All Compliance Week articles in Web Issue – Page 473
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Blog
Why is the U.S. government investigating GlaxoSmithKline now?
GlaxoSmithKline recently said U.S. enforcement agencies asked for information about third-party advisers the company hired in China during a corruption investigation in the country. The Man From FCPA asks, why now?
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Blog
Airbus to pay €81.25 million to end German corruption probe
German prosecutors have ordered Airbus to pay a fine of € 81.25 million to end a five-year bribery investigation concerning the sale of Eurofighter aircraft to the Republic of Austria in 2003.
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Blog
OGE Energy names new chief accounting officer
OGE Energy, the parent company of Oklahoma Gas and Electric Company, has appointed Sarah Stafford as controller and chief accounting officer, effective March 1.
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Blog
Cisco, Apple, Aon, Allianz introduce cyber-risk management solution
Cisco, Apple, Aon, and Allianz announced a new cyber-risk management solution for businesses, comprised of cyber resilience evaluation services from Aon, secure technology from Cisco and Apple, and options for enhanced cyber insurance coverage from Allianz.
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Blog
Former KPMG tax partner joins King & Spalding
Kevin Glenn, a former partner at KPMG, has joined law firm King & Spalding in the firm’s corporate, finance investments practice group, which includes the firm’s tax practice, to provide U.S. tax advice to U.S. and foreign multinational companies on cross-border financing, joint venture, and M&A transactions.
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Blog
Novartis responds to ongoing corruption investigations
Novartis has issued a response concerning ongoing corruption investigations by both Greek and U.S. authorities.
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Podcast
Podcast: How to improve sanctions compliance
In our latest podcast, we chat with Daniel Wager of LexisNexis Risk Solutions, about the challenges inherent in sanctions compliance. What can firms look for in terms of the red flags that a bad actor is seeking to bypass sanctions restrictions?
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Blog
Podcast: How to improve sanctions compliance
In our latest podcast, we chat with Daniel Wager of LexisNexis Risk Solutions, about the challenges inherent in sanctions compliance. What can firms look for in terms of the red flags that a bad actor is seeking to bypass sanctions restrictions?
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Article
FDIC recordkeeping rule poses a big bank data challenge
To get a better grip on resolution planning, the FDIC wants banks to do a better job keeping track of deposit data.
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Blog
Third highest Department of Justice official to leave for Walmart
Rachel Brand, Associate Attorney General of the Department of Justice, will join Walmart on April 2 as executive vice president, global governance and corporate secretary.
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Blog
The intersection of cyber-security with the compliance professional
New York’s Department of Financial Services (DFS) has issued the first state level regulations on cyber-security for financial institutions, but non-financial services industries should take heed of them as well.
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Blog
Continuous monitoring to continuous improvement
To continuously improve a compliance program, the compliance team should apply a consistent set of protocols, checks, and controls tailored to the company’s risks. Tom Fox offers some guidance on how to do just that.
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Blog
Does your board have a compliance expert?
The Federal Reserve Bank this month assessed a penalty against Wells Fargo for the bank’s widespread customer abuse from its fraudulent accounts scandal, other regulatory violations, and lack of response by the bank’s doard of directors to these problems and other risk management issues.
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Blog
The effects of corruption at home
Petrobras (of Operation Car Wash fame) will soon consider offers to sell a refinery located in Pasadena, bringing the effects of the FCPA home to the United States.
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Blog
FASB plans to finalize tax reform guidance
The FASB plans to finalize by Feb. 16 guidance that will allow entities to reclassify certain tax effects in equity as a result of recent tax legislation.
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Blog
Burford Capital names chief accounting officer
Burford Capital, a litigation finance company, has appointed Charles Utley as chief accounting officer.
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Resource
Cybersecurity Pulse Check Cross-Industry Performance Report
True Office’s Cybersecurity Competency Toolkit is one-stop-solution to help organizations diagnose employee understanding of their role in cybersecurity and train on the necessary topics to ensure compliance with policies and regulations.
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Blog
Early filings point to uptick in revenue failures
Audit Analytics is predicting companies will disclose an increased number of accounting failures in 2018 after the adoption of new rules on revenue recognition.
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Blog
States take first step towards standardized MSB licensing
Seven states have agreed to a multi-state compact that is intended to standardize and streamline the licensing process for money services businesses.
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Blog
Rabobank to pay $368.7M for laundering Mexico drug money
The U.S. subsidiary of Rabobank pleaded guilty this week to a felony conspiracy charge for impairing, impeding, and obstructing a government investigation by concealing deficiencies in its anti-money laundering program.