Articles | Compliance Week – Page 89
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ArticleTIAA subsidiary to pay $97M over wealth advisory sales practices
A subsidiary of the Teachers Insurance and Annuity Association of America has agreed to pay $97 million to settle charges of inaccurate and misleading statements and failing to adequately disclose conflicts of interest regarding employer-sponsored retirement plans.
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ArticleICA: Takeaways from risk assessment roundtable
A recent roundtable on best practices for risk management saw delegates share their experiences in conducting assessments that are accurate, effective, and efficient.
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ArticleCredit Suisse creates new risk role to prevent next Archegos
Credit Suisse has named Amélie Perrier to a new senior executive position to track the trading positions of its largest customers after the bank lost $4.7 billion in the aftermath of the collapse of Archegos Capital Management.
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Avanos Medical appoints general counsel
Medical technology company Avanos Medical has appointed Moji James as senior vice president and general counsel.
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Ford names general counsel
U.S. automotive giant Ford announced the appointment of Steven Croley as general counsel and chief policy officer.
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ArticleFive steps to elevate your average compliance program
Why settle for an average compliance program when you can have so much more? It isn’t easy, but commitment to a handful of key requirements can push your program to the next level.
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Neiman Marcus hires chief legal and compliance officer
Luxury retailer Neiman Marcus Group announced the appointment of Hannah Kim as chief legal officer, corporate secretary, and chief compliance officer.
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ArticleNew-look FTC to test compliance with aggressive approach?
The Federal Trade Commission under new Chair Lina Khan is wasting no time in restoring its power to reshape rulemaking and enforcement, but doing so without proper time for public input is an early cause for concern.
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ArticleNew bill saves CFTC whistleblower program, but for how long?
A measure to save the whistleblower program at the CFTC was signed into law by President Joe Biden, providing enough funding to keep the program running through October 2022. What lies beyond the bill’s support?
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Rio Tinto names chief legal officer
Mining and metals company Rio Tinto has appointed Isabelle Deschamps as chief legal officer & external affairs.
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ArticleBinance enhancing compliance after recent U.K. ban
The CEO of cryptocurrency platform Binance touted the company’s growing commitment to compliance after one of its units was banned from operating in the United Kingdom.
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ArticleItalian DPA cites biased tech in $3.1M GDPR fine
Italy’s data protection authority fined food delivery company Foodinho €2.6 million (U.S. $3.1 million) because the app at the core of its business model allegedly discriminated against employees.
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ArticleHow Uber toes the line between compliance and innovation
At CW’s TPRM virtual event, Dianna Jones, director of legal compliance at Uber, shared how the company seeks to build compliance into new initiatives without stifling innovation.
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ArticleColorado third state to enact comprehensive privacy law
The Colorado Privacy Act largely mirrors its predecessors in California and Virginia but includes greater fines per violation of $20,000. The law is set to take effect July 1, 2023.
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NBA’s Minnesota Timberwolves hire general counsel
The Minnesota Timberwolves of the National Basketball Association announced the appointment of Suzanne Spellacy as general counsel. Spellacy will also serve as general counsel for the WNBA’s Minnesota Lynx.
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MEI Pharma appoints chief compliance officer
Late-stage pharmaceutical company MEI Pharma announced the appointment of Tina Beamon as chief compliance officer.
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Deutsche Telekom hires chief compliance officer
Deutsche Telekom, the parent company of T-Mobile, has appointed Marie von der Groeben as chief compliance officer.
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FinCEN adds first chief digital currency advisor
The Financial Crimes Enforcement Network named Michele Korver its first-ever chief digital currency advisor.
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OCC revamps structure, names chief risk officer
The Office of the Comptroller of the Currency announced Larry Hattix will take on the additional role of chief risk officer as part of a series of updates to its organizational structure.
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ArticleSurvey: Emerging TPRM trends in anti-corruption
Kroll’s newest anti-corruption benchmarking report highlights current TPRM trends such as evolving challenges with enhanced due diligence, the rise of automation, the growing incorporation of ESG matters into compliance programs today, and more.