All Compliance Week articles in Web Issue – Page 591
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Blog
FinCEN wants to extend AML programs to all banks
Banks lacking a Federal functional regulator have been hit with proposed rules by the Treasury Department’s Financial Crimes Enforcement Network that would require them to implement anti-money laundering programs. Joe Mont has more.
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Blog
SEC expands disclosure demands for investment advisers
With amendments to Form ADV, the SEC is requiring investment advisers to disclose additional information, so the Commission can get a better understanding of the risk profile of each adviser and the industry as a whole. Joe Mont reports.
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Blog
Liberty Global appoints chief accounting officer
Liberty Global, a global telecommunications company, has appointed Jason Waldron as chief accounting officer. He will report to Charlie Bracken, who will assume the role of chief financial officer on Jan. 1, 2017.
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Blog
Callon Petroleum names chief accounting officer
Callon Petroleum, an independent energy company, has appointed Mitzi Conn to the newly created position of vice president and chief accounting officer. She will report to President and Chief Financial Officer Joseph Gatto.
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Blog10 years later, fugitive CEO pleads guilty to options backdating
Although the days of “options backdating” prosecutions are long past, the case against former Comverse Technology CEO Jacob Alexander, a fugitive in Namibia since 2006, ended just this week with his appearance before an unsympathetic federal judge. Bruce Carton has more.
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Blog
FSOC vs. MetLife legal battle resumes in October
Round two of the fight between insurance giant MetLife and the government over its status as a systemically important financial institution heads to the U.S. Court of Appeals for the D.C. Circuit on Oct. 24 for oral arguments. Joe Mont reports.
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Blog
Deloitte poll: Panama Papers will cause financial crime enforcement to spike
As the Panama Papers saga continues to unfold, global enforcement of financial crimes are expected to spike over the next year, according to a recent poll conducted by Deloitte Advisory. Jaclyn Jaeger reports.
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Blog
Apollo to pay $52.7 million for disclosure and supervisory failures
Four private equity fund advisers affiliated with Apollo Global Management agreed to a $52.7 million settlement with the Securities and Exchange Commission for misleading fund investors about fees and a loan agreement and failing to supervise a senior partner who charged personal expenses to the funds. Jaclyn Jaeger reports.
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Event
The Private Investment Fund Operations and Compliance Forum
Marine's Memorial ClubSan Francisco, CA 94102United States
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ArticleBarclays bank reaches $100m U.S. settlement over LIBOR rigging scandal
A long-running investigation by the State of New York into Barclays’ manipulation of LIBOR rates before the 2008 financial crisis finally draws to a close. Neil Hodge reports.
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Blog
Congress presses Treasury for relief on Section 385 proposal
Ranking Republicans are pressing the U.S. Treasury to rework its fast-tracked, inversion-attacking proposal that would assign debt treatment to common corporate transactions. Tammy Whitehouse has more.
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Blog
Will VW impact international settlements for bribery and corruption?
The Man From FCPA Tom Fox explores the fallout from VW’s emissions-testing scandal and how the company will make restitution going forward to its customers, dealers, and other stakeholders.
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Blog
CONCACAF appoints chief compliance officer
The Confederation of North, Central America, and Caribbean Association Football (CONCACAF) has hired Guilherme Carvalho as chief legal and chief compliance officer, effective Aug. 23. The newly created position is part of a broader effort by CONCACAF to strengthen its governance, management, and operations in the wake of the ongoing ...
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Blog
Mega Bank fined $180 million for AML violations
The New York Department of Financial Services has ordered Mega International Commercial Bank of Taiwan to pay a $180 million penalty and install an independent monitor for violating New York’s anti-money laundering laws. Jaclyn Jaeger reports.
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Article
As SOX costs persist, companies automate more controls
To cope with cost increases and ongoing audit demands, companies are turning to technology to automate more of their SOX internal control. Tammy Whitehouse explores further.
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Article
SOX redux—an opportunity for a fresh look
In this edition of the Compliance Week/OCEG GRC Illustrated Series, we take a look at new technology that can streamline SOX processes and give insight into risk to drive better business outcomes.
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Blog
To really improve corporate culture, it must be measurable
The days of viewing culture as a hazy intangible are over, given regulator interest in using the efficiency of cultural programs as benchmarks for everything from indictment decisions to penalties. Corporate culture, says Jose Tabuena, needs to be subject to performance benchmarks, like anything else.
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Article
A look at Mexico’s new anti-corruption regime
Mexico is getting serious about stamping out corruption, but that might make life difficult even for honest foreign companies operating within the country. Jaclyn Jaeger has more.
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Blog
Office Depot appoints new chief legal officer; board member
Office Depot has promoted Steve Calkins to executive vice president and chief legal officer. The company also appointed Kristin Campbell, the general counsel of Hilton Worldwide, to its board of directors.
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ArticleAlison Taylor: A just and sustainable world
Alison Taylor is passionate about helping organizations understand how they can improve their ethical, governance, compliance, and operational existence to create organizations that aren’t just good at being better, but are also better at doing good.