All Compliance Week articles in Web Issue – Page 1345
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Blog
CVS Health appoints chief DEI officer
CVS Health announced the appointment of Shari Slate as senior vice president and chief diversity, equity, and inclusion officer.
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News BriefFalse Claims Act settlements net lower return in FY2022
Penalties assessed for violations of the False Claims Act topped $2.2 billion during fiscal year 2022, less than half the mark the Department of Justice reached the previous year.
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ResourceSurvey Report: Top TPRM priorities in 2023
Respondents to a survey from Compliance Week and Dun & Bradstreet overwhelmingly indicated cybersecurity to be the most important compliance-related area affecting third-party risk management in the new year, though fraud and other risks should still be on their radar.
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Blog
American Water Works names chief DEI officer
American Water Works Company announced the appointment of Lori Sutton as chief diversity, equity, and inclusion officer.
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Blog
New York Life promotes managing director to chief diversity officer
Mutual fund insurer New York Life announced the promotion of Managing Director Jomil Guerrero to chief diversity officer.
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PremiumSFO’s Balli Steel win latest to leverage international cooperation
The Serious Fraud Office secured the convictions of two executives at failed British steel trading business Balli Steel on six counts of fraud. Legal experts examine whether “record-breaking” international cooperation in the case served as a crutch for the U.K. regulator.
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Blog
Avantax appoints chief compliance officer
Avantax, a tax consulting service, announced the appointment of Melissa Loner as vice president and chief compliance officer.
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News BriefSociete Generale says SEC probing employee off-channel comms
French bank Société Générale is the latest financial institution to be swept up in U.S. regulators’ crackdown on the use of personal cellphones and private apps by employees to conduct official business.
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News BriefSens press telehealth firms on alleged sharing of patient data for ads
A bipartisan group of senators is leaning on three telehealth firms accused of tracking and sharing patients’ sensitive personal information with advertising platforms like Google and Facebook.
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News BriefKraken to pay $30M for unregistered crypto ‘staking’ product
The Securities and Exchange Commission slapped $30 million in penalties and fees on cryptocurrency exchange Kraken, part of the agency’s ongoing pushback against unregistered crypto products.
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News BriefBanking regs set 2023 stress test scenarios
Banking regulators unveiled new stress test requirements for the largest financial institutions, including a series of hypothetical global market shocks six banks will be required to face.
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Blog
TuSimple promotes deputy GC to general counsel
Autonomous driving technology company TuSimple announced the promotion of Deputy General Counsel and Corporate Secretary Evan Dunn to general counsel.
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Blog
POSaBIT appoints chief compliance officer
POSaBIT Systems Corp., a financial technology company serving the cannabis industry, announced the appointment of Sarah Mirsky-Terranova as chief compliance officer.
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Blog
FairPrice Group names first chief sustainability officer
Singapore-based grocery chain FairPrice Group announced the appointment of Chan Tee Seng as its first chief sustainability officer.
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News BriefCPPA seeking comment on cybersecurity audit, risk assessment rule adds
The California Privacy Protection Agency is seeking comment on privacy rules requiring certain large businesses to conduct annual cybersecurity audits and risk assessments if the state believes they are placing consumer data at risk.
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News BriefReport: FCA probing Barclays over AML controls
Barclays Bank is reportedly being investigated by the U.K. Financial Conduct Authority for failures regarding its anti-money laundering procedures and controls.
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News BriefJudge rules against adding compliance monitor in Boeing DPA
A federal judge in Texas ruled against a request by the families of those killed in two Boeing 737 MAX crashes to alter the terms of a 2021 deferred prosecution agreement between the company and the Department of Justice to add an independent compliance monitor.
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Blog
Zendesk recruits compliance head from Snap
Hemma Lomax, the former senior corporate counsel of integrity and compliance at Snap, announced she will be departing the social media company to head compliance at Zendesk.
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PremiumComerica pressured over handling of government program fraud claims
Comerica Bank has been battling allegations for years of mishandled fraudulent transactions in violation of U.S. federal banking laws. A series of class-action lawsuits against the bank recently certified by a federal district court judge provide scope into the alleged failings.
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Blog
Catalent appoints general counsel, chief compliance officer
Catalent, a pharmaceuticals manufacturer and consumer health products company, announced the appointment of Joseph Ferraro as senior vice president, general counsel, chief compliance officer, and secretary.