Articles | Compliance Week – Page 30
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ArticleSephora fined $1.2M in first public CCPA enforcement
Cosmetics retailer Sephora agreed to pay $1.2 million in the first public enforcement action under California’s landmark consumer privacy law.
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ArticleLawsuit: HSBC Bank exec alleges discrimination, unauthorized WhatsApp use
Monique Thacker, a current HSBC Bank USA executive, claimed in a federal lawsuit she was discriminated and retaliated against for raising regulatory violations involving unauthorized communications by bank employees that were downplayed or ignored by management.
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ArticleTether prepared to defy controversial U.S. sanctions on Tornado Cash
Cryptocurrency platform Tether is set to defy U.S. sanctions by holding firm on its refusal to freeze relevant Tornado Cash addresses until receiving further instruction from law enforcement agencies.
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McAfee promotes CCO to chief legal, compliance officer
McAfee promoted Chief Compliance Officer Sarah Decker to senior vice president, chief legal and compliance officer.
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ArticleLawsuit: Lax Coinbase cybersecurity led to theft of customers’ crypto
Coinbase is the subject of a class-action lawsuit alleging cybersecurity failures at the cryptocurrency exchange are to blame for customer accounts losing thousands of dollars in crypto, with the company not doing enough to prevent further thefts.
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ArticleEssilor agrees to $22M settlement over kickback charges
Essilor, a manufacturer and distributor of optical lenses and equipment, will pay $22 million to settle allegations it paid kickbacks to spur sales in violation of the False Claims Act.
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Vistra adds chief strategy and sustainability officer
Texas-based power generation and electricity company Vistra announced the appointment of Stacey Doré as chief strategy and sustainability officer.
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Virtru names general counsel in charge of compliance
Data and cybersecurity company Virtru announced the appointment of Mishi Choudhary as senior vice president and general counsel.
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Sound Point appoints chief compliance officer
Asset management firm Sound Point Capital Management announced the appointment of Andrea Sayago as chief compliance officer and associate general counsel.
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ArticleBig bank messaging app crackdown exposes policy holes, monitoring struggles
U.S. regulators have signaled through an impending widespread enforcement sweep they are zeroing in on banker use of messaging apps to discuss business matters. The cases emphasize the need for financial services firms to enhance their monitoring and recordkeeping.
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ArticleTwitter whistleblower says poor cybersecurity invites breaches, manipulation
Peiter Zatko, a former cybersecurity executive at Twitter, has blown the whistle on his observations of systemic data security lapses at the company, undercounting of fake accounts, and how the social media platform could be manipulated by foreign intelligence services.
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Chemours promotes strategic planning VP to general counsel
Chemistry company Chemours announced the promotion of Vice President of Strategic Planning Kristine Wellman to senior vice president, general counsel and corporate secretary, effective Oct. 1.
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ArticleSnap agrees to $35M settlement in Illinois biometric data lawsuit
Social media company Snap reached a $35 million settlement in principle to resolve an Illinois class-action lawsuit alleging violations of the state’s Biometric Information Privacy Act through the collection of “facial biometric identifiers” without users’ consent.
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Rockland Trust appoints chief risk officer
Rockland Trust and its parent company Independent Bank Corp. announced the appointment of Dawn Mugford as chief risk officer.
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ArticleThe art and skill of delivering bad news
Amii Barnard-Bahn shares her six-step process to help increase receptiveness when communicating bad news and reduce the likelihood of backlash toward the message being delivered.
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ArticleCalif. health system, healthcare providers to pay $70.7M over false claims
Gold Coast Health Plan and three California county healthcare service providers will pay a total of $70.7 million to settle allegations they violated the False Claims Act regarding California’s Medicaid program, Medi-Cal.
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CIFC Asset Management appoints chief compliance officer
CIFC Asset Management, an alternative credit specialist, announced the appointment of Lily Wicker as managing director, chief compliance officer and associate general counsel.
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Mallinckrodt promotes VPs of compliance and legal to executive level
Mallinckrodt, a global pharmaceutical company, announced the promotions of its senior compliance and legal vice presidents to the executive level.
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Georgia Tech names general counsel, VP of ethics, compliance
Georgia Institute of Technology announced the appointment of Danette Joslyn-Gaul as general counsel and vice president for ethics, compliance, and legal Affairs, effective Sept. 19.
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Newmont promotes strategic development VP to chief sustainability officer
Newmont Corp., a gold mining company, announced the promotion of Peter Toth to chief strategy and sustainability officer.