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Wall Street Journal | By: Chip Cutter, Katherine Bindley and Kathryn Dill | October 22, 2022 Pay. Productivity. Commuting. Rarely have bosses and workers been so at odds over so much. Employees at General Motors Co. balked at a request to return to the o!ce. At Meta Platforms Inc., bosses Read more…

The Financial Times | February 01, 2018: Bank banned from taking new private clients over failings on money laundering checks. Swiss authorities have reprimanded Gazprombank, Russia’s third-largest bank, over “serious shortcomings in anti-money laundering processes” related to the Panama Papers. Finma, Switzerland’s financial regulator, said Gazprombank’s Swiss branch “failed to Read more…

The Guardian | By: Reuters | January 31, 2018: A Pentagon report has highlighted military bases’ vulnerability to the effects of climate change. Nearly half of US military sites are threatened by wild weather linked to climate change, according to a new Pentagon study whose findings run contrary to White Read more…

The Wall Street Journal | By: Andrew Browne | January 30, 2018: The Marshall Plan birthed a U.S.-led global order ~ now China is building a new world. The U.S. once had a grand strategy. Its post-World War II rescue program for Europe gave birth to a new global order. Read more…

The Wall Street Journal | By: Natalia Drozdiak | January 18, 2018: Supreme Court expected to rule by June in dispute between the Justice Department and Microsoft. European lawmakers and companies worry that a lawsuit the U.S. government has brought to the Supreme Court could clash with European Union law, Read more…

RSA Conference | Blog | GPE – January 17, 2018: Numerous relatively recent cyber attacks have successfully breached organizations that should be the cyber world’s equivalent of Fort Knox – exceedingly hard to penetrate. Yet as the infiltration of systems at the likes of the Security and Exchange Commission, National Read more…

The Wall Street Journal | By: Theo Francis & Yaryna Serkez | GPE – January 17, 2018: Companies have long sheltered foreign profits offshore. Now the tax bill is coming due. How much will they pay? December’s federal tax overhaul gave American companies much of what they wanted on the Read more…

World Resources Institute | By: Hui Jiang | GPE – January 16, 2018: China’s cities are drowning in bicycles. Originally published January 12, 2018: Dozens of “dockless” bike-sharing startups have emerged in the past few years, offering apps where riders can locate bicycles, unlock them and leave them wherever their Read more…

Gallup | By: Zacc Ritter and Jeffrey M. Jones | January 16, 2018: Americans believe the news media play an important role in democracy, particularly in terms of informing the public, yet they do not think the media are fulfilling that role well. Forty-four percent of Americans say the news Read more…

The Financial Times | By: Barney Jopson | January 11, 2018: Online donation sites are booming as patients with little or no health insurance turn to strangers to help pay medical costs. Isabella Masucci strode into hospital after a sleepless night. She carried a paper bag of prized possessions and Read more…

The Wall Street Journal | By: Ira Iosebashvili | GPE – December 28, 2017: Corporations could repatriate as much as $400 billion in earnings and cash from abroad. Originally published on december 25, 2017: A provision of the tax overhaul is expected to release a tide of U.S. corporate cash Read more…

Gallup News | By: Zac Auter | December 27, 2017: Throughout 2017, Gallup investigated the current state of higher education in the U.S. We listened to the perspectives of critical audiences ranging from chief business and academic officers at colleges and universities to education consumers themselves to Americans in general. Read more…

The Wall Street Journal | By: Chris Gordon | GPE – December 28, 2017: A senior White House official said Sunday that the Trump administration’s push for an infrastructure rebuilding plan will begin in earnest early next month, and that the president has invited GOP congressional leaders to Camp David Read more…

FinCEN | GPE – December 23, 2017: The Financial Crimes Enforcement Network (FinCEN) is announcing a further extension of time for certain Report of Foreign Bank and Financial Accounts (FBAR) filings in light of the notice of proposed rulemaking (NPRM) FinCEN issued on March 10, 2016, which proposes to revise Read more…

