All Compliance Week articles in Web Issue – Page 90
-
News Brief
CCO among 12 individuals charged in DOJ, SEC insider trading sweep
The Department of Justice and Securities and Exchange Commission announced charges against a dozen individuals across four separate insider trading cases, including an alleged scheme involving the chief compliance officer of an international payment processing company.
-
News Brief
CenCal Health to pay $49.5M in wider DOJ false claims case
County-organized health system CenCal Health and three other healthcare providers agreed to pay a total of $68 million across settlements with the Department of Justice regarding alleged false claims submitted under California’s Medicaid program.
-
Premium
SEC’s Grewal spotlights enforcement focus on cyber disclosures
The No. 1 priority at the Securities and Exchange Commission after organizations are impacted by a cybersecurity incident is that investors receive timely and accurate disclosures, according to Enforcement Division Director Gurbir Grewal.
-
News Brief
PwC, KPMG fined over audit lapses at Eddie Stobart Logistics
The U.K. Financial Reporting Council separately penalized Big Four audit firms PwC and KPMG for deficiencies in their work at transport company Eddie Stobart Logistics for the financial years ended 2018 and 2017, respectively.
-
News Brief
Lawsuit: Ex-FTX CCO bribed whistleblowers into silence
The former chief compliance officer at cryptocurrency exchange FTX paid off whistleblowers and their lawyers trying to expose the company’s fraud, according to a lawsuit filed in bankruptcy court by FTX and its debtors.
-
Premium
Fed’s Powell: Three takeaways from recent bank failures
Federal Reserve Chair Jerome Powell shared in a speech three observations he had regarding the failures of Silicon Valley Bank, Signature Bank, and First Republic Bank earlier this year.
-
Premium
Kroll survey: Firms rapidly adopting AI tools for financial crime compliance
A new survey of senior leaders and risk professionals from around the world found more than half the respondents have turned to artificial intelligence technology to address a perceived rise in financial crime risks, although most solutions are still rather new.
-
Webcast
CPE Webcast: It’s 10 p.m. Do you know where your data is?
This webinar will provide practical guidelines for compliance professionals to address the pervasive issue of unmanaged data.
-
Premium
Experts: Pressure on compliance to begin assessing AI Act impact
Compliance functions are largely unprepared for the European Union’s AI Act, with many still unaware of what artificial intelligence their organizations are using or the risks the technology poses to their business, according to experts.
-
News Brief
ACI Worldwide fined $25M for lax data handling, unauthorized transactions
The Consumer Financial Protection Bureau ordered ACI Worldwide to pay a $25 million fine for improper data handling that led to approximately $2.3 billion in erroneous mortgage payment transactions.
-
Webcast
CPE Webcast: Mobile compliance made easy: Best practices for small firms
In today’s fast-paced business world, firms must adapt to the ever-changing mobile compliance and technology landscape to stay competitive.
-
News Brief
APRA pressures Medibank on cyber enhancements post-breach
The Australian Prudential and Regulation Authority will require Medibank Private to hold 250 million Australian dollars (U.S. $166 million) in extra capital until the insurer remediates identified cybersecurity weaknesses after a significant data breach.
-
Article
MOVEit ransomware attack shows sophistication of cybercriminals
In an era marked by an increase in digital threats, it’s vital to understand how sophisticated cybercriminal syndicates like Clop can impact the financial sector.
-
News Brief
Treasury report recommends stricter supervision of insurers’ climate risks
The Treasury Department’s Federal Insurance Office issued a report on gaps in how states supervise and assess climate-related risks among insurers.
-
Premium
Google Cloud touts impact of new AML AI product
Google Cloud launched a new anti-money laundering product for financial institutions that utilizes artificial intelligence and machine learning to replace manually defined rules used to spot suspicious transactions.
-
Blog
Teleperformance appoints chief legal, compliance officer
Business services company Teleperformance announced the appointment of Teri O’Brien as chief legal and compliance officer.
-
Blog
Everest Re recruits CISO from FBI
Insurance provider Everest Re announced the appointment of Don Good as chief information security officer.
-
News Brief
Citing SVB failure, bill proposes big bank chief risk officer mandates
A bill proposed by a House Democrat would require large banks to have a chief risk officer and notify relevant regulators when the position becomes vacant.
-
Premium
Fed governor: Increased bank regulation may do more harm than good
Michelle Bowman of the Federal Reserve Board of Governors warned in a speech the agency’s response to the banking crisis might end up hurting the mid-sized financial institutions it is supposed to help.
-
News Brief
Credit Suisse unit to pay $900K over reporting, supervisory lapses
Credit Suisse Securities agreed to pay $900,000 to settle charges levied by the Financial Industry Regulatory Authority regarding reporting and supervision lapses.