All Compliance Week articles in Web Issue – Page 1238
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ArticleExcellus Health Plan fined $5.1M for 2015 data breach
The U.S. Department of Health and Human Services’ Office for Civil Rights fined Excellus Health Plan $5.1 million for failures relating to a 2015 data breach that exposed the personal information of 9.3 million individuals.
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ArticlePsychology of compliance: Counteracting bias in technology
Counteracting bias is part of the compliance officer job description, and now more than ever is it important for that duty to extend to new business technologies being implemented.
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ArticleSamsung heir Jay Lee returns to prison for bribery scandal
Jay Lee, the heir and de facto leader of family-owned conglomerate Samsung, was sentenced to prison for 2 1/2 years in a retrial regarding his role in a bribery scandal involving the former president of South Korea.
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ArticleParting gift: New Trump sanctions against China complex for compliance
A November executive order by former President Donald Trump banning U.S. investment in companies with ties to the Chinese military has proven difficult for compliance officers to navigate after taking effect earlier this month.
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Article
Morrison & Foerster partners assume DOJ leadership roles
Morrison & Foerster Partners John Carlin (acting deputy attorney general) and David Newman (associate deputy attorney general) have been named to “Day One” Department of Justice leadership roles.
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VideoVideo: Did Capital One get off easy with $390M AML fine?
Kyle Brasseur explains how Capital One’s $390 million civil penalty for anti-money laundering failures could have been much steeper had it not been for the bank’s significant remediation efforts.
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ArticleAllison Herren Lee takes over as SEC acting chair
Commissioner Allison Herren Lee has assumed the role of acting chair at the Securities and Exchange Commission while President Joe Biden’s nomination to lead the agency, Gary Gensler, awaits Senate confirmation.
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ResourceWhite paper: Advancing diversity and inclusion in the compliance world
Four in 10 compliance professionals have experienced discrimination in the workplace at some point during their career, according to a recent survey by the International Compliance Association.
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ArticleBiden taps Rostin Behnam as acting CFTC chair
The commissioners of the Commodity Futures Trading Commission unanimously elected Democrat Rostin Behnam to serve as the agency’s acting chairman.
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ArticleThree best practices for handling GDPR and CCPA ‘right of access’ requests
A panel discussion on a recent Webcast analyzed common data subject access request compliance challenges, as well as leading practices designed to best comply with the EU’s GDPR and the CCPA in the United States.
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Article
NBA’s Charlotte Hornets add general counsel
The Charlotte Hornets of the National Basketball Association announced the addition of Tamara Daniels as senior vice president and general counsel.
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ArticleSpanish DPA fines CaixaBank record $7.3M under GDPR
Spain’s data protection authority recently fined CaixaBank €6 million (U.S. $7.3 million) for misuse of customer data, the largest GDPR fine the country has handed out.
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Article
Tenneco names general counsel
Automotive components manufacturer Tenneco announced Thomas Sabatino will join the company in the role of executive vice president, general counsel and corporate secretary.
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Article
Fannie Mae transitions board member to chief risk officer
Mortgage lender Fannie Mae announced Ryan Zanin is joining the company as executive vice president and chief risk officer, effective Feb. 1. Zanin is currently a member of Fannie Mae’s board of directors.
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ArticleSurvey: KYC, risk profiling key problem areas for finance amid pandemic
A new survey by LexisNexis Risk Solutions examines the rising costs and emerging risk areas faced by compliance at U.S. and Canadian financial institutions amid the coronavirus pandemic.
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ArticleDisney appoints Alicia Schwarz as new chief compliance officer
The Walt Disney Company has promoted Alicia Schwarz to senior vice president and chief compliance officer.
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ResourceWhite paper: Reducing Cyber Risk for the Financial Service Industry
The financial services industry is a leading target for cyber criminals because there’s more than one way one way to profit from an attack.
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ArticleFinCEN again extends comment period for controversial crypto AML rules
The Financial Crimes Enforcement Network for a second time has extended the comment period for portions of its proposed AML rules aimed at peeling back the anonymity of certain kinds of cryptocurrency transactions.
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ArticleNorwegian DPA warns Grindr of $11.7M GDPR fine
Norway’s data privacy watchdog issued gay dating app Grindr with a notice of intention to fine it NOK 100 million (U.S. $11.7 million) for sharing personal data with third parties without users’ consent.
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ResourceLease Accounting Solution Transition (LAST) Planner
Did you rush to meet lease accounting requirements (ASC 842, IFRS 16) in time for the compliance deadline? You’re not alone.