The FCPA Blog | By: Richard L. Cassin | December 22, 2017: The DOJ’s FCPA Pilot Program — giving companies declinations or reduced penalties if they self disclose, cooperate, and disgorge profits — has now been enshrined in the U.S. Attorneys’ Manual. It’s a permanent guideline for prosecutors. What it Read more…

Offices Of The United States Attorneys | GPE – December 22, 2017: This chapter contains the Department’s policy regarding investigations and prosecutions of violations of the Foreign Corrupt Practices Act (FCPA). The FCPA prohibits both United States and foreign corporations and nationals from offering or paying, or authorizing the offer Read more…

The Wall Street Journal | By: Ben DiPietro | GPE – December 20, 2017: The cost of compliance for organizations rose 43% between 2011 and 2017, while the cost for not being in compliance rose 45% in that time, according to new research from data-integration firm Globalscape and Ponemon Institute. Read more…

Gallup | By: Jim Harter | December 20, 2017: According to our recent State of the Global Workplace report, 85% of employees are not engaged or actively disengaged at work. The economic consequences of this global “norm” are approximately $7 trillion in lost productivity. Eighteen percent are actively disengaged in Read more…

The Wall Street Journal | GPE – December 20, 2017: Don Jaycox, DLA Piper’s chief information officer for the Americas, sat down with Wall Street Journal reporter Kate Fazzini to explain how the firm responded to the attack, which also affected multinational companies such as A.P. Moller-Maersk, Reckitt Benckiser Group Read more…

The Wall Street Journal | GPE – December 20, 2017: Many U.S. companies may think they don’t have to worry about them. But, as Justin Antonipillai and Ajay Arora explain, they do. ‘There are thousands of companies that have no idea that you’re actually covered by this law.’ The Wall Read more…

FinCEN | GPE – December 20, 2017: The US Department Of The Treasury, Financial Crimes Enforcement Network (FinCEN) have produced a  form to facilitate conforming with the compliance requirements relating to Beneficial Owners. This is an optional form provided for your convenience. The required information may be provided in other Read more…

The Wall Street Journal | By: Greg Ip | December 18, 2017: GOP tax plan could lead companies to curb shifting of profits abroad—and could satisfy Trump’s protectionist instincts. Dublin has been a welcome port for U.S. companies engaging in ‘transfer pricing,’ moving millions of dollars in profits to low-tax Read more…

Reuters | By: by Joyce Lee & Heekyong Yang | December 16, 2017: South Korea’s spy agency said North Korean hackers were behind attacks on cryptocurrency exchanges this year in which some 7.6 billion won ($6.99 million) worth of cryptocurrencies were stolen, a newspaper reported on Saturday. The cyber attacks Read more…

The Wall Street Journal | By: James V. Grimaldi & Paul Overberg | December 12, 2017: A Wall Street Journal investigation uncovered thousands of fraudulent posts on agencies’ dockets, in hot-button areas such as net neutrality and payday lending. On federal government web sites, public comments can influence the outcome Read more…

The Wall Street Journal | By: Sam Schechner & Patricia Kowsmann |December 08, 2017: New rule is latest mainstream effort to adopt record-keeping developed for virtual currencies. France said Friday that it will allow wider use of the record-keeping technology behind bitcoin in the issuance and trading of traditional securities, Read more…

Reuters | By: David Stanway | December 06, 2017: The smog-prone northern Chinese province of Hebei has drawn up plans to launch a comprehensive environmental protection tax starting in the new year that will give more incentives for local polluters to clean up, it said on Wednesday. China’s legislature approved Read more…

Space In Images | By: Copernicus Sentinel-2 Mission | December 08, 2017: Captured by the Copernicus Sentinel-2 mission on 5 December 2017, this image shows flames and smoke from the fierce blazes devastating northwest Los Angeles in Southern California. While hundreds of firefighters battle the fires, more than 200 000 Read more…

The FCPA Blog | By: Richard L. Cassin | December 07, 2017: The European Union Tuesday named 17 countries and territories to its first-ever blacklist of tax havens. Forty-seven other countries were grey-listed but have committed to meeting EU standards. The EU designated a country or territory as a “non-cooperative Read more…

