All Compliance Week articles in Web Issue – Page 1151
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ArticleHow industries are responding to the escalating U.S.-China trade war
While the escalating tit-for-tat trade war and increasing tariff rate hikes between the U.S. and China cannot be controlled, proactive companies are learning to swing with the punches—from diversifying their supply chains to shifting their production lines elsewhere.
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Paysafe appoints chief risk officer
Paysafe Group, a global payments provider, has named Richard Swales as chief risk officer, effective Oct. 14.
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Mezu appoints its first chief compliance and risk officer
Mezu, a mobile payments app provider, has promoted Luis Trujillo to the newly created role of chief compliance and risk officer. He will report directly to Mezu’s board of directors.
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Nasdaq has a new chief legal officer
Nasdaq has named John Zecca as executive vice president and chief legal officer, responsible for managing Nasdaq’s regulatory oversight, legal counsel, and compliance across the company’s global businesses.
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CFPB: First enforcement brought under international money transfer rule
The CFPB has brought its first enforcement action for violations of a rule that took effect in 2013 designed to protect consumers who electronically transfer money from the United States to other countries.
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Prometheum acquires InteliClear technology
Prometheum, a blockchain-based financial platform for creating and publicly trading cryptosecurities, has announced the acquisition of a version of InteliClear’s post-trade solution technology.
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Odebrecht to make $50M in charitable contributions under settlement
Brazil-based construction and engineering company Odebrecht has committed to make $50 million in total charitable contributions as part of a settlement reached to resolve allegations of bribery.
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OFAC amends Cuban Assets Control Regulations
The Treasury Department’s Office of Foreign Assets Control announced amendments to the Cuban Assets Control Regulations to further implement President Trump’s June 2017 National Security Presidential Memorandum.
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ArticleFASB offers changes to ease reference rate transition
FASB is proposing guidance intended to ease the potential accounting burden companies expect to face as they navigate reference rate reform.
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Google facing antitrust investigation by 50 attorneys general
Texas Attorney General Ken Paxton confirmed Monday that his office is leading an investigation by 50 attorneys general into technology giant Google for potential monopolistic business practices.
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ArticleInvestors want more from banks on CECL, says FASB member
Investors want more information from leading banks over how financial statements will be affected by the adoption of the new CECL approach to credit losses.
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ArticleRisk alert: CCOs should examine policies around advisers’ adherence to disclosure rules
The SEC’s Office of Compliance Inspections and Examinations suggests a policy and procedure review for investment advisers for certain “principal trades” involving clients.
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ArticleJames Comey to headline Compliance Week 2020 conference
Compliance Week is thrilled to announce the headline speaker for its 2020 National Conference in Washington D.C. will be FBI Director (2013-2017) and best-selling author James Comey.
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Amazon's Bezos among 51 CEOs calling for national data privacy law
CEOs from 51 different companies, including Amazon, Walmart, and Salesforce, have sent a letter to congressional leaders urging the passing of a comprehensive consumer data privacy law.
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ResourceWhite paper: 2019 CCO Playbook
Understanding the regulatory environment, both past and current, can help shape your compliance strategies. ComplySci’s CCO Playbook will ensure you keep up with regulatory changes and provide you with a game plan to meet many of the top challenges CCOs face today.
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U.K. Parliament closes amid Brexit uncertainty
Boris Johnson’s plans to split from Europe blew up in his face, resulting in one of the biggest false-starts any U.K. Prime Minister has endured. Not only is Brexit likely to be delayed, but Johnson and his government are now legally bound to seek a deal—or else.
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Kaseya launches dedicated compliance business unit
Kaseya, a provider of IT infrastructure management, announced a $10 million investment in its compliance business unit.
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SEC’s Clayton calls out dearth of global assistance in battling corruption
Is the SEC tired of being a global cop? In a speech Monday, SEC Chair Jay Clayton rallied against a “continuing lack of global commitment” to combatting offshore corruption.
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States sue SEC over Reg BI
Seven states and the District of Columbia have filed a lawsuit against the SEC in an effort to block the regulator’s recently approved Regulation Best Interest rule package.
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Deloitte, Workiva partner on financial reporting
Deloitte has announced an alliance with Workiva designed to improve financial and managerial reporting.