All Compliance Week articles in Web Issue – Page 87
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Premium
Experts: XRP ruling offers little clarity on crypto regulation
A judge’s ruling the token XRP does not intrinsically possess the characteristics of a security that must be registered with the Securities and Exchange Commission has not cleared the uncertainty that remains around the regulation of digital assets, according to experts.
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News Brief
Criminal Division head Kenneth Polite to leave DOJ
Assistant Attorney General Kenneth Polite Jr. is set to leave the Department of Justice after a tenure highlighted by multiple policy changes intended to empower corporate chief compliance officers.
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Expert views mixed on viability of new EU-U.S. data transfer framework
The European Commission might have given a green light to the latest mechanism to allow safe data transfers between the European Union and the United States, but experts have mixed views regarding how long it will last and whether it is even legal.
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M&A lessons from EU’s maximum $476M fine against Illumina
The European Commission imposed maximum disciplinary measures in fining U.S.-based biotechnology company Illumina €432 million (U.S. $476 million) regarding its “gun-jumping” merger with cancer detection company Grail.
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Resource
Survey Report: U.S. bank failures prompt reassessment of third-party risks
The recent banking crisis—in which three mid-sized U.S. banks failed—prompted just under half of compliance professionals across all industries to reassess their TPRM procedures, according to a recent survey conducted by Compliance Week and Riskonnect.
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News Brief
SEC fines Cantor Fitzgerald $1.4M over large trader filing lapses
Financial services firm Cantor Fitzgerald agreed to pay a $1.4 million penalty as part of a settlement with the Securities and Exchange Commission addressing alleged reporting failures.
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News Brief
Norwegian DPA threatens Meta with fines over behavioral advertising
The Norwegian Data Protection Authority is set to impose a temporary ban on Meta carrying out behavioral advertising on Facebook and Instagram using the personal information of users in the country.
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News Brief
Latest CCPA sweep targets employee, applicant info protections
The California Office of the Attorney General has turned its attention to the practices of large companies regarding the protection of the personal information of employees and job applicants as part of its latest investigative sweep under the California Consumer Privacy Act.
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News Brief
FTC joins DOJ in rescinding healthcare antitrust guidance
The Federal Trade Commission announced the withdrawal of two antitrust policy statements the agency deemed “outdated.” The move puts the FTC in line with the Department of Justice, which announced a similar action earlier this year.
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News Brief
NextGen Healthcare to pay $31M in false claims case
Electronic health record technology vendor NextGen Healthcare agreed to pay $31 million as part of a settlement announced by the Department of Justice for allegedly misrepresenting the capabilities of its software.
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News Brief
CFTC whistleblower director steps down
Christopher Ehrman, the head of the whistleblower program at the Commodity Futures Trading Commission, departed the agency.
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Blog
PCAOB general counsel to depart
The Public Company Accounting Oversight Board announced the departure of Kenneth Lench as general counsel.
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Premium
Potential sanctions violations: To voluntarily self-disclose or not?
The Department of Justice scrutinizing sanctions on par with how it views bribery under the Foreign Corrupt Practices Act alters the calculus of whether a company should voluntarily self-disclose potential violations, experts discussed at CW’s TPRM Summit.
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Blog
Delta appoints chief sustainability officer
Delta Air Lines announced Amelia DeLuca will return to its global sustainability team as chief sustainability officer.
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Blog
Dentons names global compliance head
Law firm Dentons announced the appointment of Victoria White as global compliance officer.
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Blog
Canadian Solar chief compliance officer retires
Renewable energy company Canadian Solar announced Jianyi Zhang’s retirement as chief legal officer, chief compliance officer, and corporate secretary.
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Blog
SIG Sauer names CCO, general counsel
Firearms manufacturer SIG Sauer announced the appointment of Laurence Grayer as executive vice president, general counsel and chief compliance officer.
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Blog
Verisk recruits chief privacy officer from Dell
Data analytics and technology provider Verisk announced the appointment of Samantha Vaughan as chief privacy officer.
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News Brief
FTC questions OpenAI over ChatGPT data security practices
The Federal Trade Commission sent to ChatGPT developer OpenAI a list of questions seeking clarity on how the company monitors, collects, and retains user personal information and ensures control over its popular artificial intelligence chatbot.
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Premium
Survey: Investment adviser compliance ramps up testing on advertising, marketing
The most popular mock exams conducted by compliance professionals at investment adviser firms this year have been on the Securities and Exchange Commission’s advertising/marketing rule, according to a new poll.