All United States articles – Page 61
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News BriefWells Fargo unit fined $425K by FINRA over trade disclosures
Wells Fargo Securities agreed to pay a $425,000 penalty as part of a settlement with the Financial Industry Regulatory Authority addressing allegations of disclosure lapses affecting millions of trade confirmations and related supervisory failures.
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PremiumOFAC official urges company transparency on ransomware events
Despite its reputation as a fierce enforcer of sanctions, the Office of Foreign Assets Control has a softer side and wants to help companies that are hit with ransomware attacks, according to the agency’s senior compliance officer.
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News BriefVF discloses data breach impacted 35.5M customers
Apparel company VF Corp., the owner of brands including The North Face, Vans, and Timberland, disclosed its estimation approximately 35.5 million customers had their personal data stolen as part of a cybersecurity incident it uncovered in December.
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News BriefICBC fined $32M by NYDFS, Fed over compliance lapses
The Industrial and Commercial Bank of China and its New York branch agreed to pay $32.4 million in penalties levied by two regulators for failing to address compliance failures and for the unauthorized disclosure of confidential supervisory information to an overseas regulator.
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Brown-Forman announces new general counsel
Alcoholic beverage company Brown-Forman Corp. announced Mike Carr, vice president, associate general counsel for regional and corporate development, will be promoted to general counsel.
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Radiant Logistics names general counsel
Transportation logistics company Radiant Logistics announced Jaime Becker will be its senior vice president and general counsel.
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Ten Oaks Group promotes general counsel to managing partner
Ten Oaks Group, a family office focused on investing in corporate divestitures, announced the promotion of General Counsel Curtis Griner to managing partner.
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Overland Advantage adds Centerbridge CCO to leadership team
Business development company Overland Advantage announced the appointment of Elizabeth Uhl, chief compliance officer of Centerbridge Partners, to its leadership team.
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Target chief legal and compliance officer to retire
Retail giant Target Corp. announced the upcoming retirement of Chief Legal and Compliance Officer Don Liu.
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News BriefRobinhood Financial to pay $7.5M in Mass. settlement
Online stock trading platform and broker-dealer Robinhood Financial agreed to pay a $7.5 million fine as part of a settlement with the Commonwealth of Massachusetts addressing claims related to “gamification” of its platform and cybersecurity issues that lent to a 2021 data breach.
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News BriefCourt bumps Gen Digital false claims judgment to $53M
An opinion in a long-running court case involving software company Gen Digital and alleged violations of the False Claims Act saw proposed costs in the matter jump from $1.3 million to approximately $53 million following successful arguments by the U.S. government.
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PacketFabric recruits Megaport GC as chief operating officer
Network connectivity provider PacketFabric announced former Megaport General Counsel Anna Tichborne joined the company as chief operating officer.
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Boyden appoints risk management chief
Global leadership and talent advisory firm Boyden announced the appointment of Gary Pikul as chief transformation and risk management officer.
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Armstrong Teasdale taps partner as new general counsel
Armstrong Teasdale announced the appointment of Partner Maureen Bryan to serve as the law firm’s general counsel.
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Meritize appoints chief compliance officer
Meritize, a developer of merit-based financing solutions, announced the appointment of Meredith Garland-Hannifin as its new chief compliance officer.
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Davis Polk rehires ex-Morgan Stanley CCO as white-collar chair
Davis Polk announced Raul Yanes, former chief compliance officer at Morgan Stanley, will rejoin the law firm as a partner in the white-collar defense and investigations practice in New York.
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PremiumAML pros say tech, not hiring, will keep them ahead of financial crime
A survey of financial crime professionals found that while three of every four companies added more anti-money laundering employees in 2023, nearly all respondents said growing their department’s headcount alone won’t keep up with emerging risks.
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PremiumFTC ‘click to cancel’ proposal harmful to businesses, companies argue
A proposed “click to cancel” rule by the Federal Trade Commission is not necessary, too broad, and would harm mom-and-pop companies, according to business allies and trade groups.
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News BriefNYDFS proposes AI use guidance for insurers
The New York State Department of Financial Services issued for public comment guidance for insurers operating in the state regarding their use of artificial intelligence systems and other predictive technologies.
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News BriefSilver Lake Hospital to pay $19M over Medicare false claims
New Jersey-based Silver Lake Hospital agreed to pay more than $18.6 million as part of a settlement with the Department of Justice addressing allegations of false claims submitted to Medicare for inpatient cost outlier payments.