Defense One | By: Joseph Marks | GPE – December 04, 2017: Lines between government-backed hackers and cyber criminals are getting fuzzier, top officials told lawmakers Thursday. Originally published December o1, 2017: That’s one message the FBI wanted to send when it indicted two Russian intelligence officers and two criminal Read more…

The Wall Street Journal | By: Michael S. Derby | December 03, 2017: As electronic-payment methods rise in popularity, central bankers ponder whether they might need to get in the game. For years central bankers have seen digital currencies as a curiosity to keep an eye on. But now they Read more…

Reuters | By: Jeremy Wagstaff, Byron Kaye | December 03, 2017: Police and security agencies have so far only taken an interest in blockchain – the distributed ledger technology behind cryptocurrencies like bitcoin – for tracking criminals hiding illegal money from banks. But that’s changing as some civilian, police and Read more…

The FCPA Blog | By: Gwen Manseau and Jialin (Jackie) Zeng | November 29, 2017: Having recently toughened up its anti-bribery laws, China is now aiming to expand its oversight of corruption in the public sector, possibly leading to increased enforcement efforts against both domestic and foreign companies. In the Read more…

The FCPA Blog | By: Richard L. Cassin | November 27, 2017: The Financial Industry Regulatory Authority fined J.P. Morgan Securities, LLC $1.25 million for failing to conduct proper background checks on 8,600 new employees. FINRA – Wall Street’s independent regulator – said the due diligence failures started in 2009 Read more…

The Wall Street Journal | By: Tatyana Shumsky | November 22, 2017: Ubiquitous spreadsheet software that revolutionized accounting hasn’t kept up, CFOs say. P.F. Chang’s finance chief said he switched the company to Adaptive Insights from Excel because it fosters collaboration and cuts down on administrative tasks. The process can Read more…

Legal & Compliance | By: Laura Anthony, Esq. | November 21, 2017: On September 20, 2017, SEC Chair Jay Clayton issued a statement on cybersecurity that included the astonishing revelation that the SEC Edgar system had been hacked in 2016. Since the original statement, the SEC has confirmed that personal Read more…

The Wall Street Journal | By: Scott Patterson | November 20, 2017: Swiss commodity giant says weaknesses found in subsidiary’s financial reporting. The move comes amid an investigation by Canada’s Ontario Securities Commission, or OSC, the country’s biggest regional securities regulator, into the governance practices of the Glencore copper subsidiary, Read more…

The Wall Street Journal | By: David Kline | November 20, 2017: Today just 8% of U.S. businesses are startups, down from about 12.5% in 1980. The last time I visited China, I had tea with Deng Xiaoping. It was 1978, and the Chinese leader outlined for me a plan Read more…

The Financial Times | November 19, 2017: The world’s biggest companies will spend tens of millions of dollars to meet new EU data protection laws by next May’s deadline, according to a survey that shows the costs of meeting some of the world’s toughest privacy rules. Members of the Fortune Read more…

The Wall Street Journal | By: Steven Norton | GPE – November 20, 2017: Corporate boards should think about cybersecurity risk as banks think about bank robbery: a relatively common risk that must be managed. “Just like bank robbery, you can’t say get rid of (cyber risk) and make it Read more…

The Wall Street Journal | By: Samuel Rubenfeld | November 15, 2017: Anti-money laundering enforcement of broker-dealers by the Securities and Exchange Commission has been on the rise over the past year or so, but the $3.5 million penalty of a Wells Fargo unit stands out because it concerns a Read more…

MetricStream | Various Authors | GPE – November 15, 2017: Requirements for Data Processors, Data Controllers, and Data Protection Officers. The EU General Data Protection Regulation (GDPR) is poised to do for data protection and security what the Sarbanes-Oxley Act (SOX) did for corporate governance in the early 2000s – Read more…

The Wall Street Journal | By: Tom Fairless | November 14, 2017: ECB chief Mario Draghi says critics of monetary stimulus had faced too little scrutiny. The heads of four of the world’s most important central banks defended their sweeping crisis-fighting measures in a rare joint appearance, and discussed how Read more…

The FCPA Blog | By: Robert Clark | November 13, 2017: Companies minimize the risk of corruption by adequately vetting their prospective representatives ~ typically by reviewing information about the financial interests and relevant connections of the intermediaries’ owners and key personnel, and screening those individuals for reputational and criminal-history Read more…

