All Compliance Week articles in Web Issue – Page 166
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Veracyte appoints chief accounting officer
Veracyte, a global diagnostics company, has appointed Jonathan Wygant as chief accounting officer.
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Credit Suisse leak alleges corrupt customers, poor compliance practices
Credit Suisse engaged in business dealings with some of the most notorious criminals in the world, according to a consortium of media outlets that spent months parsing through the leaked records of more than 18,000 of the Swiss bank’s accounts.
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TRUST: A solution to crypto’s Travel Rule dilemma
Jennifer Lee, head of compliance at Anchorage Digital, highlights the launch of the Travel Rule Universal Solution Technology as “the clearest sign yet that digital asset players, as an industry, not as individual companies, truly care about compliance.”
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Report: Companies overhyping net zero commitments
A study of leading global companies including Amazon, Google, Walmart, and Volkswagen has found many firms are exaggerating or misreporting the progress they are making to meet their own environmental targets.
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Binance.US hires chief compliance officer
The U.S. arm of cryptocurrency exchange Binance has appointed Tammy Weinrib as chief compliance officer.
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Pinterest general counsel to depart
Social media company Pinterest announced in a regulatory filing General Counsel and Secretary Christine Flores plans to leave the company in October.
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First Financial Bankshares tabs chief accounting officer
First Financial Bankshares has promoted J. Kyle McVey to executive vice president, chief accounting officer.
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KT to pay $6.3M in SEC settlement for FCPA violations
KT Corp., South Korea’s largest telecom operator, will pay $6.3 million in a settlement with the Securities and Exchange Commission for violations of the books and records and internal accounting controls provisions of the Foreign Corrupt Practices Act.
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DOJ names head of crypto enforcement team
The Department of Justice named veteran prosecutor Eun Young Choi to serve as the first director of its newly created National Cryptocurrency Enforcement Team.
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Comerica discloses CFPB investigation
Financial services firm Comerica disclosed in a regulatory filing the Consumer Financial Protection Bureau is investigating certain of its business practices.
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Rulemaking on CPRA facing delay
The newly formed California Privacy Protection Agency appears behind schedule on rulemaking for the transition to the California Privacy Rights Act, putting the law’s July 2023 enforcement date in question.
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Report: Accounting enforcement at SEC, PCAOB down in 2021
The amount of accounting and audit enforcement actions by the Securities and Exchange Commission and Public Company Accounting Oversight Board decreased in 2021, resulting in a sharp decline in monetary settlements, according to Cornerstone Research.
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Indictment: Infinity Q founder’s attempts to hide fraud aided by CCO
The Department of Justice charged James Velissaris, the former chief investment officer and founder of Infinity Q Capital Management, for his role in a scheme to defraud investors by overvaluing derivative swap positions.
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Intel general counsel to retire
Tech giant Intel disclosed in a regulatory filing Corporate Vice President and Corporate Secretary Susie Giordano will serve as interim general counsel, effective immediately, with current Executive Vice President and General Counsel Steven Rodgers planning to retire in May.
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Constellis names chief legal and compliance officer
Constellis, a provider of risk management support for government and commercial customers, announced Melissa Taylormoore has been promoted to chief legal and compliance officer.
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Eos Energy adds chief accounting officer
Eos Energy Enterprises, a provider of sustainable zinc-based energy storage systems, announced John Tedone has been appointed chief accounting officer.
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Freddie Mac appoints general counsel
The Federal Home Loan Mortgage Corp. has appointed Heidi Mason as executive vice president and general counsel.
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Ericsson admits ‘corruption-related misconduct’ in Iraq; may have paid ISIS
Ericsson announced an internal investigation uncovered evidence of “corruption-related misconduct” that occurred in the Swedish telecommunications company’s Iraq operations between 2011 and 2019.
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DOJ Fraud Section 2021 review: FCPA resolutions down
The Department of Justice entered into eight corporate resolutions in all of 2021, a decrease from 13 the previous year, according to the Fraud Section’s annual report. Three resolutions included violations of the Foreign Corrupt Practices Act.
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SEC, states fine BlockFi $100M; crypto lending product declared a security
BlockFi Lending agreed to pay $100 million in penalties as part of a first-of-its-kind case in which the Securities and Exchange Commission declared a type of cryptocurrency lending product should be registered as a security.