Articles | Compliance Week – Page 189
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OFAC amends Cuban Assets Control Regulations
The Treasury Department’s Office of Foreign Assets Control announced amendments to the Cuban Assets Control Regulations to further implement President Trump’s June 2017 National Security Presidential Memorandum.
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Odebrecht to make $50M in charitable contributions under settlement
Brazil-based construction and engineering company Odebrecht has committed to make $50 million in total charitable contributions as part of a settlement reached to resolve allegations of bribery.
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Prometheum acquires InteliClear technology
Prometheum, a blockchain-based financial platform for creating and publicly trading cryptosecurities, has announced the acquisition of a version of InteliClear’s post-trade solution technology.
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CFPB: First enforcement brought under international money transfer rule
The CFPB has brought its first enforcement action for violations of a rule that took effect in 2013 designed to protect consumers who electronically transfer money from the United States to other countries.
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Nasdaq has a new chief legal officer
Nasdaq has named John Zecca as executive vice president and chief legal officer, responsible for managing Nasdaq’s regulatory oversight, legal counsel, and compliance across the company’s global businesses.
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Mezu appoints its first chief compliance and risk officer
Mezu, a mobile payments app provider, has promoted Luis Trujillo to the newly created role of chief compliance and risk officer. He will report directly to Mezu’s board of directors.
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Paysafe appoints chief risk officer
Paysafe Group, a global payments provider, has named Richard Swales as chief risk officer, effective Oct. 14.
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ArticleHow industries are responding to the escalating U.S.-China trade war
While the escalating tit-for-tat trade war and increasing tariff rate hikes between the U.S. and China cannot be controlled, proactive companies are learning to swing with the punches—from diversifying their supply chains to shifting their production lines elsewhere.
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Facebook faces multistate investigation for possible antitrust violations
The New York Attorney General’s office is leading a multistate investigation into social media giant Facebook for potential antitrust issues.
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ArticleEuropean Commission still gunning for Big Tech
Coming on the heels of big enforcement actions against Google, Apple, Facebook, and Amazon, the European Commission is vowing to keep fighting against technology giants profiting at others’ expense.
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ArticleGovernment watchdog group targets PCAOB performance
The PCAOB is taking heat from a government watchdog group, which says the audit regulator is “doing a feeble job” protecting investors.
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ArticleMallinckrodt to pay $15.4M over kickback allegations
Pharmaceutical company Mallinckrodt is set to pay $15.4 million to the Justice Department to resolve allegations of illegal kickbacks to doctors in the form of lavish dinners and entertainment.
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ArticleOptions Clearing Corp. fined $20M over risk policies
Options Clearing Corp. will pay a combined $20 million in penalties to the SEC and CFTC to settle charges that it failed to implement certain risk management policies as required by U.S. laws and regulator rules.
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Compliance lessons from the Google/Uber trade secrets mess
A federal grand jury’s indictment of Anthony Scott Levandowski for allegedly stealing trade secrets from Google may be a wake-up call to protect intellectual property more aggressively.
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ArticleMigration to new SOX technology picks up pace, report says
Amid persistent cost and compliance challenges with internal controls, the pace of migration toward new accounting technologies appears to be picking up.
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Trustwave launches cyber-security platform
Trustwave announced the launch of Trustwave Fusion, a cloud-based cyber-security platform that serves as the foundation for the company’s managed security services, products, and other cyber-security offerings.
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NICE Actimize expands analytics service
NICE Actimize announced the expansion of ActimizeWatch, its secure cloud-based managed analytics service, to its financial market compliance solutions.
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Gemini adds chief compliance officer
Cryptocurrency exchange Gemini Trust Company announced Noah Perlman has joined as its new chief compliance officer.
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ArticleCompliance key to Walmart’s revised stance on firearms
Walmart is planning to offer to the rest of the retail industry a chance to peer at its compliance controls as part of its efforts to address firearm safety following two recent shootings in its stores.
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Kadmon appoints general counsel, chief compliance officer
Kadmon Holdings announced the appointment of Gregory Moss as executive vice president, general counsel, and corporate secretary. Moss will also serve as chief compliance officer.