All Finance articles – Page 37
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Jackson Financial adds general counsel for split from Prudential
Investment holding company Jackson Financial announced the addition of Carrie Chelko as executive vice president. Chelko is expected to assume the role of general counsel and secretary following Jackson’s planned separation from Prudential on Sept. 13.
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ArticleWhat went wrong at Greensill Capital? Former risk chief shares his view
Brett Downes, the chief risk officer at Greensill Capital for five years before the company filed for insolvency, explains what factors he believes led to the supply chain finance startup’s abrupt collapse.
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ArticleChallenge to SEC’s Bank Secrecy Act authority backed by ex-FinCEN leadership
A brokerage firm petitioning the Supreme Court to review the power of the SEC to enforce the Bank Secrecy Act has received support from two former officials of the primary agency tasked with overseeing the AML law.
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MUFG Americas names chief risk officer
Financial group MUFG Americas Holdings Corp. and its subsidiary MUFG Union Bank appointed Brian Gunn as chief risk officer.
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Palladium Equity Partners promotes chief compliance officer
Private equity firm Palladium Equity Partners has promoted Dominick Barbieri to general counsel and chief compliance officer, with former CCO Eugenie-Cesar Fabian appointed head of ESG and sustainability.
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ArticleFINRA notice outlines key areas for supervising third parties
The Financial Industry Regulatory Authority issued a notice on compliance deficiencies arising from firms’ relationships with vendors culled from examination findings.
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Marathon Asset Management CCO assumes chief legal officer duties
Global investment management firm Marathon Asset Management announced several changes in leadership, including the addition of chief legal officer duties to the responsibilities of its chief compliance officer.
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ArticleFinTech firm Plaid settles privacy lawsuit at $58M
Plaid has reached a $58 million settlement with a group of customers who claimed the FinTech company sold their bank transaction histories to third parties without their consent.
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ArticleEU guidance seeks to clarify role of AML/CFT compliance officers
The European Banking Authority is seeking comment on new draft guidelines that set clear expectations regarding the appointment, role, tasks, and responsibilities of anti-money laundering and countering the financing of terrorism compliance officers.
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TSG Consumer Partners adds chief compliance officer
Private equity firm TSG Consumer Partners appointed Drew Weilbacher as its new chief compliance officer.
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ArticleThe importance of transaction monitoring, and the cost of getting it wrong
Transaction monitoring has evolved to the point where the emphasis is now on the requirement firms carry out ongoing monitoring of client relationships. Recent enforcement actions provide lessons on pitfalls to avoid.
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Snap Finance recruits chief compliance officer from Encore Capital
FinTech firm Snap Finance announced the appointment of three new members to its senior leadership team, including Doris Hektor as chief compliance officer.
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SEC charges 27 financial firms for Form CRS delivery lapses
The Securities and Exchange Commission levied penalties totaling $910,092 across settlements with 21 investment advisers and six broker-dealers for failing to timely file and deliver Form CRS to retail investors.
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ArticleOFAC fines Payoneer $1.4M for sanctions violations
Money transfer services company Payoneer will pay $1.4 million to resolve 2,260 apparent violations of U.S. sanctions in a settlement with the Department of the Treasury’s Office of Foreign Assets Control.
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Freddie Mac appoints chief compliance officer
Mortgage lender Freddie Mac announced the appointment of Jerry Mauricio as senior vice president and chief compliance officer.
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Encore Capital adds chief risk and compliance officer
Debt management provider Encore Capital Group has appointed Steve Carmichael as senior vice president, chief risk and compliance officer.
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ArticleFCA pledge to be more assertive rings hollow amid enforcement drops
A steady decrease in enforcement activity makes it easy to question whether the U.K. Financial Conduct Authority is in position to become the “more innovative, assertive, and adaptive regulator” it pledges to be.
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ArticleCompliance allegedly ignored in LendingClub $18M FTC settlement
FinTech firm LendingClub has agreed to pay $18 million in a settlement with the Federal Trade Commission for deceiving loan applicants about hidden fees that its compliance department allegedly warned it about.
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ArticleNew bank guidance expands on advice for handling third parties
Three federal banking regulators are seeking public input on the first comprehensive update to risk management guidance for financial institutions entering into business relationships with third parties since 2013.
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Arctaris adds chief compliance officer, general counsel
Boston-based investment firm Arctaris Impact Investors announced the appointment of Alan Halfenger as general counsel and chief compliance officer.