All Compliance Week articles in Web Issue – Page 1373
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News BriefFed fines Deutsche Bank $186M over historic sanctions, AML lapses
The Federal Reserve Board fined Deutsche Bank $186 million regarding violations of previous consent orders addressing alleged sanctions and anti-money laundering weaknesses and control failures relating to the bank’s relationship with Danske Estonia.
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News BriefDOJ, FTC highlight core guidelines in draft merger guidance
New draft merger guidance put forward by the Department of Justice and Federal Trade Commission continues the agencies’ joint mission to modernize antitrust enforcement.
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WebcastWebcast: Flywheel effect of unified ESG, audit and risk, and financial reporting
Hear from experts about unifying financial reporting, ESG, and audit and why the sum of the whole is greater than the sum of its parts.
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News BriefGerman regulator extends AML order at N26
Germany’s market regulator BaFin announced the extension of mandates it ordered at mobile bank N26 in 2021 to require the bank to address observed weaknesses in its anti-money laundering controls.
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News BriefSFO admits staffing challenges in annual report
Recruitment and retention are among the biggest issues facing the U.K. Serious Fraud Office as the agency gets set for a new director to take the reins.
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PremiumSurvey: U.S. bank failures prompt reassessment of third-party risks
Nearly half the respondents to a Compliance Week and Riskonnect survey regarding the recent U.S. banking crisis said they changed or considered changing their third-party risk management procedures as a result of the turmoil.
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PremiumBiden cyber strategy plan calls for big businesses to step up
The “biggest, most capable, and best-positioned” businesses must assume a greater share of mitigating cyber risks, the White House said in announcing the National Cybersecurity Strategy Implementation Plan.
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Blog
Bramshill Investments tabs chief risk officer
Asset management firm Bramshill Investments announced the appointment of Nicolas Amato as chief risk officer.
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Blog
RenaissanceRe appoints chief risk officer
Insurance provider RenaissanceRe Holdings announced the appointment of Robin Lang as group chief risk officer on a permanent basis.
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Blog
Rapyd names chief compliance officer
Fintech company Rapyd announced the appointment of Shlomit Wagman as global chief regulation and compliance officer.
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Blog
CleanSky Energy promotes chief compliance officer
CleanSky Energy announced the promotion of Andy Beauchamp to the newly created position of chief regulatory and compliance officer.
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News BriefTech giants, White House agree to AI risk management guidelines
Technology companies including Google, Meta, and OpenAI agreed to a series of voluntary commitments they’ll make regarding their management of risks when developing artificial intelligence systems.
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News BriefTrump-linked SPAC settles SEC fraud charges for proposed $18M
Digital World Acquisition Corp. faces a penalty of $18 million as part of a settlement reached with the Securities and Exchange Commission regarding fraud allegations related to its dealings with Trump Media & Technology Group.
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Resourcee-Book: Tech capabilities key to finance support of ESG reporting
Businesses confronting environmental, social, and governance matters for the first time are finding value in engaging their finance and accounting teams for support.
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News BriefFTC, HHS warn hospitals over use of online tracking tech
The Federal Trade Commission and Department of Health and Human Services sent letters to approximately 130 hospital systems and telehealth providers regarding potential patient privacy violations and security risks stemming from online tracking technologies.
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News BriefU.K. corporate governance reforms target resilience, fraud assessment
The United Kingdom introduced for debate corporate reporting reforms that would require the country’s largest companies to set out their risk management and resilience strategies as part of required annual reporting.
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PremiumTech capabilities key to finance support of ESG reporting
Finance and accounting is increasingly relied on to provide support regarding companies’ ESG disclosures without being granted additional resources. Technology that enables automation serves as a solution to reduce this burden.
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ArticleThe importance of quality SARs
Good suspicious activity reports make it easier for financial intelligence units to prioritize and process investigations, enabling better results in the global fight against financial crime.
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Blog
Sallie Mae promotes chief credit risk officer to chief risk officer
Student lender Sallie Mae announced the promotion of Chief Credit Risk Officer Munish Pahwa to executive vice president and chief risk officer.
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ResourceSurvey Report: Financial institutions navigate forward by outsourcing compliance
Three out of four financial services firms that chose to outsource portions of their financial crime compliance function reported they were pleased with the results, according to a new survey conducted by Compliance Week and Guidehouse.