All Compliance Week articles in Web Issue – Page 280
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Article
CCO Q&A: Managing compliance in the FinTech space
Compliance Week discusses with Shannon Duncan, CCO and director of operations at registered investment adviser Blooom, the many unique challenges of doing compliance in the complex, ever-evolving FinTech space.
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Article
Versant Health appoints chief compliance officer
Versant Health, a national managed eye health and vision plan company, has appointed Lula Richards as its new chief compliance officer.
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Resource
White paper: Behavior Change Science & Compliance
Influencing behavior is an ongoing challenge in compliance. Much of human behavior is the playing-out of patterns of neuro-associative responses to stimuli in our environment that are repeated and, eventually, become habitual.
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Article
Regulatory events coming this spring
Check out information on upcoming events from such regulators as the SEC, FINRA, CFPB, and more.
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Article
Fictitious soccer players at center of money laundering scheme
Europol, the European Union’s law enforcement agency, announced it has uncovered more than €10 million (U.S. $11 million) from fictitious soccer player transfers in a money laundering and tax evasion scheme.
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Article
Coronavirus impact: How tech, medical, retail industries are responding
Surrounded by uncertainty, the coronavirus outbreak has quickly catapulted high on the list of hot risk topics for business leaders everywhere.
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Resource
White paper: Achieving Compliance with TPRM Regulatory and Framework Requirements
Measuring compliance against third-party risk management requirements is complex and time consuming; and with growing numbers of data breaches originating with third parties and all the regulatory activity that comes as a result, it never lets up.
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Article
Disruptions caused by coronavirus affecting global supply chain
The burgeoning coronavirus outbreak not only sent markets crashing on Monday, it also put a spotlight on companies whose supply chains have been severely disrupted by the ongoing crisis.
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Article
What’s next for Wells Fargo? Bank, execs still in crosshairs
Wells Fargo will pay $3 billion to resolve civil and criminal penalties with the DOJ and SEC related to its long-running fake accounts scandal, but the embattled bank—and its former executives—are far from out of the woods.
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Article
Wells Fargo to pay $3B to resolve fake account scandal
The Department of Justice and Securities and Exchange Commission on Friday assessed total civil and criminal penalties of $3 billion against Wells Fargo & Co. and its subsidiary, Wells Fargo Bank, in the aftermath of its fake account scandal.
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Article
Proposed EU data strategy spells big changes for Big Tech
The European Commission unveiled its long-awaited plans about how it wants to regulate artificial intelligence as well as promote greater data sharing throughout the EU to stimulate further growth and competition in digital services.
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Article
Resurgent BIPA more than second fiddle to CCPA?
The California Consumer Privacy Act seems to be in the spotlight lately, but the Illinois Biometric Information Privacy Act should not be overlooked.
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Article
FRC to review how U.K. companies, auditors address climate change
The U.K. Financial Reporting Council announced it will begin reviewing the extent to which U.K. companies and auditors are responding to the impact of climate change to ensure reporting requirements are being met.
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Compliance lessons from Julius Baer’s ‘serious AML failings’
Compliance officers can learn a lot from the anti-money laundering compliance shortcomings at Julius Baer Group, as well as from what the bank is now doing to enhance its risk management and AML compliance controls.
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Article
Diageo to pay $5M for disclosure failures
Alcohol producer Diageo has agreed to pay $5 million to resolve charges brought against it by the SEC for disclosure failures, due to weaknesses in its internal disclosure processes.
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Article
Ireland GDPR caseload nearly doubled in 2019
The Irish Data Protection Commission received 7,215 complaints during the first full year the General Data Protection Regulation was in force, representing a 75 percent increase on 2018’s figures of just over 4,000.
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Article
Reports: Bieber, Twitter’s Dorsey among 10.6M affected by MGM Resorts hack
Pop star Justin Bieber and Twitter CEO Jack Dorsey were among 10.6 million MGM Resorts guests to have their personal information exposed in a data breach last year, according to multiple reports.
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Article
DOJ antitrust official defends compliance credit initiative
A high-ranking member of the Department of Justice’s Antitrust Division addresses a recent policy change that evaluates corporate compliance programs as a potential leniency factor in antitrust cases.
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Article
Former Alstom, Marubeni execs face FCPA charges in bribery scheme
The Department of Justice unsealed an indictment against three more individuals for their role in a multi-year, multi-million-dollar foreign bribery scheme and related money-laundering scheme in Indonesia.
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Article
Treasury sanctions Rosneft subsidiary for Venezuelan ties
The Department of the Treasury’s Office of Foreign Assets Control has sanctioned a subsidiary of Russian state-run oil company Rosneft for operating in the oil sector of the Venezuelan economy.