WaterWorld | By Tom Freyberg | GPE – November 12, 2017: German engineering company Bauer Nimr will expand the world’s largest constructed wetland as part of a contract with oil and gas company Petroleum Development Oman (PDO). Originally completed in 2011, the project was expanded in 2014 to 115,000 m3/day Read more…

ICIJ | By: Will Fitzgibbon | GPE – November 12, 2017: A village hoped for a better life. Burkina Faso expected more tax revenue. Residents and officials said Glencore gave them neither. Key findings: Burkina Faso’s tax office fined a Glencore subsidiary after allegations the company abused loopholes to avoid Read more…

Avionics | By: Calvin Biesecker | GPE – November 12, 2017: A team of government, industry and academic officials successfully demonstrated that a commercial aircraft could be remotely hacked in a non-laboratory setting last year, a U.S. Department of Homeland Security (DHS) official said Wednesday at the 2017 CyberSat Summit Read more…

Satellite Today | By: Jeffery Hill | GPE – November 12, 2017: Recent trends in malicious cybersecurity activity show that hackers are becoming much more adept at breaching networks using acquired “legitimate” credentials (such as outdated test login accounts to Virtual Private Networks, VPNs) and “blending in” with normal network Read more…

International Consortium Of Investigative Journalists | By: Ryan Chittum | November 07, 2017: Canadian Prime Minister Justin Trudeau said the Canada Revenue Agency would investigate Canadians names in the Paradise Papers. as he fended off questions about his relationship with his close ally and Liberal Party fundraiser Stephen Bronfman. The Read more…

International Consortium Of Investigative Journalists | By: Spencer Woodman | November 07, 2017: Records reveal huge overseas hoards tied to hedge fund tycoon and Democratic donor James Simons and other ultra-wealthy individuals. In December 2010, an attorney associated with James H. Simons, the billionaire founder of the hedge fund Renaissance Read more…

Nextgov | By: Alexis Madrigal | November 06, 2017: It happened again. After a horrifying mass shooting, searching for the shooter’s name on Google surfaced an editor of the conspiracy site InfoWars, Julian Assange claiming the shooter had converted to Islam, and a “news” Twitter feed that’s tweeted a few Read more…

UK Government | GPE – November 07, 2017: From today (30 June 2016) companies will have to declare who owns or controls them to Companies House. Originally published June 30, 2016: The People with Significant Control (PSC) register includes information about the individuals who own or control companies including their Read more…

The FCPA Blog | By: Richard L. Cassin | November 06, 2017: The SEC has a new chief to enforce the FCPA. His name is Charles Cain. And what’s important to him is leveling the playing field. In an SEC statement Thursday announcing his promotion, Cain himself said: “I look Read more…

Defense One | By: Laura Bliss | November 05, 2017: After the truck attack in Manhattan, there’s no excuse for a limited imagination when it comes to safer streets. How do you stop a terrorist, a crazy person, or just a rage-filled asshole in a commercial vehicle from ramming into Read more…

Reuters | By: Reuters Staff | November 6, 2017: China will exempt banks’ interest income from loans to small firms and rural households from value added tax, authorities said on Monday, in the latest step to address a long-standing issue of lack of financing to small firms. The policy will Read more…

Financial Times | October 27, 2017: Department warned of risks to IT systems a year before WannaCry assault. The scale of the cyber attack on the National Health Service was far larger than previously appreciated, according to a report by the spending watchdog that lays bare the health service’s poor Read more…

The Wall Street Journal | By: Robert McMillan | October 24, 2017: An outbreak of malicious software Tuesday froze computer systems in several European countries, and began spreading to the U.S., the latest in a series of attacks that have plagued companies and government agencies this year. The outbreak, called Read more…

Aviation Week | By: Jerrold T. Lundquist | October 18, 2017: Industries evolve much like nature in the form of “punctuated evolution.” Things stay at status quo for long periods, and then an external event—an asteroid impact, food shortage or new predator arrival—fundamentally alters the landscape. The result is a Read more…

