Articles | Compliance Week – Page 44
-
Article
Nomination deadline closed for 2022 ‘Excellence in Compliance Awards’
The nomination deadline for CW’s third annual “Excellence in Compliance Awards” closed March 15. Winners will be announced in May.
-
Article
Learning points from HSBC’s fine for AML failings
Significant investment in systems has not been fully effective in mitigating financial crime risk. A fine of nearly £64 million (then-U.S. $84 million) imposed on HSBC by the U.K. Financial Conduct Authority in December is a particularly potent example.
-
Article
Deutsche Bank monitorship extended after breach of DPA
Deutsche Bank disclosed the Department of Justice determined it breached its obligations under a 2021 deferred prosecution agreement. As a result, the term of an independent compliance monitor at the bank has been extended until February 2023.
-
Article
Huntington Ingalls adds sustainability to CCO’s title
Huntington Ingalls Industries, a global engineering and defense technologies provider, appointed Paul Harris as executive vice president and chief sustainability and compliance officer. Harris has served as HII’s chief compliance officer since 2020.
-
Article
Hashdex names global head of legal and compliance
Hashdex, a crypto-focused asset management firm announced the appointment of Nicole Dyskant as global head of legal and compliance.
-
Article
Marsh McLennan appoints general counsel
Professional services firm Marsh McLennan announced the appointment of Katherine Brennan as senior vice president and general counsel.
-
Article
SEC notifies five Chinese companies of HFCAA noncompliance
The Securities and Exchange Commission has notified five China-based public companies they could be delisted from U.S. stock exchanges if they do not allow their audits to be inspected by the Public Company Accounting Oversight Board.
-
Article
SEC to discuss climate-related disclosure rule on March 21
The Securities and Exchange Commission will discuss its anticipated new rule ordering public companies to issue climate-related disclosures at its open meeting March 21.
-
Article
Growing list of companies halting Russian operations
As the Russia-Ukraine crisis unfolds, companies around the world have announced changes to their supply chains to reduce their footprint in Russia. Compliance Week looks at how businesses across multiple industries are responding.
-
Article
iCreditWorks hires chief compliance officer
iCreditWorks, a U.S.-based fintech platform, announced Rajiv Varshney has been appointed chief compliance officer and will join the executive team.
-
Article
Lincoln Financial adds chief accounting officer
Lincoln Financial Group announced Adam Cohen has been named chief accounting officer.
-
Article
BM Technologies appoints chief accounting officer
BM Technologies, a digital banking platform, announced Jim Dullinger has been hired as chief accounting officer.
-
Article
First Business Bank names chief risk officer
First Business Bank named Laura Garcia chief risk officer. She joins the company after working most recently for Bank of Montreal.
-
Article
Clearview AI fined $22M in Italy over unlawful data collection
Facial image aggregator Clearview AI was fined €20 million (U.S. $22 million) for unlawfully processing the biometric and geolocation data of Italian citizens in violation of privacy laws including the General Data Protection Regulation.
-
Article
Goldman Sachs first major U.S. bank to exit Russia
Goldman Sachs announced the winding down of its business in Russia, becoming the first major U.S. bank to take such action in the wake of the invasion of Ukraine. JPMorgan Chase later announced similar plans to exit the country.
-
Article
SEC proposes companies report cybersecurity incidents within four days
Public companies would have to report material cybersecurity incidents no later than four business days after they occur if a rule proposed by the Securities and Exchange Commission takes effect.
-
Article
Biden executive order seeks to study crypto, evaluate Fed-backed digital currency
President Joe Biden has ordered federal regulators to study the risks and potential benefits of digital assets and their underlying technology while encouraging the Federal Reserve to continue evaluating the creation of a federally backed digital currency.
-
Article
Top 10 reasons to attend Compliance Week 2022
A keynote with two SEC commissioners; interactive sessions on global sanctions, ESG, and ethical leadership; and a new conference location and format highlight Dave Lefort’s list of reasons to be excited for CW’s first in-person event in nearly three years.
-
Article
MTS compliance monitorship extended one year
The Department of Justice and Mobile TeleSystems jointly agreed to voluntarily extend for one year the term of the Russian telecommunications company’s independent compliance monitorship in accordance with a 2019 deferred prosecution agreement.
-
Article
Amazon transport arm GDPR fine imparts lesson on criminal record checks
Amazon Road Transport was fined €2 million (U.S. $2.2 million) for trying to carry out criminal record checks on freelance truck drivers it wanted to hire without Spanish law to back up the practice.