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How Regulators Can Help AML Compliance Officers Do Their Jobs

Anti-money laundering enforcement actions and their underlying investigations increasingly target compliance officers, seeking to hold them …

Financial Services

and-Gas Fraud Charges Against Houston-Based Company and CEO

SEC Seeks up to $750 Million in Sanctions From Wyly Brothers

The Securities and Exchange Commission said in federal court Monday that it is seeking up to $750 million in sanctions from Texas entrepreneur Sam Wyly and the estate of his deceased brother, Charles Wyly.<p>The demand follows a May civil jury verdict that found the Wyly brothers liable on civil fraud …

Sanctions

Directors and company secretaries face greater responsibility in managing risk

Directors and company secretaries are expected to take a more active role in establishing effective risk management practices in their companies …

Risk Management

Hong Kong regulator bans former executive for life over HK$8 million in unauthorised client losses

Hong Kong’s securities regulator has banned a former trader at a securities house for life, after finding that he provided false information to …

Hong Kong

China Warns Microsoft Against Obstructing Probe

Regulator Says It Questioned Microsoft Deputy General Counsel Mary Snapp<p>Chinese regulators on Monday publicly warned Microsoft Corp. against obstructing an antitrust investigation into the firm, in the latest sign that Beijing has turned frosty on the U.S. software maker.<p>China's State …

Innospec Executives Sentenced in Corruption Case

By<p>Samuel Rubenfeld<p>Samuel Rubenfeld<p>The Wall Street Journal<p>Biography<p>Four former executives of Innospec Ltd. were sentenced Monday in a London court for their roles in a long-running corruption scheme.<p>“Corruption in this company was endemic, institutionalized and ingrained,” said the judge as he …

Banks Angling for China IPO Hired a CEO's Daughter

As banks angled to participate in the IPO of China's Tianhe Chemicals, three of them—UBS, Investec and J.P. Morgan Chase—hired the daughter of the CEO.<p>HONG KONG—Over nearly four years, banks courted China's Tianhe Chemicals Group, hoping to get a piece of the company's expected initial public …

Governance, Risk Management, and Compliance: It Can't Happen to Us--Avoiding Corporate Disaster While Driving Success (Wiley Corporate F&A) Kindle Edition

<b>An expert's insider secrets to how successful CEOs and directors shape, lead, and oversee their organizations to achieve corporate goals</b><p><i>Governance,</i> …

Implementing COSO’s 2013 Framework Ten questions that Need to be Answered

Since many publicly traded companies are now implementing COSO’s <i>Internal Control – Integrated Framework</i> 2013 (Framework), it is a good time to answer …

For Banks, Rethinking Regulatory Compliance Management

×<p>As regulatory guidance for banks becomes increasingly forceful, financial institutions are working to establish compliance frameworks that are equipped to meet more stringent standards. In the post-Dodd Frank Act regulatory environment, the assumption that guidance is just an expectation, rather …

Transitioning from the GC's Office to Compliance

by Roy Snell, CEO SCCE<p>Just yesterday, I talked to a former general counsel. We are talking again today. He was wondering if he could/should or was …

Regulation

CCO Reporting to Board: Five Best Practices - Corruption, Crime & Compliance

Chief Compliance Officers need the support of their Board of Directors. The relationship between the CCO and the head of the Audit/Compliance …

Energy Regulators Say EPA's Climate Rule Poses Grid Challenges

Federal Energy Regulatory Commission Expresses Cost, Reliability Concerns<p>By<p>Amy Harder<p>Amy Harder<p>The Wall Street Journal<p>Biography<p>@AmyAHarder<p>AmyAHarder<p>Google+<p>amy.harder@wsj.com<p>WASHINGTON—President Barack Obama's proposed rule to curb carbon emissions from the nation's power plants could raise costs …

Natural Gas

Answers On

Answers On is a blog from Thomson Reuters, the intelligence, technology and human expertise you need to find trusted answers.

Risk Management Costs Up Slightly

For the third consecutive year, the average total cost of risk (TCOR), which measures how much companies spend on property, casualty and workers’ …

Singapore regulator proposes new rules for financial benchmarks

Singapore's central bank announced new proposals on Tuesday to regulate financial benchmarks in the wake of a series of scandals around the world …

Administrative Law

Morgan Stanley to Pay $275 Million for Misleading Investors in Subprime RMBS Offerings

The SEC charged three Morgan Stanley entities with misleading investors in a pair of residential mortgage-backed securities (RMBS) securitizations …

Singapore Accountancy Convention 2014 underway.. come visit the purple booth! #SAC2014 #ISCA http://t.co/U74o0x9pjU

Oil Exec Disappears as China Corruption Probe Bleeds Into Canada

A Chinese government anticorruption investigation that already has swept aside dozens of officials is now stretching into Canada.<p>A shake-up has hit state-run China National Petroleum Corp.’s Canadian operations and a billion-dollar oil-sands project is now in limbo. As the WSJ’s Chester Dawson, …

Chinese Corruption Probe Stretches Into Canada

Billion-Dollar Oil-Sands Project Is Left in Limbo<p>A Chinese government anticorruption investigation that already has swept aside dozens of officials is now stretching into Canada. A shake-up has hit state-run China National Petroleum Corp.'s Canadian operations and a billion-dollar oil-sands project …

Corruption

China Targets Former Chairman of Weetabix Owner in Anticorruption Drive

Wang Zongnan Is Suspected of Accepting Bribes, Embezzling Public Funds<p>BEIJING—Chinese officials have launched an investigation into a former chairman of the Chinese owner of Weetabix breakfast cereal amid an anticorruption campaign that is spreading across business sectors in the country.<p>Shanghai …

China

Key Risk Conversations to Have With Your Board and Investors

Building a startup is a risky business. The only way to stay ahead of the risks is to be aware and informed about them.<p>The board of directors, in …