All Compliance Week articles in Web Issue – Page 141
-
Article
Lawsuit: HSBC Bank exec alleges discrimination, unauthorized WhatsApp use
Monique Thacker, a current HSBC Bank USA executive, claimed in a federal lawsuit she was discriminated and retaliated against for raising regulatory violations involving unauthorized communications by bank employees that were downplayed or ignored by management.
-
Article
Tether prepared to defy controversial U.S. sanctions on Tornado Cash
Cryptocurrency platform Tether is set to defy U.S. sanctions by holding firm on its refusal to freeze relevant Tornado Cash addresses until receiving further instruction from law enforcement agencies.
-
Article
McAfee promotes CCO to chief legal, compliance officer
McAfee promoted Chief Compliance Officer Sarah Decker to senior vice president, chief legal and compliance officer.
-
Article
Lawsuit: Lax Coinbase cybersecurity led to theft of customers’ crypto
Coinbase is the subject of a class-action lawsuit alleging cybersecurity failures at the cryptocurrency exchange are to blame for customer accounts losing thousands of dollars in crypto, with the company not doing enough to prevent further thefts.
-
Article
Essilor agrees to $22M settlement over kickback charges
Essilor, a manufacturer and distributor of optical lenses and equipment, will pay $22 million to settle allegations it paid kickbacks to spur sales in violation of the False Claims Act.
-
Article
Vistra adds chief strategy and sustainability officer
Texas-based power generation and electricity company Vistra announced the appointment of Stacey Doré as chief strategy and sustainability officer.
-
Article
Virtru names general counsel in charge of compliance
Data and cybersecurity company Virtru announced the appointment of Mishi Choudhary as senior vice president and general counsel.
-
Article
Sound Point appoints chief compliance officer
Asset management firm Sound Point Capital Management announced the appointment of Andrea Sayago as chief compliance officer and associate general counsel.
-
Article
Twitter whistleblower says poor cybersecurity invites breaches, manipulation
Peiter Zatko, a former cybersecurity executive at Twitter, has blown the whistle on his observations of systemic data security lapses at the company, undercounting of fake accounts, and how the social media platform could be manipulated by foreign intelligence services.
-
Article
Chemours promotes strategic planning VP to general counsel
Chemistry company Chemours announced the promotion of Vice President of Strategic Planning Kristine Wellman to senior vice president, general counsel and corporate secretary, effective Oct. 1.
-
Article
Snap agrees to $35M settlement in Illinois biometric data lawsuit
Social media company Snap reached a $35 million settlement in principle to resolve an Illinois class-action lawsuit alleging violations of the state’s Biometric Information Privacy Act through the collection of “facial biometric identifiers” without users’ consent.
-
Article
Rockland Trust appoints chief risk officer
Rockland Trust and its parent company Independent Bank Corp. announced the appointment of Dawn Mugford as chief risk officer.
-
Article
Calif. health system, healthcare providers to pay $70.7M over false claims
Gold Coast Health Plan and three California county healthcare service providers will pay a total of $70.7 million to settle allegations they violated the False Claims Act regarding California’s Medicaid program, Medi-Cal.
-
Article
CIFC Asset Management appoints chief compliance officer
CIFC Asset Management, an alternative credit specialist, announced the appointment of Lily Wicker as managing director, chief compliance officer and associate general counsel.
-
Article
Mallinckrodt promotes VPs of compliance and legal to executive level
Mallinckrodt, a global pharmaceutical company, announced the promotions of its senior compliance and legal vice presidents to the executive level.
-
Article
Georgia Tech names general counsel, VP of ethics, compliance
Georgia Institute of Technology announced the appointment of Danette Joslyn-Gaul as general counsel and vice president for ethics, compliance, and legal Affairs, effective Sept. 19.
-
Article
Newmont promotes strategic development VP to chief sustainability officer
Newmont Corp., a gold mining company, announced the promotion of Peter Toth to chief strategy and sustainability officer.
-
Article
Citigroup broker-dealer fined $15M for inadequate U.K. trade monitoring
Citigroup Global Markets was fined £12.6 million (U.S. $14.9 million) by the U.K.’s Financial Conduct Authority for failing to implement an adequate trade surveillance program required by British law.
-
Article
Ex-Rabobank CEO fined $20K for withholding AML report
John Ryan, the former CEO of Rabobank, N.A., was fined $20,000 by the Office of the Comptroller of the Currency for his alleged role in obstructing a Bank Secrecy Act program examination that would lead to significant fines for the bank.
-
Article
PCAOB forecasts stricter oversight in five-year strategy
The Public Company Accounting Oversight Board issued its draft five-year strategic plan for public comment. Areas of focus include enhancing audit inspections, strengthening enforcement, and more.