The Wall Street Journal | By: Dave Michaels | October 17, 2017: Miner valued Mozambique coal assets at $3 billion though value was internally assessed at negative $680 million, according to lawsuit. U.S. regulators on Tuesday sued Rio Tinto RIO -0.46% PLC and two former top executives over claims they Read more…

Reuters | By: Julia Fioretti | October 18, 2017: A year-old pact underpinning billions of dollars of transatlantic data transfers will get the green light from the European Union on Wednesday after the first review to ensure Washington protects Europeans’ data stored on U.S. servers. The EU-U.S. Privacy Shield was Read more…

NextGov.com | By: Joseph Marks | October 16, 2017: The Homeland Security Department plans to issue a binding directive Monday requiring agencies to implement a slew of new email security protections. The directive will give agencies three months to implement a tool called DMARC that helps prevent hackers from spoofing Read more…

The Wall Street Journal | By: Brent Kendall | October 16, 2017: Company argues U.S. search warrants don’t reach data stored outside domestic borders. The U.S. Supreme Court on Monday agreed to decide whether email providers have to comply with search warrants seeking customer messages if the material is stored Read more…

The Wall Street Journal | By: Alexander Osipovich | October 15, 2017: Dozens of high-speed traders and others from Wall Street are helping the Pentagon study how hackers could unleash chaos in the U.S. financial system. The Department of Defense’s research arm over the past year and a half has Read more…

The New York Times | By: Various Authors | October 15, 2017: When North Korean hackers tried to steal $1 billion from the New York Federal Reserve last year, only a spelling error stopped them. They were digitally looting an account of the Bangladesh Central Bank, when bankers grew suspicious Read more…

The Wall Street Journal | By: Robert McMillan & AnnaMaria Andriotis | October 13, 2017: Visitors to company’s website were met with malicious software. The security issue that caused visitors to Equifax Inc.’s website this week to encounter malicious software happened because the site was attempting to use a discontinued Read more…

The Wall Street Journal | By: AnnaMaria Andriotis & Emily Glazer | October 10, 2017: Company also said file containing 15.2 million U.K. consumer records also affected. Driver’s license data for around 10.9 million Americans were compromised during the breach of Equifax Inc.’s systems, according to people familiar with the Read more…

Reuters | By: Reuters Staff | October 11, 2017: Israeli intelligence officials spying on Russian government hackers found they were using Kaspersky Lab antivirus software that is also used by 400 million people globally, including U.S. government agencies, according to media reports on Tuesday. The Israeli officials who had hacked Read more…

Transparency International UK | Global Anti-Bribary Guidance | GPE – October 10, 2017: Chapter 12 – Extract: Third parties can represent a considerable bribery risk for companies. They may not operate to the standards of the company and can be used by corrupt employees as channels for bribery. Intermediaries, in Read more…

Transparency International UK | By: Jane Smith | GPE – October 10, 2017: In the dystopian reality of many people’s lives, where kleptocrats gleefully pounce upon myriad opportunities to syphon funds, steal elections and strangle free speech, opacity is key. The lack of transparency enabling these quotidian wrongdoings may now Read more…

Transparency International UK | By: Robert Barrington | GPE – October 10, 2017: This week, the OECD held its annual Integrity Forum – where a collection of experts from governments, inter-governmental organisations, business and civil society gather to discuss corruption. Robert Barrington discusses some of the key themes from this Read more…

Transparency International UK | By: Jameela Raymond | GPE – October 10, 2017: In 2016 the UK’s Overseas Territories (OTs) and Crown Dependencies (CDs) committed to introduce central registers of beneficial ownership information or ‘similarly effective systems’ by 30 June 2017. Governments have made public statements acknowledging that verified information Read more…

The FCPA Blog | By: John Arvanitis | October 09, 2017: The Financial Crimes Enforcement Network’s Final Rule regarding customer due diligence will soon be in force. With implementation required by May 11, 2018, covered financial institutions must ensure their due diligence programs are in line with FinCEN’s guidance on Read more…

