All Compliance Week articles in Web Issue – Page 173
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S&T AG orders Deloitte audit of short seller allegations
Austrian technology company S&T AG has ordered a forensic audit of its corporate structure and several recent acquisitions in response to allegations made by short seller Viceroy Research.
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TD Bank fined $105K for North Korea sanctions violations
TD Bank, N.A. agreed to pay approximately $105,000 as part of a settlement with OFAC for “multiple sanctions compliance breakdowns” that contributed to more than 1,000 apparent violations of North Korean sanctions regulations.
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Should lawyers, accountants be filing more SARs?
A study of suspicious activity reporting data in the United Kingdom suggests accountants, lawyers, estate agents, and other service-facing professionals could be doing more to contribute to the fight against financial crime.
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Spotify chief legal officer to join Disney as general counsel
The Walt Disney Company has appointed Horacio Gutierrez as senior executive vice president, general counsel and secretary. Gutierrez will join Disney in February from Spotify, where he serves as head of global affairs and chief legal officer.
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ISACA issues audit resources on SOX, VPNs, agile auditing
The ISACA, an international professional association focused on IT governance, released three new resources designed to assist audit professionals in enhancing their skills to meet the needs of the evolving audit landscape.
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BlueCrest facing $55.5M fine for failing to manage fairly a conflict of interest
The U.K. Financial Conduct Authority announced its intention to fine hedge fund BlueCrest Capital Management £40,806,700 (U.S. $55.5 million) for failing to manage fairly a conflict of interest. BlueCrest has challenged the decision.
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NatWest to pay $35M for defrauding U.S. Treasury markets
NatWest Markets, the investment banking arm of London-based NatWest Group, agreed to pay approximately $35 million after pleading guilty to engaging in various fraud schemes over the span of a decade in U.S. Treasury markets.
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Lordstown Motors names new general counsel amid SPAC probes
Lordstown Motors, currently under investigation by the Justice Department and the SEC, announced the appointment of Melissa Leonard as executive vice president, general counsel and secretary.
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Rite Aid hires chief ethics and compliance officer
Drugstore chain Rite Aid has added LaShon Kell as senior vice president, chief ethics and compliance officer.
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Binance.US adds former Intel CCO as first chief risk officer
Cryptocurrency exchange platform Binance.US has added Sidney Majalya to its leadership team as its first chief risk officer. Majalya most recently served as vice president, legal and chief compliance officer at Intel Corp.
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ZipRecruiter names chief accounting officer
Online employment marketplace ZipRecruiter announced the promotion of Amy Garefis to chief accounting officer amid a series of executive appointments.
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3M legal chief to join Medtronic as general counsel
Medical device company Medtronic announced the appointment of Ivan Fong as executive vice president, general counsel and secretary.
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Mohegan Gaming welcomes chief accounting officer
Mohegan Gaming & Entertainment announced the appointment of Haven Pope as chief accounting officer.
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FASB proposal sets disclosure requirements for supplier finance programs
The Financial Accounting Standards Board issued a proposed update to its liabilities standard setting disclosure expectations for supplier finance programs.
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FinCEN report highlights uptick in wildlife trafficking SARs
Suspicious activity reports flagging potential financial crime risks posed by wildlife trafficking are on the rise, according to a report published by the Financial Crimes Enforcement Network.
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Global Infrastructure Management fined $4.5M for compliance failures
Registered investment adviser Global Infrastructure Management has agreed to pay a $4.5 million civil penalty as part of a settlement reached with the SEC for fee offset and disclosure failures caused by deficiencies in its compliance program.
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Nikola to pay $125M to settle SEC fraud charges
Electric semitruck startup Nikola agreed to pay $125 million to settle charges brought by the SEC for defrauding investors by misleading them about its products, technical advancements, and commercial prospects.
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ICA partners with Series B to advance compliance education globally
The International Compliance Association has partnered with international legal and compliance recruitment firm Series B to advance compliance education across the world.
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Dissatisfaction with GDPR pushing EU countries toward local laws
So far, Europe’s wide-reaching data privacy rules have seemingly failed to curb Big Tech firms’ use and abuse of citizens’ personal data. As a result, some EU data regulators are pursuing their own investigations—often through other legislation.
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SEC Commissioner Elad Roisman to resign by end of January
The Securities and Exchange Commission will be down a Republican commissioner next month following the planned resignation of Elad Roisman.