Articles | Compliance Week – Page 139
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ArticleHSBC US appoints chief compliance officer
HSBC has appointed Christine Lowthian as chief compliance officer US, effective as of July 20.
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ArticleTaro Pharma to pay $206M to resolve price-fixing charges
Taro Pharmaceuticals will pay a $205.7 million criminal penalty to resolve charges as part of the Justice Department’s ongoing investigation into the generic pharmaceutical industry.
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ArticleGoldman Sachs reaches $4B 1MDB settlement with Malaysia
Goldman Sachs reached a nearly $4 billion agreement in principle with the Government of Malaysia to resolve all criminal and regulatory proceedings related to three 1MDB bond transactions.
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ArticleCFTC finalizes new swap dealer rules under Dodd-Frank
In a pair of split votes that fell along party lines, the Commodity Futures Trading Commission approved rules on swap dealers that complete rulemaking ordered by the Dodd-Frank Act, enacted a decade ago.
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ArticleFacing potential takeover, PG&E pins hopes on reorganization
Found to be at fault for yet another wildfire last week, PG&E’s return from bankruptcy is off to a rocky start. A new reorganization plan at the company built around risk management and safety is key to avoiding a takeover by the state of California.
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ArticleFASB proposes new chapter for financial reporting framework
The Financial Accounting Standards Board has proposed a new chapter to Concepts Statement No. 8 that would define 10 elements of financial statements.
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ArticleAccounting execs arrested as Wirecard probe continues
German prosecutors arrested three Wirecard executives, including the former CFO and head of accounting, as an investigation into the company’s inflated balance sheet and a missing $2 billion continues to expand.
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ArticleIIA CEO Chambers to step down
The Institute of Internal Auditors announced longtime President and Chief Executive Officer Richard Chambers plans to step down at the end of March.
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Coca-Cola poaches general counsel from Ford
Coca-Cola announced Bradley Gayton has been elected senior vice president and general counsel. Gayton joins from Ford Motor Company, which has named John Mellen as his successor.
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Weatherford names chief compliance officer, general counsel
Multinational oil and gas company Weatherford International announced the appointment of Scott Weatherholt as executive vice president, general counsel and chief compliance officer.
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U.S. Olympic Committee hires first ethics and compliance chief
The United States Olympic & Paralympic Committee announced the hiring of Holly Shick as its new chief ethics and compliance officer coupled with the official rollout of stronger and more comprehensive National Governing Body audit standards.
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Barclays tabs group general counsel
Financial services giant Barclays announced the appointment of Stephen Shapiro as group general counsel, in addition to his current position as group company secretary.
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Vale appoints chief compliance officer
Brazilian mining company Vale announced the appointment of Denis Cuenca as chief compliance officer following recommendations from an independent investigation committee.
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FRC adds general counsel
The U.K. Financial Reporting Counsel announced the hiring of Alex Kuczynski as general counsel amid a series of executive appointments.
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ArticleNailed It or Failed It? Disney sends anti-hate message to Facebook
In this week’s “Nailed It or Failed It?”, Disney gets kudos for throwing its weight behind the #StopHateForProfit protest, while PG&E earns criticism after being found responsible for yet another California wildfire.
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ArticleFirst American first charged with NYDFS cyber-regulation abuses
First American Title Insurance Company has become the first firm to face charges alleging violations of the New York State Department of Financial Services’ Cybersecurity Regulation.
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ArticleU.K.’s Russia report underscores need to question big money
The U.K.’s long-awaited report on Russian interference in the country stresses the importance for big money to be subject to enhanced levels of due diligence, writes financial crime expert Martin Woods.
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SEC fines UBS $10M over municipal bond offerings
UBS Financial Services has agreed to pay more than $10 million to resolve SEC charges that it circumvented the priority given to retail investors in certain municipal bond offerings.
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ArticleTwitter cyber-attack should be wake-up call for firms
The recent cyber-attack directed at Twitter was the online equivalent of an explosive device being detonated. The ICA breaks down lessons learned from the hack and what firms can do to enhance their cyber-security controls.
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ArticleNew U.K. regime targets human rights abusers
The United Kingdom issued its first wave of sanctions this month under a new regime targeting those who commit human rights abuses, with the promise of many more sanctions to come.