All Compliance Week articles in Web Issue – Page 154
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Article
Allianz unit pleads guilty in $6B fraud settlement
Allianz Global Investors U.S. and three former portfolio managers were charged with lying to investors about a complex options trading strategy, as well as forging documents to cover up the scheme, leading to multibillion dollar losses.
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Article
From ‘Institutional Self-Regulation’: Role of culture
Tamar Frankel, honored for Lifetime Achievement in Compliance at the 2022 Excellence in Compliance Awards, authorized CW to share excerpts from her book “Institutional Self-Regulation.” The following is a passage from the book’s chapter on investigations to prevent violations of the law.
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Article
From ‘Institutional Self-Regulation’: Why compliance?
Tamar Frankel, honored for Lifetime Achievement in Compliance at the 2022 Excellence in Compliance Awards, authorized CW to share excerpts from her book “Institutional Self-Regulation.” The following is a passage from the book’s chapter on compliance, governance, and self-regulation.
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Article
From ‘Institutional Self-Regulation’: Slippery slope of bad habits
Tamar Frankel, honored for Lifetime Achievement in Compliance at the 2022 Excellence in Compliance Awards, authorized CW to share excerpts from her book “Institutional Self-Regulation.” The following is a passage from the book’s chapter on institutional subversive culture, ethics, power, and behavior.
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Article
Connecticut fifth state to pass comprehensive data privacy law
Connecticut has joined four other states in passing a comprehensive data privacy law that requires companies to provide consumers with information about the personal data they collect.
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Article
KPMG facing $17.6M fine following Carillion tribunal
KPMG is set to pay a reduced fine of £14.4 million (U.S. $17.6 million) from the U.K. Financial Reporting Council over its botched audits at collapsed construction company Carillion and software firm Regenersis.
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Article
Fed Chair Jerome Powell confirmed to second term
Jerome Powell is set to begin his second term as chair of the Federal Reserve after receiving bipartisan support in a Senate confirmation vote.
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Article
Citi names Tom Anderson as new chief compliance officer
Tom Anderson will be the next chief compliance officer at Citi, effective June 1. His appointment comes two months after Mary McNiff stepped down from the role.
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Article
Binance appoints first deputy general counsel
Binance, the world’s largest cryptocurrency exchange, announced the appointment of Joshua Eaton as the company’s first deputy general counsel.
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Article
FTC Democratic majority restored following Bedoya confirmation
Georgetown visiting law professor Alvaro Bedoya has been confirmed as a member of the Federal Trade Commission, following a Senate vote along party lines.
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Article
PCAOB fines Citrin Cooperman $200K over audit failures
Citrin Cooperman was fined $200,000 by the Public Company Accounting Oversight Board for failing to meet PCAOB standards during its 2016 and 2017 year-end audits at an unnamed broker-dealer.
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Article
Report: Investigation costs rising, driven by data assessment inefficiencies
More than three-quarters of respondents to a Kroll global benchmark report said they have conducted an internal investigation into fraud or corruption within the past three years and that the cost of such probes is on the rise.
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Article
FTX appoints chief compliance officer
Cryptocurrency exchange FTX US announced the appointment of Marissa MacDonald as chief compliance officer.
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Article
OLB promotes general manager to chief risk officer
Oldenburgische Landesbank, a private financial institution headquartered in Germany, announced the appointment of Chris Eggert as chief risk officer.
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Article
Materion appoints chief accounting officer
Engineered materials corporation Materion announced the appointment of John Zaranec as chief accounting officer.
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Article
Target promotes SVP of risk to general counsel
Retail giant Target has promoted Matt Zabel to executive vice president and general counsel.
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Article
JBS names corporate sustainability officer
JBS, the largest meat processing company in the world, appointed Maurício Bauer as corporate sustainability officer.
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Article
CFTC proposal furthers transition from LIBOR in swaps
The Commodity Futures Trading Commission proposed a rule that would replace certain swap rate clearing requirements pegged to the London Interbank Offered Rate with other alternative reference rates that are less susceptible to manipulation.
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Article
FCA fines, bans director over unauthorized compliance duties
Thomas Ward, a former head of compliance at an investment management firm who once worked as a compliance inspector for a U.K. regulator, was fined 416,558 pounds (U.S. $513,000) and banned from working in the financial services sector following a tribunal ruling.
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Resource
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