All Compliance Week articles in Web Issue – Page 377
-
ResourceThe Right Moves: The Evolution of Approach in Risk Management
The concept of risk management—what it is and consists of—is something that is often misunderstood or misinterpreted.
-
ResourceThe Four Pillars of a Comprehensive Harassment Prevention and Compliance Strategy
3 out of 4 non-manager employees who experienced harassment did not report it, according to a 2018 Society for Human Resource Management (SHRM) survey.
-
ArticleEuropean Union adopts law to protect gig workers
Gig workers in the European Union—those workers in nontraditional roles—have been granted new rights by the European Parliament.
-
ArticleCFTC approves proposed rule to improve quality for swap data repositories
The Commodity Futures Trading Commission approved a proposed rule to improve the quality of swap data and update and streamline regulations related to swap data repository operations and governance.
-
ResourceA pilot project: Addressing the global outcry against corrupt business practices
As the outcry on bribery and corruption continues to tighten its grip around rogue players in the private and public business sectors, organizations ramp up their efforts to develop effective frameworks to prevent, detect and report corruption.
-
Article
FASB clarifies financial instruments rules, including CECL
FASB issued an update to accounting standards to clarify new rules on CECL, hedging, and recognition and measurement of financial instruments.
-
ArticleAstellas, Amgen to pay $124.75M for False Claims Act violations
Pharmaceutical companies Astellas and Amgen will pay a total of $124.75 million to resolve allegations that they violated the False Claims Act by illegally paying the Medicare co-pays for their own high-priced drugs.
-
Article
Glencore announces CFTC probe
The U.S. Commodity Futures Trading Commission is investigating whether multinational commodity trading and mining company Glencore and its subsidiaries might have violated certain provisions of the Commodity Exchange Act and/or CFTC regulations.
-
ArticleTax leaders look to retool compliance to cope with change
Overwhelmed by an onslaught of requirements, data, and technology, tax departments are beginning to look for new ways to achieve compliance.
-
ArticleCeladon Group to pay $42.2M in restitution for accounting fraud
Trucking company Celadon Group entered into a corporate resolution for securities fraud and will pay total restitution of $42.2 million for filing materially false and misleading statements to investors and falsifying books, records, and accounts.
-
Article
Skillsoft, Convercent partner on hotline offering
Corporate learning firm Skillsoft announced new content and platform products, including a partnership with ethics and software provider Convercent regarding its hotline and case management offerings.
-
ArticleOptions drive more risk than stock, study says
Company executives may be more likely to take on risk when their compensation is based more on stock options than stock awards, a new study says.
-
ArticleDelaware ramps up revised unclaimed property approach
Delaware’s Secretary of State is inviting corporations incorporated in that state to join it in resolving any outstanding unclaimed property issues. The invite comes with a catch: Companies must respond within 60 days or face an unclaimed property audit.
-
ArticleCFPB to provide more information to firms under investigation
The Consumer Financial Protection Bureau says it will provide financial services firms under investigation more detail on what violations prompted the agency’s scrutiny.
-
ArticleBed Bath & Beyond revamps board; shareholders revolt
In response to shareholder backlash, Bed Bath & Beyond has made several changes to its board, as well as a series of additional governance enhancements, but activist investors say the changes aren’t enough and issued a joint statement expressing their many concerns.
-
ArticleFCA data shows firms with most consumer credit complaints
The U.K. Financial Conduct Authority published its latest complaints figures for regulated firms for the second half of 2018, revealing how some financial services firms are receiving significantly more complaints than others.
-
Article
Goodyear names general counsel
The Goodyear Tire & Rubber Company has named David Phillips senior vice president and general counsel, effective June 4.
-
Article
Commerce Bank names corporate controller, chief accounting officer
Commerce Bank has promoted Paul Steiner to corporate controller and chief accounting officer of Commerce Bancshares, effective immediately.
-
Article
Accuity launches AI-driven financial crime screening
Accuity, a provider of financial crime compliance, payments, and Know Your Customer (KYC) solutions, announced its AI-driven account screening capability, Firco Automated Alert Reduction.
-
Article
Lockpath adds templates to GRC platform
Integrated risk management solutions provider Lockpath announced the availability of templates within its governance, risk management, and compliance platform, Keylight Team Edition.