All Compliance Week articles in Web Issue – Page 1416
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Blog
Liberty Bankers Insurance Group names risk chief
Liberty Bankers Insurance Group announced the hiring of John Blocher as vice president, actuary and chief risk officer.
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Blog
ERI appoints sustainability chief
Electronics and information technology asset disposition provider ERI named David Hirschler, who formerly served as senior director of sustainability and legislative compliance at the company, as its chief sustainability officer.
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News BriefCalif. AG launches sweep into streaming apps’ compliance with CCPA
California Attorney General Rob Bonta announced the launch of an investigative sweep targeting popular streaming apps and devices, alleging noncompliance with the California Consumer Privacy Act.
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News BriefTreasury cites Iraqi bank, owner over terrorist financing concerns
Al-Huda Bank faces severance from the U.S. financial system for being a conduit of terrorist financing, according to the Financial Crimes Enforcement Network, while its owner, Hamad al-Moussawi, was sanctioned by the Office of Foreign Assets Control.
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News BriefTD Bank reportedly facing fine for faulty AML controls
The Financial Transactions and Reports Analysis Centre of Canada is reportedly preparing to issue its largest fine to date against TD Bank for faulty anti-money laundering controls.
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PremiumConsultation opens debate on proposed U.K. cyber governance code
Cybercrime is regularly cited as a leading concern for executives, yet board oversight of cyber risks is often inadequate and governance poorly understood, according to the authors of a proposed U.K. code of practice on cybersecurity governance.
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PremiumDeloitte survey: Companies unprepared for AI governance, risk challenges
Just 25 percent of corporate leaders felt their organizations were highly prepared to handle the governance and risk issues posed by generative artificial intelligence, a Deloitte survey found.
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News BriefOCC proposes stricter review process for bank mergers
The Office of the Comptroller of the Currency proposed eliminating expedited or streamlined reviews of mergers for national banks and federal savings associations.
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News BriefBusiness groups sue to halt California climate disclosure laws
A coalition of business groups filed a lawsuit opposing two California laws that require large businesses to make climate-related disclosures, calling it a fight against illegal and excessive government overreach.
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PremiumWhat future holds for PCAOB post China crackdowns
The Public Company Accounting Oversight Board’s first enforcement settlements with mainland China and Hong Kong firms won’t be the last, as the chair of the regulator says its “just getting started.” U.S. firms must be mindful of the specific ethical issues highlighted.
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PremiumMeta’s ‘pay or consent’ model to force GDPR to adapt?
Experts weigh in on Meta’s plans to charge EU users monthly if they do not want to be tracked for online advertising and what the ramifications of the model would mean for the future of the General Data Protection Regulation.
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Blog
CMA announces general counsel
The U.K. Competition and Markets Authority appointed Chris Prevett as permanent general counsel, having undertaken the role on an interim basis since July 2022.
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Blog
AgroAmerica appoints sustainability chief
Guatemala-based agriculture company AgroAmerica announced the appointment of Javier Aguirre as its first corporate affairs and chief sustainability officer.
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Blog
Quintet Private Bank announces risk chief
Luxembourg-based Quintet Private Bank announced the appointment of Christine Lynch as group chief risk officer.
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Blog
Newmont names chief legal officer
Precious metals company Newmont Corp. announced the appointment of Peter Wexler as chief legal officer.
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Blog
Saxo Bank appoints chief risk, compliance officer
Denmark-based Saxo Bank announced the appointment of John Carmichael as chief risk and compliance officer.
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News BriefN.Y. sues Citi for lax data security, failing to reimburse fraud victims
Citibank faces a lawsuit from New York Attorney General Letitia James for allegedly failing to protect and reimburse customers who lost thousands of dollars in fraudulent wire transfers.
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News BriefPRA fines HSBC units $73M over deposit protection failures
The Bank of England’s Prudential Regulation Authority penalized two HSBC units £57.4 million (U.S. $73 million) over historic failures in deposit protection identification and notification.
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Blog
Howard Hughes Holdings announces general counsel
Real estate company Howard Hughes Holdings announced Joseph Valane was appointed general counsel and secretary.
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Blog
Blue Cross Blue Shield of Massachusetts announces risk chief
Health plan provider Blue Cross Blue Shield of Massachusetts announced Dawn Perry was named chief risk and audit officer, senior counsel and senior vice president.