All Compliance Week articles in Web Issue – Page 171
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Advance Auto Parts appoints chief accounting officer
Advance Auto Parts has appointed William Pellicciotti senior vice president, controller and chief accounting officer, effective Jan. 24.
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Commvault announces new chief legal and compliance officer
Global intelligent data services company Commvault announced the appointment of Danielle Sheer as chief legal and compliance officer.
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Standard Chartered names group general counsel
Multinational banking firm Standard Chartered has named Sandie Okoro group general counsel. She will join the bank in early April.
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Veris Residential appoints chief accounting officer
Real estate investment trust Veris Residential has appointed Amanda Lombard chief accounting officer, effective Jan. 18.
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CFTC hires first chief diversity officer
The Commodity Futures Trading Commission announced the appointment of Tanisha Cole Edmonds as the agency’s first chief diversity officer.
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Bank of America, Wells Fargo headline climate risk consortium
Bank of America, Wells Fargo, U.S. Bank, and 16 other financial institutions have formed a climate risk consortium in response to calls from investors and regulators that banks work to mitigate climate-related risks within their own operations.
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CCO liability framework seeks to acknowledge compliance support concerns
The National Society of Compliance Professionals has drafted a framework that urges regulators to consider chief compliance officer liability more holistically, in the context of the compliance culture within a CCO’s firm.
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Sojitz Hong Kong subsidiary fined $5.2M for violating Iran sanctions
Sojitz HK agreed to pay approximately $5.2 million for violations of U.S. sanctions against Iran that occurred when rogue employees deliberately misled company executives and compliance regarding the true origin of goods worth more than $75 million.
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Hyzon Motors discloses SEC subpoena following short seller report
Hyzon Motors, a global supplier of hydrogen fuel cell-powered heavy vehicles, said it received a subpoena from the Securities and Exchange Commission regarding allegations raised in a short seller report in late September.
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Difficult path ahead for new ICO head John Edwards
The United Kingdom’s newly appointed information commissioner, John Edwards, might find it hard to steer a successful path between ensuring citizens’ data rights are preserved while also trying to make U.K. laws more palatable for data-driven business.
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Erica Williams sworn in as PCAOB chair
Erica Williams assumes leadership of a newly reconstituted Public Company Accounting Oversight Board that can count implementation of the Holding Foreign Companies Accountable Act among its top priorities.
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Fed Vice Chair Richard Clarida to resign early amid trading scrutiny
Richard Clarida, vice chair of the Federal Reserve Board, will resign from his post two weeks earlier than the expiration of his term after a report called into question trades he made just prior to the start of the Covid-19 pandemic.
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DOJ probe into shadowy underworld of short selling ‘long overdue’
A Department of Justice criminal investigation into illegal short selling is just the latest indication these schemes demand greater scrutiny that chief compliance officers and in-house counsel can no longer afford to ignore.
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Report: FCPA investigations, enforcement actions hit 10-year lows in 2021
The number of enforcement actions brought under the Foreign Corrupt Practices Act in 2021 fell to the lowest total in a decade, according to a new report by the FCPA Clearinghouse at Stanford Law School.
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Carnival to pay $1M for environmental probation violation
Cruise line operator Carnival Corp. has pleaded guilty and agreed to pay a $1 million penalty for violating a condition of its probation relating to its environmental compliance plan.
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Apollo appoints chief accounting officer
Apollo announced the appointment of Louis-Jacques Tanguy as chief accounting officer and controller. He will serve in these roles at Apollo Global Management and Apollo Asset Management.
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Imperva adds chief compliance officer and general counsel
Cybersecurity software company Imperva has appointed Brad Steiner general counsel and chief compliance officer.
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Edgewell Personal Care names chief accounting officer
Consumer products company Edgewell Personal Care has named Priscilla Kasenchak chief accounting officer.
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Report: Financial services fines drop 49 percent in 2021
The value of penalties against global financial services firms in 2021 dropped to half the total levied in 2020, according to research by compliance technology provider Fenergo.
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Elizabeth Holmes verdict primes DOJ for white-collar crackdown
For Department of Justice leadership that recently laid out plans to strengthen their response to corporate crime, the outcome of the Elizabeth Holmes trial is an arrow in the quiver for what might be a new age of white-collar enforcement.