- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
New climate disclosure guidance from The European Bank for Reconstruction and Development, meant to be promoted by G20 countries, will help the largest companies in the world with how they disclose long-term impacts of climate change in their financial results. The guidance is especially sought after by financial services firms.
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Legal cases and fines for noncompliance with EU’s GDPR could rise sharply after a court found that a breach was a source of unfair competition. The judgment also opens doors to civil cases over companies that ignoring expensive or challenging rules, such as those regarding AML/CFT.
Twelve more firms have been dinged with fines by the Securities and Exchange Commission for failing to properly supervise employees who used off-channel communications to conduct company business. In this latest round of enforcement actions, nine investment advisers and three broker-dealers will pay a total of $63 million.
Experian, the credit reporting giant, let compliance slide when it came to addressing consumer complaints about incorrect data, the Consumer Financial Protection Bureau said in a lawsuit against the credit agency.
