All Compliance Week articles in Web Issue – Page 461
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Blog
Barclays to pay $2B in mortgage-backed securities fraud case
Barclays Capital will pay $2 billion in civil penalties to resolve claims for fraud in the sale of residential mortgage-backed securities, and two former Barclays executives will pay $2 million to resolve claims brought against them individually.
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Blog
Outgoing FDIC official shares blunt view of ‘Too Big to Fail’ and bank regulation
As part of his farewell tour, Thomas Hoenig, the departing vice chairman of the Federal Deposit Insurance Corporation, used a recent speech to candidly address the challenge of balancing prudential standards and regulatory initiatives when attempting to end big bank bailouts.
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Blog
Aegis Capital, compliance officers resolve cases with FINRA, SEC
Aegis Capital must pay a $550K fine to the Financial Industry Regulatory Authority, and a $750K penalty to the SEC for failing to have adequate supervisory and anti-money laundering programs in place. Two Aegis CCOs were found to have aided and abetted the violations.
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Blog
World Bank debars medical-device company, two others
The World Bank has debarred three companies and reached a settlement with one company concerning sanctionable practices under projects in Bangladesh, India, and Timor-Leste.
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Blog
LyondellBasell appoints chief accounting officer
LyondellBasell, one of the largest plastics, chemicals and refining companies in the world, has named Jacinth Smiley its chief accounting officer, effective April 2. Smiley will report to Chief Financial Officer Thomas Aebischer.
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Blog
After audit, IRS agrees to revisit Schedule UTP
Encouraged to modify or do away with the filing entirely, the IRS is taking a look at how it might revise Schedule UTP regarding uncertain tax positions.
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Blog
IdentityMind is GDPR-ready
IdentityMindGlobal—a SaaS platform provider that builds, maintains, and analyzes digital identities worldwide—announced that it is now GDPR-ready in the run-up to the May 25 deadline of the EU General Data Protection Regulation.
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Blog
ABN AMRO chooses Wolters Kluwer and SAS to integrate finance, risk and reporting
ABN AMRO, the third largest bank in the Netherlands, has chosen Wolters Kluwer and SAS to provide a truly integrated finance, risk, and regulatory reporting software solution.
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Blog
Some troubling questions at Morgan Stanley
Allegations of domestic violence against one of Morgan Stanley's top producers raise larger questions about the firm's code of conduct, internal investigations, and compliance standards.
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Blog
Microsoft appoints European data protection officer
Microsoft has appointed Steve May as its European Data Protection Officer (DPO), in compliance with the European Union’s General Data Protection Regulation (GDPR).
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Blog
After six years, bill to combat human trafficking inches closer to law
The Senate passed the Stop Enabling Sex Traffickers Act with an overwhelmingly bipartisan vote of 97-2. The bill, part of a six-year effort, ammends the Communications Decency Act to allow for the reporting of potential indicators of slavery..
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Blog
Omnibus Bill riders target SEC, implements cross-border data seizure law
When Congress passed a $1.3 trillion federal spending package, the bill included restrictions on the SEC and made law a controversial plan for confiscating data from servers located abroad.
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Blog
Facebook follies: Congress, AGs upload scrutiny on social media giant
Troubles continued this week for social media giant Facebook with confirmation that the FTC is investigating whether the exposure of personal data belonging to an estimated 50 million users is a violation of a 2011 consent decree. Also in the mix: Congress and state Attorneys General.
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Blog
Cross-sector companies launch Coalition to Reduce Cyber Risk
With an effort to improve cyber-security defenses, six global corporations have joined forces to launch The Coalition to Reduce Cyber Risk, also known as CR². Members include AT&T, Cisco, HSBC, JPMorgan Chase, Mastercard, and Microsoft.
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Blog
When tone at the top means cheating at the top
In one of Cricket’s biggest scandals ever, the Australian national Cricket team, concocted a scheme to scruff the ball on piece of yellow tape in the pants pocket of the bowler, Cameron Bancroft. Is the team corrupt, through and through?
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Blog
Mastercard, IBM launch trust to help companies meet GDPR requirements
Mastercard and IBM announced the launch of Truata,an independent trust designed specifically to help organizations conduct analytics in full compliance with the GDPR. Truata will enable companies to meet the standards of data protection envisioned by the GDPR, while continuing to innovate and deliver the services and experiences their customers ...
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Resource
CRI Group Granted First Ever ISO 37001:2016 Anti-Bribery Management Accreditation by Dubai Accreditation Department (DAC)
Corporate Research and Investigations LLC “CRI Group” has been granted accreditation by the Dubai Accreditation Department (DAC) as an ISO 37001:2016 Anti-Bribery Management System Certification and Conformity Assessment Body.
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Blog
Former EY partner wins appeal of PCAOB disciplinary action
An appeals court has thrown out a PCAOB disciplinary finding against a former EY audit partner that was reviewed and supported by the SEC.
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ArticleInternal auditors hear call to innovate, take up technology
The newest intelligence is calling on audit leaders to embrace their new normal—that nothing is normal—and innovate with technology to face it.
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Blog
Be careful what you wish for, Corporate America
Businesses might soon regret the Supreme Court’s pro-business Somers decision, which impacts the Dodd-Frank Act anti-retaliation whistleblower provision.