All Compliance Week articles in Web Issue – Page 144
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Article
OFAC designates steel giant MMK in latest Russian sanctions
The Office of Foreign Assets Control designated Magnitogorsk Iron and Steel Works, one of the world’s largest steel-producing companies, as part of its latest round of sanctions against Russia in response to the country’s invasion of Ukraine.
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Article
MUFG appoints chief risk officer for American subsidiaries
Mitsubishi UFJ Financial Group, the largest bank in Japan, announced the appointment of Denis McHugh as chief risk officer for MUFG Securities Americas and market risk management officer for MUFG Americas Holdings, effective Aug. 30.
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Article
Astellas promotes HR head to chief ethics and compliance officer
Pharmaceutical company Astellas announced the promotion of Head of Human Resources Katsuyoshi Sugita to chief people, ethics, and compliance officer, effective Oct. 1.
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Article
Synovus Financial appoints chief risk officer
Synovus Financial announced the appointment of Shellie Creson as chief risk officer.
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Article
Centivo adds general counsel
Centivo, a health plan for self-funded employers, announced the appointment of Tara Johnson as general counsel.
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Article
SEC appoints Anthony Thompson to second term on PCAOB
The Securities and Exchange Commission announced the appointment of Anthony Thompson to a second term on the Public Company Accounting Oversight Board.
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Training
On-demand training: Everything you need to know about ESG but were afraid to ask
Take this self-directed, interactive course to deepen your understanding of the increasing importance of environmental, social, and corporate governance initiatives and how ESG planning processes can help manage risks and lead to better reporting outcomes.
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Article
Robinhood Crypto fined $30M for AML, cybersecurity failures
Robinhood Crypto agreed to pay a $30 million fine to the New York State Department of Financial Services for “significant failures” in its Bank Secrecy Act/anti-money laundering and cybersecurity compliance programs.
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Article
Behavioral science: A tool for successful cultural change
Real cultural change requires an understanding of the drivers of human behavior. And the most effective means of grasping these drivers is through behavioral science.
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Article
Canopy Growth appoints chief legal officer
Canada-based cannabis manufacturing company Canopy Growth announced the appointment of Christelle Gedeon as chief legal officer.
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Article
FanDuel promotes CCO to chief legal, compliance officer
Online gaming company FanDuel announced the promotion of Carolyn Renzin to chief legal and compliance officer.
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Article
How compliance can help prevent human trafficking
There are many organizations that seek to prevent human trafficking, but their work can sometimes seem distant and detached from our roles as compliance professionals. We must consider how to bridge that gap, with a particular focus on supply chains.
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Article
Judge: Ex-JPMorgan compliance exec’s retaliation claims credible for trial
A jury could conclude allegations made by a former JPMorgan Chase compliance executive who said she was fired for blowing the whistle have merit, a federal judge ruled.
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Article
U.S. Bank fined $37.5M over fake accounts scheme
U.S. Bank agreed to pay a $37.5 million fine and to return fees charged to customers related to the bank’s alleged opening of accounts and access of credit reports without their permission, the Consumer Financial Protection Bureau announced.
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Article
Warner Bros. Discovery names chief global DEI officer
Warner Bros. Discovery announced the appointment of Asif Sadiq as chief global diversity, equity, and inclusion officer.
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Article
DermTech appoints chief compliance officer
Biotechnology research firm DermTech announced the appointment of Jennifer Eilemberg as chief compliance officer.
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Article
One year later, Amazon GDPR fine details remain clouded
It’s been one year since online retailer Amazon announced it was on the receiving end of a record €746 million (U.S. $758 million) fine under the General Data Protection Regulation, but details about the decision—as well as the actual complaint—remain sketchy.
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Article
IBM report: Data breach costs up, contributing to inflation
The global average cost to mitigate cybersecurity issues resulting from a data breach increased to an all-time high of $4.35 million and could be contributing to current inflation trends, according to the latest annual report from IBM.
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Article
Ex-Carillion execs to face market abuse claims
Three former executives at collapsed construction firm Carillion each face six-figure fines for market abuse for “recklessly” making misleadingly positive and inaccurate statements about the company’s financial health despite knowing it was in trouble.
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Article
JPMorgan, UBS among 3 fined by SEC over ID theft programs
The Securities and Exchange Commission separately settled charges with three financial institutions that each allegedly failed to provide reasonable policies and procedures to identify relevant red flags of customer identity theft.