All Compliance Week articles in Web Issue – Page 230
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JPMorgan Chase fined $250M for ‘unsound’ internal control practices
The OCC fined JPMorgan Chase Bank N.A. $250 million for weaknesses in its internal controls and internal audit for its fiduciary activities.
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IAC appoints general counsel
Media conglomerate IAC announced the appointment of Kendall Handler as senior vice president and general counsel. Handler will succeed Gregg Winiarski, who will step down Dec. 31 after more than a decade in the general counsel role.
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MSRB shakeup transitions CCO to chief regulatory officer
Senior leadership changes at the Municipal Securities Rulemaking Board under new CEO Mark Kim include the transition of the organization’s chief compliance officer to the role of chief regulatory officer.
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WWE names principal accounting officer
World Wrestling Entertainment has appointed Karen Mullane as controller and principal accounting officer amid a reshuffling of executive leadership.
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Panasonic Avionics adds general counsel
Panasonic Avionics Corp. announced the appointment of Abby Bried as vice president and general counsel.
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Penn National general counsel to retire
Penn National Gaming announced Carl Sottosanti, executive vice president, general counsel and secretary, plans to retire, effective Dec. 31. Veteran gaming industry legal executive Harper Ko will take over as his successor.
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Apple’s chief security officer (and former CCO) accused of bribery
Apple Chief Security Officer Thomas Moyer, who served as the company’s chief compliance officer for nearly a decade, is facing accusations that he offered bribes in the form of iPads to California state officials in exchange for concealed firearms licenses.
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KPMG report: World’s largest companies slow to address climate change risks
The world’s 250 largest companies are not doing very well in recognizing and measuring financial risks related to climate change, so we’ve got some advice to those who are behind the curve.
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Four years later, Odebrecht’s external monitorship ends
Odebrecht has reached the end of its compliance monitorship, four years after pleading guilty and resolving charges with authorities in the United States, Brazil, and Switzerland for violations of the Foreign Corrupt Practices Act.
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Hanna Andersson agrees to pay $400K in CCPA-related breach lawsuit
Children’s clothing retailer Hanna Andersson has agreed to pay $400,000 in what is believed to be the first monetary settlement for a lawsuit related to the California Consumer Privacy Act.
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Vodafone Italy fined $14.5M under GDPR for telemarketing tactics
The Italian arm of multinational telecommunications company Vodafone is facing a fine of more than €12.25 million (U.S. $14.5 million) under the General Data Protection Regulation for aggressive telemarketing practices.
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Rare OIG Special Fraud Alert cautions the use of speaker programs
In a rare move, the U.S. Department of Health and Human Services’ Office of Inspector General issued a Special Fraud Alert warning of inherent fraud and abuse risks associated with speaker programs.
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Conversion Labs names chief compliance officer, general counsel
Conversion Labs, a direct-to-consumer telemedicine and wellness company, has appointed Eric Yecies to the new position of chief compliance officer and general counsel.
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PCAOB to adopt SEC auditor independence updates
The Public Company Accounting Oversight Board will adopt amendments to its independence standards to align with recent updates initiated by the Securities and Exchange Commission.
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How the pandemic and social justice matters have changed the GC role
General counsel have taken on significantly more responsibility since the start of the coronavirus pandemic and amid the current social climate, solidifying their role as a critical business partner, a recent study on corporate legal departments found.
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Crackdown on culture part of widespread regulatory push
A recent ruling by the U.K. Financial Conduct Authority to ban three individuals from the financial services industry for out-of-work misconduct is part of a broader push by regulators to crack down on matters related to culture, writes Martin Woods.
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WhatsApp Ireland reserves $91.8M for potential GDPR fine
The Irish arm of WhatsApp has set aside $91.8 million for possible administrative fines arising from long-standing investigations by Ireland’s data regulator into the way the messaging platform shares data with Facebook.
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Black Knight appoints chief risk officer
Black Knight, a provider of integrated software, data, and analytics to the mortgage and real estate industries, announced Ryan Hallett has been appointed chief risk officer.
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Limeade names general counsel, corporate secretary
Limeade, an employee experience software company, announced the appointment of Scott Fletcher as general counsel and corporate secretary.
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Herbalife Nutrition names its first chief risk officer
Herbalife Nutrition has named Bosco Chiu as the company’s first ever chief risk officer.