All Compliance Week articles in Web Issue – Page 112
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News Brief
SEC fines SPAC $104K for control failures that enabled CFO embezzlement
African Gold Acquisition Corp. will pay a $103,591 fine for allegedly having flawed internal controls, reporting, and recordkeeping procedures that allowed its former chief financial officer to drain approximately $1.2 million from its bank account.
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News Brief
SEC cites CCO error in HITE Hedge short selling case
Investment advisory firm HITE Hedge Asset Management and its private fund clients agreed to pay more than $220,000 to settle allegations the firm violated a Securities and Exchange Commission rule concerning short selling.
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Blog
DLA Piper recruits CCO from Lidl US
Multinational law firm DLA Piper announced the appointment of Kristy Balsanek as partner in the firm’s regulatory and government affairs group.
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News Brief
Wells Fargo probed for employee use of off-channel communications
The Securities and Exchange Commission and Commodity Futures Trading Commission are investigating Wells Fargo regarding employees’ improper use of off-channel communications to conduct business and the bank’s recordkeeping of those communications.
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Blog
Mastercard promotes CCO to chief risk officer
Mastercard announced the promotion of Chief Compliance Officer Karen Griffin to chief risk officer.
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News Brief
EU handbook touts diverse practices for combating corruption
The European Commission published a collection of best practices from each European Union member state that companies and compliance officers might find useful to combat corruption.
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News Brief
Treasury No. 2 warns of increased Russian sanctions enforcement
Deputy Secretary of the Treasury Wally Adeyemo said the agency is primed to step up its enforcement efforts regarding sanctions and export controls announced against Russia in the year since the country invaded Ukraine.
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Blog
WeWork promotes legal head to chief compliance officer
Coworking space company WeWork announced the promotion of Pam Swidler to chief legal officer, chief compliance officer, and corporate secretary.
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News Brief
HHS reports: Compliance reviews, health data breaches up
The number of compliance reviews by the Department of Health and Human Services of health organizations increased between 2017 and 2021, according to the agency’s latest reports to Congress.
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News Brief
Mormon church, investment manager pay $5M for misstating asset ownership
The Church of Jesus Christ of Latter-day Saints and its investment advisory firm agreed to pay a total of $5 million to settle charges from the Securities and Exchange Commission that both entities conspired to obscure the value of the church’s investments.
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News Brief
Raiffeisen confirms OFAC probe into Russia, Ukraine business
Raiffeisen Bank International said it received a request for information from the Treasury Department’s Office of Foreign Assets Control regarding its business activities related to Russia and Ukraine.
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Premium
Cybersecurity pillars: Prevention, protection, mitigation, governance
The former superintendent of the New York State Department of Financial Services explained how the structure of a cybersecurity program is like a compliance program and can be divided into four buckets during a panel discussion at CW’s Cyber Risk & Data Privacy Summit.
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News Brief
SEC, CFTC order Options Clearing Corp. to pay $22M over internal rule failures
Options Clearing Corp. agreed to pay $22 million as part of settlements with the Securities and Exchange Commission and Commodity Futures Trading Commission addressing charges the company failed to comply with internal rules to manage risks.
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News Brief
DOJ official defends use of DPAs amid criticisms
Deputy Assistant Attorney General Lisa Miller spoke to the value of deferred prosecution agreements to resolve corporate misconduct amid renewed criticism directed toward the Department of Justice’s 2021 agreement with Boeing.
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Resource
e-Book: Regulator expectations for AI use
The need to keep pace with technology is paramount for compliance departments. Regulators have high expectations that risks are being properly managed during new tech implementation.
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Video
How to implement a zero-trust security model
This session from Compliance Week’s 2023 virtual Cyber Risk & Data Privacy Summit features a presentation by Jamie Miller, chief executive officer at Mission Multiplier. The event was held Feb. 15-16, 2023.
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Video
Writing an effective data protection and privacy policy
This session from Compliance Week’s 2023 virtual Cyber Risk & Data Privacy Summit features a presentation by Patricia McArdle, principal at Patricia McArdle, PLLC. The event was held Feb. 15-16, 2023.
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Video
Top trending cybersecurity threats
This session from Compliance Week’s 2023 virtual Cyber Risk & Data Privacy Summit features Dana Simberkoff, chief risk, privacy, and information security officer at AvePoint, moderating a discussion with Darren Hayes, associate professor at Pace University; David Sherman, partner at BakerHostetler; and Maria Vullo, former superintendent of the New York ...
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Video
Navigating new cyber and privacy regulations
This session from Compliance Week’s 2023 virtual Cyber Risk & Data Privacy Summit features Kayne McGladrey, field chief information security officer at Hyperproof, moderating a discussion with Amy Mertz Brown, chief compliance officer at Gurstel Law Firm; Cynthia Cole, partner at Baker McKenzie; and Alex Iftimie, partner and co-chair of ...
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Video
Managing cyber and privacy risks with third-party vendors
This session from Compliance Week’s 2023 virtual Cyber Risk & Data Privacy Summit features Diane Lu, vice president, senior counsel at SoftBank Group International, moderating a discussion with David Kessler, vice president and associate general counsel at BAE Systems; Joshua Marpet, founder of MJM Growth; and McKenzee McCammack, regional compliance ...