All Compliance Week articles in Web Issue – Page 431
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Resource
BlackRock’s Midyear 2018 Global Investment Outlook
BlackRock’s 2018 investment themes have been refreshed against a backdrop of steady global growth and strong corporate earnings, but rising macroeconomic uncertainty.
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Blog
Microsoft offers details into reported corruption probe
According to the Wall Street Journal, U.S. authorities are investigating Microsoft over a bribery and corruption matter in Hungary, some details of which the company shared with Compliance Week.
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Blog
FCPA inquiry into Güralp Systems Limited ends as SFO investigation continues
Consistent with its FCPA Corporate Enforcement Policy, the Department of Justice has closed its Foreign Corrupt Practices Act inquiry into U.K. company Güralp Systems, without bringing any action, as the maker of seismic testing equipment faces an ongoing parallel investigation by the U.K. Serious Fraud Office.
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Blog
Senate Banking Committee advances SEC nominee
The Senate Banking Committee, on Thursday, approved the nomination of Elad Roisman for the Securities and Exchange Commission. He now heads to a confirmation vote by the full Senate.
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Article
Business calls for diplomacy to head off ‘no deal’ Brexit
While the U.K. government is advising companies to prepare for the worst, business groups are urging greater diplomatic efforts to ensure a no-deal Brexit doesn’t come to pass.
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Blog
Aircastle Limited names chief accounting officer
Aircastle Limited has appointed Jim Connelly as chief accounting officer.
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Blog
CFTC simplifies its regulations governing compliance officers
The Commodity Futures Trading Commission on Aug. 21 unanimously approved final amendments clarifying and simplifying its regulations governing chief compliance officer duties and annual compliance reporting requirements for futures commission merchants, swap dealers, and major swap participants.
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Blog
SEC enforcements against accountants taper, report says
SEC enforcement actions against accountants have tapered off the past few years, according to a new analysis, while PCAOB actions jumped and remained high.
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Blog
IRS issues notice on compensation rules under tax reform
Companies are getting a little more clarity from the IRS on how to interpret provisions under tax reform affecting executive compensation.
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Blog
Treasury targets Russian shipping companies
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) today announced that it has targeted Russian shipping firms for violating North Korea-related United Nations Security Council Resolutions.
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Resource
What is Conduct Risk and How Can Technology Mitigate it?
Conduct risk poses an existential threat to companies across industries and jurisdictions because regulators, auditors and other oversight professionals are increasingly holding senior managers accountable for the actions of individuals associated with a firm.
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Blog
Royal Mail hit with massive fine for competition breach
Parcel delivery firm Royal Mail is appealing a decision from U.K. communications regulator Ofcom, which determined the company sought to thwart wholesale customer Whistl from competing with its bulk mail delivery service.
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Blog
FASB proposes amendments to CECL standard
The Financial Accounting Standards Board is proposing some amendments to the pending new standard on credit losses.
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Blog
Opioid crisis sparks leadership changes at Purdue Pharma
In an attempt to distance itself from the opioid epedemic, Purdue Pharma recently made some leadership changes to its board of directors and executive committee, as it battles hundreds of lawsuits across the United States concerning opioid-related deceptive sales and marketing practices that are the focus of U.S. enforcement authorities.
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Blog
SEC amends rules to improve municipal securities reporting
The SEC has adopted amendments intended to enhance transparency in the municipal securities market. The amendments focus on material financial obligations that could effect liquidity, creditworthiness, and existing security holders’ rights.
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Blog
SEC acts to simplify, update disclosure requirements
The SEC has announced efforts to streamline certain disclosure requirements that have become “duplicative, overlapping, or outdated in light of other Commission disclosure requirements, and U.S. Generally Accepted Accounting Principles."
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Blog
Panasonic Avionics names chief compliance officer
Four months after resolving Foreign Corrupt Practices Act charges, Panasonic Avionics has appointed a new chief compliance officer.
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Blog
HUD files housing discrimination complaint against Facebook
The Department of Housing and Urban Development has announced a complaint against Facebook for “violating the Fair Housing Act by allowing landlords and home sellers to use its advertising platform to engage in housing discrimination.”
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Article
Deal or no deal: Companies prep for Brexit
European organizations are focusing on contingency plans in preparation of a possible “no deal” exit from the European Union.
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Article
Struggling with segment reporting? Relief may be coming
Long a thorn in the side of preparers and regulators alike, segment reporting rules may finally be getting a tune-up designed to make compliance more straightforward.