Articles | Compliance Week – Page 202
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U.K. tax havens promise greater transparency on company ownership
Starting in 2021, Guernsey, Jersey, and the Isle of Man will make records of company ownership public, which should please members of parliament who have argued that not doing so has made them vulnerable to financial crime.
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Nordea raided over ML probe in Denmark
Scandinavian banking giant Nordea revealed its Copenhagen office was raided by Danish police as part of an ongoing investigation into alleged money laundering.
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Senate approves Lee nomination to SEC
The Senate has approved President Trump’s nomination of Allison Herren Lee, a former aide to Kara Stein, to a seat on the Securities and Exchange Commission.
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Poll shows gaps in integrated risk management
Many organizations’ enterprise risk management capabilities aren’t as integrated as they need to be, leaving them vulnerable to legal, financial, regulatory, and reputational risks, according to a new GRC benchmark report.
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Walmart agrees to $282.7M FCPA resolution
Walmart has agreed to pay a combined total of $282.7 million to resolve a more than seven-year investigation resulting from violations of the Foreign Corrupt Practices Act.
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NVIDIA names chief accounting officer
U.S. technology company NVIDIA has named Donald Robertson as vice president and chief accounting officer.
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CNO Financial names chief risk officer
CNO Financial Group has named Tim Bischof as chief risk officer, effective immediately.
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Riskonnect updates ClearSight platform
Riskonnect announced the latest version of its integrated risk management platform, Riskonnect ClearSight 19.0.
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Maritime Anti-Corruption Network to develop ‘Global Port Integrity Index’
The Maritime Anti-Corruption Network has announced a new partnership with the Ministry of Foreign Affairs of Denmark to launch the first-ever “Global Port Integrity Index” and to scale up its collective action activities in West Africa.
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Menlo Therapeutics names chief compliance officer
Biopharmaceutical company Menlo Therapeutics has appointed Ronald Krasnow as general counsel and chief compliance officer.
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KPMG fallout: Cheating allegations raise new questions
After new allegations at KPMG of cheating on internal training tests, audit committees now have another area of questioning for their external auditors.
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Pols target medical billing company at center of data breach
Senators are seeking answers from American Medical Collection Agency, the third-party billing agency at the center of a recent data breach that compromised the personal, financial, and medical information of 20 million patients.
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FTC warns of false compliance with EU-U.S. Privacy Shield
The Federal Trade Commission is warning over a dozen companies in the form of letters not to falsely claim participation in the EU-U.S. Privacy Shield program.
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Warner, Rubio urge no retreat from Huawei pressures
A bipartisan duo of senators has expressed concern that the White House might go easy on Huawei to achieve a favorable outcome on trade negotiations.
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Three reasons why you should save the date for CW2020
One of the most common pieces of feedback we heard from first-time attendees of the recently completed 14th national Compliance Week conference in Washington D.C. was that they wished they had discovered our three-day GRC-palooza sooner. Editor in Chief Dave Lefort explains why.
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Despite critics, Facebook plunges into virtual currency
Amid growing antitrust scrutiny and data privacy complaints, Facebook is nevertheless expanding into the cryptocurrency space.
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Sycamore Partners names chief compliance officer
Private equity firm Sycamore Partners has named Carla Vogel as chief compliance officer.
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SEC overturns PCAOB action stemming from financial crisis
The SEC has canceled sanctions imposed by the PCAOB on a now-retired KPMG auditor connected with a mortgage lender failure at the height of the financial crisis.
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Wedbush to pay more than $8.1M for improper handling of ADRs
Wedbush Securities will pay more than $8.1 million to settle charges for the improper handling of “pre-released” American Depositary Receipts.
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Compliance.ai upgrades RCM solution
Compliance.ai announced the availability of new features to its Modern Regulatory Change Management solution.