Articles | Compliance Week – Page 124
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Citi appoints CCO for Australia, New Zealand
Citi Australia announced the appointment of Sarah Stewart as managing director and chief country compliance officer for Australia and New Zealand.
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Cordant Health names chief compliance officer
Medical technology company Cordant Health Solutions announced the appointment of Regina Morano as chief regulatory and compliance officer.
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ArticleCredit social media giants for prepping for election chaos
Silicon Valley’s social media heavyweights deserve a nod for “war-gaming” potential misinformation scenarios in advance of November’s elections, while McDonald’s again finds itself on our “Not Lovin’ It” list.
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ArticleCredit Suisse faces FINMA enforcement in corporate espionage case
Credit Suisse is learning the hard way that spying on former colleagues is frowned upon, following announcement of an enforcement proceeding against the Zurich-based bank by the Swiss Financial Market Supervisory Authority.
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Collaborative Imaging appoints chief compliance officer
Collaborative Imaging, a radiologist-owned alliance with more than 500 radiologists, has appointed David Silva as chief compliance officer.
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Age of Learning to pay $10M for billing practices; ‘digital deception’ a trend?
The company that runs ABCmouse Early Learning Academy found itself in the FTC’s crosshairs for what the Commission alleges are unfair billing practices that are part of a wider problem across the internet.
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ArticleWith CFPB in ‘retreat,’ California eyes state consumer finance agency
California wants to create its own state consumer finance protection agency because the federal Consumer Financial Protection Bureau is in “retreat,” Democratic Gov. Gavin Newsom says.
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ArticleCompetition agencies to enhance coordination in antitrust enforcement
Six competition agencies from five countries signed a new framework that aims to enhance not only their cooperation and coordination in global antitrust investigations, but their information-sharing efforts as well.
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FBI reforms compliance procedures, to establish new audit office
Compliance reforms set to take place at the FBI include enhanced training and oversight mechanisms and a newly created office to carry out “rigorous and robust auditing.”
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ArticleBest practices KYC: What to do when your client is in the headlines
How do we, as AML professionals, assess negative media alerts? It should start with a conversation with the client relationship manager, but it shouldn’t end there, writes Martin Woods.
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Orion Engineered Carbons appoints chief accounting officer
Orion Engineered Carbons, a worldwide supplier of specialty and high-performance carbon black, announced it has appointed Bob Hrivnak as chief accounting officer.
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ArticleRobinhood adds two CCOs amid reported SEC probe
Online stock trading platform Robinhood last week announced the appointment of two chief compliance officers as it reportedly faces scrutiny from the SEC and FINRA regarding its March system outages.
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ArticleFCA proposes expanding scope of financial crime reporting obligations
The U.K. Financial Conduct Authority seeks comment on a new proposal that would widen the scope of its annual financial crime reporting obligations to include firms whose regulated activities potentially pose a higher money laundering risk.
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ArticleSEC issues two whistleblower awards, cancels meeting on program changes
The SEC has announced nearly $4 million in whistleblower awards this week, though changes to agency’s tipster program set to be discussed Wednesday will once again hit the back burner.
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ArticleSamsung heir indicted on market manipulation, accounting fraud charges
Lee Jae-yong, the heir and de facto leader at Samsung, was indicted by South Korean prosecutors on charges related to a 2015 merger of two subsidiaries and alleged irregularities in accounting practices at another subsidiary.
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ArticleAn auditor’s perspective on big client turnover
An audit growth leader at KPMG shares his perspective on the process of public company auditor changes in the wake of GE’s decision to transition to working with Deloitte.
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ArticleQ&A with Kara Brockmeyer: How pandemic has impacted third-party risk
In advance of her keynote at Compliance Week’s upcoming TPRM virtual event (Sept. 17-18), former SEC official Kara Brockmeyer discussed with CW the heightened risk third parties have during a pandemic and what companies can do about it.
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ArticleSurvey: Automating entity management greatly reduces compliance risk
A new study from Compliance Week and Diligent finds that many companies are still using unsecure and inefficient entity management processes, leaving them vulnerable to compliance risk.
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ArticleSEC to consider limiting large whistleblower awards, weakening retaliation rule
The SEC had scheduled a Sept. 2 vote on controversial changes to its whistleblower program that, if passed, could weaken the agency’s prohibition of retaliation against whistleblowers and limit large rewards. The meeting has been canceled.
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ArticleEU data authorities take different approaches to Privacy Shield ruling
It appears Europe’s data authorities are prepared to interpret a key court judgement as they see fit in the absence of definitive guidance from the bloc’s primary privacy regulator.