Week in review: 12 – 16 April

Click on the links to read the stories in full.

On Monday, the ICAEW put out interim guidance for all members in anticipation of tough new anti-money laundering requirements as laid out in the Proceeds of Crime Act.

Tuesday it emerged that Harvey Pitt, former chairman of the Securities & Exchange Commission, is setting up a consulting business to help companies meet the requirement of the Sarbanes-Oxley Act, ushered in during his time in charge of the regulator.

Also on the day, a US spammer who allegedly fraudulently raised over $100,000 through nine million emails is facing a lawsuit filed by Pitt’s former employer, the SEC, over unauthorised use of its logo.

On Wednesday Lord Attenborough slammed the government, saying the British film industry will be ‘wrecked’ if it goes ahead with plans to scrap tax relief for film production.

Thursday it was revealed that the combined code on corporate governance is to go through a major rewrite which is likely to see proposals from the controversial Higgs reporton non-executive directors brought in after the original 1 July deadline.

A survey by Accountancy Age survey uncovered that finance directors believe companies should adopt ethical policies even if they come at the expense of profit, according to an exclusive survey.

Friday, Deloitte & Touche revealed that most security attacks on financial services organisations are coming from outside the company – not from employees as widely thought.

Related reading