alexion

We can all use a refresher course in FCPA compliance issues from time to time, and the Securities and Exchange Commission served up precisely that last week with its $21.4 million enforcement action against Alexion Pharmaceuticals.  Alexion is a mid-sized pharmaceutical firm based in Boston, primarily selling Soliris, a drug used to treat several rare…

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compliance jobs

The Compliance Jobs Report arrives early this week, as we are taking a long weekend for the July 4th holiday. We have promotions at Amgen, Astellas Pharma, Coloplast, Otis Elevator, and elsewhere; plus new hires at Tricolor, RTL Group, Orbia, Ipsen, and more. CBRE is looking for a head of investigations, and our Meme of…

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covid

A survey of more than 300 compliance officers finds that roughly half of you have been exclusively working from home since the Covid-19 crisis started four months ago — and while that transition hasn’t been as bad as you’d feared, concerns about compliance failures and budget cuts are rising swiftly. So says a report from…

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compliance jobs

The Compliance Jobs Report this week has personnel moves at Cushman & Wakefield, Coloplast, Westpac, Credit Suisse, and a bundle of other businesses. Facebook is looking for a chief compliance officer, and our Meme of the Week goes out to everyone struggling with tight budgets, which is everyone. As always, thank you to all the…

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fcpa

Swiss pharmaceutical giant Novartis is paying $345 million to settle civil and criminal FCPA charges for misconduct in Greece, Korea, and Vietnam. As usual, compliance professionals have an abundance of lessons to learn about internal controls, policies and procedures, and effective compliance programs.  The breakdown is $233 million to the Justice Department for the criminal…

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disclosures

Just in time for the end of second quarter, the Securities and Exchange Commission has published another dollop of guidance about financial disclosures companies should keep in mind as they navigate Covid-19.  The statement came Tuesday from chief accountant Sagar Teotia. It’s the latest in a series of pronouncements SEC officials have made since early…

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cybersecurity

Well this is sobering stuff for internal auditors and SOX compliance professionals: a cybersecurity firm is raising alarms about flaws in the Oracle business software that countless companies use to manage their finances, which lets hackers steal or alter financial data — all undetectable by standard internal controls or GRC technology. Be warned, this is…

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sec

Compliance professionals awoke this weekend to news that two of the country’s most important corporate prosecutors — the Securities and Exchange Commission and the U.S. Attorney for the Southern District of New York — are mired in confusion and uncertainty about who’s going to be in charge.  While you were Netflix and chillin’ on Friday…

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compliance jobs

The Compliance Jobs Report this week has new compliance hires at LEGO, Takeda, AbbVie, Tractor Supply Co., and others. We also have a slew of internal promotions, and one former CCO moving ahead with a False Claims Act case against his old employer. A few job openings too, and our Meme of the Week goes…

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internal audit

The internal audit world is bracing for big change thanks to Covid-19: tighter budgets, more risk assessments, changes to the audit plan, and — like so many others these days — lots of working from home.  So says a special report published by the Institute of Internal Auditors on Monday, based on a survey of…

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