All Compliance Week articles in Web Issue – Page 1223
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Article
Vertiv names chief accounting officer
Vertiv Holdings, a global provider of critical digital infrastructure and continuity solutions, announced the appointment of Scott Cripps as chief accounting officer.
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Article
Bacardi replaces longtime general counsel
Bacardi Limited announced the appointment of Todd Grice as senior vice president and general counsel to replace the retiring Eduardo Sanchez, who served in those positions for 17 years.
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Article
American Oncology Network tabs corporate compliance officer
American Oncology Network announced the appointment of Kristin Matisziw as corporate compliance officer.
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ExxonMobil general counsel to retire
Randall Ebner, vice president and general counsel for Exxon Mobil Corp., announced his retirement, effective Nov. 1. The ExxonMobil board of directors has elected Deputy General Counsel Craig Morford as his replacement.
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Article
Barclays appoints group chief risk officer
Barclays announced the appointment of Taalib Shaah as group chief risk officer, subject to regulatory approvals.
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ArticleHertz CFO turnover continues with new appointment
Car rental service Hertz Global Holdings announced Kenny Cheung assumed the role of chief financial officer after R. Eric Esper resigned from the job one month in.
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ArticleCitigroup adds chief accounting officer
Financial services giant Citigroup announced the appointment of Johnbull Okpara as controller and chief accounting officer, effective later this year.
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ArticleDeloitte: Top-of-mind challenges for Q3 financial reporting
A new report from Deloitte highlights third-quarter financial reporting and accounting challenges that should be top of mind as the coronavirus pandemic continues with no end in sight.
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ArticleClimate-related risk disclosures reach global boiling point
From local governments around the world to U.S. regulators to activist investors, the debate over corporate climate-related risk disclosures is approaching a boiling point.
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ArticleMandate COVID-19 vaccines for all employees? Like everything, it’s complicated
So you want to mandate that all of your company’s employees get the coronavirus vaccine, once it’s available? Such a requirement is legal, but there are a host of considerations that might make it impractical, employment experts say.
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ArticleFINMA orders Banca Credinvest to improve AML measures
The Swiss Financial Market Supervisory Authority found Banca Credinvest “seriously breached” anti-money laundering regulations with regard to dealings with PDVSA in Venezuela.
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ArticleIncreased award volume breathes new life into SEC whistleblower program
The record amount of whistleblower payouts by the SEC in fiscal year 2020 ($175M) happened because the agency made quickening the pace of awards a priority, whistleblower advocates say.
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Article
GE facing potential SEC action over accounting issues
General Electric revealed in a regulatory filing that it is facing a civil injunctive action from the Securities and Exchange Commission regarding accounting issues tied to its legacy insurance portfolio.
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ArticleCFTC announces record enforcement year—and departure of enforcement head
On the same day the CFTC celebrated a record-breaking 113 enforcement actions in fiscal year 2020, the agency also announced the impending departure of Enforcement Director James McDonald.
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ArticleDon’t forget to tell your teams they’re doing a good job
With no personal contact with your team members, it can be easy to forget to remind them from time to time that they’re appreciated, to give them a lift during these troubling times. It will pay off both for them and for you, writes Martin Woods.
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Article
World Bank debars Kalpataru Power Transmission for fraud
The World Bank announced the debarment of India-based Kalpataru Power Transmission for 12 months and one day for fraudulent practices connected to power development projects in the Democratic Republic of the Congo and Egypt.
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ArticleCitigroup fined $400M for compliance, risk management failures
Federal banking regulators fined Citigroup $400 million for failing to address “significant” risk and compliance failures.
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ArticleU.S. agencies get nod for using data, smart incentives in enforcement
Both the CFTC and CFPB “Nailed It” this week while corporate heavyweight General Electric found itself in more trouble.
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ArticleOCC fines Morgan Stanley $60M for data inventory risk failures
Morgan Stanley has agreed to pay $60 million as part of a settlement with the OCC for failing to adequately protect customer data when the bank decommissioned two U.S.-based wealth management data centers.
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ArticleSAExploration accused of $100M accounting fraud
SAExploration Holdings has been accused by the SEC of perpetrating a $100 million accounting fraud that involved routing payments through shell companies so it appeared to be legitimate revenue.