All Compliance Week articles in Web Issue – Page 519
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Blog
Compliance, risk, and the opioid scandal
The pharmaceutical industry may be the next victim of the opioid epidemic, as the government turns its focus on the pharmaceutical manufacturers themselves, not the addict or drug abuser.
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Blog
New twist in the Volkswagen investigation
In one of the more interesting and recent twists to the emissions-cheating scandal, Volkswagen has accused a group of fellow German car manufacturers of collusion over the diesel engine scandal, now almost two years old.
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Blog
Wells Fargo and its data privacy faux pas
Wells Fargo continues to be in the news these days (and not for the better) in the way of its reputation.
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Blog
Exxon to challenge OFAC over Russia sanctions
The Treasury Department’s Office of Foreign Assets Control has slapped ExxonMobil with a $2 million civil penalty for violating Ukraine-related sanctions regulations, an action that Exxon is legally challenging.
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Article
Rule overload vs. a rhetorical rabbit hole
Downsizing the regulatory regime can be a worthy goal that helps build the economy without harming the public. But be wary when politics guide the process.
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Article
At 15, Sarbanes-Oxley Act inspires reflection, renewed attacks
The Sarbanes-Oxley Act, legislation that ushered in an era of refocused corporate compliance, is in the spotlight again. Has it worked? Or will it end up on the regulatory chopping block?
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ArticleThe compliance side of the war on drugs
In a precedent-setting case, drugmaker Mallinckrodt Pharmaceuticals has agreed to a $35 million settlement with the U.S. federal government for failing to monitor its sales channels for suspicious orders.
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Article
Mexico unveils new anti-corruption law
A new Mexican law cracks down on dishonest business, especially with public servants. But companies with strong compliance programs should have little to fear, experts say.
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Resource
PCI Scoping Primer
Title: PCI Scoping PrimerRead this guide to help determine what systems need to be audited, where you need to close gaps, and how to navigate the overall process.
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Blog
House panel ponders rollbacks, including internal control audits
A House sub-committee is asking whether federal regulation has hindered the growth of public companies, including Sarbanes-Oxley auditing of internal controls.
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Blog
AICPA outlines ideas for tax reform to Senate leaders
As the prospects for healthcare reform hit the skids, the accounting profession is offering Senate leaders some ideas to help get tax reform off the ground.
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Blog
Trump nominates Peirce to SEC, echoing Obama in 2014
President Donald Trump has nominated Hester Peirce to serve on the Securities and Exchange Commission for the remainder of a five-year term. She was initially—and unsuccessfully—nominated by President Obama in 2014.
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Blog
Rep. Cicilline shops for a hearing on Amazon’s Whole Foods buy
On the heels of “Prime Day,” Congressman David Cicilline (D-R.I.) is asking the House Judiciary Antitrust Sub-committee to hold a hearing on Amazon’s proposed $13.7 billion acquisition of Whole Foods.
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Blog
New York expands state-based licensing platforms
New York is expanding online offerings for state-based licensing for both non-depository financial institutions and agents and brokers seeking to return to insurance businesses in the state.
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Blog
Schumer can’t stomach fake organics
Amid the discovery of fraudulently labeled organic products coming into the U.S., Senate Minority Leader Chuck Schumer is demanding that the Department of Agriculture “step up oversight of imported foods.”
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Blog
California rallies to resurrect, extend ‘cap-and-trade’
Despite a federal retreat from environmental regulations, a bipartisan coalition of California lawmakers has passed legislation that extends the state’s cap-and-trade program to 2030.
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Blog
Bipartisan support grows for better exam coordination
In a letter to Treasury Secretary Steven Mnuchin, a bipartisan collection of more than two dozen legislators is demanding streamlined, better coordinated bank oversight and examinations.
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Blog
State bankers unite against arbitration rule
State banking associations have joined the fight against the CFPB’s new rule that curtails the use of mandated arbitration. They are turning to Senators to kill the rule with the Congressional Review Act.
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Blog
Change in prosecutorial strategy in VW case?
The recent arrest of an italian citizen in Germany, a former VW employee, may mean the government intends to bring charges against lower-level employees in an attempt to get them to flip on senior employees who were involved in the fraud.
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Article
ACA filing deadlines still loom amid reform debate
Companies that choose not to comply with Obamacare tax filing regulations, hoping for a repeal of the law instead, are playing with fire, experts say.