All Compliance Week articles in Web Issue – Page 45
-
Blog
Ofi announces sustainability chief
Ofi, a Singapore-based food and beverage ingredients supplier, announced Roel van Poppel as its chief sustainability officer.
-
Blog
Leidos appoints general counsel
Science and technology company Leidos announced the appointment of Dan Antal as general counsel.
-
Blog
PRA Group to add CCO from TransUnion
PRA Group, an acquirer and collector of nonperforming loans, announced the appointment of Keith Warren as chief risk and compliance officer.
-
Blog
Tris Pharma appoints chief compliance officer
Tris Pharma announced the appointment of Franchesca Fowler as chief compliance officer and vice president, general counsel.
-
Premium
FCA sets out data ambitions, challenges firms to keep pace
Experts expect improvements in the U.K. Financial Conduct Authority’s use of data and reporting means a heightened obligation for timely compliance by companies subject to its remit.
-
News Brief
Amazon unit fined $35M under GDPR for employee productivity tracking
Amazon’s warehouse management arm in France was assessed a penalty of €32 million (U.S. $35 million) for violating the General Data Protection Regulation by excessively tracking the productivity of employees.
-
News Brief
ADM puts CFO on leave pending accounting probe
Food processing company ADM announced Chief Financial Officer Vikram Luthar was placed on administrative leave pending an investigation into accounting practices and procedures flagged by the Securities and Exchange Commission.
-
Resource
White paper: Quantify Third-Party Financial Risk to Efficiently Address Threats
Financial risk is one of the third-party risk management (TPRM) domains most likely to directly harm your organization.
-
News Brief
FRC ups board responsibilities in corporate governance code revisions
The Financial Reporting Council held back on the latest round of updates to the U.K.’s corporate governance code, as the country remains wary of pushing away businesses and investors.
-
Premium
Stiffer U.K. audit penalties posing more problems?
Legal experts are unconvinced record fines against audit firms imposed last year by the U.K. Financial Reporting Council will necessarily improve audit quality.
-
News Brief
NYDFS: Banks must vet execs, including CCOs, ‘not just upon hiring’
The New York State Department of Financial Services released final guidance on how banks and non-depository financial institutions should vet executives, including chief compliance officers, before and during their employment.
-
Premium
SEC-approved spot bitcoin ETFs come with unique compliance risks
The Securities and Exchange Commission’s approval of spot bitcoin exchange-traded funds will provide investors with the same access to bitcoin, bought for cash on the spot market, as they currently have to other investments—for better or worse.
-
News Brief
Hilcorp San Juan to pay $35M for royalty payment false claims
Hilcorp San Juan agreed to pay $34.6 million as part of a settlement with the Department of Justice addressing allegations of False Claims Act violations regarding underpaid royalties on oil and natural gas produced from federal lands.
-
News Brief
Wells Fargo unit fined $425K by FINRA over trade disclosures
Wells Fargo Securities agreed to pay a $425,000 penalty as part of a settlement with the Financial Industry Regulatory Authority addressing allegations of disclosure lapses affecting millions of trade confirmations and related supervisory failures.
-
Premium
Mixed reactions to new U.K. pensions code of practice
Lawyers and accountants in the United Kingdom have welcomed the publication of The Pensions Regulator’s new pensions code of practice but warned it might not improve the management of those that are not already well run.
-
Premium
OFAC official urges company transparency on ransomware events
Despite its reputation as a fierce enforcer of sanctions, the Office of Foreign Assets Control has a softer side and wants to help companies that are hit with ransomware attacks, according to the agency’s senior compliance officer.
-
News Brief
VF discloses data breach impacted 35.5M customers
Apparel company VF Corp., the owner of brands including The North Face, Vans, and Timberland, disclosed its estimation approximately 35.5 million customers had their personal data stolen as part of a cybersecurity incident it uncovered in December.
-
News Brief
ICBC fined $32M by NYDFS, Fed over compliance lapses
The Industrial and Commercial Bank of China and its New York branch agreed to pay $32.4 million in penalties levied by two regulators for failing to address compliance failures and for the unauthorized disclosure of confidential supervisory information to an overseas regulator.
-
Blog
Brown-Forman announces new general counsel
Alcoholic beverage company Brown-Forman Corp. announced Mike Carr, vice president, associate general counsel for regional and corporate development, will be promoted to general counsel.
-
Blog
Radiant Logistics names general counsel
Transportation logistics company Radiant Logistics announced Jaime Becker will be its senior vice president and general counsel.