All Compliance Week articles in Web Issue – Page 51
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News Brief
PURE Insurance to pay $466K in OFAC sanctions case
Insurance organization Privilege Underwriters Reciprocal Exchange agreed to pay $466,200 as part of a settlement with the Office of Foreign Assets Control addressing alleged sanctioned transactions on behalf of designated Ukrainian-Russian oligarch Viktor Vekselberg.
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News Brief
FinCEN sets access rules for beneficial ownership registry
The Financial Crimes Enforcement Network made several changes suggested by commenters to a new rule allowing limited access to its beneficial ownership information registry.
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News Brief
CFTC names chief data officer to boost analytic capabilities
The Commodity Futures Trading Commission announced two appointments to its Division of Data designed to help the agency leverage analytics and emerging technologies to improve its policymaking and oversight efforts.
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Premium
Q&A: Wolters Kluwer EVP on using AI to ease data analysis
Sandeep Sacheti, executive vice president for customer information management and operational excellence at Wolters Kluwer, shares with Compliance Week how the company’s financial and corporate compliance division uses artificial intelligence to manage and analyze data.
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News Brief
FTC seeking comment on proposed COPPA enhancements
The Federal Trade Commission issued a notice of proposed rulemaking to strengthen data security requirements and modernize certain aspects of the Children’s Online Privacy Protection Act Rule.
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Blog
Baldor Specialty Foods adds general counsel
Baldor Specialty Foods announced Avisheh Avini as general counsel.
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Blog
KSL promotes general counsel to partner
KSL Capital Partners, an investor in travel and leisure businesses, announced the promotion of General Counsel Kevin Rohnstock to partner.
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Blog
BBB National Programs adds NPR legal chief to board, re-elects EXL CECO
Nonprofit BBB National Programs announced the addition of NPR Chief Legal Officer, General Counsel, and Secretary Elizabeth Allen to its board. Re-elected to the board was EXL Chief Compliance and Ethics Officer Joel Katz.
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Blog
Truist appoints chief legal officer
Truist Financial Corp. announced Scott Stengel will join the company as senior executive vice president and chief legal officer.
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Blog
NMSU adds new general counsel
New Mexico State University selected Lisa Henderson as general counsel and chief legal affairs officer.
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Blog
Bicara Therapeutics appoints chief legal officer
Biotechnology company Bicara Therapeutics announced the appointment of Lara Meisner as chief legal officer.
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Premium
Shades of GDPR? Experts assess AI Act as global standard
As the European Union’s AI Act sets its sights on 2026 to take full effect, experts are concerned other key jurisdictions might introduce divergent legislation that treats artificial intelligence use differently, thus making it difficult for companies to ensure compliance.
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News Brief
Philips unit settles DOJ false claims case for $14.7M
Wireless medical technology company BioTelemetry and its subsidiary LifeWatch Services agreed to pay more than $14.7 million as part of a settlement with the Department of Justice regarding alleged false claims submitted to federal healthcare programs.
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News Brief
Rite Aid gets 5-year facial recognition use ban from FTC
Retail pharmacy chain Rite Aid agreed to a five-year ban on its use of facial recognition technology for surveillance purposes as part of a settlement with the Federal Trade Commission.
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Blog
Venerable Investment Advisers tabs general counsel
Venerable Holdings announced the addition of Kristina Magolis, who will serve as general counsel of Venerable Investment Advisers, its new wholly owned subsidiary.
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Blog
Flutterwave announces head of compliance, first risk chief
Payments technology company Flutterwave announced the appointment of Amaresh Mohan as its first chief risk officer and Amanda Ortega as head of compliance, United States.
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Blog
Beam Suntory names chief diversity and inclusion officer
Alcoholic beverage company Beam Suntory announced Jamey Martin was named chief diversity, equity and inclusion officer.
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Blog
Boeing appoints chief sustainability officer
Aerospace giant Boeing named Brian Moran as chief sustainability officer. He will succeed Chris Raymond, who was promoted to president and chief executive officer of Boeing Global Services.
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Blog
Baker Hughes names chief legal officer
Energy technology company Baker Hughes announced Georgia Magno as chief legal officer.
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Blog
IAG appoints interim group general counsel
Insurance Australia Group appointed Karen Ingram as interim group general counsel.