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Accounting & Auditing Update Blog FASB considers how to answer CECL proposalTammy Whitehouse | November 8, 2018The FASB is reviewing a request from a group of mid-sized financial institutions to revise CECL in a way the board has apparently already considered and dismissed.

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Enforcement Action Blog MoneyGram to forfeit $125M for AML compliance lapses; DPA extendedJaclyn Jaeger | November 8, 2018MoneyGram on Nov. 8 entered into agreements with the U.S. Department of Justice and the Federal Trade Commission concerning previously disclosed compliance failures that resulted in a widespread money-laundering fraud scheme.

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Accounting & Auditing Update Blog FASB finalizes rules on collaborative arrangementsTammy Whitehouse | November 8, 2018The FASB continues to field and answer one-off questions on revenue recognition, with the most recent installments on collaborative arrangements and franchise fees.

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Grapevine Blog Exostar names new member to Board of DirectorsScuttlebutt | November 8, 2018Exostar has named Lockheed vice president Philip E. Goslin as a new member to its Board of Directors.

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The Filing Cabinet Blog SEC pushed to stress ‘fiduciary duty’ in forthcoming rulesJoe Mont | November 8, 2018Members of the SEC’s Investor Advisory Committee are recommending that forthcoming rules for investment advisers be made more explicit and in line with past visions of a “fiduciary duty.”

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The Filing Cabinet Blog Banking groups petition for clarity on regulatory guidanceJoe Mont | November 8, 2018Two influential groups representing the interests of banks are petitioning the Consumer Financial Protection Bureau for formal rulemaking regarding the use of supervisory guidance.

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Grapevine Blog Tesla names new chairman of the boardJoe Mont | November 8, 2018Tesla has named a new chairman of the board, Robyn Denholm, to replace founder and CEO Elon Musk. She takes on the post after serving as CFO for Telstra, Australia’s largest telecommunications company.

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Enforcement Action Blog Citibank to pay $38.7M for improper handling of ADRsJaclyn Jaeger | November 7, 2018Citibank has agreed to pay $38.7 million to settle charges of improper handling of “pre-released” American Depositary Receipts, the Securities and Exchange Commission announced on Nov. 7.

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Grapevine Blog Penn State names chief ethics and compliance officerScuttlebutt | November 7, 2018Penn State has named Kenya Mann Faulkner chief ethics and compliance officer. She will begin her new role on Dec. 3.

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Accounting & Auditing Update Blog Even with new technology, auditors face same demandsTammy Whitehouse | November 7, 2018Whatever changes technology might bring to financial reporting, auditors still face the same auditing standards and expectations from regulators.

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White Paper Are You Monitoring & Protecting Your Company's Digital Footprint?Sponsored by Proofpoint | September 21, 2018Today’s cyber security battlegrounds extend beyond your corporate environment – think social media channels, domains, mobile apps, and even the dark web.

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Compliance Week EuropeNovember 12-13, 2018

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Financial Intelligence WorkshopNovember 14, 2018

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