All Compliance Week articles in Web Issue – Page 147
-
Article
Chinese companies facing HFCAA delisting seeking alternatives
Chinese businesses identified as noncompliant with the Holding Foreign Companies Accountable Act are trying a variety of strategies to circumvent or comply with the law before they are delisted from U.S. exchanges.
-
Article
Clearview AI fined third time for GDPR violations
The Hellenic Data Protection Authority in Greece fined controversial facial image aggregator Clearview AI a record €20 million (U.S. $19.9 million) for unlawfully processing the biometric data of Greek citizens.
-
Article
Zeta adds chief compliance officer
Fintech startup Zeta announced the appointment of Karla Booe as chief compliance officer.
-
Article
NLRB names first chief diversity officer
The National Labor Relations Board announced the appointment of Kimberly Sanford as its first chief diversity officer.
-
Article
Axon tabs chief legal officer
Technology and weapons developer Axon announced the appointment of Isaiah Fields as chief legal officer. In this role, Fields will spearhead Axon initiatives across legal operations, government affairs, risk management, and compliance.
-
Article
Michael Barr confirmed as Fed’s top banking regulator
Michael Barr, a professor and former top official at the Treasury Department, was confirmed by the Senate as vice chair for supervision at the Federal Reserve.
-
Article
EDPS: U.K. GDPR reforms could create friction with EU
The United Kingdom’s keenness to agree to its own data adequacy decisions with countries like the United States could become a contentious issue with the European Union, according to European Data Protection Supervisor Wojciech Wiewiórowski.
-
Article
Ubiquity names VP of compliance
Business process outsourcer Ubiquity announced the appointment of David Crawford as vice president of compliance.
-
Article
Former Herbalife exec fined $550K in FCPA case
Jerry Li, the former managing director of Herbalife’s China subsidiary, was ordered to pay approximately $550,000 to resolve charges brought by the SEC of violating the Foreign Corrupt Practices Act by bribing Chinese government officials over the course of a decade.
-
Article
Financial crime within the metaverse
The momentum gathering behind the “metaverse”—a universe of virtual worlds built on blockchain technology—should be of keen interest to everyone in the regulation and compliance space, given its potential impact in terms of business, ethics, financial crime, and safety.
-
Article
Aerojet Rocketdyne to pay $9M in cybersecurity whistleblower case
Aerojet Rocketdyne has agreed to pay $9 million to resolve allegations raised by a whistleblower that the aerospace and defense manufacturer misled the federal government regarding its compliance with cybersecurity requirements in certain contracts.
-
Article
SEC questioned Citi for additional info on Russia exposure
The Securities and Exchange Commission recently posed a series of probing questions to Citigroup seeking to understand the impact of Russia’s invasion of Ukraine on the bank’s exposure in Russia.
-
Article
Survey: Inflation, climate risk top audit partner economic concerns for 2022
The economy, cybersecurity, climate change, and cryptocurrency are among top concerns for the year ahead expressed by U.S. public company audit partners as part of a new Center for Audit Quality survey.
-
Article
Facebook fate in EU thrusts transatlantic data flows back in spotlight
Reports of a potential shutdown of Meta services Facebook and Instagram in the European Union that could take place as soon as this summer underscore what’s at stake as the region works with the United States to finalize a new agreement on how to handle transatlantic data flows.
-
Article
Survey: Widening remit driving cost of compliance higher, retention lower
Compliance functionality is vital to the future of financial services firms, but many are “struggling to meet their commitments while maintaining an appropriate risk and compliance culture,” according to the “Cost of Compliance Report 2022” by Thomson Reuters.
-
Article
U.K. data reform plan seeks to reduce ‘unnecessary burdens’ of GDPR
The U.K. government announced plans to reform the country’s data privacy laws to simplify procedures for businesses and reduce red tape, but the proposals might clash with certain elements of the EU’s General Data Protection Regulation.
-
Article
CFTC fines BNP Paribas, JPMorgan for swap reporting violations
BNP Paribas and JPMorgan Chase agreed to pay penalties of $6 million and $850,000, respectively, in separate settlements with the Commodity Futures Trading Commission for swap reporting violations dating back years.
-
Article
Hostess adds chief sustainability officer
Sweet snacks company Hostess Brands announced the appointment of Darryl Riley as the company’s first chief sustainability officer.
-
Article
IDB Bank appoints chief risk officer
Israel Discount Bank of New York announced the appointment of Daniel Roberts as chief risk officer.
-
Article
Amber Group appoints global head of legal and compliance
Digital asset platform Amber Group announced the appointment of Benjamin Bai as chief legal officer and global head of compliance.