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New edition of the International Valuation Standards (IVS) published

IVSC

Regularly updated by the IVSC’s standards boards, the latest edition of IVS, published on 31 January 2024, is now available for download through IVS Online. Documentation Updated requirements for comprehensive record-keeping in line with national standards and regulations. IVS 100 Valuation Framework para 40.04 to para 40.05

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What Meta’s Oversight Board Tells Us About the Prospects for Self-Regulatory Dispute Settlement

Reynolds Holding

This body of independent experts, established in late 2020, determines whether content submitted for its review violates the social media company’s Community Standards, Values, and international human rights law. Third, the board applies both internal company and international human rights law, giving primacy to the latter.

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Skadden Discusses Approach of SEC Enforcement Division to Compliance Officer Liability

Reynolds Holding

Affirmative Misconduct Unrelated to Compliance Duties Grewal said the Enforcement Division will recommend charges against compliance officers who violate the securities laws in ways that are unrelated to their compliance responsibilities. Periodically review compliance policies and procedures, and educate internal staff regarding them.

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Can We Destroy the Paper Records for Our ERISA Plans and Retain Our Records in Electronic Form?

ThomsonReuters

Based on the shrinking storage space in your HR department, you probably already know that your company, as plan sponsor or as ERISA plan administrator, must maintain numerous records to comply with ERISA, the Code, and other laws. Also, privacy and confidentiality concerns may require particular destruction methods.

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Davis Polk Discusses New DOJ Clawback, Messaging, and Monitorship Guidance

Reynolds Holding

The guidance was announced by the Deputy Attorney General (DAG) Lisa Monaco at the ABA’s 38th Annual National Institute on White Collar Crime. Criminal Division Assistant Attorney General (AAG) Kenneth Polite provided greater detail in his keynote address at the same conference.

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Skadden Discusses First OFAC and FinCEN Parallel Enforcement Actions on Virtual Currency

Reynolds Holding

AML and sanctions laws. Bittrex relied on a small number of employees with little AML training to manually review thousands of transactions for suspicious activity. Companies should review their SAR reporting procedures and ensure that suspicious activity is being properly identified and reported.

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SEC Chair Gensler Speaks About the Financial Risks of Artificial Intelligence

Reynolds Holding

When Newton pondered the laws of gravity, he thought of the micro, the apple, and the macro, the cosmos. 19] Make no mistake, though, under the securities laws, fraud is fraud. Given that today’s AI relies on an insatiable demand for data and computational power, there can be economies of scale and data network effects at play.