All Compliance Week articles in Web Issue – Page 125
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Article
Ex-Iconix CEO found guilty of accounting fraud
Neil Cole, the former CEO of Iconix Brand Group, faces possible jail time after his conviction of fraudulently inflating the brand management company’s revenue and misleading investors and auditors.
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Article
Danish financial regulator refers Jyske Bank to police for AML violations
The Danish Financial Supervisory Authority reported Jyske Bank to Danish police for allegedly violating the country’s anti-money laundering law regarding its customer due diligence measures.
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Article
Experts: AML efforts dealt blow by CJEU beneficial ownership ruling
Determining the true owner of a company might become more difficult after Europe’s top court ruled automatic access to registers of beneficial ownership conflicted with the right to privacy.
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Article
Diebold Nixdorf promotes CECO to chief people officer
Retail technology company Diebold Nixdorf announced Chief Ethics and Compliance Officer Elizabeth Radigan has been appointed executive vice president and chief people officer.
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Article
DOJ seeking Rennova Health return pandemic relief funds
The Department of Justice requested Rennova Health repay Covid-19 relief funds it received in 2020 as part of a whistleblower lawsuit against the healthcare services provider alleging ineligible use of the money.
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Article
Kraken to pay $362K over Iran sanctions screening lapses
Virtual currency exchange Kraken will pay a fine of approximately $362,159 to settle charges it violated U.S. sanctions against Iran, according to the Treasury Department’s Office of Foreign Assets Control.
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Article
Meta fined $274M under GDPR for data scraping breach
Meta Platforms Ireland was fined €265 million (U.S. $274 million) for failing to put in place adequate measures to protect users’ data after a leak compromised the personal details of more than half a billion individuals.
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Article
Regs order Citi to address unresolved data management woes
Citigroup has successfully resolved key compliance shortcomings identified as part of a 2020 enforcement action but still has work to do to address data management weaknesses, according to federal banking regulators.
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Article
SBI Card chief risk officer resigns
SBI Cards and Payment Services announced Aparna Kuppuswamy will resign as chief risk officer.
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Article
Scottish FA names compliance officer
The Scottish Football Association announced the appointment of Martin Black as compliance officer.
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Article
Goldman Sachs unit fined $4M for ESG investment lapses
Goldman Sachs Asset Management agreed to pay $4 million to settle SEC charges it failed to follow its own policies and procedures regarding a trio of investment products marketed for their environmental, social, and governance considerations.
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Article
Unisys: Probe identified ‘material weaknesses’ in disclosure controls
IT services company Unisys Corp. revealed the discovery of faults in its internal control over financial reporting, including involving its compliance functions, following an internal investigation it first disclosed earlier this month.
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Article
Privacy advocate sues Meta over targeted ad GDPR violation claims
A privacy and human rights advocate sued Meta Platforms in the United Kingdom, claiming the social media giant is refusing her request to stop being targeted with advertising based on her use of Facebook.
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Article
Papa John’s brings back former VP as diversity chief
Pizza restaurant chain Papa John’s International announced the appointment of Elias Reyna as its chief people and diversity officer.
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Article
Ex-BP trader’s failed whistleblower claim to raise U.K. reporting bar?
A U.K. employment tribunal’s ruling that a former BP employee was not entitled to whistleblower protection has shone a spotlight on the legal issues workers must consider ahead of speaking up.
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Article
Regulatory independence vital in U.K.’s fight against fraud
To do their jobs properly, regulators must be able to act independently and without government intervention. Rather than seeking to tighten its grip on regulators, the U.K. government should be safeguarding their independence as a matter of urgent priority.
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Article
Elizabeth Holmes sentenced to 11-plus years in prison
Theranos Founder Elizabeth Holmes was sentenced to more than 11 years in prison Friday after being convicted of fraud earlier this year for her actions as head of the defunct blood-testing company.
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Article
Dollar Tree fills compliance, diversity, sustainability officer roles
Discount retailer Dollar Tree announced the appointments of three different executives to lead its compliance (Jennifer Bohaty), diversity (Terence Goods), and sustainability (Jennifer Silberman) efforts.
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Article
Dassault Systemes names chief sustainability officer
French software corporation Dassault Systèmes announced the appointment of Philippine de T’Serclaes as chief sustainability officer.