All Compliance Week articles in Web Issue – Page 1253
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ResourceWhite paper: Guide to Avoiding a Failed GRC Implementation Project
Robust GRC platforms that facilitate vital GRC strategies require well planned and executed implementations. However, the process of implementing innovative GRC platforms in an integrated and synchronized manner is sometimes mismanaged or poorly aligned to your business objectives - leading to pain points that can be crippling to the success ...
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ArticleUnder Armour to pay $9M to settle SEC accounting probe
Under Armour agreed to pay $9 million to settle charges brought by the SEC concerning accounting practices by the sports apparel company that rendered statements it made misleading.
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ArticleNorway’s DNB fined $48.1M for AML violations
DNB ASA, Norway’s largest financial services group, will pay a fine of NOK 400 million ($48.1 million) for failing to adhere to Norwegian Anti-Money Laundering Act standards.
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ArticleCancel culture stresses need for senior execs to practice mindfulness
Given the “cancel culture” era we are in today, writes Jaclyn Jaeger, the need for senior executives to be mindful about the things they say and do outside the workplace is more critical than ever before.
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ArticleTips for keeping pace with ever-evolving sanctions
The constantly changing sanctions landscape is much easier to navigate with a proper understanding of risk exposure. Here’s where firms can get started.
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ArticleRisk matrix breaks down problem areas of blockchain technology
The use of blockchain technology brings with it a number of risks that prudent auditing and accounting professionals must smartly manage. It’s all described in a new risk matrix released jointly by the ISACA, AICPA, and CIMA.
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ArticlePrivate right of action proving problematic for state privacy laws
An enforcement provision allowing customers to sue businesses that misuse their personal data is a key stumbling point for state-level data privacy legislation.
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ArticleStudy: SPACs surge shakes up first-quarter IPO market
Because of the recent SPACs craze, the first quarter of 2021 saw the highest IPO activity in U.S. markets in at least 20 years, according to Audit Analytics. David Bukzin, leader of the SPAC team at Marcum, provides context.
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Article5 reasons to be excited for Compliance Week 2021
Editor in Chief Dave Lefort shares what he’s most looking forward to ahead of Compliance Week’s 16th annual National Conference from May 11-13.
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ArticleGameStop fallout: SEC’s Gary Gensler eyes reducing stock settlement period
New SEC Chairman Gary Gensler discussed shortening the settlement period for trades and requiring new disclosures by broker-dealers as part of testimony before Congress regarding this year’s GameStop stock surge.
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ArticleMonitor certifies MoneyGram’s AML program after lengthy DPA
MoneyGram International stated in a regulatory filing it has fulfilled its obligations under a DPA it entered with the Department of Justice eight years ago, and its AML program was given a thumbs-up by its compliance monitor.
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ArticleElevating compliance key for financial services, says former HSBC head
John Flint, former group chief executive at HSBC, considered the progress compliance has made over the last 20 years and the strides the profession must continue to make as part of a keynote at the ICA’s 2021 BIG Compliance Festival.
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ArticleFASB proposes update to hedge accounting layering method
The Financial Accounting Standards Board proposed an update designed to further align its derivatives and hedging standard with risk management strategies employed by organizations.
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ArticleMichael Hsu named acting OCC head
Michael Hsu, a regulator at the Federal Reserve, has been named acting comptroller of the currency by U.S. Treasury Secretary Janet Yellen.
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ArticleDOJ closes FCPA investigation into Pactiv Evergreen
Pactiv Evergreen said it will not face an enforcement action by the Department of Justice, following an internal investigation launched last year into potential violations of the Foreign Corrupt Practices Act.
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ArticleEU Whistleblowing Directive a ‘potential minefield’ for compliance
An EU directive designed to harmonize whistleblower protections could produce complexity as lawyers warn there are likely to be wide variations in the level of security each country’s national law will offer.
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ArticleDOJ joins SFO in corruption probe of Bombardier
The U.S. Department of Justice has joined the U.K. Serious Fraud Office in an ongoing investigation into plane maker Bombardier over suspected bribery and corruption relating to contracts and orders from airline carrier Garuda Indonesia.
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ArticleCompliance Week 2021: Day 1 live blog
Check out some of the insights shared and key moments from Day 1 of our 16th annual National Conference.
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VideoEIC2021 CCO of the Year: Justin Ross
Justin Ross shares how FedEx handled PPE and vaccine distribution globally and more COVID-19 challenges upon being named CCO of the Year at CW’s 2021 Excellence in Compliance Awards.
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VideoEIC2021 Compliance Program of the Year: Tenneco
Kim Yapchai shares insight into Tenneco’s core values and how the company promoted integrity during the COVID-19 pandemic upon accepting Compliance Program of the Year honors at CW’s 2021 Excellence in Compliance Awards.