All Compliance Week articles in Web Issue – Page 16
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Blog
MetroHealth appoints chief ethics, risk, and compliance officer
Healthcare system MetroHealth named Christopher Briddell as senior vice president and chief ethics, risk, and compliance officer.
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Premium
FTC staff lay out compliance steps for noncompete ban
Staff at the Federal Trade Commission offered several steps businesses can take to comply with the agency’s upcoming ban on employee noncompete clauses.
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News Brief
NYDFS offers cyber rule compliance template for small businesses
The New York State Department of Financial Services issued guidance for small businesses attempting to comply with its cybersecurity regulations.
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News Brief
Crowe U.K. dinged $181K by FRC for Aseana Properties audit failures
Crowe U.K. was assessed a penalty of £144,000 (U.S. $181,000) by the U.K. Financial Reporting Council for failures in its audit of Aseana Properties Limited’s financial statements for the year ended Dec. 31, 2019.
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News Brief
PCAOB reestablishes its fundamentals with new standards
The Public Company Accounting Oversight Board adopted two new standards that address key audit areas upon which it was relying on benchmarks established more than 20 years ago.
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Premium
Survey: Public companies fear added cyber risks from SEC disclosures
Large public companies say they are prepared to comply with the disclosure requirements of the SEC’s new cybersecurity incident rule, according to a survey conducted by Compliance Week and DLA Piper, but concerns exist that those reports could enhance the threat of future cyberattacks.
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News Brief
SEC, FinCEN propose customer ID program for investment advisers
The Securities and Exchange Commission and Financial Crimes Enforcement Network proposed a rule requiring registered investment advisers to implement customer identification programs, another facet of a coordinated attempt to close an apparent loophole in federal AML regulations.
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News Brief
FSOC warns on liquidity risk by nonbank mortgage servicers
A new report by the Financial Stability Oversight Council recommended state regulators and Congress take steps to minimize “significant liquidity risk” posed by the nonbank mortgage servicing industry.
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News Brief
Lawsuit: Ex-Panoramic Health assistant GC alleges retaliation linked to CCO supervisor
The former assistant general counsel at Panoramic Health is suing her former employer alleging wrongful termination after flagging safe harbor violations of the Anti-Kickback Statue.
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News Brief
FAT Brands on defense over DOJ, SEC accounting misconduct allegations
Restaurant operator FAT Brands said it would contest charges announced by the Department of Justice regarding violations of the Sarbanes-Oxley Act related to personal loans made to executive officers.
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Blog
Sculptor Capital names chief compliance officer
The board of directors of Sculptor Capital Management appointed Colleen Kilfoyle to serve as chief compliance officer.
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Blog
Rithm Capital recruits ex-Sculptor Capital CCO as legal chief
Investment management company Rithm Capital announced David Zeiden was appointed chief legal officer.
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Blog
Probo Medical hires general counsel
Global diagnostic imaging solutions provider Probo Medical announced the hiring of Ashlyn Jennings as chief administrative officer and general counsel.
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Blog
Crypto insurer Meanwhile transitions CCO to senior adviser
Meanwhile, a Bitcoin life insurance company, announced Chief Risk and Compliance Officer Annie Tay will transition to senior adviser.
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Blog
STAAR Surgical announces general counsel
Medical equipment manufacturer STAAR Surgical Company announced Nathaniel Sisitsky was named general counsel.
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Blog
Elite appoints chief legal officer
Elite, which provides financial management and business operations solutions to law firms, announced it appointed Stephanie Milikh as chief legal officer and corporate secretary.
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News Brief
FINTRAC fines Binance $4.4M over AML/CFT violations
The Financial Transactions and Reports Analysis Centre of Canada imposed a penalty of approximately CAD$6 million (U.S. $4.4 million) against crypto platform Binance over alleged noncompliance with the country’s anti-money laundering/countering the financing of terrorism law.
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News Brief
DOJ launches task force on anticompetitive practices in healthcare
The Department of Justice’s Antitrust Division created a new task force to examine collusion and monopolies in the healthcare industry.
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News Brief
Fed-led climate scenario analysis highlights data gaps, insurance costs
The Federal Reserve Board and six large American banks released the results of a pilot climate scenario analysis that explored how resilient the banks’ business models were to climate-related financial risks.
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News Brief
FINRA fines Merrill Lynch $825K over order execution supervision lapses
Merrill Lynch was assessed an $825,000 penalty by the Financial Industry Regulatory Authority for alleged supervision failures regarding the execution of marketable equity orders entered into its electronic order systems.