All Compliance Week articles in Web Issue – Page 1039
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Blog
Report: Brexit ‘Red Tape’ will cost exporters £58 billion a year
Brexit red tape will cost around £31 billion for EU exporters and £27 billion for U.K. exporters, according to a new report by Oliver Wyman and Clifford Chance. Impacted firms must take steps now, they warn.
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Article
Broadcom’s takeover of Qualcomm gets complicated
A government agency has forced a delay to a shareholder meeting that would have set the stage for a hostile takeover of the company at the heart of smartphone technology.
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ArticleSenate’s latest Dodd-Frank reforms get a bipartisan push, but divide Democrats
Bipartisan Senate legislation looks to scale back Dodd-Frank regulations on smaller banks, but critics contend that a rules rollback would benefit big banks more than anyone.
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Blog
European Parliament: Companies to pay taxes where they earn profits
New EU rules would put an end to companies’ ability to use loopholes to avoid paying taxes— for example by shifting profits to EU countries with lower taxes.
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Article
SOX: A watershed law that works
Sarbanes-Oxley has withstood the test of time to prove its success as a means of investor protection and boosting audit quality.
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Article
Negative feedback has impact on FCA Financial Services Register plans
The FCA has abandoned Financial Services Register plans that would have placed the responsibility for certifying the suitability of key people other than “senior managers” onto the firms.
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Article
SOX: An uneven legacy
Sarbanes-Oxley has accomplished many things … which includes helping to stunt the formation of new public companies.
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Blog
Clearing House Association, Financial Services Roundtable combine forces
The Financial Services Roundtable and The Clearing House have announced plans to merge their non-partisan advocacy and research arms.
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Blog
Bill seeks to save kids from identity theft
The Senate has advanced the Protecting Children from Identity Theft Act, bipartisan legislation that would augment the ability of financial institutions to prevent synthetic identity fraud, a scam involving stolen Social Security account numbers.
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Blog
Senators seek ties between Kushner loans, Citigroup, and Apollo Global Management
A team of senators and representatives is quizzing Citigroup and Apollo Global Management on reports that the companies provided more than $500 million in loans to the businesses of senior advisor to the president Jared Kushner.
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Blog
Senators urge NLRB to advance McDonald’s joint-employer case
Sen. Elizabeth Warren (D-Mass.) is leading a group of five senators who wrote to Peter Robb, general counsel of the National Labor Relations Board, requesting that he allow the trial in the McDonald’s joint-employer case to proceed so that a judge may rule on the fast food giant’s liability.
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Blog
SEC settles with audit firms over unregistered work
The SEC has settled charges with foreign affiliates of KPMG, Deloitte, and BDO for overseas audit work that was not properly registered with the PCAOB.
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Blog
Transportation company to pay $2M in FCPA case
Transport Logistics International, a company that provides services for the transportation of nuclear materials to customers in the United States and abroad, agreed to pay a $2 million criminal penalty in connection with a scheme that involved the bribery of an official at a subsidiary of Russia’s State Atomic Energy ...
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Blog
Key factors to consider in any board-led investigation
Many companies have an investigation protocol in place when a potential Foreign Corrupt Practices Act or other legal issue arises. Many boards, however, do not have the same rigor when it comes to an investigation, which should be conducted or led by the board itself, writes The Man From the ...
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Blog
The role of boards is to ‘put sand in the shoes of management’
One of the ongoing questions from members of boards of directors is how to resolve the tension between oversight and managing. An excellent starting point to understanding this role is to consider the metaphor, “put sand in the shoes of management.”
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Blog
March Madness and corruption
March Madness is looked at as one of the greatest sporting events of the year. It combines great play, underdogs felling giants, fantastic venues, devoted fans, and competition galore ... but this year it offers something else: an abject lesson in the failure of ethical conduct of the very institutions ...
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Blog
Of Saudi princes and gilded cages
If you have done business in Saudi Arabia or with wealthy Saudis over the past few years, now might be a very good time to review not only those business relationships, but also your FCPA compliance program, writes The Man From FCPA.
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Blog
Post-breach, Equifax remains in a harsh spotlight
For a company embroiled in one of the nation’s largest data breaches, things have been relatively quiet in recent weeks on the Equifax front. That has changed with an insider trading charge, and inclusion in controversial Senate legislation.
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Blog
What is the price for profits?
LaFargeHolcim, a global construction materials and solutions company, is facing an investigation after it was uncovered that its Syrian operations funded terrorist groups to keep a cement plant operating.