All Compliance Week articles in Web Issue – Page 4
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Blog
Duke University appoints general counsel
Duke University announced the appointment of Kim Taylor as vice president and general counsel, effective Sep. 1.
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Blog
Allegion announces general counsel
Global security products and solutions provider Allegion appointed Stacy Cozad as senior vice president, general counsel, and corporate secretary, effective Aug. 5.
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Blog
Eastern Bank names Intercontinental Real Estate risk chief to board
Eastern Bankshares announced the appointment of Cambridge Bancorp’s Board of Director and Intercontinental Real Estate Corporation’s Chief Risk Officer Leon Palandjian to the Eastern and Eastern Bank boards of directors.
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Blog
Merlin adds general counsel
Digital music licensing partner Merlin welcomed Neil Miller as its new general counsel.
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Blog
PCRIC appoints chief risk officer
PCRIC appointed Richard Poulter as the company’s new chief risk officer.
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Blog
Avanos Medical names Alnylam legal chief to board
Avanos Medical announced that Indrani Franchini, who most recently served as executive vice president and chief legal officer at Alnylam Pharmaceuticals, has been appointed as a new independent member of the Avanos board of directors.
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Blog
Agilent announces chief legal officer
Agilent Technologies announced that Bret DiMarco has been named to lead the company’s global legal organization as senior vice president, chief legal officer, and secretary.
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Blog
Standard Chartered Bank (Hong Kong) appoints risk chief
Standard Chartered Bank (Hong Kong) Limited announced the appointment of Norbert Wong as chief risk officer.
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News Brief
FCC orders Sorenson unit to pay $34.6M over illegal data retention
Sorenson Communications agreed to pay $34.6 million and implement a comprehensive compliance program to settle allegations levied by the Federal Communications Commission that its subsidiary illegally retained call content of users who relied on captions to make and receive calls.
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Premium
FTC proposes $5M penalty for NGL Labs, founders over COPPA violations
The Federal Trade Commission ordered anonymous messaging app creator NGL Labs and its two founders to pay $5 million for unfairly marketed to children and falsely claiming artificial intelligence filtered out bullying messages and threats.
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News Brief
CFPB orders Fifth Third Bank to pay $20M over fake accounts, forced auto coverage
Ohio-based Fifth Third Bank will pay $20 million in penalties to the Consumer Financial Protection Bureau for allegedly opening fake bank accounts and wrongfully repossessing customers’ vehicles.
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Premium
New U.K. codes strive to restore falling trust, integrity
Codes of ethics and conduct are becoming ubiquitous, yet instilling high standards of corporate integrity still seems an elusive goal. Why is corporate culture such a challenge?
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News Brief
OCC proposes recovery plan rule for banks with $100B or more in assets
The Treasury Department’s Office of the Comptroller of the Currency proposed a rule that would extend requirements for recovery plans to all banks with at least $100 billion in assets.
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News Brief
Boeing agrees to plead guilty, pay additional $244M for violating 2021 DPA
Boeing will plead guilty to a felony and pay an additional $243.6 million for violating the terms of a 2021 settlement it made with the Department of Justice related to safety lapses that contributed to the crash of two airplanes.
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Basic Page
FTC orders Vroom to pay $1M after it ‘sped right past compliance’
Vroom, the former online used car dealer, agreed to pay $1 million to settle allegations by the Federal Trade Commission that it didn’t abide by consumer protection laws, including providing prompt refunds.
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Premium
Q&A: Seaco general counsel, compliance head on environmental regulations
Dominic Buckwell, general counsel and compliance head at global marine container leasing company Seaco, discussed key themes including anti-money laundering, sanctions, and why the industry needs common environmental reporting standards.
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News Brief
Ex-Outcome Health execs sentenced for overbilled ad revenue, misleading auditor
Three former executives of Chicago-based Outcome Health, a healthcare technology company, were sentenced for misleading an auditor, clients, lenders, and investors about a scheme to sell $45 million in overbilled advertisements.
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Premium
SCOTUS extends timeline for regulated entities seeking to overturn regulations
The U.S. Supreme Court extended the statute of limitations for businesses attempting to challenge some federal regulations, allowing regulated entities a longer timeline to appeal a decision.
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Premium
DOJ orders Evolution Health to pay $4.5M over alleged kickbacks, false claims
A home health company operating in Indiana, Ohio, and Texas agreed to pay nearly $4.5 million to settle allegations it filed false claims by giving sports tickets and other kickbacks to assisted living facilities in exchange for referrals.
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News Brief
Silvergate Bank to pay $63M to Fed, California over BSA/AML deficiencies
Crypto-friendly Silvergate Bank will pay a total of $63 million penalties to California and the Federal Reserve Board to settle charges that its anti-money laundering program failed to properly monitor more than $1 trillion worth of customer transactions.