The deadline for Foreign Bank Account Reporting is June 30. The Report of Foreign Bank and Financial Account is IRS TD F 90-22.1 (.pdf). Any United States person who has a financial interest in or signature authority, or other authority over any financial account in a foreign country, if the aggregate value of these accounts … Read more »
Cloud Computing and Compliance
Compliance Week editor Matt Kelly and I talked about “cloud computing” and how such IT systems can affect compliance. Listen to the conversation. (Time: 8.5 min.; file size: 7.7 Mb) Let’s try to define cloud computing a little better. It really encompasses a broad swath of services that can be put into three main groups. … Read more »
Twitter and Compliance
I was struck recently by the power and misconceptions around Twitter, the current press darling of Web 2.0. On one side is the enormous power of Twitter to crowdsource the news. The fallout of the Iran elections was better covered on Twitter than the mainstream media. At one point I watched CNN only to see … Read more »
Compliance for Enterprise 2.0 at Lockheed Martin
Andrew McAfee, Associate Professor at Harvard Business School lead a discussion with Christopher Keohane, Social Media Program Product Manager at Lockheed Martin IS&GS – CIO – Architecture Services and Shawn Dahlen, Social Media Program Manager, Lockheed Martin IS&GS CIO Office to talk about their Unity enterprise 2.0 platform at Lockheed Martin. The Lockheed Martin guys … Read more »
Enterprise 2.0 Keynotes on Tuesday
After Monday night’s Evening in the Cloud (That is me in the middle of the picture during the Evening in the Cloud), Tuesday turned to social media and collaboration in the keynote presentations on the big stage. It was a mixed bag of presentations. There were glimpses of how organizations can use enterprise 2.0 and … Read more »
Evening in the Cloud and Compliance
The The Evening in the Cloud session at the Enterprise 2.0 Conference was fun. David Berlind Editor-At-Large and General Manager of TechWeb was the moderator. I sat in the customer role beside Christopher Reichert of the MIT Sloan CIO Symposium. Sean Poulley VP Online Collaboration Services of IBM, Rajen Sheth Senior Product Manager of Google … Read more »
Compliance and Cloud Computing at Enterprise 2.0
Monday night, I am heading over to the The Evening in the Cloud program at this year’s Enterprise 2.0 Conference. They asked me to help grill the vendors on compliance issue More software and business operations are being pushed into the cloud. Why buy the hardware and software when someone else will run them for … Read more »
Stanford Arrested
We saw it coming. It was like OJ in the Bronco. Last night, Sir R. Allen Stanford stepped out of his girlfriend’s house in Virginia, walked over the the FBI car parked out front and asked if they had an arrest warrant. They did. The grand jury had released its indictment. The surprise was who … Read more »
More on the Private Fund Transparency Act of 2009
The full text of the Private Fund Transparency Act of 2009 has now been published (S. 1276). The press release from Senator Reed was nice, but I prefer to see the ink on the paper. So here is what I see n the Act: Registration The Act deletes the exemption from registration in Section 203 … Read more »
Corporate Compliance Scam Continues. . .
. . But some of the perpetrators may have been caught. California California businesses have recent reports. The scam seems to have been operating in California for years. Colorado There are reports of the scam in Colorado: State Corporate Compliance fraud. The Secretary of State is also getting complaints about the Colorado Compliance Recorder: Updated … Read more »