Articles | Compliance Week – Page 72
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Marsh McLennan promotes chief compliance officer
Professional services firm Marsh McLennan has promoted Denise Sanchez to the position of chief compliance officer.
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British Arab Commercial Bank appoints new head of compliance
British Arab Commercial Bank announced the appointment of Ramita Dhillon as head of compliance.
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Bittrex Global names chief compliance and risk officer
Digital asset exchange Bittrex Global GmbH named Michael Schröder as chief compliance and risk officer.
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ArticleWhy compliance must play part in sustainability initiatives
A recent poll of International Compliance Association members revealed a perhaps surprising appetite within the profession for seizing expanding sustainability responsibilities.
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ArticleNeed to know: Elizabeth Holmes’s Theranos trial set to begin
Elizabeth Holmes’s legacy is on the line, as the long-awaited trial of the disgraced founder and CEO of blood-testing company Theranos begins Wednesday.
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ArticleSEC fines telecom Pareteum $500K for overstating revenue
New York City-based telecom Pareteum Corp. will pay $500,000 to settle SEC charges it committed fraud by overstating its revenue by approximately $42 million over six quarters and providing false information to auditors.
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ArticleKraft Heinz fined $62M in SEC accounting probe
Kraft Heinz agreed to pay $62 million as part of a settlement with the SEC for improper accounting that led to the restatement of several years of financial reporting.
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Pinterest chief accounting officer to depart
Social media company Pinterest announced the impending departure of Chief Accounting Officer Lily Yang, effective Oct. 29.
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ArticleMcDonald’s promotes U.S. general counsel
Fast food chain McDonald’s has promoted veteran attorney Angie Steele to the role of U.S. general counsel.
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ArticleStudy: Auditor assurance over ESG reporting still in early stages
Despite an increase in ESG disclosures that is expected to continue, a significantly low number of public companies have obtained audit firm assurance regarding that reporting, according to a new study.
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ArticleIreland shakes up GDPR enforcement with $267M fine against WhatsApp
Ireland’s Data Protection Commission announced a record-breaking €225 million (U.S. $267 million) fine against WhatsApp that is equally significant for the compliance lessons it imparts and inconsistency of the GDPR it exposes.
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ArticleHedge fund manager/CCO sentenced 4 years for ‘Ponzi-like’ scheme
Jason Rhodes, the co-founder and chief risk and compliance officer of a Connecticut-based investment fund, was sentenced to 48 months in prison and ordered to pay more than $25 million in restitution for his role in a “Ponzi-like” scheme.
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Vivint adds chief ethics and compliance officer
Vivint Smart Home announced the appointment of Daniel Garen as chief ethics and compliance officer.
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Medvantx appoints chief compliance officer
Pharmacy services provider Medvantx appointed Darlene Mitchell as chief compliance officer.
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Lineage Cell Therapeutics names general counsel
Clinical-stage biotechnology company Lineage Cell Therapeutics has named George A. Samuel III as general counsel and corporate secretary.
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SEC charges CCO for role in TMG fraud scheme
Steven Wolfe, the former chief compliance officer of investment adviser Tellone Management Group, has been charged by the SEC for his role in a fraudulent scheme to hide information from investors.
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ArticleFRC: KPMG provided ‘false’ info in Carillion, Regenersis audit inspections
The U.K. Financial Reporting Council issued a disciplinary formal complaint against KPMG for allegedly providing “false and misleading” information during inspections into the Big Four firm’s audits of Carillion and Regenersis.
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ArticleU.K. signals divergence from GDPR with new data transfer approach
The United Kingdom announced plans to strike independent data adequacy decisions with key countries—including the United States—as part of its post-Brexit economic strategy.
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ArticleAdrienne Harris nominated to lead NYDFS
The new head of New York’s Department of Financial Services is expected to be Adrienne Harris, who was nominated to the post by Gov. Kathy Hochul.
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ArticleSEC seeking info on risks, rewards of digital engagement practices
The SEC launched its first foray against risks posed by stock trading platforms like Robinhood with a request for information about how digital engagement practices affect the investment strategies of retail investors.