- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Jeff Dale2024-06-18T17:36:00
The New York branch of Credit Suisse reached a deal with the Treasury Department’s Office of the Comptroller of the Currency (OCC) over compliance with its Bank Secrecy Act and anti-money laundering (BSA/AML) obligations.
In late May, the OCC took over supervisory authority of the branch from the New York State Department of Financial Services (NYDFS) after the bank’s application to convert to a federal branch was approved, according to a written agreement between the agency and bank.
In December 2020, while still registered in New York, the branch agreed to certain compliance undertakings with the Federal Reserve Board of Governors and NYDFS to shore up its BSA/AML compliance program.
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Massachusetts-based technology company Circor International settled charges with the Securities and Exchange Commission regarding deficient internal accounting controls without paying a fine.
Central Pacific Bank appointed Ralph Mesick as its senior executive vice president and chief risk officer.
Financial sciences company Two Sigma announced that Scott Hoffman, former chief administrative officer and general counsel of Lazard, will be a co-chief executive officer, effective Sep. 30.
Broker-dealer Nationwide Planning Associates and two affiliated investment advisers impeded potential whistleblowers from reporting misconduct to the Securities and Exchange Commission and have agreed to settle the charges for a combined $240,000.
Six credit rating agencies will pay $49 million in fines to the Securities and Exchange Commission for allowing their employees to communicate on company business using nonapproved communication channels like Whats App and WeChat.
RTX Corp., the parent company of Raytheon, agreed to pay $200 million in fines and remediation to address hundreds of export control violations that led to the disclosure of sensitive military secrets.
