News

CMS, the agency that administers Medicare and other health insurance programs, is talking to medical professonals in an effort to reduce burdensome and unecessary rules, says Administrator Seema Verma.

EPA Administrator Scott Pruitt appears in a new video that urges the nation’s cattlemen to support and comment on a proposal to repeal the controversial Waters of the United States rule.

The National Infrastructure Advisory Council, a cyber-security task force that advises the White House, says national cyber-security efforts are “falling short," in a new report. It provides recommendations for both the public and private sectors.

Pressured by allegations of conflicts of interest, billionaire investor Carl Icahn has resigned from his role as a special advisor to President Donald Trump on deregulatory efforts.

The SEC is telling companies its historic staff guidance on revenue recognition will not trump the new revenue standard when it takes effect in 2018.

The Competitive Enterprise Institute has responded to a White House Executive Order with new proposals to redraft and refocus regulatory agencies. Eliminating the SEC and FDIC are among the not-so-modest proposals.

A former Wells Frago bank manager is headed to jail for his role in a $1.66 million mass mailing scam that was facilitated with a money laundering scheme.

A federal jury has convicted the former chief executive officer of a publicly traded medical device compan for his role in orchestrating a fraud scheme that led to $750 million in shareholder losses.

Mylan, maker of the EpiPen, has agreed to pay $465 million to settle Department of Justice allegations that it violated the False Claims Act by misclassifying the epinephrine injector  as a generic drug to avoid paying Medicaid rebates.

A hedge fund advisory firm  has agreed to pay more than $4.6 million to settle SEC charges that it had inadequate policies and procedures to prevent the misuse of inside information, including information about confidential government decisions.

A former NLRB compliance officer pleaded guilty this week to charges he stole more than $400,000 from an agency fund he oversaw that was intended to distribute funds to employees victimized by labor law violations.

A recent study of Fortune 100 proxy materials shows audit committees continue to voluntarily explain their oversight of the external audit.

The Labor Dept. wants a substantial delay for remaining compliance milestones in its fiduciary rule. What happens in the interim?

As the U.K. tries to get businesses to protect themselves better against cyber-risk, recently proposed rules all have significant compliance implications.

As most public companies deal with revenue recognition and lease accounting changes coming in 2018 and 2019, the banking sector is trying to tame an even bigger beast.

 

Compliance officers will want to reevaluate their trade sanction compliance policies, following new sanctions legislation signed into law this month.

If companies understand just one message between now and when the EU’s GDPR comes into force next year, that message is simply this: Clean up your data.

The Office of the Comptroller of the Currency has released new guidance intended “to spur community revitalization" with the prudent and appropriate use of  higher-loan-to-value lending.

As business leaders publicly resign from Presidential economic committees in light of President Trump’s Charlottesville comments, “tone from the top” matters now more than ever.

 

In case you missed it this week, the LA Lakers are under fire for potential tampering, KPMG coughs up $6m to the SEC, and pharma-bro Shkreli is having a rough time finding anyone who doesn’t hate him.

The SEC has announced another settlement with a former CCO over alleged negligence. The settlement, reached on Aug. 15 also offers a caution about retaining third party compliance services.

If tensions are rising between a given company and its external auditor, there’s a greater chance the company will be reporting internal control weaknesses.

The annual Basel Anti-Money Laundering Index, a ranking of 146 countries regarding money laundering risks, is out. The findings show that plenty of work on the issue remains to be done.

A recently released analysis by Willis Towers Watson fiinds that the total compensation for outside corporate directors is rising, but only at an average pace of 2 percent in 2016.

Furniture company La-Z-Boy has appointed Lindsay Barnes as chief accounting officer. She replaces Margaret Mueller who has resigned.