All Compliance Week articles in Web Issue – Page 277
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Article
T-Mobile data breach: A cautionary tale for all companies
For the second time in a matter of four months, T-Mobile announced it has suffered a data breach. Cyber-security experts say it’s a cautionary tale about the vulnerabilities of e-mail accounts that are not properly secured.
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Article
Virgin Media could face GDPR pressure after data breach
Virgin Media is likely to be in the GDPR crosshairs after disclosing a recent breach that affected approximately 900,000 customers to the U.K.’s data regulator.
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Article
FCA seeks comment on proposed climate-related disclosure requirements
The U.K. Financial Conduct Authority is asking for comment on newly published proposals outlining climate-related disclosure requirements for premium listed issuers.
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Article
CFPB the latest federal agency to propose whistleblower program
The Consumer Financial Protection Bureau wants Congress to authorize a program that would reward whistleblowers who provide tips leading to successful prosecutions.
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Article
Congressional report blasts ‘reckless megabank’ Wells Fargo, regulators
A scathing report on Wells Fargo published by the House Financial Services Committee majority tells the story of a recidivist megabank whose senior management and board of directors refuse to take compliance seriously and the unresponsive financial regulators who let it all slide.
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Article
Can ‘force majeure’ save your company from the coronavirus?
Some businesses—particularly in the global shipping industry—are hoping a provision contained in the fine print of many contracts can avert disastrous financial losses caused by the coronavirus outbreak.
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Article
How one California-based CCO is responding to coronavirus risk
We recently spoke with the compliance chief for California-based biopharmaceutical Aimmune, Fabiana Lacerca-Allen, about her role in helping her company proactively plan for and respond to the risks posed by COVID-19.
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Article
GoodRx’s mea culpa: Lessons for internet companies handling personal health data
Telemedicine platform GoodRx has committed to enhancements of its consumer data protection after Consumer Reports called out its sharing practices regarding personal health information.
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Article
SEC extends filing deadlines for firms impacted by coronavirus
Certain companies have been granted a reprieve by the SEC, which is extending some filing deadlines due to coronavirus interference.
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Article
Former U.S. Bank risk officer pays $450K for AML compliance failures
The former chief operational risk officer at U.S. Bank has agreed to pay a $450,000 penalty for his role in the bank failing to implement and maintain an effective anti-money laundering compliance program.
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Article
Alstom exec's acquittal calls FCPA jurisdiction into question
A federal court in Connecticut acquitted a former Alstom employee on FCPA charges following a Second Circuit decision. But the story does not end there.
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Article
U.K.’s ICO fines Cathay Pacific for pre-GDPR breach
The U.K. Information Commissioner’s Office has fined airline Cathay Pacific £500,000 (U.S. $643,000) for failing to protect the personal data of millions of customers.
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Article
DOJ intervenes in whistleblower suit against Mallinckrodt
The Department of Justice has intervened in a whistleblower lawsuit against Mallinckrodt over allegations the drug maker knowingly underpaid Medicaid rebates it owed due to significant price increases to its drug Acthar.
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Article
Q&A: Clearing up confusion with OFAC’s 50 Percent rule
Compliance Week spoke with Tiffany Archer, regional ethics and compliance officer and corporate counsel at Panasonic Avionics Corporation, on demystifying OFAC’s 50 Percent rule.
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Resource
e-Book: How to get the most out of your compliance training
Traditionally one of the more thankless jobs in compliance, training is evolving from a tedious (yet critical) requirement to an engaging, informative exercise that not only keeps your organization walking an ethical straight line, but—in some cases—actually helps identify strengths and weaknesses in your culture.
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Resource
e-Book: Regulators get tough on abuses, distribute sanctions
ExxonMobil’s recent victory in a sanctions case could inspire others to fight back against U.S.-imposed sanctions.
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Article
KPMG names firm veteran as U.S. CEO
KPMG has named Paul Knopp—who has been with the company for 36 years—to be its next U.S. chair and chief executive officer.
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Article
Companies consider employee travel bans as coronavirus proliferates
While not yet the norm, employee travel bans are being bandied about by companies across the globe in light of the increasing coronavirus risk; the policy could lead to a trend toward virtual meetings.
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Article
Herbalife sets aside $40M in FCPA probe
Dietary supplement maker Herbalife said in a regulatory filing it has set aside $40 million in accrued liability concerning an investigation into the company’s compliance with the Foreign Corrupt Practices Act in China.