All Compliance Week articles in Web Issue – Page 1278
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Article
State Street names chief risk officer
Global financial services company State Street Corp. has named Brad Hu chief risk officer, effective Jan. 1, 2022.
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Article
FTC marks revived ‘prior approval’ merger stance with proposed limits on DaVita
The Federal Trade Commission proposed 10-year acquisition restrictions on dialysis service provider DaVita under the agency’s newly reinstated “prior approval” policy aimed at curbing anticompetitive mergers.
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ArticleEY report: Fortune 100 companies boost audit transparency, including on ESG
Many Fortune 100 companies continue to enhance their transparency about how their audit committees are executing their core responsibilities, according to the EY Center for Board Matters’ 10th annual review of voluntary proxy statement disclosures.
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Article
ICA to explore impact of ransomware on financial crime compliance
The International Compliance Association will explore the impact of ransomware on financial crime compliance on Nov. 16 as part of a free webinar.
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Article
Swedbank: Swedish enforcement agency closes market abuse probe
Swedbank said it has been notified by the Swedish Financial Supervisory Authority that an investigation by the regulator concerning suspected market abuse by the bank has been closed “with no remark.”
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ArticleOCC orders Cenlar to address risk management issues
The OCC has ordered the country’s largest mortgage subservicer, Cenlar FSB, to address chronic risk management deficiencies the agency alleges have led to “unsafe and unsound practices.”
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ArticleFive strategies for reducing tariff costs in the global supply chain
Recent events beyond the pandemic have global supply chains responding to a whole new compliance regulatory landscape. A panel of experts at a recent industry event explain where to look for potential cost savings.
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ArticleIAPP report: Privacy spend rising, with further growth expected
Corporate spending on managing privacy risks has risen significantly since last year, with 6 of 10 privacy professionals believing budgets will continue to increase over the coming year, according to the latest IAPP survey.
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Resourcee-Book: What whistleblowers want compliance officers to know
A five-part series from Compliance Week and SAI360 chronicles the experience of whistleblowers—and what CCOs can learn from their stories.
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ArticleFRC reporting review: COVID-19 disclosures lacking, new climate-related mandates
In its annual review of corporate reporting, the U.K. Financial Reporting Council found companies are struggling to provide stakeholders with enough detail about COVID-19 disruptions. The regulator also announced new requirements for climate-related disclosures.
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Article
SEC: Akazoo to pay $38.8M in fraud case concerning SPAC merger
Akazoo, a music streaming subscription company based in Greece, reached a $38.8 million settlement with the SEC for allegedly defrauding investors out of tens of millions of dollars related to a 2019 SPAC merger.
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Article
OANDA appoints general counsel
Multi-asset trading services company OANDA has appointed Lisa Shemie as general counsel and corporate secretary.
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Article
KBR names general counsel
Technology and engineering solutions firm KBR has named Sonia Galindo executive vice president and general counsel.
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Article
TrueAccord tabs chief compliance officer
Digital debt collector TrueAccord Corp. announced the appointment of Kelly Knepper-Stephens as chief compliance officer and general counsel.
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Article
Linklaters appoints general counsel
Law firm Linklaters has appointed Michael Bennett as general counsel.
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Article
Renamed Wells Fargo unit Allspring Global Investments hires chief compliance officer
Asset management firm Allspring Global Investments, the upcoming new name for what used to be Wells Fargo Asset Management, has hired Chris Baker as chief compliance officer, effective January 2022.
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ArticleEx-Walmart CECO joins McKinsey as chief compliance officer
Daniel Trujillo, the former executive vice president and global chief ethics and compliance officer at Walmart, announced his joining management consulting firm McKinsey & Co. as chief compliance officer.
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ArticleRohit Chopra-led CFPB cracking down early on data, automation
Rohit Chopra has led the Consumer Financial Protection Bureau for less than a month, but one area of examination and enforcement priority is already coming into focus: data.
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ArticleFICC fined $8M for failing to monitor, vet liquidity of transactions
The Fixed Income Clearing Corporation, the clearing agency for all U.S. government securities, agreed to an $8 million settlement with the SEC for failing to adequately monitor its liquidity arrangements.
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ArticleFASB update addresses revenue recognition in business combinations
The Financial Accounting Standards Board announced an update to its business combinations standard aimed at clarifying how to apply requirements under its revenue recognition rule.