Top ethics and compliance failures of 2023
WEBDec 14, 2023 · A virtual currency exchange that sought to mislead regulators, banks failing after ignoring obvious risks, and a manufacturer that sold millions of its products in violation of U.S. export controls are among those that make up CW’s list of the biggest ethics and compliance fails of 2023.
Wells Fargo discloses AML, sanctions programs under investigation
WEBAug 2, 2024 · Wells Fargo disclosed in a public filing its anti-money laundering (AML) and sanctions programs are under investigation, adding to the already long list of compliance issues plaguing the bank. In a quarterly report filed with the Securities and Exchange Commission (SEC) Thursday, the bank said, “Government …
Just what is ‘reasonable assurance’? | Article - Compliance Week
WEBJan 21, 2014 · Just what is ‘reasonable assurance’? By Jose Tabuena Tue, Jan 21, 2014 4:00 PM. A term of art in the audit profession that is tossed around but not well-understood is “reasonable assurance.”. What does it actually mean when an audit report attests with reasonable assurance that the financial reporting or internal controls are reliable?
Basic Page - About Compliance Week
WEBCompliance Week, published by Wilmington plc, is a business intelligence service on corporate governance, risk, and compliance that features daily news and analysis, custom-designed special reports, proprietary databases, industry-leading events, and a variety of interactive features and forums. Founded in 2002, Compliance Week has become the premier GRC resource for ...
Three ideas to improve the whistleblowing process
WEBJul 30, 2021 · Three ideas to improve the whistleblowing process. On “National Whistleblower Appreciation Day,” it’s important to take stock of how far whistleblowing has advanced over the last few years. Since the idea to designate a day (July 30) recognizing the importance of whistleblowers was unanimously approved by …
Top ethics and compliance failures of 2021
WEBDec 7, 2021 · Opinion Top-of-mind takeaways from TPRM Summit. 2024-06-17T21:11:00Z By Jeff Dale. Top-of-mind issues addressed at Compliance Week’s Third-Party Risk Management & Oversight Summit, held June 3-4 in Atlanta, included safe deployment of artificial intelligence, assessing vendor viability and sustainability, understanding the role of procurement in risk ranking, the intersection (or lack ...
FINRA orders Cantor Fitzgerald to pay $151K over supervision lapses
WEBBy Jeff Dale Thu, Aug 22, 2024 1:26 PM. Cantor Fitzgerald agreed to pay more than $151,000 and be censured as part of a settlement with the Financial Industry Regulatory Authority (FINRA) over alleged supervisory failures in respect to over-the-counter (OTC) securities. Cantor failed to provide best execution for nearly 2,400 orders in OTC ...
Kraft Heinz fined $62M in SEC accounting probe
WEBSep 3, 2021 · News Brief Regs levy $120M in fines over off-channel comms with two firms avoiding penalties. 2024-09-24T15:31:00Z By Aaron Nicodemus. Regulators continue to hammer firms with fines for violating rules regarding the use of unapproved communication methods by employees, issuing $120 million in fines this week.
Pharma, whistleblower lessons learned from $900M Biogen …
WEBOct 11, 2022 · Pharma, whistleblower lessons learned from $900M Biogen settlement. By Adrianne Appel Tue, Oct 11, 2022 8:45 AM. The high price on Biogen’s $900 million settlement for False Claims Act (FCA) violations shows the government is still keenly interested in cases of illegal kickbacks in physician referrals, experts and attorneys said.
Walmart shares successes behind supplier emissions reduction …
WEBFeb 27, 2024 · Retail giant Walmart announced the completion of an initiative to reduce emissions in its supply chain six years earlier than its intended target.
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