Showing posts with label Compliance. Show all posts
Showing posts with label Compliance. Show all posts
Monday, October 19, 2015
Sunday, August 30, 2015
Tuesday, June 16, 2015
Tuesday, April 14, 2015
Monday, March 16, 2015
Wednesday, November 12, 2014
Monday, September 22, 2014
Saturday, September 20, 2014
Friday, September 19, 2014
Wednesday, September 10, 2014
Tuesday, September 02, 2014
Thursday, June 12, 2014
Keynote Address at Compliance Week 2014
Andrew Ceresney
Director of the Division of Enforcement
Washington D.C.
May 20, 2014
At the outset, let me give the requisite reminder that the views I express today are my own and do not necessarily represent the views of the Commission or its staff.
It is a real pleasure to be here with a group of legal and compliance professionals. In my time in private practice, and now as the Director of Enforcement, I have come to appreciate how your work is invaluable to the SEC’s mission of protecting investors and ensuring the integrity of our markets. You serve as a critical line of defense against securities law violations.
I recently reached my one-year anniversary since joining the Commission, and so I want to share with you today my thoughts on some of our accomplishments over the last year, including some of the significant changes we have made, and what lies ahead. As I often like to say, this is a great time to be in the Enforcement Division.
See full Transcript: http://www.sec.gov/News/Speech/Detail/Speech/1370541872207#.U5h5DfmSx8E
Saturday, February 23, 2013
Friday, September 21, 2012
Tax: OECD welcomes multilateral efforts to improve international tax compliance and transparency
The OECD welcomed today a new model international tax agreement designed to improve cross-border tax compliance and boost transparency.
Developed by the United States, France, Germany, Italy, Spain and the United Kingdom, the model allows the implementation of the Foreign Account Tax Compliance Act (FATCA) through automatic exchange between governments, reduces compliance costs for financial institutions and provides for reciprocity.
The model agreement calls on the OECD to work with interested countries on adapting the terms of the agreement to create a common model for automatic exchange of information, including the development of reporting and due diligence standards for financial institutions.
See full Article.
Sunday, September 16, 2012
Friday, August 03, 2012
Thursday, November 03, 2011
Compliance mindset suppresses effective communication
I thought you would be interested in the article below that appeared in last week’s Accountancy Age. PwC’s recently launched snapshot of the FTSE 350 reporting practices here in the UK; is referenced throughout the article. I would encourage you to read this snapshot of the survey findings, which doesn’t make pleasant reading. We recognise that reporting is not made easy by the regulatory demands imposed on all companies today, but sadly too many reports display the dead hands of compliance and the editorial committee. While a few companies have cut through the historic clutter and the short-term financials to create a strategic picture of the business that is informative and convincing, they are the minority.See full Article.
Tuesday, November 01, 2011
Corporate reporting - From compliance to competitive edge
It's hard to keep up with all that's happening in the world of corporate reporting. Last week I had the pleasure of attending the IIRC's pilot kick off meeting in Rotterdam. It was a great two days with a real sense of purpose and real engagement from all the pilot companies who attended from around the world. Interestingly there was a clear ambition from all to use the pilot programme to change not only the way they report externally, but just as importantly to influence the mindset and business practices within their organisations. Put simply, integrated reporting starts with an integrated mindset. Here in London there is also a growing momentum for change. Ed Davey at the Department for Business Innovation and Skills (BIS) is leading a consultation to rethink the structure of annual reports. The paper entitled 'The future of narrative reporting' aims to sharpen the reporting model and make key information easier for investors to find. Central to the proposals is the idea to re-structure the annual report, to focus it on two elements: the strategy report and the directors’ disclosure report.
See full Article.
Friday, August 12, 2011
Committed to Fraud Prevention
As regulators focus on corruption crackdowns, companies are turning to compliance committees to help them stay on the right track.
Do a Web search for corporate compliance committees, and you'll get hundreds of thousands of results. As compliance issues move front and center thanks to the new U.K. Bribery Act and a renewed focus on the Foreign Corrupt Practices Act (FCPA), compliance committees have become a hot new topic.
Because legislators and regulators in the United States and abroad are paying more attention to bribery and corruption, companies have been forced to reevaluate their compliance efforts and improve them on the fly. In the past, compliance committees have been most prevalent in the health-care industry, but now companies in other industries are creating them as well.
See full Article.
Creating a Culture of Compliance
"Tone at the top" is an overused phrase, but if companies want to mitigate fraud senior leaders need to speak up forcefully.
Cell-phone markets in Central America and Southeast Asia were booming early in the decade, and Alcatel SA paid dearly to get in on the action, in more ways than one.
The Paris telecommunications giant doled out $8 million in bribes to "consultants" (including a well-connected perfume distributor in Honduras) to gain access to key government officials awarding lucrative contracts in four countries. When its actions came to light, subsequent prosecution under the Foreign Corrupt Practices Act (FCPA) led to fines estimated to exceed $130 million.
See full Article.
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