All Compliance Week articles in Web Issue – Page 23
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News Brief
Canadian parliament adds to TD Bank AML scrutiny
Canadian lawmakers will come together to discuss TD Bank’s reported failure to prevent drug traffickers from laundering proceeds of fentanyl sales on its platform.
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Blog
Infinitum appoints general counsel
Infinitum, creator of the sustainable air-core motor, announced the appointment of Meredith Waters as general counsel.
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Blog
National Tax Lien Association names general counsel
Nonprofit organization the National Tax Lien Association announced the appointment of Austin Barnes III as general counsel.
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Blog
Entravision announces general counsel
Media company Entravision Communications Corp. announced Jeff DeMartino was promoted from deputy general counsel to general counsel and secretary.
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Blog
Slice names ex-Kotak risk chief as chief risk adviser
India-based consumer payments and lending company Slice announced the appointment of Arvind Kathpalia, president and group chief risk officer at Kotak Mahindra Bank, as chief risk adviser.
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Blog
Hormel Foods announces general counsel
Food processing giant Hormel Foods Corp. announced Colleen Batcheler was appointed senior vice president, external affairs and general counsel.
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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.