All Compliance Week articles in Web Issue – Page 984
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Blog
First step to end the Car Wash investigation?
The will to continue the fight against institutional corruption in Brazil may be waning. From the perspective of The Man From FCPA, it appears that it is the beginning of the end for the seismic change that has come over the country starting with Operation Car Wash.
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Blog
DoJ seeks to recover $144M in Nigerian oil industry corruption case
The Department of Justice has filed a civil complaint seeking the forfeiture and recovery of approximately $144 million in assets obtained from corruption in the Nigerian oil industry.
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Blog
Do partners suffer bad inspection results? Not really, study says
New academic research suggests audit firms may be shielding low-performing partners from client scrutiny by remaining coy about PCAOB inspection results.
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Article
SEC focus on creating IPOs has hurdles to overcome
The SEC, through its new chairman, Jay Clayton, is looking to spark capital formation and new public offerings. Are its incentives enough?
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Article
CFPB courts even more controversy with arbitration rule
A new rule finalized by the CFPB bans arbitration demands in financial services agreements. A boon to class-action attorneys, questions abound as to what it all means for firms.
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Blog
412 charged in record health care fraud ‘takedown’
A nationwide “takedown” by the Medicare Fraud Strike Force has resulted in charges against a record 412 healthcare professionals—the largest ever health care fraud enforcement action—for their alleged participation in health care fraud schemes involving approximately $1.3 billion in false billings.
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Blog
Financial Conduct Authority fines compliance officer for pension transfer failings
The U.K. Financial Conduct Authority fined a compliance oversight officer £75,000 for failing to exercise due skill, care, and diligence concerning pension transfer failings.
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Article
New index shows extractives governance lacking in some countries
The results from the Natural Resource Governance Institute’s Resource Governance Index show a lack of governance for natural resources.
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ArticleBNP Paribas faces fresh accusations over involvement with Rwandan genocide
Lingering accusations that BNP Paribas processed transactions that helped finance the 1994 Rwandan genocide continue to dog one of France’s largest banks.
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Article
Getting ready for SEC cyber-security tests
The SEC is testing investment firms for cyber-security readiness. Preparing for it is a marathon, not a sprint.
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Article
Ethics and compliance in United States takes global stage
What do the recent resignations of Walter Shaub, director of the U.S. Office of Government Ethics, and Department of Justice Compliance Counsel Hui Chen mean for the ethics and compliance community?
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Article
How the 4 Cs of compliance training protect financial institutions
Compliance training often can be hard to sell internally. But a training program that focuses on four cardinal virtues not only can gain traction, but can deliver value to the enterprise.
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Article
England: land of crooks or land of enforcement?
There have been an awful lot of chief executives hauled to court recently in England, which begs the question: Why so many, and why now?
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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.
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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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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
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
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
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
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.