Articles | Compliance Week – Page 193
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ArticleSEC ends accounting probe into PPG
PPG announced the SEC and Department of Justice have ended their investigation into alleged accounting irregularities by the company and will not be issuing a financial or any other penalty.
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ArticleFCA fines Prudential $26.4M in misselling scandal
The U.K. Financial Conduct Authority has hit Prudential with a £23.8 million (U.S. $26.4 million) fine for misleading 17,000 customers into accepting a deal with the insurance firm when they might have done better on the open market.
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ArticleProposed bill targets FASB rulemaking procedures
Rep. Blaine Luetkemeyer (R-Mo.) on Friday introduced a bill that would subject the Financial Accounting Standards Board to the rulemaking guidelines of federal financial regulators.
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ArticleHerbalife fined $20M for misleading investors
Herbalife will pay $20 million to settle charges with the SEC that it made false and misleading statements about its China compensation model.
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ArticleMylan finalizes $30M EpiPen settlement with SEC
Mylan has finalized a previously disclosed $30 million settlement with the SEC for alleged accounting and disclosure failures surrounding its popular EpiPen.
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HITRUST enhances compliance assessment platform
HITRUST, a data protection standards development and certification organization, announced a significant new release of its information risk and compliance assessment SaaS platform, MyCSF.
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Integrated Compliance Solutions to acquire Sterling Compliance
Integrated Compliance Solutions announced it has signed a definitive agreement to acquire all the outstanding shares of Sterling Compliance.
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AffirmXCU acquires ComplySight
AffirmXCU, a CUSO of Credit Union Resources, announced the acquisition of compliance application ComplySight.
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Evident enhances identity verification platform
Evident ID announced it has launched a new product, Verified Data Request, to help businesses demonstrate compliance with the “right to access” requirements outlined in the GDPR and CCPA.
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360factors launches Insight360
GRC solutions firm 360factors announced the launch of Insight360, a new offering designed to provide insights into identifying and predicting risks.
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K2 Intelligence, Financial Integrity Network merge
K2 Intelligence announced it has signed a definitive agreement to acquire Washington D.C.-based advisory firm Financial Integrity Network (FIN).
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FICO upgrades fraud detection software
FICO announced its upgraded Falcon X fraud detection software in addition to the launch of its Financial Crimes Studio.
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MVB Financial Corp acquires Chartwell Compliance
MVB Financial Corp., the holding company for MVB Bank., announced the acquisition of Chartwell Compliance as a wholly owned subsidiary of MVB Bank.
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ArticleDoorDash data mishap showcases hazards of third-party vendors
DoorDash announced an incident of unauthorized third-party access to user data—a reminder companies need to mind the cyber-security of vendors in addition to their own.
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ArticleShareholder lawsuit alleges massive fraud at AT&T
A lawsuit filed on behalf of shareholders against AT&T and its executives and directors alleges widespread fraudulent sales and customer-manipulation tactics regarding the company’s DirecTV Now offering.
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DOJ launches new process for filing documents under FARA
The Department of Justice recently announced a new online system for filing, storing, and searching registrations under the Foreign Agents Registration Act.
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Zurich appoints group chief risk officer
Zurich Insurance Group has named Peter Giger as group chief risk officer, effective Oct. 1.
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Northwestern Mutual appoints chief compliance officer
Northwestern Mutual recently announced it has made several changes to the company’s senior leadership team, including the appointment of a new chief legal and compliance officer.
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ArticleEuropean Commission fines companies $34.5M in cartel case
The European Commission has fined Dutch food-processing company Coroos and French agricultural cooperative Groupe Cecab a total of €31.6 million (U.S. $34.5 million) for engaging in a cartel scheme that spanned more than a decade.
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Virtua Capital Management names chief compliance officer
Virtua Capital Management, the capital formation arm of global private-equity real-estate investment manager Virtua Partners, has appointed Curtis Christensen as chief compliance officer.