Articles | Compliance Week – Page 114
-
Article
Audit committee best practices for understanding and acting on cyber-threats
Cyber-security risk oversight is the area with the greatest increase in audit committee disclosures in proxy statements, so you better make sure you’ve got a handle on understanding your responsibilities.
-
Article
California voters approve creation of new state agency to enforce CCPA
California voters approved a ballot measure that will add new layers of responsibility for businesses attempting to comply with the state’s first-in-the-nation data privacy law, the California Consumer Privacy Act.
-
Article
ESMA review slams German authorities’ supervision of Wirecard
A damning report by the EU’s securities markets regulator found numerous shortcomings in German authorities’ supervision of Wirecard’s financial reporting leading up to its collapse surrounding a $2 billion accounting scandal.
-
Article
JPMorgan Chase facing potential fine for internal control deficiencies
A subsidiary of JPMorgan Chase is facing a potential civil penalty “related to historical deficiencies in internal controls and internal audit over certain advisory and other activities.”
-
Article
Discover promotes chief accounting officer
Discover Financial Services announced Shifra Kolsky has been promoted to the role of senior vice president, controller & chief accounting officer. Kolsky replaces Ed McGrogan, who plans to retire at the end of 2020.
-
Article
Whirlpool adds new legal chief
Kitchen and laundry appliance manufacturer Whirlpool Corp. announced Ava Harter will join the company as senior vice president and chief legal officer, effective Dec. 1.
-
Article
Poly appoints chief legal and compliance officer
Poly, a communications device manufacturer, announced the appointment of Lisa Bodensteiner as executive vice president, chief legal and compliance officer.
-
Article
NYU poaches general counsel from Georgia Tech
New York University announced the appointment of Aisha Oliver-Staley as general counsel and secretary. She will join NYU’s leadership team January 2021.
-
Article
Avolon names chief risk officer
International aircraft leasing company Avolon announced the appointment of Paul Geaney as chief risk officer.
-
Article
8x8 tabs chief accounting officer
Integrated cloud communications platform 8x8 announced the appointment of Germaine Cota as chief accounting officer.
-
Article
FY record already in sight as SEC issues $28M whistleblower award
A $28 million whistleblower award announced Tuesday is the latest in an unprecedented stretch that has the SEC within reach of surpassing the record award total set in fiscal year 2020 just five weeks into FY2021.
-
Article
Citigroup chief risk officer to depart amid risk management overhaul
The chief risk officer at Citigroup is set to depart from his role in the wake of a $400 million enforcement action that ordered the firm to overhaul its risk management and compliance programs.
-
Article
California accounting board fines KPMG $1.3M for cheating scandal
California and its Board of Accountancy has fined audit firm KPMG $1.3 million after elements of its inspection and internal exam cheating scandals were run through the state.
-
Article
Emerging state board diversity laws encourage proactive approach
As more states enact statutes that directly address diversity in the boardroom, corporate boards that have not already done so would be wise to begin strategizing their diversity efforts now.
-
Article
Working together to stop money laundering: A conversation with Marcus Pleyer
Dr. Marcus Pleyer, president of the Financial Action Task Force, emphasized his commitment to stopping money laundering in a wide-ranging and forward-looking discussion at the ICA’s BIG Compliance Festival.
-
Article
New bank resiliency guidance tackles cyber-risk, pandemic planning
Federal banking regulators have released new operational resiliency guidance aimed to strengthen risk management around technology-based failures, cyber-incidents, pandemic outbreaks, natural disasters, and more.
-
Article
Manchester Arena tragedy offers stark lesson in training importance
As the public inquiry into the Manchester Arena bombing of 2017 plays out in the United Kingdom, lessons can be gleaned on the importance of providing thorough and complete training to employees in all fields.
-
Article
CCO Philippe Vollot has a plan for Danske’s compliance reboot
Danske Bank CCO Philippe Vollot knows his journey to build a robust compliance program and culture at the troubled lender is far from over.
-
Article
In second drastic reduction, ICO fines Marriott $23.8M
The Marriott GDPR fine handed down by the U.K. Information Commissioner’s Office is less than 20 percent of the original number the regulator proposed, the second time this month such a drastic reduction has taken place.
-
Article
Airline Services Ltd to pay $3.9M, agrees to DPA in bribery case
The U.K.’s Serious Fraud Office has levied penalties worth nearly £3 million (U.S. $3.9 million) against defunct aircraft refurbishing company Airline Services Limited for violating the country’s anti-bribery laws.