All Compliance Week articles in Web Issue – Page 476
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Blog
FTI Consulting launches GDPR services
FTI Consulting has launched readiness services to help companies prepare for the EU General Data Protection Regulation, taking effect in May 2018.
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Blog
Former DOJ official joins EY's FIDS practice
Kathleen McGovern, former Senior Deputy Chief in the Criminal Division, Fraud Section, has joined Ernst & Young as a principal in its Fraud Investigation & Dispute Services practice.
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Blog
Did OSI Systems commit FCPA and securities trading violations?
OSI Systems said the SEC and Department of Justice have commenced investigations into potential violations of the Foreign Corrupt Practices Act, and also are investigating trading in the company’s securities.
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Blog
CFPB shuffles unit reporting lines, reviews administrative proceedings
The work of a CFPB unit dedicated to discrimination cases, the Office of Fair Lending and Equal Opportunity, has been undermined by a recently announced organizational change, critics say. Also under new scrutiny at the agency: its use of administrative proceedings.
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Blog
World Bank Group debars three companies in Argentina
The World Bank has debarred three companies in Argentina in connection with the companies’ fraudulent practice of knowingly misrepresenting work progress during a contract under the Second Provincial Agricultural Development Project in Argentina.
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Blog
Berkshire Group names deputy chief compliance officer
Berkshire Group, a real estate investment management company, has named Jeffrey Morandi as vice president, deputy chief compliance officer.
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Blog
COSO appoints new chair, may consider internal control guidance
As new leadership takes the helm at COSO, the board is considering whether it can help sort out ongoing tension over public company internal control reporting.
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Blog
COSO, IAASB form ties to sustainability reporting
Sustainability reporting is breaking new ground in attaching itself to traditional financial reporting after an advocate has formed some new relationships.
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Blog
Activists claim Pruitt purged climate information from EPA website
The Environmental Defense Fund says it can show EPA Administrator Scott Pruitt’s personal involvement in efforts to remove information about climate change from his agency’s Website. It also wants him to recuse himself from any further Clean Power Plan proceedings
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Blog
Hearing assesses link between human trafficking, U.S. financial markets
The House Financial Services Committee held a hearing this week to solicit expert opinion on how human traffickers exploit U.S. financial markets and what more can be done to strike back.
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Blog
Snapping losing streak, CFPB gets constitutional nod from appeals court
Amid Republican led efforts to weaken its purview, the Consumer Financial Protection Bureau has prevailed against a legal challenge to the constitutionality.
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Blog
OCC chides Senate critics, defends supervisory reforms
The Comptroller of the Currency is fighting back against accusations by Senate Democrats, that his agency was slow to adapt to lessons learned from last year’s problematic behavior at Wells Fargo.
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Blog
Cobalt: SEC ends second FCPA probe
Cobalt International Energy disclosed in a securities filing this week that the SEC concluded its second investigation into potential violations of the Foreign Corrupt Practices Act related to the company’s operations in Angola and does not intend to bring an enforcement action.
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Blog
Tax law gives companies reason to check pension funding
The Tax Cuts and Jobs Act gives companies new incentives to fund up their defined benefit pension plans, which have been underfunded in recent years.
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Article
Equal pay fast becoming a U.K. compliance issue
Disputes over discrepancies in compensation are rapidly involving both boardrooms and human resources in ways that compliance will ultimately oversee.
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Blog
FIFA sends a letter
Under the FCPA there must be more than simple communication of instructions to not engage in bribery and corruption. Yet, FIFA only wagged its finger and said “do not engage.” Makes one wonder if the organization is actually ready to change.
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Article
Argentina passes tough new anti-corruption law
Long criticized for looking the other way on graft, Argentina now requires companies doing business there to build strong anti-corruption programs, and plans to enforce it, as well.
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Article
Eliminating seasonality could be a quantum leap for audit quality
Big Four audit firms currently labor under a self-imposed hardship of an intense peak season that erodes audit quality and strains the workforce. What if there was a better way?
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Blog
EU legislators reach agreement on revised Anti-Money Laundering Directive
The European Parliament and the Council of the European Union have reached an agreement on amendments to a fifth revision of the Anti-Money Laundering Directive, proposed by the European Commission last year. The revised Directive covers virtual currencies and anonymous pre-paid instruments and introduces enhanced safeguards for financial flows from ...
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ArticleDespite deregulation push, the SEC keeps working on new rules
Even as the Trump Administration trumpets its deregulation efforts, the SEC is working to implement a backlog of stalled rules already on the books.