All Finance articles – Page 43
-
Article
Discover promotes chief accounting officer
Discover Financial Services announced Shifra Kolsky has been promoted to the role of senior vice president, controller & chief accounting officer. Kolsky replaces Ed McGrogan, who plans to retire at the end of 2020.
-
Article
Study questions effectiveness of U.K. management oversight regime
The U.K.’s financial services regulator is still failing to hold individuals accountable four years after introducing a program to improve oversight and enforcement, according to a new study.
-
Article
Experian to appeal ICO enforcement notice over data protection failures
The U.K. Information Commissioner’s Office issued an enforcement notice against Experian, ordering the credit reference agency to make “fundamental changes” to how it handles personal data related to its direct marketing services.
-
Article
Rockefeller Capital adds former Morgan Stanley CCO as general counsel
Financial services firm Rockefeller Capital Management announced the appointment of former Morgan Stanley Global Chief Compliance Officer William Fenrich as general counsel.
-
Article
Study: Financial crime compliance costs top $42B in U.S./Canada
A new study of financial crime compliance costs found spending by American and Canadian financial institutions is up sharply in 2020, driven in part by the coronavirus pandemic.
-
Article
Is human trafficking financial services’ blind spot?
A new report from BAE Systems demonstrates just how far we have to go in the fight against money laundering, particularly when it comes to human trafficking.
-
Article
Bitcoin platform operator fined $60M for AML violations
Larry Dean Harmon, the operator of virtual currency platforms Helix and Coin Ninja, was assessed a $60 million civil penalty by FinCEN for violations of the Bank Secrecy Act and its implementing of AML regulations.
-
Article
Libra recruits HSBC exec as CFO, chief risk officer
Digital currency group the Libra Association continued the buildout of its risk and compliance department with the appointment of Ian Jenkins as chief financial officer and chief risk officer of Libra Networks.
-
Article
Progress on beneficial ownership key to AML fight
With the British Virgin Islands vowing its commitment to a beneficial ownership public register, financial crime expert Martin Woods turns his attention toward how the U.K. and U.S. are progressing in the space.
-
Article
Three tips on how to design financial crime training with impact
Simone Jones of the International Compliance Association offers three ways to get employees to both embrace financial crime training and use the knowledge learned in their daily roles.
-
Article
Former hedge fund CCO fined, suspended for impeding investigation
The former CCO of a New York City investment firm who impeded a Securities and Exchange Commission investigation into her employer has been fined $25,000 and suspended from practicing before the SEC for a year.
-
Article
Two companies charged in landmark SEC data analytics cases
A new risk-based data analytics initiative at the SEC has been credited for forming the basis of charges against two publicly traded companies for improper reporting of quarterly earnings per share.
-
Article
Visa appoints new chief compliance officer
Payment services giant Visa this month appointed Obiamaka Madubuko as its new chief compliance officer.
-
Article
USA Technologies names chief accounting officer
Cashless payment services firm USA Technologies announced the appointment of Scott Stewart as chief accounting officer.
-
Article
CCO for investment firm altered docs to cover compliance failures, SEC says
A New York investment advisor and broker-dealer firm and its former chief compliance officer have been fined and censured for not fixing compliance failures identified by two federal agencies, then altering documents in an attempt to convince investigators the failures had been addressed.
-
Article
FinCEN seeking comment on AML program overhaul
The Financial Crimes Enforcement Network has proposed a plan to issue AML guidance every two years to encourage financial institutions to align their Bank Secrecy Act compliance programs with the agency’s enforcement priorities.
-
Article
SEC charges chief compliance officer in stock fraud scheme
A New Jersey-based asset management firm and its president and chief compliance officer are facing SEC charges for “cherry-picking” profitable stocks for new and favored accounts that diminished returns for other clients.
-
Article
AIG whistleblower claims in lawsuit he was fired for uncovering fraud
A former attorney for AIG has alleged in a federal whistleblower lawsuit that he was fired after he complained about fraudulent activity related to an attempt to spin off a separate legal services company.
-
Article
Libra gets new legal chief as general counsel departs
Fledgling digital currency group the Libra Association has appointed Steve Bunnell as chief legal officer as General Counsel Robert Werner steps away from the group after three months on the job.
-
Article
With CFPB in ‘retreat,’ California eyes state consumer finance agency
California wants to create its own state consumer finance protection agency because the federal Consumer Financial Protection Bureau is in “retreat,” Democratic Gov. Gavin Newsom says.