All Compliance Week articles in Web Issue – Page 50
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News Brief
MAS fines Credit Suisse $3M for failing to monitor Singapore managers
The Monetary Authority of Singapore imposed a 3.9 million Singapore dollars (U.S. $3 million) penalty on Credit Suisse for failing to detect misconduct by relationship managers at its Singapore branch.
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Blog
LCPtracker appoints chief legal officer
Prevailing wage and construction site compliance solutions provider LCPtracker announced the appointment of Mick Galvin as chief legal officer.
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Blog
Harpoon Therapeutics adds legal chief
Harpoon Therapeutics announced the appointment of James Bucher as chief legal officer.
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Blog
Olympus names global general counsel
Medical technology company Olympus announced the appointment of Neil Boyden Tanner as global general counsel.
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Blog
ATP appoints chief risk officer
Denmark-based pension processor ATP appointed Jacob Lester as its new chief risk officer.
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Blog
Vista Equity Partners promotes legal, compliance chiefs to senior managing director
Investment firm Vista Equity Partners announced the promotions of Chief Compliance Officer Gwen Reinke and Chief Legal Officer Alan Schwartz to senior managing director.
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News Brief
Reports: BNP Paribas involved in French money laundering probe
French authorities are investigating alleged “aggravated money laundering” contained in transfers between a BNP Paribas affiliate and a Cypriot brokerage firm that might have benefitted a Russian warlord, according to media reports.
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News Brief
CMMC implementation plan takes shape in proposed rule
The Department of Defense released for comment a proposed rule setting guidelines for implementation of the Cybersecurity Maturity Model Certification program.
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News Brief
NYDFS issues guidance for responding to climate-related risks
The New York State Department of Financial Services issued guidance to regulated banking and lending institutions on managing material financial and operational risks related to climate change.
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Premium
Compliance with CSRD, CS3D, national laws an EU balancing act
Companies could be in danger of failing to comply with a raft of social responsibility-minded legislation at the European Union and national level because they might mistakenly think duties on corporates overlap when they do not.
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Blog
Disney general counsel named chief legal officer
The Walt Disney Company announced Senior Executive Vice President, General Counsel and Chief Compliance Officer Horacio Gutierrez will be its senior executive vice president, chief legal and compliance officer.
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Blog
Bumble chief legal and compliance officer to resign
Online dating app Bumble announced its chief legal and compliance officer and secretary, Laura Franco, has decided to resign.
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Blog
Northern Data Group appoints group chief legal officer
German-based computing solutions provider Northern Data Group announced the appointment of Rudolf Haas as group chief legal officer.
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Blog
Chime adds chief compliance officer
Financial technology company Chime welcomed Shara Chang as chief compliance officer.
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Blog
Wood Group names Nabors CCO as group general counsel
Scotland-based consulting and engineering company John Wood Group announced Michael Rasmuson will join as group general counsel.
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News Brief
LPL Financial fined $5.5M by FINRA over transaction supervision lapses
Independent broker-dealer LPL Financial agreed to pay more than $6 million as part of a settlement with the Financial Industry Regulatory Authority addressing alleged supervision failures regarding direct business transactions and the suitability of switch transactions.
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News Brief
Interactive Brokers fined $3.5M in FINRA action
Electronic trading platform Interactive Brokers received a $3.5 million penalty from the Financial Industry Regulatory Authority for multiple alleged violations of the self-regulatory organization’s rules regarding execution and supervision.
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News Brief
OEP Capital Advisors fined $4M over policy failures
OEP Capital Advisors agreed to pay a $4 million penalty as part of a settlement with the Securities and Exchange Commission addressing alleged deficiencies regarding the prevention of misuse of material nonpublic information.
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News Brief
Ex-ChristianaCare CCO wins $12M in False Claims Act settlement
The former chief compliance officer of ChristianaCare Health System will receive more than $12 million as part of a settlement addressing his allegations of kickbacks and other False Claims Act violations at the Delaware-based hospital network.
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News Brief
SEC fines UAE-based Brooge Energy $5M in fraud case
Brooge Energy agreed to pay $5 million in a settlement with the Securities and Exchange Commission resolving fraud charges related to a scheme to inflate revenues.