All Compliance Week articles in Web Issue – Page 10
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Premium
Experts: AI risk mitigation second nature for compliance professionals
Compliance has been “sleeping on” artificial intelligence, two panelists discussed at Compliance Week’s Women in Compliance Summit. The profession should be positioned to lead on AI governance at the business level.
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Premium
OCC’s Hsu encourages banks to apply guardrails to AI use
Warning of an “eventual reckoning” on artificial intelligence use by financial institutions, the acting head of the Office of the Comptroller of the Currency said the industry should learn lessons on how similar disruptive technologies evolved from being helpful to dangerous.
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News Brief
HF Foods to pay $3.9M to settle execs’ alleged fraud
Food service distributor HF Foods Group agreed to pay a $3.9 million penalty as part of a settlement with the Securities and Exchange Commission regarding alleged fraudulent conduct carried out by its former chief executive officer and former chief financial officer.
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News Brief
Texas touts team ‘among the largest in the country’ to enforce privacy laws
The state of Texas forecasted “aggressive enforcement” of its upcoming data privacy law with the announcement of a dedicated team to oversee its implementation.
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News Brief
‘Why us?’ SEC lists reasons it conducts examinations of broker-dealers
A risk alert from the Securities and Exchange Commission listed top reasons why a registered broker-dealer might be the subject of an examination.
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News Brief
Bluestone Physician Services to pay $14.9M in false claims case
Bluestone Physician Services agreed to pay approximately $14.9 million and abide by a corporate integrity agreement to settle allegations that it filed false claims to federal and state health programs for chronic pain care to people in assisted living facilities.
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News Brief
EU agencies examine efforts to identify and monitor examples of greenwashing
The European Securities and Markets Authority, European Banking Authority, and European Insurance and Occupational Pensions Authority issued reports on greenwashing in the financial sector, describing how they plan to call out examples of false or misleading sustainability claims.
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Blog
Azira names general counsel, chief compliance officer
Consumer behavior insights firm Azira announced the appointment of James Kuan as general counsel and chief compliance officer.
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Blog
Kain Capital hires general counsel
Private equity firm Kain Capital announced Solomon Eskinazi joined as general counsel.
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Blog
Krispy Kreme announces chief legal officer
Doughnut chain Krispy Kreme announced Atiba Adams will join the company as chief legal officer.
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Blog
Skanska appoints general counsel for U.S. business unit
Global construction and development company Skanska appointed Brian Best as senior vice president, general counsel for Skanska USA Building.
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Blog
DOCOMO PACIFIC promotes compliance chief to CEO
Telecommunications and entertainment services provider DOCOMO PACIFIC announced the promotion of Christine Baleto, its chief financial officer and chief security and compliance officer, to president and chief executive officer.
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Webcast
CPE Webcast: Techniques for more effective forced labor risk identification in supply chains
By requiring U.S. importers to prove that their supply chains are free of forced labor, the Uyghur Forced Labor Prevention Act (UFLPA) has created heightened nationwide demand for sophisticated supply chain mapping and risk identification capabilities.
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Premium
Reignited calls to tighten up AML in London, crown dependencies
Despite repeated interventions, fines, and negative publicity, money laundering is rife in U.K. financial services firms, according to Deputy Foreign Secretary Andrew Mitchell.
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Premium
Court overturns SEC private fund adviser rule, calls out agency overreach
A federal appeals court struck down the Securities and Exchange Commission’s private fund adviser rule, agreeing with industry advocates that the agency overstepped its authority.
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Premium
What to watch for as DOJ whistleblower program sprint ends
The Department of Justice’s 90-day sprint to developing and implementing a pilot whistleblower rewards program ended Wednesday, and many questions remain about what the program will entail.
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Blog
Banner Bank promotes risk chief as chief operating officer
Banner Bank announced Executive Vice President Jim Costa was promoted to chief operating officer in addition to his role as chief risk officer.
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Blog
Heron Finance hires compliance head
Registered investment adviser Heron Finance announced it hired Michael Jen as head of compliance.
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Blog
UBS announces group chief risk officer
Swiss bank UBS announced Damian Vogel will be appointed group chief risk officer.
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Blog
ByteDance names global general counsel
Social media app TikTok’s parent company ByteDance announced John Rogovin will join the company as global general counsel.