All Compliance Week articles in Web Issue – Page 509
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Article
U.K. officials talk enforcement, cooperation, more
At the 35th Cambridge Symposium on Economic Crime, British government officials provided valuable insight on regulatory priorities and how to stay right under the eyes of the law.
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ArticleThe classic post-scandal question to auditors: What happened in the black box?
When investors decry the black box of public company auditing, asking for more visibility, they’re referring to cases like KPMG’s audit work at Wells Fargo.
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CEO pay went down in 2016, but why?
Average CEO pay in the FTSE 100 went down 17 percent last year, but was it because of poor performance or the rising tide of public demands for lower executive compensation overall?
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SEC’s controversial pay ratio rule still alive and problematic
The SEC’s rule requiring companies to disclose the ratio between CEO and average worker pay persists despite much pushback from business and government alike.
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‘Lone wolf’ terror attacks pose a challenge for financial detectives
Following 9/11, laws and compliance rules were leveraged to “follow the money” and disrupt terror plots. But can those efforts intercept “lone wolf” attacks?
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Court deals setback to prosecutors in cross-border cases
In an age of increasing cross-border investigations, especially concerning FCPA violations, the use of compelled testimony, even when legally obtained, can derail a U.S. prosecution.
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Blog
New York AG launches formal investigation into Equifax breach
As part of a formal investigation into the massive breach involving credit-reporting agency Equifax, which has effected about 143 million U.S. consumers, New York Attorney General Eric Schneiderman sent a letter to Equifax seeking additional information about the breach.
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Blog
Aeterna Zentaris chief accounting officer departs
Aeterna Zentaris, a Canada-based specialty biopharmaceutical company, announced the departure of the Geneviéve Lemaire as vice president, finance and chief accounting officer, effective on or before Sept. 30, 2017.
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Blog
Target chief risk and compliance officer to depart
Retail giant Target said that Jacqueline Rice, chief risk and compliance officer, will be leaving the company in September. Rather than replace her role, Target said that Chief Legal Officer Don Liu will inherit her team.
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Blog
Zurich appoints new group chief risk officer
Zurich Insurance Group this month announced that Alison Martin will join the company on Oct. 1 and assume the role of group chief risk officer in January 2018. The appointment is subject to regulatory approval. She will succeed Cecilia Reyes, Zurich’s current group chief risk officer, who will retire from ...
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Blog
What new headaches may befall FIFA?
A new and potentially very damaging turn has taken place in the ongoing FIFA corruption scandal. Miguel Maduro, former chairman of FIFA’s governance committee, said that if asked, he would provide specific accusations of top FIFA officials pressuring him to ignore regulations.
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Uber and “Hell”
The hits keep coming to beleaguered transportation firm Uber; reports have surfaced that an internal company program called “Hell” utilized software that allowed it to illegally interfere with Lyft, an Uber competitor.
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Blog
Remediation and the Equifax data breach
Equifax has a long road to travel to get past the recent data breach that saw 143 million people’s personal information exposed to theft.The company will need to engage in significant remedial action, notes The Man From FCPA, if they hope to survive the upcoming fallout.
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Blog
FASB proposes updated, new taxonomies for 2018
FASB has completed its annual update to the GAAP taxonomy and has added a new taxonomy for companies to consider addressing international standards.
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Blog
ICOs, Santa, and the DEA
Title: ICOs, Santa, and the DEAIn case you missed it this week, cryptocurrencies have a historic week, the military continues to ignore sexual misconduct allegations, and physically dragging passengers off of an airline isn’t considered a civil rights violation, after all.
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Blog
Cyber-attack exposes consumer data at Equifax
The consumer credit reporting agency Equifax has announced a cyber-security incident that may have exposed the data of 143 million U.S. consumers. Credit card numbers for approximately 209,000 U.S. consumers were accessed.
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Blog
State Street to pay $35M for disclosure failures
State Street today agreed to pay more than $35 million to settle charges that it fraudulently charged secret markups for transition management services and separately omitted material information about the operation of its platform for trading U.S. Treasury securities.
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Blog
New scandals; new lexicon for unethical conduct
In the FCPA world, the most dreaded question during an enforcement action is “where else?”—as in, where else are you engaging in bribery and corruption? After Wells Fargo, the lexicon may well expand to “what else?”—as in what other conduct is your company engaging in that is unethical?
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Article
Everybody owns compliance
You don’t have to be an explosives technician or a Presidential bodyguard to be a great compliance, risk, and ethics officer, but it sure does help. Just ask Darin Goodwiler of the CFA Institute.
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Blog
Going weird in international bribery and corruption
As Hunter S. Thompson once said, “When the going gets weird, the weird turn pro.” Such is the case of BSG Resources after accusations surfaced that the company had paid bribes to obtain a huge mining concession in Guinea—charges it vehemently denies.