All Compliance Week articles in Web Issue – Page 1357
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PremiumHow to avoid pitfalls of scaling business with generative AI
Generative AI has the potential to be as game-changing for business and society as the internet, social media, and mobile phones were. At the moment, however, the risks seem to outweigh the rewards.
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Blog
Newpark Resources promotes deputy GC to general counsel, CCO
Oil and gas company Newpark Resources announced the promotion of Deputy General Counsel and Assistant Corporate Secretary M. Celeste Frugé to general counsel and chief compliance officer.
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Blog
Lowe’s appoints chief legal officer
Retailer Lowe’s Companies announced the appointment of Juliette Pryor as executive vice president, chief legal officer and corporate secretary.
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Blog
Dextra Partners names general counsel, chief compliance officer
Private equity firm Dextra Partners announced the hiring of Lorne Smith as general counsel and chief compliance officer.
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Blog
Cenlar FSB appoints chief compliance officer
Mortgage loan subservicer Cenlar FSB announced the appointment of Marlon Groen as chief compliance officer.
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Blog
Mather Group names chief compliance officer
Wealth management firm The Mather Group announced the appointment of Stuart Evans as chief compliance officer.
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PremiumWyelands Bank case warrants extra scrutiny post-SVB collapse
The details of the Prudential Regulation Authority’s case against Wyelands Bank and the business coming from the group of companies that owned it raise questions about the risks such exposure causes to financial institutions, their customers, and the sector at large.
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News BriefSEC commissioner calls out pitfalls in regulators’ structured data efforts
SEC Commissioner Hester Peirce warned about “potential pitfalls” with structured data, which regulators and lawmakers have embraced as a way to make data accessible and easy to use.
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News BriefFormer Celadon COO, CFO settle SEC accounting fraud charges for $50K
Two former executives of trucking company Celadon Group each agreed to pay $50,000 to settle charges levied by the Securities and Exchange Commission they engaged in accounting fraud to inflate the company’s earnings.
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News Brief
Infinity Q founder sentenced to 15 years for fraud scheme
The former chief investment officer and founder of investment adviser Infinity Q Capital Management was sentenced to 15 years in prison and ordered to forfeit $22 million for artificially inflating the values of certain derivatives to defraud investors.
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News BriefFDIC vice chair: Access to data, employees slowed sale of SVB
The collapse of Silicon Valley Bank highlighted for the Federal Deposit Insurance Corporation some of the impediments to a quick bank sale, including failing to provide rapid access to quality financial data and lists of key employees.
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News BriefKPMG fined $1.1M for admitted deficiencies in Luceco audit
Big Four audit firm KPMG and one of its former directors were disciplined by the U.K. Financial Reporting Council regarding eight admitted breaches of relevant requirements in their fiscal year 2016 work at lighting and wiring product distributor Luceco.
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Blog
Aon recruits ex-Goldman Sachs CCO for board of directors
Financial services provider Aon announced the appointment of former Goldman Sachs Chief Compliance Officer Sarah Smith to its board of directors.
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News BriefOFAC sanctions International Investment Bank over Russian ties
The International Investment Bank, a multinational development institution headquartered in Hungary, was designated by the Office of Foreign Assets Control for potentially facilitating the evasion of U.S. sanctions against Russia.
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News BriefEDPB task force latest scrutinizing ChatGPT, AI accountability
The European Data Protection Board is the latest regulatory body assessing the applicability of ChatGPT amid skyrocketing data privacy concerns regarding the popular artificial intelligence platform.
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OpinionBBC-Gary Lineker controversy a lesson in employee social media supervision
The BBC’s widely criticized suspension of soccer commentator Gary Lineker for remarks he made on Twitter should prompt employers to reconsider whether they have the right to discipline employees or contractors for what they do outside of the work environment.
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Blog
Wedbush Securities appoints chief compliance officer
Financial services company Wedbush Securities announced the appointment of Matt Lisle to chief compliance officer of its futures division.
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Blog
Temple University names chief compliance officer
Temple University announced the appointment of Susan Smith, who served as interim chief compliance officer since January, as CCO.
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Blog
Eiger appoints general counsel, chief compliance officer
Eiger BioPharmaceuticals announced the appointment of James Vollins as general counsel, chief compliance officer, and corporate secretary.
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News BriefAdobe to pay $3M over government kickback allegations
Adobe agreed to pay $3 million to settle allegations it paid kickbacks in an attempt to win more software purchase orders from the federal government.