All United States articles – Page 49
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Podcast
Digital Transformation of Compliance podcast: FedEx CCO Justin Ross
In the debut episode of the Digital Transformation of Compliance podcast series, Justin Ross, chief compliance officer at FedEx, speaks to specific areas in which the shipping giant has digitized and automated parts of its compliance function.
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OCC examiners to focus 2024 attention on risks that led to bank failures
Bank examiners from the Office of the Comptroller of the Currency are focusing their supervision attention on how banks manage risks that brought down three mid-sized financial institutions earlier this year.
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News Brief
MGM discloses $100M hit from cyberattack
MGM Resorts International said it expects to take a $100 million hit as part of the fallout of a cyberattack that has most significantly impacted its Las Vegas operations.
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Shinhan Bank enforcements a lesson in not prioritizing compliance
The recent $25 million in combined penalties levied against South Korean-based Shinhan Bank by three U.S. regulators was the culmination of the bank’s failure over an eight-year period to timely correct deficiencies with its anti-money laundering and Bank Secrecy Act processes.
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Blog
Two Ocean Trust appoints chief risk and compliance officer
Two Ocean Trust, a Wyoming-chartered trust company, announced the appointment of Albert Forkner as its new chief risk and compliance officer.
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Blog
Auctane names chief legal officer
Auctane, a global delivery experience company, announced the appointment of Kin Gill as its new chief legal officer.
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Blog
Carson Group gets chief legal officer
Financial services firm Carson Group hired Julie Pine as its chief legal officer.
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Blog
Lido appoints general counsel
Wealth management firm Lido Advisors announced the appointment of Debra Achkire as general counsel.
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Premium
Expert: Clorox ‘trying to do the right thing’ with rapid cyberattack disclosures
The timing of a recent cyberattack against Clorox juxtaposed against the Securities and Exchange Commission’s adoption of its cybersecurity incident disclosure rule soon to take effect has presented a case study regarding how companies might seek to meet the requirements of the rule.
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DOJ floats declinations as incentive under M&A self-disclosure safe harbor
The Department of Justice’s push to incentivize companies to voluntarily self-disclose potential misconduct reached its next stage in the form of a safe harbor policy regarding mergers and acquisitions.
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News Brief
FINRA orders Santander unit to pay $100K over supervision failures
Santander U.S. Capital Markets agreed to pay $100,000 to settle allegations by the Financial Industry Regulatory Authority regarding supervision failures related to misuse of material nonpublic information.
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Blog
East West Bancorp gets new chief risk officer
East West Bancorp, the parent company of East West Bank, announced the appointment of Irene Oh as executive vice president and chief risk officer.
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Blog
Xcel Energy promotes compliance head to chief customer officer
Xcel Energy announced Amanda Rome as executive vice president, group president of utilities and chief customer officer. Rome served as chief legal and compliance officer since 2021.
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Blog
Dominion Energy promotes chief legal officer
Dominion Energy announced Carlos Brown as president of Dominion Energy Services and executive vice president, chief legal officer and corporate secretary of Dominion Energy.
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Survey finds gender parity progress in general counsel compensation
Pay among women general counsel outpaced men in 2022 for only the second time since 2018, according to the latest compensation benchmarking report from corporate leadership data provider Equilar.
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News Brief
Fidelity unit fined $900K by FINRA for due diligence lapses
Fidelity Brokerage Services agreed to pay a $900,000 penalty levied by the Financial Industry Regulatory Authority regarding alleged due diligence failures caused by errors in the firm’s automated screening system.
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FinCEN crafting rule proposal for AML and sanctions whistleblower program
Andrea Gacki, the new director at the Financial Crimes Enforcement Network, said the agency is working to issue a notice of proposed rulemaking regarding the establishment of an anti-money laundering and sanctions whistleblower program.
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News Brief
SEC calls out Advisor Resource Council compliance structure in lawsuit
The Securities and Exchange Commission criticized the structure of the compliance program in place at Texas-based investment adviser Advisor Resource Council as part of a lawsuit against the firm and one of its former representatives.
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NIST framework might help organizations prepare for AI regulations
The new artificial intelligence framework released by the National Institute of Standards and Technology is not a checklist for AI but might help organizations better manage the risks associated with the technology.
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Blog
ChristianaCare adds chief compliance officer
ChristianaCare, a network of private, nonprofit hospitals, appointed Gregory Ehardt as senior vice president and chief compliance officer.