All United States articles – Page 18
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News BriefSEC fines OTC Link $1.2M over allegedly failing to file SARs
New York-based broker-dealer OTC Link will pay a $1.2 million fine to settle charges levied by the Securities and Exchange Commission over allegedly failing to implement a system to monitor and report potential suspicious activities on its platforms.
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PodcastPodcast: BCG managing director on anti-financial crime technology
Staff writer Aaron Nicodemus discussed anti-financial crime technology in banking with Hanjo Seibert, managing director and partner of Boston Consulting Group, during the latest episode of the Compliance Week podcast.
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News BriefIdeanomics, execs to pay $5M over allegedly misleading auditor
Ideanomics, two former execs, and its current chief executive agreed to pay about $5 million and hire an independent compliance professional to settle allegations made by the Securities and Exchange Commission (SEC) that the company misled the public about its performance.
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News BriefFed orders Customers Bank to improve AML, sanctions compliance
Pennsylvania-based Customers Bancorp avoided a fine but was ordered to revamp and strengthen its anti-money laundering, sanctions, and Bank Secrecy Act compliance programs after finding “significant deficiencies,” the Federal Reserve Board announced.
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PremiumQ&A: Paxful CCO on ramping up compliance after BSA failures
Manfred Bekeris, chief compliance officer at cypto peer-to-peer network Paxful, sat down with Compliance Week to talk about joining the company shortly before its former chief operating officer and co-founder pled guilty to violating the Bank Secrecy Act.
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Customers Bank appoints compliance chief
Customers Bank appointed Allen Love as chief compliance and AML officer.
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News BriefCFPB to monitor compliance at Credit Repair Cloud after alleged illegal fees
Credit Repair Cloud and its chief executive will pay $3 million in combined penalties and put in place significant compliance measures over illegally charging customers, according to the Consumer Financial Protection Bureau.
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News BriefFTX, Alameda to pay $12.7B in historic settlement with CFTC
FTX Trading and its sister cryptocurrency exchange Alameda Research will pay $12.7 billion to settle charges laid by the Commodity Futures Trading Commission that the two companies violated the Commodity Exchange Act and CFTC regulations.
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PremiumSEC unveils joint data sharing standards with eight other financial regulators
A joint proposal from nine U.S. financial regulators on data standards aim to streamline submissions and ease data sharing among agencies, the Securities and Exchange Commission announced.
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News BriefLegends ordered to pay $3.5M, hire compliance officer over pre-merger activity
A hospitality company agreed to pay $3.5 million and appoint an anti-trust compliance officer to settle allegations by the Department of Justice that it engaged in illegal pre-merger activity.
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Basic PageDOJ lawsuit alleges TikTok ignored order to enhance COPPA compliance
TikTok is in hot water with the Department of Justice and Federal Trade Commission over widespread failures to comply with a 2019 consent order to enhance compliance with children’s privacy laws.
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PremiumSolarWinds partial dismissal casts doubt on SEC Cybersecurity Rule
A partial dismissal of charges levied by the Securities and Exchange Commission against Solarwinds has cast doubt about the breadth of the SEC's Cybersecurity Rule.
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Dynex Capital names risk chief
Dynex Capital announced the promotion of Robert Nilson to chief risk officer.
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Melio appoints chief compliance officer
Melio, a B2B payments platform for small businesses, announced the appointment of Nicholas Passarelli as chief compliance officer.
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RADAR announces general counsel
Technology platform RADAR announced the appointment of Morgan Levine as general counsel.
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MDpanel welcomes general counsel
MDpanel, a provider of expert medical opinions as part of the insurance claims process, announced that Patrick Eagen has joined as general counsel.
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Bridge adds Michelin diversity chief to board
Independent DEI trade organization Bridge announced that Tiffane Davis, chief diversity, equity, and inclusion officer of Michelin, will join its board of directors.
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Fox News Media names general counsel
Fox News Media named Katherine Meeks as general counsel, effective Aug. 19.
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Terns Pharmaceuticals appoints legal chief
Terns Pharmaceuticals announced the appointment of Elona Kogan as chief legal officer.
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L Catterton announces global sustainability head
Investment firm L Catterton announced the appointment of Devon Leahy as global head of sustainability.