All Compliance Week articles in Web Issue – Page 111
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Blog
Loopio appoints first general counsel
Software company Loopio announced the appointment of Neetu Toor as its first general counsel.
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News Brief
SEC commissioners question best execution ruling in Huntleigh Advisors case
Huntleigh Advisors and affiliate Datatex Investment Services agreed to pay $893,502 to settle charges laid by the Securities and Exchange Commission regarding failure to disclose conflicts of interest to their advisory clients over eight years.
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News Brief
Stanley Black & Decker discloses potential FCPA violations
Stanley Black & Decker voluntarily disclosed to the Department of Justice and Securities and Exchange Commission its international division might have violated the Foreign Corrupt Practices Act.
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Premium
Ruling in Experian GDPR case thrusts ‘legitimate interest’ into spotlight
Experian won a legal battle against the U.K. Information Commissioner’s Office after the data regulator ordered the credit reference agency to make “fundamental changes” over the way it handled personal data for direct marketing purposes or stop altogether.
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News Brief
Qualtrics discloses ICFR weakness in IT controls
Software company Qualtrics disclosed the discovery of a material weakness in its internal control over financial reporting for the 2022 fiscal year.
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News Brief
South Africa, Nigeria added to FATF’s AML/CFT watchlist
The Financial Action Task Force placed Nigeria and South Africa on its list of countries requiring increased monitoring because of deficiencies in their regimes to counter money laundering, terrorist financing, and proliferation financing.
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News Brief
Probe into Goldman Sachs’ credit card practices expands
Goldman Sachs Group disclosed more regulators—beyond the Consumer Financial Protection Bureau—are investigating its credit card account management practices.
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Premium
Cloud ‘not a silver bullet’ for security
A panel of cyber experts and a chief compliance officer in financial services discussed the business risks, threat vectors, and vendor ‘gotchas’ associated with transitioning to a cloud provider at CW’s virtual Cyber Risk & Data Privacy Summit.
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Premium
‘This is where we are now’: Cyber environment calls for continuous monitoring
Securing your organization’s private data when vendors have access to it means managing relationships from beginning to end, panelists at CW’s virtual Cyber Risk and Data Privacy Summit agreed.
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Blog
ScanSource names chief legal officer
ScanSource, an information technology services and consulting company, announced the appointment of Shana Cochrane Smith as senior executive vice president and chief legal officer.
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Blog
CBRE adds ex-Microsoft environmental head as chief sustainability officer
Commercial real estate and investment firm CBRE Group announced the appointment of Robert Bernard as chief sustainability officer and senior vice president, client sustainability solutions.
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Blog
Marqeta recruits chief legal officer from Blend
Card issuing platform Marqeta announced the appointment of Crystal Sumner as chief legal officer.
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News Brief
OFAC imposes new sanctions to mark anniversary of Russia’s Ukraine invasion
The Office of Foreign Assets Control unveiled a slew of new sanctions against financial services firms and individuals that either support Russia’s war effort or have been judged to be undermining existing U.S. sanctions.
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Premium
HHS proposal aims to ‘shine a light’ on nursing home ownership
It is still too early in the rulemaking process to know what will be included in the Biden administration’s final rule on transparency of nursing home ownership, but there are some steps facilities can take to prepare, according to experts.
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News Brief
Cornerstone Healthcare Group to pay $21.6M over false claims
Cornerstone Healthcare Group will pay more than $21.6 million to settle allegations it filed false claims to Medicare by inflating the cost of services, billing for unauthorized services, and other violations initially brought forward by a whistleblower.
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Opinion
Lessons in cybersecurity: Control the breach narrative
Recent botched data breach responses at Activision Blizzard and GoDaddy prompt timely consideration of communication best practices shared by cybersecurity experts at CW’s virtual Cyber Risk & Data Privacy Summit.
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News Brief
DOJ publishes voluntary self-disclosure policy for corporations
The Department of Justice codified a new policy regarding the voluntary self-disclosure of corporate misconduct, following recent announcements on the updates by agency officials.
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Premium
ChatGPT comes with compliance caveats, experts warn
There are downsides to every new technology, and artificial intelligence and machine learning are no exception. Experts discussed the importance for compliance professionals to understand the risks of such tools at CW’s virtual Cyber Risk & Data Privacy Summit.
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Blog
Spirit Super names chief risk officer
Australia-based financial services company Spirit Super appointed Will Sadler as chief risk officer.
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Blog
Five Star Bank appoints chief risk officer
Financial Institutions Inc., the parent company of Five Star Bank, announced the appointment of Gary Pacos as chief risk officer.