All Compliance Week articles in Web Issue – Page 1235
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Article
RPM, chief compliance officer to pay $2M for accounting violations
RPM International and its general counsel and chief compliance officer have agreed to a $2 million settlement with the SEC for accounting and disclosure rules violations relating to a prior DOJ investigation.
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ArticleRoisman to lead SEC transition as Clayton departs
Commissioner Elad Roisman will serve as acting chairman of the Securities and Exchange Commission while the agency heads for transition under the upcoming Biden administration.
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Article
Marquette adds former Harley-Davidson lawyer as general counsel
Marquette University announced the appointment of former Harley-Davidson Chief Legal Officer Paul Jones as vice president and general counsel, effective Jan. 4, 2021.
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Article
LPL Financial names chief accounting officer
LPL Financial, believed to be the largest independent broker-dealer in the United States, announced Brent Simonich has joined the firm as executive vice president, chief accounting officer and treasurer.
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Article
Cerberus Sentinel appoints chief compliance officer
Cyber-security consulting firm Cerberus Cyber Sentinel Corporation announced Baan Alsinawi has been named chief compliance officer.
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ArticleOFAC fines Saudi bank for Sudan/Syria sanctions violations
The Office of Foreign Assets Control announced a $650,000 settlement with a Saudi Arabian bank for apparent violations of sanctions against Sudan and Syria related to transactions that took place via the U.S. financial system.
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ArticleWhat’s your worth? Succeeding in compliance pay negotiations
Whether you are asking for a pay raise in your current role or negotiating compensation in a new role, executive coach Amii Barnard-Bahn offers tips to help ensure you are paid equitably for the work you do and value you bring to your organization.
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ArticleAssessing 2020: Lessons learned for the financial crime landscape
This year has been one most of us would like to forget. As we look toward 2021, nevertheless, it is worth considering lessons learned over the last 12 months and (where possible) drawing on any positives that have come to light regarding the financial crime landscape.
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ArticleRecordkeeping among a compliance officer’s greatest allies
Martin Woods writes how a recent case in the United Kingdom should remind us of the importance of our own communications and recordkeeping—especially during a time where it has perhaps never been more important.
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ArticleLearning from SolarWinds: Five steps to fortify your cloud supply chain
For most companies, supply chain risk management traditionally focuses on managing physical third-party risks. But what the SolarWinds cyber-attack revealed is the catastrophic havoc fourth and fifth parties can also wreak in the often-ignored cloud supply chain.
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ArticleBitGo fined $99K for digital currency sanctions violations
The Office of Foreign Assets Control announced an approximately $99,000 settlement with digital asset platform BitGo for lapses in its sanctions compliance procedures that led to 183 apparent violations of multiple sanctions programs.
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ArticleQ&A: New Hitachi CCO on elevating compliance at global level
David Karas was named the first-ever chief compliance officer for Hitachi in October. He caught up with Compliance Week to discuss the impetus to elevate compliance at the multinational conglomerate and what he hopes to accomplish in his new position.
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ArticleNew IAASB standards tackle audit quality management
The International Auditing and Assurance Standards Board has issued a trio of new and revised standards intended to strengthen and modernize the way audit firms on an international level approach quality management.
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ArticleTicketmaster fined $10M for unauthorized access of rival’s systems
Ticketmaster agreed to a $10 million criminal fine as part of a deferred prosecution agreement to resolve charges that it repeatedly accessed the computer systems of a competitor without authorization to illegally gather business intelligence.
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ArticleCFTC’s foray into FCPA enforcement creates new risk factors
The CFTC’s recent fine ladled onto a DOJ investigation into foreign corrupt practices by Swiss energy trader Vitol S.A. should force companies with any exposure in the commodities market to reexamine their risk profiles, experts say.
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ArticleOFAC fines French bank UBAF $8.6M for Syria-related sanctions violations
The Office of Foreign Assets Control settled with a French bank for processing payments on behalf of sanctioned Syrian financial institutions that were followed by corresponding funds transfers through the U.S. financial system.
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ArticleArgos USA to pay $20M in price-fixing scheme
Argos USA agreed to pay a $20 million criminal penalty to resolve DOJ charges of conspiracy to fix prices, rig bids, and allocate markets for sales of ready-mix concrete.
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ArticleDefense bill empowers SEC in seeking return of profits from fraud
The ability of the SEC to pursue the return of profits earned in fraudulent schemes has been strengthened as part of Congress’ passage of the National Defense Authorization Act for Fiscal Year 2021.
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Article
OFAC targets Iran metals sector with new sanctions
The Department of the Treasury’s Office of Foreign Assets Control designated more than a dozen new sanctions aimed to impact the revenue production of the Iranian metals sector.
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ArticleBiden picks Merrick Garland for AG
Merrick Garland, a federal appeals court judge whose 2016 Supreme Court nomination was thwarted by Senate Republicans, has been tapped to become U.S. attorney general by President-elect Joe Biden.