All United States articles – Page 53
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News BriefBusiness groups sue to halt California climate disclosure laws
A coalition of business groups filed a lawsuit opposing two California laws that require large businesses to make climate-related disclosures, calling it a fight against illegal and excessive government overreach.
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News BriefOCC proposes stricter review process for bank mergers
The Office of the Comptroller of the Currency proposed eliminating expedited or streamlined reviews of mergers for national banks and federal savings associations.
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News BriefTreasury cites Iraqi bank, owner over terrorist financing concerns
Al-Huda Bank faces severance from the U.S. financial system for being a conduit of terrorist financing, according to the Financial Crimes Enforcement Network, while its owner, Hamad al-Moussawi, was sanctioned by the Office of Foreign Assets Control.
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News BriefCalif. AG launches sweep into streaming apps’ compliance with CCPA
California Attorney General Rob Bonta announced the launch of an investigative sweep targeting popular streaming apps and devices, alleging noncompliance with the California Consumer Privacy Act.
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ERI appoints sustainability chief
Electronics and information technology asset disposition provider ERI named David Hirschler, who formerly served as senior director of sustainability and legislative compliance at the company, as its chief sustainability officer.
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Liberty Bankers Insurance Group names risk chief
Liberty Bankers Insurance Group announced the hiring of John Blocher as vice president, actuary and chief risk officer.
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AlphaGen announces general counsel
Alpha Generation, manager of one of the largest power infrastructure portfolios in the United States, announced Jason Buchman as general counsel.
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Surge Ventures adds Farmers Financial Solutions’ CCO to advisory board
Surge Ventures, a software-as-a-service venture studio, added Farmers Financial Solutions’ Chief Compliance Officer Ann Robinson to its advisory board.
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KP Aviation CEO shifts to chief compliance officer role
Aftermarket aerospace material and services provider KP Aviation announced Kim Schulze, the co-founder and current chief executive officer, will transition to the newly created role of principal and chief compliance officer.
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Micron announces legal chief
Storage solutions provider Micron Technology announced the appointment of Michael Ray as senior vice president, chief legal officer and corporate secretary.
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News BriefMGM Grand, Cosmopolitan fined $7.5M total over BSA violations
Two Las Vegas casinos agreed to pay penalties of nearly $7.5 million as part of separate non-prosecution agreements with the Department of Justice addressing violations of the Bank Secrecy Act over alleged anti-money laundering compliance failings.
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News BriefDOJ, FTC re-emphasize requirement to retain business communications
The Department of Justice and Federal Trade Commission updated language contained in standard preservation letters regarding the maintaining of business communications made via collaboration tools and ephemeral messaging apps.
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News BriefAon unit to pay $1.5M for misleading pension fund
Aon Investments USA and its former partner agreed to pay nearly $1.6 million in combined penalties to settle charges by the Securities and Exchange Commission that they misled a Pennsylvania school pension fund.
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News BriefSPAC to avoid $1.5M SEC fine for failing to disclose pre-IPO merger talks
Northern Star Investment Corp. II faced a penalty of $1.5 million to settle charges laid by the Securities and Exchange Commission that it made misleading statements in its January 2021 initial public offering.
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News BriefCFTC seeking comment on applications of AI in compliance
The Commodity Futures Trading Commission would like to learn more about how regulated entities might be using artificial intelligence in their compliance efforts, along with other applications.
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PremiumFCPA violations in China: Lessons learned from 2023 cases
Enforcement actions regarding alleged violations of the Foreign Corrupt Practices Act at 3M, Albemarle, Clear Channel Outdoor, and Royal Philips each had China touchpoints. Experts assess third-party risk management lessons learned from each case.
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News BriefEx-DOJ Criminal Division head Polite to lead Tavistock Group compliance review
Private equity company Tavistock Group announced the retention of law firm Sidley Austin to conduct a compliance review, the same week that its billionaire founder pleaded guilty to U.S. insider trading charges.
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Scripps names new legal chief
The E.W. Scripps Company, a diversified media company, announced the appointment of Dave Giles as chief legal officer.
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Eos Energy appoints chief compliance officer
Battery manufacturer Eos Energy Enterprises announced the appointment of Michael Willis Silberman to serve as the company’s general counsel, chief compliance officer, and corporate secretary.
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Zurich North America names finance head as risk chief
Insurance solutions and services provider Zurich North America appointed Ann Chai as chief risk officer.