Xinhua|Editor: ZD | October 07, 2017: “I am so happy to see the smooth construction of the first China-Russia cross-border road bridge,” said Nagia after she and another 120 artists from China and Russia performed at the bridge construction site. Construction of the long-awaited bridge across the Heilongjiang River, or Read more…

Xinhua | Editor: Liangyu | October 10, 2017: Total assets of China Investment Corporation (CIC), the country’s sovereign wealth fund (SWF), surpassed 900 billion U.S. dollars as of August. The figure is more than triple the original capital of 249 billion U.S. dollars when the fund was founded a decade Read more…

The Wall Street Journal | By: Gordon Lubold & Shane Harris | October 05, 2017: The breach, considered the most serious in years, could enable Russia to evade NSA surveillance and more easily infiltrate U.S. networks. Hackers working for the Russian government stole details of how the U.S. penetrates foreign Read more…

Reuters | By: Sarah N. Lynch & Jim Finkle | October 06, 2017: The U.S. Securities and Exchange Commission (SEC), Wall Street’s top regulator, has discovered a vulnerability in its corporate filing database that could cause the system to collapse, according to an internal document seen by Reuters. The SEC’s Read more…

The Telegraph | By: Danny Boyle | October 04, 2017: Multiple “fatbergs” are clogging up sewers beneath London’s West End, it has been revealed. Thames Water is closely monitoring four major blockages lurking under the streets of the capital’s theatre district. The masses of congealed fat, wet wipes, nappies and Read more…

Defense One | By Joseph Marks | October 04, 2017: The Homeland Security Department formed an election security task force last week to help shore up state and local voting infrastructure, a top official told lawmakers Tuesday. That task force will draw resources and expertise from across the department, including Read more…

The Wall Street Journal | By: Chuin-Wei Yap | October 04, 2017: Seminars on digital-currency investing that once drew hundreds now take place in smaller, more secretive settings. Three days after Chinese regulators outlawed cryptocurrency fundraising in early September, a woman met with half a dozen individuals at a Beijing Read more…

Reinsurance News | By: Marianne Lehnis | October 03, 2017: Reinsurers could place lines of business at risk by failing to properly investigate the financial profile of cedants before taking on their risks, Litmus Analysis warned. “There’s a general consensus among reinsurers that this is an important part of the Read more…

Reuters | By: Jonathan Stempel & Jim Finkle | October 03, 2017: Yahoo on Tuesday said that all 3 billion of its accounts were hacked in a 2013 data theft, tripling its earlier estimate of the size of the largest breach in history, in a disclosure that attorneys said sharply Read more…

FINRA | By: Pete Chandler | GPE – October 03, 2017: Pressure tactics and sound investing rarely, if ever, go hand in hand. This holds true when it comes to pressure to sign legal documents that give someone else the authority to make financial decisions on your behalf, such as Read more…

The FCPA Blog | By: Richard Bistrong | October 03, 2017: Alere Inc. paid more than $13 million last week to settle SEC charges of accounting fraud and overseas bribery. Embedded in the details are some very meaningful lessons for compliance leaders, and even more importantly, for business leaders. Those Read more…

UN News Centre | GPE – October 03, 2017: The United Nations refugee agency announced that it has started distributing plastic sheeting and essential relief items to Rohingyas arriving in from Myanmar into neighbouring Bangladesh, as part of a massive effort to cut the time refugees spend in the open. Read more…

Banking Technology | By: Banking Tech | October 02, 2017: Robo-advisors are software programmes that provide financial advice with minimal human intervention. Software has been providing advice for half a century, from portfolio management to trading strategies to currency management, and more. The novelty is providing robo-advice direct to consumers. Read more…

The FCPA Blog | By: Lucas Zanoni | September 27, 2017: Brazil’s Central Bank issued a rule on compliance policies for financial institutions and credit unions. Resolution Nº 4,595 of August 28, 2017 requires these institutions to adopt compliance programs. Under the new rule, boards of directors of financial institutions Read more…

The FCPA Blog | By: Simon Taylor & Yousr Khalil | September 27, 2017: In December 2016, France enacted an anti-corruption law known as Sapin II. The law was named after Michel Sapin, the then Minister of Finance, who said when presenting the bill: “In the fight against corruption, France Read more…

