All Compliance Week articles in Web Issue – Page 54
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News Brief
AI Act moves toward final approval
The European Union’s landmark legal framework to regulate artificial intelligence received political agreement, moving one step closer to official adoption.
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Premium
Three areas for leveling up continuous compliance review and monitoring
Compliance professionals often do not think broadly enough about what can and should fall under the umbrella of monitoring and review that will positively impact their ethics and compliance programs. Mary Shirley offers suggestions for program elements to review.
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Webcast
Webcast: Application security and controls: Avoiding the resurgence of material weaknesses
We’ll discuss real-life examples of companies who have implemented technologies and techniques to monitor internal controls, increase control testing accuracy, boost security role precision, reduce the cost of compliance, improve ERP operational effectiveness, or recover from a material weakness.
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News Brief
FBI guidance: How to earn delay on SEC cyber incident disclosures
Businesses seeking additional time before disclosing to the Securities and Exchange Commission the occurrence of a material cybersecurity incident must be prepared to provide detailed information on the matter to the Federal Bureau of Investigation.
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News Brief
U.S. agencies issue ‘know your cargo’ transport compliance note
Five agencies of the U.S. government combined to issue best practices guidance for entities in the maritime and other transportation industries to help reduce risk of sanctions and export control violations and evasion efforts.
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Premium
Tackling off-channel communications? Don’t forget ephemeral messaging
As if creating policies and procedures to handle employee use of off-channel communications is not difficult enough, ephemeral messaging platforms can make it even more difficult to recover messages in transit.
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News Brief
OFAC: Nasdaq to pay $4M over ex-subsidiary’s Iran sanctions lapses
Nasdaq agreed to pay more than $4 million as part of a settlement with the Office of Foreign Assets Control addressing apparent Iran sanctions violations at the stock exchange operator’s former Armenian subsidiary.
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Premium
Efficiency, consistency among goals of modernized TPRM program
Managing directors at KPMG share how firms are making strides in building robust third-party risk management programs for the future.
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Premium
AI in 2024: More business use, more fraud risks
Use of generative artificial intelligence by businesses will ramp up in 2024, as will risk of AI-driven cyberattacks and fraud, according to experts.
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News Brief
OCC risk report homes in on AI challenges to banking
Artificial intelligence was highlighted as an emerging risk to the federal banking system as part of the Office of the Comptroller of the Currency’s latest semiannual risk perspective.
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News Brief
Lafourche Medical Group to pay $480K in landmark HHS phishing action
Louisiana-based Lafourche Medical Group agreed to pay $480,000 as part of the first phishing attack-related settlement the Department of Health and Human Services’ Office for Civil Rights has reached under the Health Insurance Portability and Accountability Act.
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News Brief
FINTRAC fines CIBC $950K over AML lapses
The Canadian Imperial Bank of Commerce received the second penalty for alleged deficiencies regarding suspicious transaction reporting announced this week by Canada’s financial intelligence agency.
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News Brief
Atlantic Union Bank to pay $6.2M in CFPB overdraft case
Atlantic Union Bank agreed to pay $6.2 million as part of a settlement with the Consumer Financial Protection Bureau resolving allegations the bank illegally enrolled and misled customers in its checking account overdraft programs.
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Blog
Great Gulf Group hires chief legal officer
Real estate company Great Gulf Group hired Corinne Pruzanski as chief legal officer.
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Blog
Calliditas names group general counsel
Pharmaceutical company Calliditas Therapeutics appointed Brian Gorman as group general counsel.
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Blog
Cardano appoints U.K. head of sustainability
Investment management and advisory business Cardano announced the appointment of Keith Guthrie as head of sustainability for the United Kingdom and NOW: Pensions.
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Blog
Emerson names chief legal officer
Automation software and technology firm Emerson announced the appointment of Michael Tang as senior vice president, secretary and chief legal officer.
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Blog
De Beers announces general counsel
Diamond company De Beers Group announced Tom Johnson as general counsel.
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Blog
American Association for Debt Resolution appoints compliance head
The American Association for Debt Resolution announced the appointment of Stacey Silva as head of compliance.
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News Brief
Trafigura to reserve $127M for DOJ settlement over Brazil bribes
Singapore-based commodity trading company Trafigura said it will disclose a $127 million provision related to the resolution of a Department of Justice investigation into alleged improper payments made in Brazil by former employees.