All Compliance Week articles in Web Issue – Page 1239
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Article
SEC charges Vuuzle Media with $14M securities fraud
The Securities and Exchange Commission charged streaming service Vuuzle Media Corp. and its founder with fraudulently offering over $14 million in securities via a boiler room scheme.
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ArticleSpain, Italy setting new standard for GDPR enforcement
While big fines against big companies make headlines, Spain and Italy have flown under the radar as two of the most frequent enforcers of the GDPR, instead primarily focusing on smaller penalties. Might other countries follow suit?
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ArticleA risk management perspective on GameStop stock surge
Actions taken by Robinhood and TD Ameritrade amid the crazy GameStop stock surge can be understood from the perspective of risk management, but who’s watching out for the retail investors? That’s where the real risks lie.
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ArticleCompliance lessons from GameStop market insanity
Wall Street has been consumed this week watching a real-time battle unfold between retail investors and hedge funds over formerly moribund stocks like GameStop, AMC Entertainment, and BlackBerry. The compliance lessons lie in the levels of risk.
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VideoVideo: Thumbs-down to all parties in GameStop madness
While Kyle Brasseur gives Data Privacy Day the shout-out it deserves, Dave Lefort explains why retail investors, the apps they use, and regulators all “Failed It” in the GameStop stock market craze.
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ArticleTransparency International index: Pandemic tests anti-corruption efforts
Corrupt activity bolstered by the coronavirus pandemic features heavily in the findings of Transparency International’s 2020 Corruption Perceptions Index, with even some of the highest-scoring countries having their share of challenges.
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Article
Athenahealth settles kickback case for $18.25M
The Department of Justice announced an $18.25 million settlement with electronic health records technology vendor athenahealth for allegedly paying unlawful kickbacks to generate sales.
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ArticleFacebook names Henry Moniz as first-ever chief compliance officer
Facebook has hired Henry Moniz, executive vice president and chief compliance officer at ViacomCBS, to be the social media giant’s first-ever CCO.
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ArticleIncoming IIA chief Anthony Pugliese to prioritize technology, D&I
Compliance Week caught up with Anthony Pugliese, the incoming president and chief executive officer of the Institute of Internal Auditors, to discuss his plans for the future of the IIA and the internal audit profession at large.
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ArticleH.B. Fuller avoids fine in OFAC Iran sanctions probe
Adhesive manufacturing company H.B. Fuller said in a regulatory filing it received a “cautionary letter” from the Office of Foreign Assets Control concerning possible economic sanctions dealings in Iran.
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ArticleMore Wirecard fallout: Top brass out at German finance regulator
Continuing fallout from the Wirecard scandal has led Germany’s finance minister to oust the top two officials at the country’s financial regulator, the Federal Financial Supervisory Authority (BaFin).
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ArticleNew SEC senior advisor will specialize in climate change, ESG
The acting chair of the Securities and Exchange Commission has created a new senior policy advisor position on climate change and ESG, another signal the agency will prioritize both areas under a Biden administration.
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ResourceWhite paper: BSA/AML Compliance: A Growing Consensus for Change
Serving a vital purpose for the U.S. financial system, the Bank Secrecy Act (BSA) protects its individual members from being used to finance illegal activity. But at 50 years old, its ability to achieve that purpose has not kept pace with an ever-evolving world, as the law remains largely unchanged ...
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Article
Cherry Creek Mortgage tabs chief compliance officer
Cherry Creek Mortgage announced Tara Healy has been promoted to chief compliance officer. Healy had been vice president of compliance.
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Article
Sinclair hires first chief compliance officer
Media conglomerate Sinclair Broadcast Group announced the hiring of Jeffrey Lewis as its first chief compliance officer.
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Article
Sallie Mae names chief risk and compliance officer
Education loan provider Sallie Mae announced the appointment of Kerri Palmer as chief risk and compliance officer. Palmer joins Sallie Mae from Capital One, where she served as senior vice president of risk management.
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Article
PepsiCo promotes compliance and ethics chief to general counsel
Food and beverage giant PepsiCo announced David Flavell has been appointed EVP, general counsel and corporate secretary.
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ArticleRecently penalized USAA adds chief risk officer
USAA announced the appointment of Neeraj Singh as chief risk officer nearly four months after its federal savings bank was fined $85 million by the OCC for compliance risk management failures.
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ArticleFDIC fines Apple Bank $12.5M for AML compliance failures
The Federal Deposit Insurance Corporation has fined Apple Bank for Savings $12.5 million for violations of the Bank Secrecy Act related to anti-money laundering controls.
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ResourceWhite paper: Digital Transformation & Cyber Risk: What You Need to Know to Stay Safe
CyberGRX and Ponemon Institute surveyed 581 IT security and 302 C-suite executives to determine what impact digital transformation is having on cybersecurity and how prepared organizations are to deal with that impact.