Articles | Compliance Week – Page 141
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Coronavirus heightens focus on children’s online privacy compliance
With increased use of remote learning putting children’s online privacy in the spotlight, regulators are stepping up their oversight and responding accordingly.
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Two years in, GDPR defined by mixed signals, unbalanced enforcement
It’s been two years since the EU’s GDPR went into effect, and we still don’t know how lingering questions about compliance—as well as non-compliance—will be answered going forward.
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SFO closes bribery investigation into ABB
The U.K. Serious Fraud Office closed its bribery investigation into power and automation technology provider ABB after concluding the case “did not meet the relevant test for prosecution.”
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Ares Management to pay $1M for compliance failures
Ares Management will pay a $1 million civil penalty to resolve charges by the SEC that it failed to implement and enforce policies and procedures reasonably designed to prevent the misuse of material nonpublic information.
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FRC probes KPMG, PwC over audits of Eddie Stobart Logistics
The U.K. Financial Reporting Council has launched investigations into Big Four firms KPMG and PwC concerning the audits of U.K. logistics company Eddie Stobart Logistics.
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Why a ‘don’t put that into writing’ request should raise a red flag
The next time someone tells you not to take notes during a meeting, think about why they’re making that request. It’s almost never a good idea to agree to it, writes financial crime expert Martin Woods.
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Special report: Leadership in a time of unpredictable change
Executive coach Amii Barnard-Bahn reveals five tips for instilling compliance and ethics throughout the organization in times of uncertainty.
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Five ways to protect yourself from coronavirus cyber-attacks
Cyber-criminals are making attempts to test the cyber-security of those working from home during the coronavirus pandemic. Here are ways to help defend yourself and your business from these potential threats.
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ICA to host BIG Compliance Festival 2020 online
The International Compliance Association is organizing “The BIG Compliance Festival” to be an online event for regulatory and financial crime compliance professionals in 2020.
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Analysis: How to handle the heat of boiler room fraud
Financial crime expert Martin Woods explains how compliance professionals can do their part in rooting out boiler room/investment frauds, citing a recent story from a call center in Kiev.
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Boeing appoints chief compliance officer
Aerospace giant Boeing recently appointed Uma Amuluru as vice president and chief compliance officer following the combining of its compliance and legal functions.
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Libra adds former FinCEN head as general counsel
Fledgling digital currency group the Libra Association announced the appointment of former FinCEN and OFAC Director Robert Werner as general counsel.
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Green Dot adds chief risk officer
Green Dot Corp., a FinTech and bank holding firm, announced the appointment of Philip Lerma as senior vice president and chief risk officer.
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Lucid Motors hires former Tesla general counsel
Electric car company Lucid Motors announced the appointment of Jonathan Butler as vice president, general counsel. Butler previously spent eight years with Tesla as deputy general counsel.
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FirstEnergy announces general counsel succession
Electric services company FirstEnergy Corp. recently announced a series of management changes, including the appointment of Ebony Yeboah-Amankwah to serve as vice president, general counsel and chief ethics officer.
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Facebook pays $6.8M to settle Canadian privacy violations
Facebook will pay $6.8 million in fines and penalties to settle claims it shared private information regarding 24 million Canadian customers with third parties over six years, despite promising users it was not doing so.
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Six things CCOs need to know about ICO’s AI guidance
The U.K. Information Commissioner’s Office released guidance to help organizations explain how AI is used in decision making and how the technology uses personal data to form judgments.
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CAQ: Virtual work, ICFR among coronavirus audit issues
The Center for Audit Quality advisory board member firms met with CAQ Executive Director Julie Bell Lindsay to discuss concerns relating to the coronavirus pandemic.
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CW2020 wrap-up: Tips for CCOs on leading in a crisis
The themes of honesty and integrity defined the leadership best practices shared by more than 40 speakers across 15 sessions at Compliance Week’s first-ever Virtual Conference.
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Analysis: Opportunity knocking for coronavirus criminals
Financial crime expert Martin Woods explores how bad actors use crises like the coronavirus pandemic to exploit fear, perceived weaknesses, and obvious vulnerabilities and further their criminal enterprise.