made some leadership changes to its board of directors and executive committee, as it battles hundreds of lawsuits across the United States concerning opioid-related deceptive sales and marketing practices that are the focus of U.S. enforcement authorities.
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SEC amends rules to improve municipal securities reporting
The SEC has adopted amendments intended to enhance transparency in the municipal securities market. The amendments focus on material financial obligations that could effect liquidity, creditworthiness, and existing security holders’ rights.
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SEC acts to simplify, update disclosure requirements
The SEC has announced efforts to streamline certain disclosure requirements that have become “duplicative, overlapping, or outdated in light of other Commission disclosure requirements, and U.S. Generally Accepted Accounting Principles."
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Panasonic Avionics names chief compliance officer
Four months after resolving Foreign Corrupt Practices Act charges, Panasonic Avionics has appointed a new chief compliance officer.
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HUD files housing discrimination complaint against Facebook
The Department of Housing and Urban Development has announced a complaint against Facebook for “violating the Fair Housing Act by allowing landlords and home sellers to use its advertising platform to engage in housing discrimination.”
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Senators urge social media giants to block 3-D gun blueprints
A group of Senate Democrats is urging leading technology companies to ensure that the publication of 3-D gun printing materials, which violate their terms of service, is not allowed on their platforms.
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Warren bill pitches overhaul of corporate shareholder responsibilities
Sen. Elizabeth Warren (D-Mass.) has introduced a controversial legislative proposal that requires American corporations with more than $1 billion in annual revenue to obtain a federal charter from a newly formed Office of United States Corporations at the Department of Commerce.
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PCAOB invites comment on slimmer strategic plan
Audit regulators are inviting feedback on a slimmed-down strategic plan, giving stakeholders a chance to influence how to regulate public company auditing.
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Senate Democrats demand Military Lending Act assurances from CFPB
All 49 Democrats on the U.S. Senate have written to CFPB Director Mick Mulvaney, urging him to forgo reported plans to end examinations for Military Lending Act compliance.
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A free press and the fight against bribery and corruption
One the day newspapers across the country are fighting back against President Trump's insistence that the media is an "enemy," we point out one of the many compliance-related benefits of a free press.
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Citigroup will pay $10.5 million for internal controls failures
The SEC says Citigroup has agreed to pay $10.5 million in penalties to settle two enforcement actions involving its books and records, internal accounting controls,and trader supervision.