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Twitter agrees to $150M settlement with DOJ, FTC over data privacy lapses

2022-05-26T18:39:00+01:00By

Twitter agreed to a $150 million settlement with the Department of Justice and Federal Trade Commission for violating a 2011 administrative order by “misrepresenting” how it used nonpublic user information.

SEC building

SEC rule proposal would order investment firms to back up ESG claims

2022-05-25T22:52:00+01:00By

The Securities and Exchange Commission proposed a new rule that would require registered investment advisers, investment companies, and business development companies to submit enhanced disclosures about funds that claim ESG strategies drive their investment choices.

Global business

Best practices, common pitfalls in working in high-risk countries

2022-05-25T13:50:00+01:00By

A panel of compliance professionals discussed the increasingly relevant topic of working in high-risk countries, sharing their experiences and lessons learned at Compliance Week’s National Conference in Washington, D.C.

Special Report

FedEx truck

Desire for transparency launches FedEx on ESG journey

2022-05-10T11:00:00+01:00By

Since 2008, FedEx has produced detailed reports on its ESG initiatives. The company’s chief sustainability officer discusses the decision-making process behind the first report, determining materiality, and more in Part 1 of this four-part special report, published in partnership with the ICA.

2022 Excellence in Compliance Awards

Kelly Maxwell EIC 2022

‘Trusted partner’ Kelly Maxwell of Dana-Farber named CCO of the Year

2022-05-16T16:00:00+01:00By

Kelly Maxwell can’t cure cancer, but she and her team do their part to help the rest of the Dana-Farber Cancer Institute achieve that mission. For her work, Maxwell was named CCO of the Year at the 2022 Excellence in Compliance Awards.

Snap EIC 2022

​Commitment to kindness earns Snap honor of Compliance Program of the Year

2022-05-16T16:00:00+01:00By

For Snap, kindness has long been a core value, but only last year did the company overhaul its code of conduct to thrust the term to the forefront of its internal communications. Snap was recognized as Compliance Program of the Year at the 2022 Excellence in Compliance Awards.

Tamar Frankel EIC 2022

Conviction, moral fortitude define Lifetime Achievement winner Tamar Frankel

2022-05-16T16:00:00+01:00By

Tamar Frankel’s 50-year career as a law professor at Boston University more than satisfies her being honored for Lifetime Achievement at the 2022 Excellence in Compliance Awards. Yet, to limit the scope of Frankel’s accomplishments to her academic career would be a massive oversight.

CW Surveys

SECcrop

Survey: Are you prepared for the SEC’s climate-related disclosure rule?

Provided by

Let us know what you think of the SEC’s proposed climate-related disclosure rule and whether your company will be prepared to comply.

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

  • 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’

Partner Content

More from Compliance Week

Olympus

Lessons learned from Olympus compliance monitorship

2022-05-24T11:39:00+01:00By

Christine Gordon, chief compliance officer at Olympus Corporation of the Americas, spoke about her company’s experience working with a DOJ-selected independent monitor at Compliance Week’s National Conference.

Clearview AI

ICO fines Clearview AI $9.4M over alleged data privacy lapses

2022-05-23T17:39:00+01:00By

The U.K. Information Commissioner’s Office fined Clearview AI more than £7.5 million (U.S. $9.4 million) for collecting people’s images from internet and social media sites without their knowledge or consent.

BNY Mellon

BNY Mellon fined $1.5M by SEC for misstatements on ESG mutual funds

2022-05-23T17:30:00+01:00By

BNY Mellon Investment Adviser has agreed to pay a $1.5 million fine to the Securities and Exchange Commission for making “misstatements and omissions” on environmental, social, and governance mutual funds it managed over three years.

Wells Fargo bank

Wells Fargo unit fined $7M for AML transaction monitoring failures

2022-05-20T18:26:00+01:00By

For the second time in five years, a subsidiary of Wells Fargo has been charged by the Securities and Exchange Commission with failing to file suspicious activity reports in a timely manner due to deficiencies in the system it used to flag transactions.

LinkedIn Group

    Looking for a forum to interact with corporate compliance officers, internal auditors, risk officers, financial reporting executives, and other corporate governance enthusiasts? Join the Compliance Week LinkedIn group, where members network and discuss GRC news and issues. Open to compliance practitioners.