Xinhua | Editor ZD | September 23, 2017: China’s Belt and Road Initiative can contribute to realizing the dream of the Asian Century through enhancing regional economic integration, Nepali experts said here on Saturday. Speaking at a seminar entitled “Belt and Road Initiative: Economic Development in South Asia,” Nepalese Former Read more…

Chatham House | By: Emily Taylor | GPE – September 23, 2017: Our online intelligence services need freedom from the state. Originally published September 18, 2017: Until 1994, GCHQ, the British signals intelligence agency, didn’t officially exist. Now, it has emerged out of the shadows to take a very public Read more…

The Wall Street Journal | By: Alexander Osipovich, Dave Michaels And Kate Fazzini | September 22, 2017: Some market participants say Consolidated Audit Trail would contain sensitive information that could prove lucrative to hackers. The breach of the Securities and Exchange Commission is stoking doubts about a vast database of Read more…

The Wall Street Journal | By: Samuel Rubenfeld | September 21, 2017: Settlement brings an end to an ‘unfortunate chapter’ in the company’s history, CEO says. Swedish telecoms firm Telia agreed to pay nearly $1 billion to U.S. and Dutch authorities to settle allegations that the company and a subsidiary Read more…

The FCPA Blog | By: Richard L. Cassin | September 21, 2017: The U.S. Securities and Exchange Commission said Wednesday hackers broke into its electronic document storage system last year. The hackers may have traded on information they found, the SEC said. SEC chairman Jay Clayton issued a long statement Read more…

The Wall Street Journal | By: Dave Michaels | September 20, 2017: The top U.S. markets regulator disclosed Wednesday that hackers penetrated its electronic system for storing public-company filings last year and may have traded on the information. The Securities and Exchange Commission’s chairman, Jay Clayton, revealed the breach in Read more…

Reuters | By: Joseph Menn | September 21, 2017: An international group of cryptography experts has forced the U.S. National Security Agency to back down over two data encryption techniques it wanted set as global industry standards, reflecting deep mistrust among close U.S. allies. In interviews and emails seen by Read more…

Reuters | By: Eric Auchard | September 20, 2017: Hackers likely linked to Iran’s government are behind attacks on Saudi and other Western aerospace and petrochemical firms, signaling a rise in Iranian cyber-spying prowess, U.S. security firm FireEye Inc. said Wednesday. A FireEye report dubbed the new hackers group APT33 Read more…

FinCEN | By: Steve Hudak | September 20, 2017: The Financial Crimes Enforcement Network (FinCEN) today issued an advisory to alert financial institutions of widespread public corruption in Venezuela and the methods Venezuelan senior political figures and their associates may use to move and hide proceeds of their corruption. The Read more…

Lexology | By: Patterson Belknap| September 18, 2017: Today, New York Governor Andrew M. Cuomo announced that he has directed the Department of Financial Services (DFS) to issue a new regulation requiring “credit reporting agencies to register with” the DFS, as well as comply with the Department’s “first-in-the-nation cybersecurity standard.” Read more…

Global Custodian | By: Tony Freeman | GPE – September 20, 2017: The implementation of MiFID II in January 2018 is being predicted by many market participants as a Big Bang moment for Europe’s financial markets. This is because the scope of MiFID II/MiFIR is so wide-ranging and covers a Read more…

Clean Technica | By: James Ayre | September 19th, 2017: There has been more than $2 billion spent on fire suppression efforts so far this budget year in the US (the budget year runs from October 1 through September 30), according to the US Forest Service. That figure represents a Read more…

The Wall Street Journal | By: Rob Taylor | September 17, 2017: Both sides in Australia’s referendum on same-sex marriage wonder if millennials, more accustomed to texting and social media, actually know how to send a letter. Australia—The future of democracy faces an unexpected challenge from within. Can young voters Read more…

The Wall Street Journal | By: Steven Russolillo | September 18, 2017: BIS report weighs up risks and rewards from virtual currencies’ surging popularity. Central banks should consider introducing their own cryptocurrencies to counter the risks from the explosive growth in bitcoin and other virtual currencies, the Bank for International Read more…