All Compliance Week articles in Web Issue – Page 1214
-
ArticleWells Fargo must do more than pay to redeem fake account scandal
Wells Fargo is now operating under a different regime, but what have the billions of dollars the bank has spent in attending to the compliance failures that arose out of its fake account scandal delivered? Not enough, posits Martin Woods.
-
Resourcee-Book: Data privacy back in the spotlight
With the California Consumer Privacy Act enforcement deadline finally upon us, data privacy concerns are once again a focus of U.S. corporations.
-
Article
Crenshaw, Peirce sworn in as SEC commissioners
The Securities and Exchange Commission has a female majority board with the swearing in of Commissioners Caroline Crenshaw and Hester Peirce.
-
ArticleReport: Trading activity by German regs spiked ahead of Wirecard collapse
Staff members of Germany’s financial regulator, BaFin, were reportedly buying and selling Wirecard shares at a suspiciously higher rate leading up to the collapse of the FinTech firm.
-
ArticleOracle, Salesforce targeted in class-action GDPR lawsuits
A European privacy group is pursuing multiple class-action lawsuits against Oracle and Salesforce for alleged violations of the EU’s General Data Protection Regulation, estimating damages sought could exceed €10 billion (U.S. $11.9 billion).
-
ArticleHat tip to HSBC for stopping money laundering, saving lives
If you’re in search of proof that what you do matters, look no further than the AML efforts of HSBC in preventing $500 million from reaching the bank accounts of criminals, writes Martin Woods.
-
ArticleDaimler projects over $2B to resolve U.S. emission cheating allegations
Daimler AG, the parent company of car maker Mercedes-Benz, predicts it will spend over $2 billion to settle emission tampering allegations by U.S. regulators and a related class-action lawsuit.
-
Article
Analysis: What to make of the DOJ’s rare FCPA opinion
The Department of Justice last week issued its first FCPA opinion procedure in six years. Experts weigh in on the ruling, the gap between opinions, and more.
-
Resourcee-Book: Artificial intelligence: Risks and benefits for compliance
Artificial Intelligence (AI) tools are being deployed in numerous areas by financial institutions and broker-dealer firms.
-
Article
Carnival discloses ransomware attack
Carnival Corp., already hit with a complete halt of business since April due to the coronavirus pandemic, is the latest major company to reveal the discovery of a ransomware attack.
-
ArticleTrump’s TikTok crusade a hollow win for privacy
There’s no questioning the need to protect the data of U.S. citizens from China, but it’s naïve to think pressuring TikTok to take up a U.S. owner is anything more than a hollow victory given our lack of federal oversight in the area of privacy.
-
ArticleScotiabank to pay $127.4M for commodities scheme, compliance failures
The Bank of Nova Scotia will pay $127.4 million in total penalties in resolutions with the Justice Department and the CFTC for its role in a massive price-manipulation scheme in the precious metals futures contracts markets.
-
ArticleSEC names Berger deputy director of Enforcement
The Securities and Exchange Commission named Marc Berger deputy director of the Division of Enforcement, also promoting Richard Best to take over for Berger as director of the New York Regional Office.
-
ArticleEU privacy advocate targets Facebook, Google in latest salvo
Privacy campaign group NOYB has filed complaints against 101 websites with European operators that it says are still sending data to the U.S. via Google and/or Facebook integrations—potentially in breach of the EU’s strict data privacy rules.
-
SponsoredSCCE’s Virtual Compliance & Ethics Institute
Hear from industry pros on emerging trends & hot topics with 100+ sessions to choose from & lower pricing available.
-
ArticleHow far is too far with employee monitoring? Barclays case could offer litmus
The U.K. Information Commissioner’s Office is investigating allegations that Barclays Bank had effectively been spying on employees by using an intrusive software system that monitored workers’ activity.
-
Article‘I don’t know’ is among a compliance officer’s strongest statements
Martin Woods explains how saying “I don’t know” helped him to learn and elicit the truth during his time as a financial crime compliance officer.
-
ArticleJury’s out on Wells Fargo compliance moves; Twitter #fail for Irish DPC
While it’s not yet clear whether Wells Fargo’s compliance moves (including the loss of its CCO) will pay off, we’re much more certain about the Irish Data Protection Commission’s stance on a potential Twitter fine.
-
ArticleJohn Carreyrou at TPRM: How to spot a wolf in Steve Jobs’ clothing
John Carreyrou, the Wall Street Journal reporter who exposed Theranos and its founder Elizabeth Holmes as frauds, will be the keynote speaker on Day 2 of Compliance Week’s TPRM virtual conference Sept. 18.
-
Article
Uber’s former security chief charged in data breach cover-up
Uber’s former security chief has been charged in connection with an alleged cover-up of a 2016 data breach that compromised millions of people’s personally identifiable information.