Articles | Compliance Week – Page 48
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Constellis names chief legal and compliance officer
Constellis, a provider of risk management support for government and commercial customers, announced Melissa Taylormoore has been promoted to chief legal and compliance officer.
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Eos Energy adds chief accounting officer
Eos Energy Enterprises, a provider of sustainable zinc-based energy storage systems, announced John Tedone has been appointed chief accounting officer.
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Freddie Mac appoints general counsel
The Federal Home Loan Mortgage Corp. has appointed Heidi Mason as executive vice president and general counsel.
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Why high-growth companies should prioritize data privacy
A group of experts at CW’s virtual Cyber Risk & Data Privacy Summit explained how complying with data privacy regulations from Day 1 can provide high-growth companies with certain competitive advantages.
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Best practices to achieve a continuous assurance cybersecurity model
A panel of cybersecurity experts shared tips for achieving continuous assurance and getting necessary buy-in at CW’s virtual Cyber Risk & Data Privacy Summit.
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Ericsson admits ‘corruption-related misconduct’ in Iraq; may have paid ISIS
Ericsson announced an internal investigation uncovered evidence of “corruption-related misconduct” that occurred in the Swedish telecommunications company’s Iraq operations between 2011 and 2019.
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DOJ Fraud Section 2021 review: FCPA resolutions down
The Department of Justice entered into eight corporate resolutions in all of 2021, a decrease from 13 the previous year, according to the Fraud Section’s annual report. Three resolutions included violations of the Foreign Corrupt Practices Act.
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Company cybersecurity certifications: Business case and where to start
Rachael Pashkevich Koontz, senior corporate counsel of cybersecurity compliance at T-Mobile, shared her opinions on cybersecurity certifications and determining the right fit for certain organizations at CW’s virtual Cyber Risk & Data Privacy Summit.
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BlockFi ruling leaves big crypto question unresolved
The SEC’s determination regarding BlockFi’s crypto lending product is a landmark resolution, yet the ruling does little to settle the larger question still looming: Are cryptocurrencies securities or currencies?
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Transparency key to navigating modern employee monitoring risk landscape
The opening session of Compliance Week’s virtual Cyber Risk & Data Privacy Summit addressed the challenges of using technology to monitor employees while considering regulatory and ethical risks.
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SEC, states fine BlockFi $100M; crypto lending product declared a security
BlockFi Lending agreed to pay $100 million in penalties as part of a first-of-its-kind case in which the Securities and Exchange Commission declared a type of cryptocurrency lending product should be registered as a security.
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FINRA sanctions compliance officer for AML failures
The Financial Industry Regulatory Authority has ordered a compliance officer to pay $25,000 for failing to establish and implement a “reasonably designed” anti-money laundering compliance program at the brokerage firm where he worked.
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ESG reporting: A summary of investor needs and wants
An investor-focused panel at a recent event shared views on investors’ perspectives about current and future use of ESG metrics and disclosures and where common ground can be found between the providers and users of the information.
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Prudential reshuffles C-suite; names new chief risk and compliance officer
British multinational insurance company Prudential announced Avnish Kalra will become chief risk and compliance officer in March as part of a series of executive-level changes in line with the expected retirement of CEO Mike Wells.
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Biocept adds chief compliance officer
Biocept, a provider of molecular diagnostic assays, products, and services, announced the appointment of Darrell Taylor as senior vice president, general counsel and chief compliance officer.
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Attorney general turns up heat on SFO with probe into Unaoil lapses
The U.K. attorney general is carrying out a review into why—and how—the Serious Fraud Office managed to botch a bribery investigation into Unaoil that saw one of the oil and gas consultancy’s former executives have his conviction overturned.
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SEC proposal seeks to undo Trump-era whistleblower changes
The Securities and Exchange Commission will seek to undo several changes to the agency’s whistleblower program enacted during the Trump administration to potentially limit large awards.
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FINRA 2022 exam report highlights Reg BI compliance, AML trends, more
The Financial Industry Regulatory Authority’s annual report on examinations and risk monitoring contains insights on issues the organization uncovered regarding broker-dealers’ compliance with Regulation Best Interest during the rule’s first full year in existence.
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Making the transition to net zero in the United Kingdom
As the United Kingdom aims to become “the world’s first net zero-aligned financial center,” financial institutions are being required to have “a robust firm-level transition plan setting out how they will decarbonize.” Where should they start?
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Three lingering questions to arise from KPMG tribunal over Carillion, Regenersis
Details to emerge from the disciplinary tribunal regarding KPMG’s conduct during its work at Carillion and Regenersis could have ramifications for the Big Four firm, the audit profession more widely, and potential future regulation and monitoring.