All Compliance Week articles in Web Issue – Page 44
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News Brief
DOJ, FTC re-emphasize requirement to retain business communications
The Department of Justice and Federal Trade Commission updated language contained in standard preservation letters regarding the maintaining of business communications made via collaboration tools and ephemeral messaging apps.
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News Brief
Aon unit to pay $1.5M for misleading pension fund
Aon Investments USA and its former partner agreed to pay nearly $1.6 million in combined penalties to settle charges by the Securities and Exchange Commission that they misled a Pennsylvania school pension fund.
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News Brief
SPAC to avoid $1.5M SEC fine for failing to disclose pre-IPO merger talks
Northern Star Investment Corp. II faced a penalty of $1.5 million to settle charges laid by the Securities and Exchange Commission that it made misleading statements in its January 2021 initial public offering.
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News Brief
CFTC seeking comment on applications of AI in compliance
The Commodity Futures Trading Commission would like to learn more about how regulated entities might be using artificial intelligence in their compliance efforts, along with other applications.
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Premium
U.K. Post Office scandal sparks contractor accountability debate
The recent furor in the United Kingdom over the Post Office’s wrongful prosecutions of sub-postmasters for alleged fraud has put the government’s relationship with private contractors under the spotlight and raised questions about how companies could be held more accountable in future.
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FINMA eyeing more power over banks. Will it make a difference?
Bonus clawbacks, more fines, and a senior management regime that clearly identifies individual executives’ responsibilities for key governance areas are all options being considered by the Swiss Financial Market Supervisory Authority in response to the collapse of Credit Suisse.
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News Brief
ICO seeking input on generative AI to inform guidance
The U.K. Information Commissioner’s Office is seeking input from developers, users, and those interested in generative artificial intelligence to help inform policy and guidance regarding the technology.
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Premium
FCPA violations in China: Lessons learned from 2023 cases
Enforcement actions regarding alleged violations of the Foreign Corrupt Practices Act at 3M, Albemarle, Clear Channel Outdoor, and Royal Philips each had China touchpoints. Experts assess third-party risk management lessons learned from each case.
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News Brief
Ex-DOJ Criminal Division head Polite to lead Tavistock Group compliance review
Private equity company Tavistock Group announced the retention of law firm Sidley Austin to conduct a compliance review, the same week that its billionaire founder pleaded guilty to U.S. insider trading charges.
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Blog
Scripps names new legal chief
The E.W. Scripps Company, a diversified media company, announced the appointment of Dave Giles as chief legal officer.
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Blog
Eos Energy appoints chief compliance officer
Battery manufacturer Eos Energy Enterprises announced the appointment of Michael Willis Silberman to serve as the company’s general counsel, chief compliance officer, and corporate secretary.
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Blog
Zurich North America names finance head as risk chief
Insurance solutions and services provider Zurich North America appointed Ann Chai as chief risk officer.
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Blog
Kensington Asset Management appoints compliance chief
Kensington Asset Management welcomed Steven Chang as its new chief compliance officer.
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Blog
American Coastal Insurance announces compliance, risk chief
American Coastal Insurance Corp. promoted J. Andy Gray to the newly created position of chief compliance and risk officer.
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Blog
Ardent Mills adds general counsel, chief compliance officer
Flour supplier Ardent Mills announced Kate Kimball as general counsel, corporate secretary, and chief compliance officer.
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Premium
New DOJ cyber section wants more private sector partnership
Cooperation between businesses and the new cybersecurity section at the Department of Justice has led to the successful defanging of numerous, major ransomware operations worldwide in just the few months since its creation, according to its chief.
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News Brief
FINRA report highlights crypto communication violations
The Financial Industry Regulatory Authority announced it uncovered potential violations of its disclosure rules in 70 percent of crypto asset communications reviewed during a targeted exam.
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Blog
Grove Collaborative adds general counsel
Sustainable consumer products company Grove Collaborative Holdings announced the appointment of Scott Giesler as general counsel.
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Blog
Alta Equipment Group announces legal chief, general counsel
Construction equipment supplier Alta Equipment Group appointed Jeff Hoover as chief legal officer and general counsel.
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Blog
R&T Deposit Solutions names chief risk officer
R&T Deposit Solutions, a provider of services to financial institutions, announced it appointed Jason Mull as executive vice president, chief risk officer and chief information security officer.