All Compliance Week articles in Web Issue – Page 43
-
Blog
Quintet Private Bank announces risk chief
Luxembourg-based Quintet Private Bank announced the appointment of Christine Lynch as group chief risk officer.
-
Blog
AgroAmerica appoints sustainability chief
Guatemala-based agriculture company AgroAmerica announced the appointment of Javier Aguirre as its first corporate affairs and chief sustainability officer.
-
Blog
CMA announces general counsel
The U.K. Competition and Markets Authority appointed Chris Prevett as permanent general counsel, having undertaken the role on an interim basis since July 2022.
-
Premium
Meta’s ‘pay or consent’ model to force GDPR to adapt?
Experts weigh in on Meta’s plans to charge EU users monthly if they do not want to be tracked for online advertising and what the ramifications of the model would mean for the future of the General Data Protection Regulation.
-
Premium
What future holds for PCAOB post China crackdowns
The Public Company Accounting Oversight Board’s first enforcement settlements with mainland China and Hong Kong firms won’t be the last, as the chair of the regulator says its “just getting started.” U.S. firms must be mindful of the specific ethical issues highlighted.
-
News Brief
Business groups sue to halt California climate disclosure laws
A coalition of business groups filed a lawsuit opposing two California laws that require large businesses to make climate-related disclosures, calling it a fight against illegal and excessive government overreach.
-
News Brief
OCC proposes stricter review process for bank mergers
The Office of the Comptroller of the Currency proposed eliminating expedited or streamlined reviews of mergers for national banks and federal savings associations.
-
Premium
Deloitte survey: Companies unprepared for AI governance, risk challenges
Just 25 percent of corporate leaders felt their organizations were highly prepared to handle the governance and risk issues posed by generative artificial intelligence, a Deloitte survey found.
-
Premium
Consultation opens debate on proposed U.K. cyber governance code
Cybercrime is regularly cited as a leading concern for executives, yet board oversight of cyber risks is often inadequate and governance poorly understood, according to the authors of a proposed U.K. code of practice on cybersecurity governance.
-
News Brief
TD Bank reportedly facing fine for faulty AML controls
The Financial Transactions and Reports Analysis Centre of Canada is reportedly preparing to issue its largest fine to date against TD Bank for faulty anti-money laundering controls.
-
News Brief
Treasury cites Iraqi bank, owner over terrorist financing concerns
Al-Huda Bank faces severance from the U.S. financial system for being a conduit of terrorist financing, according to the Financial Crimes Enforcement Network, while its owner, Hamad al-Moussawi, was sanctioned by the Office of Foreign Assets Control.
-
News Brief
Calif. AG launches sweep into streaming apps’ compliance with CCPA
California Attorney General Rob Bonta announced the launch of an investigative sweep targeting popular streaming apps and devices, alleging noncompliance with the California Consumer Privacy Act.
-
Blog
ERI appoints sustainability chief
Electronics and information technology asset disposition provider ERI named David Hirschler, who formerly served as senior director of sustainability and legislative compliance at the company, as its chief sustainability officer.
-
Blog
Liberty Bankers Insurance Group names risk chief
Liberty Bankers Insurance Group announced the hiring of John Blocher as vice president, actuary and chief risk officer.
-
Blog
AlphaGen announces general counsel
Alpha Generation, manager of one of the largest power infrastructure portfolios in the United States, announced Jason Buchman as general counsel.
-
Blog
Surge Ventures adds Farmers Financial Solutions’ CCO to advisory board
Surge Ventures, a software-as-a-service venture studio, added Farmers Financial Solutions’ Chief Compliance Officer Ann Robinson to its advisory board.
-
Blog
KP Aviation CEO shifts to chief compliance officer role
Aftermarket aerospace material and services provider KP Aviation announced Kim Schulze, the co-founder and current chief executive officer, will transition to the newly created role of principal and chief compliance officer.
-
Blog
Micron announces legal chief
Storage solutions provider Micron Technology announced the appointment of Michael Ray as senior vice president, chief legal officer and corporate secretary.
-
Premium
The pros and cons of generative AI in AML compliance
Generative artificial intelligence providers often promote their technologies as revolutionary tools that can enhance anti-money laundering processes. But the issues and shortcomings associated with the technologies must also be acknowledged.
-
News Brief
MGM Grand, Cosmopolitan fined $7.5M total over BSA violations
Two Las Vegas casinos agreed to pay penalties of nearly $7.5 million as part of separate non-prosecution agreements with the Department of Justice addressing violations of the Bank Secrecy Act over alleged anti-money laundering compliance failings.