All Compliance Week articles in Web Issue – Page 201
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Article
U.K. AML expert convicted of aiding money launderers
A U.K. money laundering prevention expert was found guilty of allowing criminals to use his company to launder the proceeds of an £850,000 (U.S. $1.2 million) investment fraud that resulted in dozens of victims being ripped off.
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Article
Ex-Goldman Sachs exec Asante Berko settles FCPA case
The SEC obtained final judgment against a former Goldman Sachs executive charged with violating the FCPA by orchestrating a bribery scheme to help a client win a power plant contract in the Republic of Ghana.
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Article
Embrace of RegTech driving financial services transformation
Large global financial institutions are utilizing advanced technologies like never before to help manage their regulatory compliance needs, driving major efficiencies within compliance, risk, and internal audit functions in the process.
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Article
Are compliance officers good board material?
Compliance is perfectly primed to adapt, with the ability to influence change in culture as part of integrated and innovative approaches to risk management. Does that translate to the board level?
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Article
Guggenheim Securities fined $209K for allegedly stifling whistleblowers
New York-based broker-dealer Guggenheim Securities has agreed to pay a $208,912 civil penalty for violating SEC whistleblower protection rules regarding language in its compliance manual.
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Article
New tech, legal precedent forcing GDPR to evolve
Companies’ priorities regarding compliance with the GDPR are likely to become more focused because of a mixture of recent legal decisions and efforts by the European Commission to keep privacy rules in sync with changes in technology.
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Article
Daniel Kahn replaces Robert Zink at DOJ’s Criminal Division
The Department of Justice has named Daniel Kahn acting deputy assistant attorney general at its Criminal Division as it prepares to welcome a new, permanent director.
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Article
Ex-Deutsche Bank traders imprisoned for ‘spoofing’ roles
James Vorley and Cedric Chanu, former precious metals traders at Deutsche Bank, were each sentenced to one year and one day in prison for their respective roles in a scheme to manipulate the precious metals markets with fraudulent trades.
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Article
AML compliance proving tall hurdle for U.K. crypto firms
The U.K.’s financial regulator has been forced to extend a registration deadline for cryptocurrency firms by nearly nine months because so few have been able to meet even basic anti-money laundering requirements.
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Article
Distinction between CCO and company key to any liability framework
Despite best effort, a chief compliance officer has a lot to lose when his or her company faces enforcement. Acknowledging this as part of any potential CCO liability framework will be important to its success.
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Resource
e-Book: The Excellence in Compliance Awards
Convercent is proud to recognize the winners of Compliance Week’s second annual “Excellence in Compliance Awards,” which spotlight individual and company achievement in seven categories relating to risk and compliance.
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Article
Big week for breaches: McDonald’s, Carnival, and more
Multiple high-profile companies—including Carnival, Wegmans, McDonald’s, Volkswagen, and CVS—have confirmed in recent days they were either victims of a data breach or were alerted to a gap in their security controls.
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Article
Juneteenth acknowledgement a reminder that influence comes in many forms
The designation of Juneteenth as a federal holiday shows the good that can come from when powerful people acknowledge difficult truths.
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Article
Study: Big Four audit hold still strong despite 2021 dip
The Big Four’s dominance on the public company audit market remains despite a slight dip in numbers in the last year, according to the latest research from Audit Analytics.
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Article
New rules for SCCs: What you need to know
The latest set of standard contractual clauses for companies transferring data between the European Union and third countries, such as the United States, is meant to align more closely with the GDPR and root out government snooping.
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Article
Embattled Deutsche Bank to overhaul anti-financial crime controls
Deutsche Bank is planning to shake up its internal structure around anti-financial crime efforts in the wake of criticism from multiple regulators.
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Article
PacWest Bancorp adds general counsel
Bank holding company PacWest Bancorp has appointed Angela Kelley as executive vice president, general counsel and corporate secretary.
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Article
Treasury Prime names general counsel, chief compliance officer
Banking as a service company Treasury Prime announced the appointment of Marty Roberts as general counsel and chief compliance officer.
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Article
XPO Logistics appoints CCO for planned spinoff
Contract logistics provider XPO Logistics announced Chief Compliance Officer Meagan Fitzsimmons will lead global ethics and compliance infrastructure at its planned spin-off, GXO Logistics.