All Compliance Week articles in Web Issue – Page 1153
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ArticleSurvey highlights pain points of GDPR implementation
Most organizations failed to meet the May 2018 deadline to comply with the launch of the EU’s tough new privacy rules, and the majority of them still find compliance a challenge, according to a recent survey.
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ArticleEU investigating Belgian tax deals with 39 companies
The European Commission is investigating whether “excess profit” tax rulings granted by Belgium to 39 multinational companies gave them an unfair advantage over their competitors.
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SEC closes FCPA probe into Ciena
Ciena says the SEC advised the company it does not intend to recommend an enforcement action in connection with a previously disclosed investigation into potential violations of the FCPA.
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ArticleTullett to pay $13M for supervisory failures and false statements
Tullett Prebon Americas must pay a total of $13 million for failing to supervise employees and making false or misleading statements to CFTC staff.
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ArticleLease rule implementation still a slog, poll says
Halfway through the first year reporting under new lease accounting rules, only one-fourth of public companies said their implementations were complete, according to a recent Deloitte poll.
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ArticleIf feds find fraud using analytics, corporations better have found it first
Deputy Assistant Attorney General Matthew Miner put corporate compliance officers on notice with remarks about the feds’ increasing use of data analytics.
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Extreme Reach names vice president of compliance
Extreme Reach, a tech platform for video ad campaigns, has appointed Catherine D’Amato to the newly created role of vice president of compliance.
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Goldman Sachs appoints chief risk officer, new chief accounting officer
Goldman Sachs disclosed in a securities filing it has appointed both a new chief risk officer and a new principal accounting officer, effective Nov. 4.
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ArticlePrudential subsidiaries to pay $33M for misleading disclosures
The SEC has charged two subsidiaries of Prudential Financial with failing to disclose conflicts of interest and making misleading disclosures to the boards for 94 funds they advised.
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ArticleThird Cognizant executive settles FCPA charges
A third former executive at Cognizant has settled charges with the SEC for violating the FCPA by participating in a scheme to bribe an Indian government official.
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ProcessUnity expands vendor risk management platform
ProcessUnity introduced an expansion to the contract management capabilities within its vendor risk management software.
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Zimmer Biomet appoints chief accounting officer
Zimmer Biomet Holdings disclosed in a securities filing it has appointed Carrie Nichol as controller and chief accounting officer, effective Oct. 1. In this position, Nichol will serve as the company’s principal accounting officer.
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ArticleLIBOR report suggests steep uphill climb still ahead
Despite warnings to prepare, financial institutions still face a lot of work and uncertainty around the demise of LIBOR, a new assessment suggests.
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Nets, KPMG partner on fraud solution
Nets, a Europe-based payment service provider, has collaborated with KPMG to develop Nets Fraud Ensemble, a fraud monitoring and prevention solution.
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ArticleCII urges companies to commit to long-term executive pay
The Council of Institutional Investors overhauled its policy on executive compensation, urging public companies to dial back the complexity of their plans and set longer periods for measuring performance for incentive pay.
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ArticleLast-minute CCPA changes strike business-friendly tone
Recently approved tweaks to California’s upcoming privacy law don’t change the fact compliance prep should already be well underway, experts say.
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ArticleTwo broker-dealers to pay $4.65M for providing deficient ‘blue sheet data’
Two broker-dealers must pay a combined $4.65 million in penalties for providing incomplete and inaccurate securities trading information to the SEC. Prudent compliance officers might want to take a page from their remedial efforts.
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ArticleEcuador to expedite privacy law following massive breach
The Ecuadorian government has given itself 72 hours to finish drafting a national privacy law following a massive data breach that put the personal information of perhaps its entire population at risk.
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ArticleSEC revisiting decades-old bank disclosure guide
The SEC is seeking public comment on proposed updates to statistical disclosures for bank and savings and loan registrants.
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Embattled Swedbank names permanent CCO
Faced with numerous AML investigations, Swedbank made several significant moves this week, including naming a permanent CCO and agreeing to waive attorney-client privilege by handing over an internal report to local prosecutors.