All Compliance Week articles in Web Issue – Page 1363
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PremiumTech think tank participants tackle TPRM, MDM, off-channel comms at CW2023
With new technology tools come risks that can’t be denied, a think tank comprised of senior compliance professionals discussed at Compliance Week’s 2023 National Conference.
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PremiumCW2023: Lessons still to be learned from Bernie Madoff scandal, author says
The Bernie Madoff scandal came to light 15 years ago, but lessons from the notorious Ponzi scheme are as fresh as ever, author Jim Campbell said during his fireside chat at Compliance Week’s 2023 National Conference.
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News BriefEx-Apple engineer charged with theft of trade secrets in DOJ sweep
A new strike force co-led by the Department of Justice and Commerce Department made an impact when charges against a former Apple engineer for theft and attempted theft of trade secrets were included as part of its first enforcement actions.
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ArticlePhoto gallery: Compliance Week National 2023
Nearly 500 attendees gathered at the JW Marriott in Washington, D.C. for Compliance Week’s 18th annual National Conference from May 15-17. Check out some of the sights from the event in our photo gallery.
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News BriefSEC proposal seeks risk stability for clearing agencies
The Securities and Exchange Commission proposed a package of rule changes designed to enhance the risk management responsibilities and resilience of covered clearing agencies.
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News BriefWells Fargo to pay $1B to settle suit over consent order noncompliance
Wells Fargo agreed to pay $1 billion to settle a class-action lawsuit filed by shareholders who claimed the bank overstated its progress in complying with regulatory orders related to its 2016 fake accounts scandal.
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News BriefPrecision Lens, owner ordered to pay $487M in false claims judgment
A judge affirmed more than $487 million in penalties and damages against Precision Lens and its owner after a jury found they filed tens of thousands of false claims to Medicare and violated the Anti-Kickback Statute.
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News BriefDeutsche Bank to pay $75M to settle Jeffrey Epstein sex trafficking suit
Deutsche Bank agreed to pay $75 million to settle a class-action lawsuit filed by sexual assault victims of Jeffrey Epstein.
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PremiumSurvey: Compliance tech priorities focused on TPRM in 2023
Respondents to a survey conducted by Compliance Week and FTI Consulting largely indicated third parties to be the most heightened area of risk to their businesses this year, with reporting and dashboarding and enhancing analytics capabilities among top priorities.
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News BriefMurad to pay $3.3M for ‘egregious’ Iran sanctions lapses
California-based cosmetics company Murad, a subsidiary of Unilever, agreed to pay $3.3 million as part of a settlement with the Office of Foreign Assets Control addressing apparent Iran sanctions violations over an eight-year period.
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Blog
Lacework recruits CISO from Twitter
Cloud security company Lacework announced the appointment of Lea Kissner as chief information security officer.
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News BriefFTC warns businesses to risk assess uses of biometric technologies
Businesses that make false or unsubstantiated claims regarding facial recognition and other biometric technologies could face enforcement from the Federal Trade Commission, the agency warned in a policy statement.
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PremiumFour takeaways from Senate hearings on SVB, Signature Bank failures
Leaders at Silicon Valley Bank, Signature Bank, and the regulators who seized their banks testified before Congress across separate hearings.
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Blog
Lincoln Financial appoints chief risk officer
Lincoln Financial Group announced the appointment of Andrew Rallis as executive vice president, chief risk officer.
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News BriefOpenAI CEO to Senate: AI could harm world without regs
It is a good idea to regulate artificial intelligence programs like ChatGPT, the chief executive officer of the popular chatbot’s developer told lawmakers.
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PremiumAsk a CCO: Compliance team role in TPRM
Six senior compliance practitioners describe how their team contributes to third-party risk management at their respective companies.
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News BriefMeta fined record $1.3B in GDPR data transfer ruling
The Irish Data Protection Commission announced a record penalty of €1.2 billion (U.S. $1.3 billion) against Meta regarding its transfers of user data from the European Union to the United States in violation of the General Data Protection Regulation.
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News BriefU.S. reinvigorates anti-Russia push with new sanctions, guidance
The United States once again ratcheted up sanctions against Russia in an attempt to further choke off the funds and military supplies the country is using in its war against Ukraine.
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News BriefDXC Technology self-reports possible Russian sanctions violations
DXC Technology Company disclosed it might have violated U.S. sanctions and export controls against Russia in its sale of a Russian subsidiary.
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PremiumAsk a CCO: Where has tech made biggest difference in TPRM efforts?
Six senior compliance practitioners explain the impact technological advances have had in streamlining third-party risk management efforts.