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Eagle Bank

EagleBank fined $23M over improper lending, disclosure practices

2022-08-17T15:27:00+01:00By

EagleBank agreed to pay nearly $23 million in penalties for improperly loaning approximately $90 million to family trusts controlled by its former CEO over three years, then misleading investors about the loans.

KPMG

KPMG Korea fined $350K for audit procedure failures

2022-08-17T16:34:00+01:00By

The Korean affiliate of Big Four audit firm KPMG was fined $350,000 by the Public Company Accounting Oversight Board for failures in its quality control policies and procedures to protect against improper alterations of work papers.

SEC

Cybersecurity, beneficial ownership lessons found in SEC fraud case

2022-08-16T17:00:00+01:00By

Charges levied by the Securities and Exchange Commission regarding an international scheme in which hackers accessed online brokerage accounts to manipulate stock prices impart cybersecurity and beneficial ownership lessons for compliance professionals.

CW Surveys

Mergers

Survey: Tell us about your M&A compliance

Provided by Avalara

Take part in this 3-minute survey to help benchmark your mergers and acquisitions pain points against those of your peers. One lucky respondent will win a $200 Amazon gift card for completing the survey.

Partner Content

CUBE-Report-Compliance-2000x1333

CUBE Data Report: Overview of global enforcement trends

Provided by CUBE Global

In light of the ongoing impacts of the pandemic on the global financial industry, CUBE looks at this year’s regulatory data to analyze the global enforcement trends of 2021.

Data and Research

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  • CW case study offers 360-degree view of ransomware attack

  • Closing the data risk gap: How technology enables data protection

  • When academic studies and hoax hotline claims go ‘off the rails’

  • CW presents: ‘Coming Clean: Volkswagen’s Dieselgate scandal and compliance monitorship’

  • Compliance Week presents: ‘A Tale of Two Storms’

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More from Compliance Week

CFTC

SEC, CFTC propose large hedge funds provide more financial disclosure

2022-08-11T18:58:00+01:00By

The SEC and CFTC proposed expanding Form PF disclosure requirements for large hedge funds to include more information on their investment strategies, investment exposure, open positions, and borrowing arrangements with counterparties, among other areas.

ZTE

BIS charges Chinese cable giant with export control violations

2022-08-10T14:50:00+01:00By

The Commerce Department’s Bureau of Industry and Security charged China’s largest cable and wire manufacturer Far East Cable with export control violations related to its alleged dealings with telecommunications company ZTE to circumvent U.S. restrictions against Iran.

The Home Depot

DOJ-informed compliance guidance helps Home Depot prep for potential scrutiny

2022-08-10T12:00:00+01:00By

How can a company prove its compliance bona fides to a regulator, should one ever come knocking on its door? The Home Depot has prepared for such a scenario with detailed guidance pegged to the DOJ’s “Evaluation of Corporate Compliance Programs.”

FTC

Benefytt to refund $100M to customers who paid for sham health plans

2022-08-09T20:36:00+01:00By

The Federal Trade Commission ordered Florida-based Benefytt Technologies to refund $100 million to consumers who received sham healthcare insurance plans bundled with services they did not order.

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