All Compliance Week articles in Web Issue – Page 389
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ArticleTop exchanges sue SEC over transaction fee plan
An initiative to determine whether longstanding stock exchange practices create conflicts of interest has those trading venues fighting against what they view as arbitrary pricing controls that could have negative effects on liquidity and competition.
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BlogSEC modifies timing for non-public fund reports
With an eye toward improving data management and cyber-security oversight, the SEC has approved changes to the submission deadlines for registered investment companies filing non-public monthly reports.
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Article
The reputation-shredding scourge of human trafficking
Recent headlines, sparked by a billionaire’s alleged bad choices, should serve as a reminder of the brand damage companies could face from their involvement in human trafficking and the use, intentional or otherwise, of slave and child labor.
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Blog
Exiger adds new EMEA regional leader
Risk and compliance solutions provider Exiger announced the appointment of Jason Holt as managing director and EMEA regional leader.
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Blog
Blueprint Software, Compliance.ai partner on regulatory risk
Blueprint Software, a provider of regulatory change management solutions, announced its partnership with RegTech company Compliance.ai to supply Blueprint customers with financial-focused regulatory content.
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Blog
Two indicted in PDVSA bribery probe
A sales representative and a former president of a U.S.-based company are facing charges for their alleged roles in a scheme to corruptly secure business advantages from Venezuela’s state-owned and state-controlled energy company, PDVSA.
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BlogFTC launches tech competition task force
Already under fire for data privacy lapses, Facebook, Google, and their fellow tech giants now need to worry about the prospect of retroactive merger reviews. The FTC announced the creation of a task force focused on investigating anticompetitive conduct in the tech sector.
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BlogFresenius Medical Care reaches ‘agreement in principle’ in FCPA case
German healthcare company Fresenius Medical Care has reached an “agreement in principle” with U.S. authorities concerning an investigation into possible violations of the Foreign Corrupt Practices Act, booking charges of €224 million (U.S. $255 million) as of Dec. 31, 2018.
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Blog
PCAOB disciplines former, current Grant Thornton partners
The PCAOB has delivered an enforcement action to a former partner and current partner at Grant Thornton over an audit dating back to 2013.
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BlogU.K.-U.S. authorities reach post-Brexit derivatives trading deal
The U.S. Commodity Futures Trading Commission and the Bank of England—including the Prudential Regulation Authority and the U.K. Financial Conduct Authority—on Monday issued a joint statement finalizing a post-Brexit derivatives trading deal.
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Blog
Buffett bemoans volatility under new accounting rule
Berkshire Hathaway is feeling the volatility that comes with observing new accounting rules, prompting Warren Buffett rethink how to report on results.
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BlogMay gives MPs vote to delay Brexit
U.K. Prime Minister Theresa May has offered Members of Parliament the chance to vote on delaying Brexit if her deal is voted down next month.
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BlogSEC says Musk disregarded terms of Tesla settlement
The SEC is asking a federal judge to decide whether Elon Musk, founder and CEO of Tesla, violated the terms of a recent consent agreement and should be held in contempt of court.
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Blog
The U.K.’s coming auditor rotation nightmare
Noting that a number of U.S. headquartered banks are due to rotate their U.K. subsidiary auditor soon, the FRC said this would result in the group auditor in the U.S., which is not required to rotate, being different from the U.K. subsidiary auditor. What then?
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Blog
Credit Suisse appoints new chief compliance officer, chief risk officer
The Credit Suisse Group has announced several changes to its executive board, with immediate effect, including a new chief compliance officer and new chief risk officer, as the bank reorganizes its compliance function.
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BlogLabour says no to no-deal Brexit, yes to second referendum
The U.K. Labour Party announced it would push forward an amendment to the government’s Brexit motion that would make its “credible alternative plan” the Brexit negotiating position.
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Blog
ShiftPixy appoints chief compliance officer
ShiftPixy, a disruptive workforce engagement platform provider, has hired Kirk Flagg as chief compliance officer and secretary.
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Blog
U.K. supermarkets collaborate to embed responsible recruitment practices in their supply chains
U.K. supermarkets—including Aldi, Co-op, M&S, Sainsbury’s, Tesco, and Waitrose & Partners—have joined together as founding sponsors of the Responsible Recruitment Toolkit to offer expert, pragmatic support to their suppliers to help them achieve responsible recruitment in their supply chains.
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Article
Waters urges CFPB employees to be whistleblowers
Rep. Maxine Waters, chair of the House Financial Services Committee, has written an open letter to CFPB employees urging them to be proud of their work and use a whistleblower hotline to report anything undermining those efforts.
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Blog
SFO names new general counsel
The U.K. Serious Fraud Office named Sara Lawson as its new general counsel, effective 1 May 2019. Lawson replaces Alun Milford, who left the post late last year for Kingsley Napley after six years with the SFO.