Articles | Compliance Week – Page 130
-
Article
CCO for investment firm altered docs to cover compliance failures, SEC says
A New York investment advisor and broker-dealer firm and its former chief compliance officer have been fined and censured for not fixing compliance failures identified by two federal agencies, then altering documents in an attempt to convince investigators the failures had been addressed.
-
ArticleVolkswagen completes monitorship; Deloitte family leave policy too good to be true?
Volkswagen gets a nod this week for successfully completing its 3-year compliance monitorship related to Dieselgate. Deloitte, on the other hand, lands on the wrong side of our list.
-
Article
FRC fines Deloitte record $19.4M for Autonomy audit failures
The U.K. Financial Reporting Council fined Deloitte a record £15 million (U.S. $19.4 million) for numerous findings of misconduct regarding past audits of British software company Autonomy Corporation.
-
ArticleFinCEN seeking comment on AML program overhaul
The Financial Crimes Enforcement Network has proposed a plan to issue AML guidance every two years to encourage financial institutions to align their Bank Secrecy Act compliance programs with the agency’s enforcement priorities.
-
ArticleBrockmeyer at TPRM: Regulator expectations for monitoring third parties
Former chief of the SEC’s FCPA Unit Kara Brockmeyer shared what regulators are looking for when they assess a company’s relationship with its third parties at Compliance Week’s TPRM Virtual Summit on Thursday.
-
ArticleReport: Median general counsel salary rises again, to $2.6 million
General counsel compensation is steadily on the rise, according to the latest in-house counsel compensation report by Equilar and executive search firm BarkerGilmore. Inside, we also explore what companies seek in a general counsel.
-
Article
ICA news program looks at initiatives leading compliance into future
The ICA and ITN Productions Industry News have co-produced “Compliance: the new decade”: a series of reports addressing the role of the compliance professional and the latest insights, challenges, and opportunities for business growth.
-
ArticleAssessing the fallout from coronavirus relief loan frauds
In both the U.S. and U.K., millions (perhaps billions) of dollars of coronavirus relief loans intended for small businesses is believed to have been misused. Legitimate businesses have been hurt as a result, writes Martin Woods.
-
ArticleA step toward managing climate risk in U.S. financial system
A nearly 200-page report on managing climate risk in the U.S. financial system is comprehensively assembled by a group spearheaded by CFTC Commissioner Rostin Behnam, but the real work comes in its implementation.
-
ArticleEY chairman: Auditors should work harder to find fraud
The chairman and chief executive of Big Four auditing firm EY says auditors should do more to uncover fraud while conducting external audits, a topic the industry has historically been reluctant to tackle.
-
ArticleSoftBank adds group compliance officer as CCO departs
SoftBank Group announced the appointment of Tim Mackey as group compliance officer of SoftBank. Earlier this month, Chief Compliance Officer Chad Fentress departed the company to start his own consultancy.
-
ArticleFormer Goldman Sachs chief risk officer leaves for BNY Mellon
BNY Mellon poached from a competitor when it announced the hiring of former Goldman Sachs Chief Risk Officer Robin Vince as vice chair and CEO of Global Market Infrastructure.
-
ArticleDaimler, U.S. authorities reach $1.5B proposed emissions settlement
Daimler AG and subsidiary Mercedes-Benz USA have reached a proposed settlement with U.S. authorities totaling $1.5 billion in fines and other costs to resolve emissions-cheating allegations.
-
Article
DraftKings hires chief accounting officer
Sports betting company DraftKings announced Erik Bradbury has been named chief accounting officer and principal accounting officer.
-
Article
Avanos Medical tabs chief ethics and compliance officer
Medical technology firm Avanos Medical announced Michelle Scharfenberg has been named senior vice president and chief ethics and compliance officer.
-
Article
Marriott appoints chief accounting officer
Hotel chain Marriott International announced the appointment of Felitia Lee as controller and chief accounting officer.
-
Article
Assurant names chief accounting officer
Global insurance firm Assurant announced the appointment of Dimitry DiRienzo as senior vice president, chief accounting officer and controller.
-
ArticleElizabeth Holmes might seek ‘mental disease’ defense at Theranos trial
Elizabeth Holmes, founder and CEO of now-defunct blood testing company Theranos, is exploring the idea of using “mental disease or defect” as part of her defense during her criminal fraud trial, which is set to begin in March.
-
ArticleU.K. lawsuit seeks $3.2B from YouTube for violating children’s privacy
A first-of-its-kind lawsuit in the U.K. alleges YouTube unlawfully collects personal information from children without parental consent and harvests their data for advertising purposes, in violation of British and European data privacy laws.
-
ArticleSEC continues torrid whistleblower pace with $10M award
More than a quarter of the SEC’s 94 whistleblower payouts since 2012 have come this fiscal year, the latest a more than $10 million award announced Monday.