The SEC has announced a new agreement with the Hong Kong Securities and Futures Commission. The move, writes Joe Mont, is intended to enhance the oversight of regulated entities that operate across national borders.
Oracle Financial Services Analytical Applications and PwC have announced a global collaboration to offer technology, implementation, and consulting solutions to help financial institutions meet near-term and ongoing compliance with the International Accounting Standards Board’s new IFRS9 and FASB’s proposed CECL reporting standards.
ACA Technology Solutions, a provider of investment management and regulatory technology solutions, announced the official release of ComplianceAlpha, a comprehensive, cloud-based platform designed to assist chief compliance officers with managing their compliance program tasks and activities.
Las Vegas Sands agreed to pay a $6.96 million criminal penalty to resolve the government’s investigation into violations of the Foreign Corrupt Practices Act. This resolution is in addition to the $9 million related civil penalty paid to the SEC in April. Jaclyn Jaegerreports.
Without admitting or denying the findings, asset management BlackRock agreed to pay a $340,000 penalty to settle charges that it improperly used separation agreements in which exiting employees were forced to waive their ability to obtain whistleblower awards. Jaclyn Jaegerreports.