All Compliance Week articles in Web Issue – Page 12
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News Brief
FINRA dings Bank of America unit over notification lapses
The Financial Industry Regulatory Authority fined a Bank of America subsidiary $90,080 for filing untimely or inaccurate notifications related to security distributions and failing to adopt an adequate supervisory system.
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Premium
SEC’s Grewal shares views on ‘Five Principles of Effective Cooperation’
Gurbir Grewal, director of the Enforcement Division at the Securities and Exchange Commission, spelled out plainly his view on the best path to earning cooperation credit during settlement negotiations with the agency.
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Blog
Stellantis adds ex-Saint-Gobain CECO as corporate office head
Automaker Stellantis announced that Clara Ingen-Housz, who was previously Saint-Gobain’s group legal counsel and chief ethics and compliance officer, will be appointed head of the global corporate office and public affairs.
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Blog
Baker Tilly names GC as chief risk officer
Advisory, tax, and assurance firm Baker Tilly announced the appointment of Principal and General Counsel Theresa Meiners as chief risk officer.
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Blog
Neptune Flood promotes chief risk officer
Insurance company Neptune Flood announced the promotion of Matt Duffy to managing director and chief risk officer.
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Blog
Xcel Energy names legal, compliance chief
Utilities company Xcel Energy named Rob Berntsen as executive vice president and chief legal and compliance officer.
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Blog
Lomiko announces chief sustainability officer
Canadian mining company Lomiko Metals announced Cindy Valence will join as chief sustainability officer.
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Blog
Broadway Financial appoints GC, chief risk officer
Broadway Financial Corp., the holding company of City First Bank, announced Elizabeth Sur as executive vice president, general counsel and chief risk officer of both Broadway and the bank.
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Blog
CSAA Insurance Group names legal chief
CSAA Insurance Group named Katherine Evans as executive vice president and chief legal officer.
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Blog
Laurentian Bank announces chief risk officer
Montreal-based Laurentian Bank announced the appointment of Christian De Broux as chief risk officer.
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Blog
Empower adds chief compliance officer
Retirement services provider Empower announced KC Waldron will join the company as chief compliance officer.
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Blog
FirstEnergy names chief privacy officer
Electric utility company FirstEnergy Corp. named Deandra Williams-Lewis as chief privacy officer, in addition to her current role as director, ethics and compliance.
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News Brief
BaFin relaxes growth restrictions on N26 following AML improvements
German financial regulatory authority BaFin lifted growth restrictions on N26, after the digital bank made improvements to its anti-money laundering program.
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News Brief
Lessons from Arthur Grand ‘whites only’ case
IT company Arthur Grand Technologies’ settlements with the Department of Justice and Department of Labor regarding a discriminatory “whites only” job posting offer key takeaways regarding company liability and reputation risks.
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Premium
OCC’s Hsu advocates requiring mid-sized banks create ‘robust’ recovery plans
Acting Comptroller of the Currency Michael Hsu said he favors requiring more mid-sized U.S. banks to conduct the same rigorous recovery planning as the largest banks, part of a lesson learned from the collapse of three mid-sized banks in 2023.
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News Brief
Mass Ave Global fined $350K for compliance, communication lapses
Mass Ave Global agreed to pay $350,000 for alleged failures that led the investment adviser to make false and misleading statements to investors, according to the Securities and Exchange Commission.
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Event
Revamped compliance processes key Albemarle win as Compliance Program of the Year
For successfully navigating thorny compliance issues related to self-disclosed violations of the Foreign Corrupt Practices Act, Albemarle was named Compliance Program of the Year at the 2024 Excellence in Compliance Awards.
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Sponsored
eBook: InfoSec’s guide to third-party risk management
Working with third parties is essential to the success of almost every organization. But it also introduces numerous security risks and challenges. In the last year alone, 84% of security professionals experienced at least one significant disruption directly attributed to a third party. Organizations across all industries are quickly — ...
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Event
Gina Nese stays ahead of the curve as CCO of the Year
Gina Nese, head of compliance and privacy at Align Technology, jumps at the chance to share new ideas and ways to innovate, including regarding emerging technologies like AI. Her work earned her recognition as CCO of the Year at the 2024 Excellence in Compliance Awards.
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News Brief
TD Bank risk chief laments ‘procedural weaknesses’ in U.S. AML program
TD Bank Chief Risk Officer Ajai Bambawale said “procedural weaknesses” in the institution’s U.S. anti-money laundering program allowed bad actors to exploit its network.