Compliance Week | News, Events & Thought Leadership for the …
Join the Compliance Week LinkedIn group, where members network and discuss GRC news and issues. Open to compliance practitioners. Connect with us to join the compliance conversation. For the well-informed Chief Compliance Officer and audit executive: Industry news, resources, webcasts, and more. Get the latest in corporate governance, risk, and ...
Control and delete: How regulators can shutdown companies’ AI ...
Oct 11, 2024 · Companies are increasingly putting their faith in AI to realize the kind of business benefits that the technology seems to promise, but they are also opening themselves up to new and potentially crippling sanctions if they are unable to answer questions that surround how AI …
CPE Webcast: AI strategy and regulatory risk: A financial services ...
Sep 26, 2024 · News Brief SEC orders Invesco to pay $17.5M over misleading investors about ESG assets. 2024-11-11T15:42:00Z By Adrianne Appel. Invesco Advisors agreed to pay $17.5 million to the Securities and Exchange Commission to settle allegations that the company misled investors about the extent of its assets that included environmental, social, and …
Deloitte survey: AI adoption raising concerns about trust, …
Sep 24, 2024 · As the artificial intelligence boom sweeps into the business world, employees are increasingly concerned about ethics questions and data privacy, a new Deloitte survey found, leading them to increasingly lose trust in their organizations.
Need to know: FinCEN beneficial ownership information reporting
Jan 5, 2024 · The calendar has turned to 2024, meaning many small businesses, private companies, and other entities are now required to file their beneficial ownership information (BOI) with the Treasury Department’s Financial Crimes Enforcement Network (FinCEN). The Corporate Transparency Act (CTA), enacted by Congress in 2021, requires reporting ...
Kraft Heinz fined $62M in SEC accounting probe
Sep 3, 2021 · Kraft Heinz fined $62M in SEC accounting probe. By Jaclyn Jaeger Fri, Sep 3, 2021 8:03 AM. Kraft Heinz agreed to pay $62 million as part of a settlement with the SEC for improper accounting that led to the restatement of several years of financial reporting. THIS IS MEMBERS-ONLY CONTENT. To continue reading, choose one of the options below.
Raytheon parent discloses indications of improper payments in …
Feb 8, 2024 · RTX Corp., parent company of aerospace and defense giant Raytheon, disclosed an internal investigation launched into potential improper payments in connection with contracts in the Middle East found indications of misconduct.
OCC cites three banks for risk management, BSA-related failures
Apr 19, 2024 · The Treasury Department’s Office of the Comptroller of the Currency (OCC) cited three banks for unsafe and unsound business practices that mirror issues similar to what spurred last year’s banking crisis, including risks posed to bank investments by higher interest rates and liquidity concerns in the event of a bank’s failure. In a press ...
Best practices to achieve a continuous assurance cybersecurity …
Feb 17, 2022 · Premium AI can help reel in ‘unsustainable’ breach costs, IBM report finds. 2024-08-01T21:51:00Z By Adrianne Appel. The global average cost of a data breach jumped to an all-time high for the second year in a row, but companies can reel in the ballooning drag on profits by adopting artificial intelligence, according to an IBM report.
AI & Compliance Summit notebook: ‘Think big. Start small. Scale …
Oct 9, 2024 · Ben Schreiner, head of AI and modern data strategy business development at Amazon Web Services, kicked off Day 2 of the summit with succinct encouragement for attendees: “Think big. Start small. Scale fast,” he said during the event, which was held under Chatham House Rule though he agreed to be quoted. THIS IS MEMBERS-ONLY CONTENT.