All Compliance Week articles in Web Issue – Page 1022
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Blog
FINRA sanctions Citigroup Global Markets $11.5M for inaccurate research ratings
The Financial Industry Regulatory Authority has fined Citigroup Global Markets $5.5 million and required the firm to pay at least $6 million in compensation to retail customers for displaying inaccurate research ratings for numerous equity securities during a nearly five-year period, and for related supervisory violations.
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Blog
FASB considers guidance on accounting for tax reform
FASB is considering whether to take up any new rulemaking as a result of the accounting consequences of the Tax Cuts and Jobs Act.
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Resource
Forrester's Vendor Landscape: Anti-Money Laundering Solutions 2017
In this comprehensive report, Forrester explains that Anti-Money Laundering (AML) programs are key for companies that facilitate financial transactions. When selecting the right AML technologies, you should consider the broader financial crimes prevention and risk management architecture within which AML sits.
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Resource
Trusted Digital Identities
Read this white paper to learn more about why it is crucial to develop digital identities which look at more than static data, and how introducing digital attributes such as online behavior and transactional history creates a much more robust system where trusted identities and suspicious identities evolve differently, making ...
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Resource
The Sanctions Screening Whitepaper
The IdentityMind white paper provides important background and tips to improve the sanction screening process. Learn how false positives can be minimized using matching algorithms, ways to apply risk integrated rules to configurable lists, and how their technology can help to eliminate wasted effort and improve results.
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Blog
OCC: Citibank to pay $70M for AML deficiencies
The Office of the Comptroller of the Currency assessed a $70 million civil penalty against Citibank for failing to comply with the agency’s 2012 consent order related to Bank Secrecy Act and anti-money laundering deficiencies.
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Blog
Financial Conduct Authority appoints new chair
HM Treasury this week appointed Charles Randell as the new chair of the Financial Conduct Authority. He will take up the role on 1 April 2018 for a five-year term.
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Blog
‘CAE Checkup’ evaluates effectiveness of AI-based audit investigations
QuantaVerse has launched a new service, CAE (Chief Audit Executive) Checkup, that enables companies and financial institutions to evaluate the effectiveness of an artificial intelligence (AI)-based approach to audit investigations.
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Blog
KPMG acquires Cyberinc's Global Identity and Access Management unit
Audit, tax, and advisory firm KPMG announced that it has acquired the Identity and Access Management business of Silicon Valley-based Cyberinc, a provider of cyber-security solutions globally.
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Blog
PCAOB names Chief of Staff
Public Company Accounting Oversight Board Chairman William Duhnke has named Francis “Abe” Dymond chief of staff for the PCAOB, effective immediately.
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Blog
More fallout from Och-Ziff corruption case
In an interesting turn of events, the Och-Ziff corruption case recently reared its head once again, following news that Michael Cohen—who once oversaw the company’s investments in Europe, the Middle East and Asia—is facing criminal charges of fraud and obstruction of justice, according to recently unsealed court documents.
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Blog
How character relates to compliance
Merely having in place a paper compliance program does not account for the human condition, which unfortunately is not always pure of heart, writes The Man From FCPA, while considering a recent book, “The Character Gap,” by Christian Miller.
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Blog
The Fair Process Doctrine in compliance
Human resources has a key role to play in operationalizing the compliance program, specifically by ensuring that discipline is handed out fairly across the company and to those employees who integrate ethical and compliant behavior into their individual work practices, writes The Man From FCPA.
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Blog
The role of risk management in compliance
As compliance evolves and corporate compliance programs become more sophisticated, compliance is seen not as simply a legal prophylactic, but as a business process, writes The Man From FCPA.
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Blog
FASB proposes lease accounting transition relief
FASB proposes a change to the new lease accounting standard taking effect in 2019 that promises to ease the implementation.
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Software demoDisclosure research improves reporting compliance
Companies need to incorporate peer, competitor, and industry data into their internal and external reports to ensure their documents are complete and consistent. Certent DisclosureNet layers powerful search and filtering functionality on top of over 21 million regulatory submissions, accounting standards, insider trades, news releases, and more.
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Article
SEC gives relief from tax reform year-end reporting crisis
Swift SEC guidance on how to book tax reform in year-end financials provides relief, but it’s not a free pass, nor does it answer all accounting questions.
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Article
2018 will keep CCOS on their toes, despite deregulation
Reducing regulatory burden isn’t reducing risk, CCOs and risk managers reported in year-end surveys. Meanwhile, staffing compliance programs is getting a lot tougher.
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Article
Fake news is a problem for regulators
The public comment process behind regulatory rulemaking has become corrupted. Can it be fixed?
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Blog
SFO: Tell-tale signs of money laundering
Serious and organised crime costs the United Kingdom an estimated £24 billion a year, states a new government report setting out the threats posed by money laundering. With the report, the government relaunched its “Flag it Up” campaign to raise awareness and show how the legal and accountancy sectors can ...