All Internal Controls articles – Page 12
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ArticleProPetro avoids fine in executive perk case; ex-CEO to pay $195K
The former CEO of ProPetro Holding Corp. will pay $195,046 to settle SEC charges related to the company’s failure to disclose some of his executive perks and stock pledges to investors. ProPetro avoided a fine because of its remedial efforts.
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ArticleFed ends 2016 enforcement against Goldman Sachs for supervisory data misuse
The Federal Reserve Board of Governors has terminated a 2016 enforcement action against Goldman Sachs Group ordering the bank to pay $36.3 million for the unauthorized use and disclosure of confidential supervisory information from banking regulators.
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ArticleHow agile companies succeed in the throes of supply chain woes
In the midst of unimaginable global supply chain chaos, leading companies are adjusting their supply chains in a variety of ways, turning disruption into competitive advantage.
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ArticleMcKinsey affiliate to pay $18M for poor handling of nonpublic information
MIO Partners, a wholly owned subsidiary of management consulting firm McKinsey & Company, has agreed to pay an $18 million penalty for failing to maintain adequate policies and procedures to prevent the misuse of material nonpublic information.
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ArticleCWE panel: EU Whistleblowing Directive a test for company procedures
Multiple weak points identified with the upcoming EU Whistleblowing Directive could put the burden on companies to determine how to best implement the law, experts discussed during CW’s virtual Europe event.
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ArticleLawsuit: Ex-JPMorgan VP links firing to concerns raised about compliance program
A former compliance executive with JPMorgan Chase alleges she was fired after pointing out flaws in the bank’s compliance program and misrepresentations the bank made to regulators regarding a 2016 settlement of bribery allegations in the Asia Pacific region.
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ArticleVolkswagen not resting on laurels post-monitorship
Volkswagen CCO Kurt Michels shared how the company has intensified business partner due diligence in the wake of completing its three-year U.S. monitorship during a fireside chat at CW’s virtual Europe event.
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ArticleCWE panel: Risks, rewards of outsourcing compliance
As they look to manage third-party risks, compliance departments are increasing their reliance on outsourcing. Experts at Compliance Week’s virtual Europe event discuss the benefits and risks of enlisting external help.
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ResourceWhite paper: E-Discovery Market Trends and Challenges
Organizations are asking more of IT, legal and compliance teams than ever before. They need to manage more data, from more data sources and they’re required to comply with an increasing number of e-discovery requests
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ArticleIgnoring compliance, Mashreqbank fined $100M for Sudan sanctions violations
The New York State Department of Financial Services fined United Arab Emirates-based Mashreqbank $100 million for violating now-repealed Sudanese sanctions regulations and for having in place an inadequate compliance program.
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ArticleCredit Suisse to overhaul strategy: ‘Risk management will be at the core of our actions’
Credit Suisse announced sweeping changes to its long-term growth strategy, reemphasizing risk management after missed red flags led to billions of dollars in losses related to the collapses of Archegos Capital Management and Greensill Capital.
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WebcastCPE Webcast: Cut the clutter: Streamline GRC for happier stakeholders
Is your organization overwhelmed by complex GRC processes, siloed stakeholders, and the sheer volume of data points? If you are, you aren’t alone. But GRC doesn’t need to be complicated to be effective.
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ArticleRoisman: SEC should consider stricter cyber reporting for public companies, advisers
SEC Commissioner Elad Roisman says the agency should mull over whether to require public companies and investment advisers to perform the same kind of reporting, preparation, and planning for cyber incidents that FINRA requires of registered broker-dealers.
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ArticleFICC fined $8M for failing to monitor, vet liquidity of transactions
The Fixed Income Clearing Corporation, the clearing agency for all U.S. government securities, agreed to an $8 million settlement with the SEC for failing to adequately monitor its liquidity arrangements.
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ArticleFive strategies for reducing tariff costs in the global supply chain
Recent events beyond the pandemic have global supply chains responding to a whole new compliance regulatory landscape. A panel of experts at a recent industry event explain where to look for potential cost savings.
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ArticleOCC orders Cenlar to address risk management issues
The OCC has ordered the country’s largest mortgage subservicer, Cenlar FSB, to address chronic risk management deficiencies the agency alleges have led to “unsafe and unsound practices.”
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ArticleWhen academic studies and hoax hotline claims go ‘off the rails’
Imagine this: An anonymous hotline tip comes through that a senior executive has engaged in insider trading. This scenario happened this summer as part of academic research, effectively leaving hundreds of unwitting corporate subjects to foot the bill for unnecessary follow-up conducted.
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ArticleHow to respond to government’s renewed emphasis on cybersecurity
The Department of Justice’s new Civil Cyber-Fraud Initiative is the latest development to suggest companies’ cybersecurity defenses had better be up to snuff when doing business with the U.S. government or risk enforcement.
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ArticleSEC’s Gurbir Grewal stumps for proactive compliance in first speech
In his first publicized speech as director of the Securities and Exchange Commission’s Division of Enforcement, Gurbir Grewal spoke to the importance of “modeling excellence” in compliance efforts.
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PremiumAsk a CCO: How do you get leadership to support compliance?
Seven senior compliance practitioners impart how to get leadership to understand the value compliance offers the business and commit to supporting ethical initiatives.