Articles | Compliance Week – Page 143
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ArticleSanctions guidance: Best practices for maritime, energy, metals sectors
A global advisory to alert the maritime, energy, and metals sectors about common deceptive shipping practices used to evade sanctions includes seven sanctions compliance best practices to mitigate risk.
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ArticleAdvaMed issues pandemic compliance guidance for med-tech
The Advanced Medical Technology Association has released new compliance guidance for medical-technology companies to guide them in mitigating compliance and corruption risks as they help healthcare providers fight coronavirus.
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ArticleNine AGs sue EPA over non-enforcement policy
A coalition of nine attorneys general filed a federal lawsuit against the EPA in response to the agency’s policy that it will stop enforcing requirements under a wide range of federal environmental laws during the coronavirus pandemic.
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ArticleDriving innovation in supply-chain practices post-pandemic
A number of forward-thinking companies are using the coronavirus pandemic as an opportunity to drive promising innovations in their global supply chains.
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ArticleSEC charges Ambassador Advisors compliance chief for breaching fiduciary duties
The SEC charged Ambassador Advisors and its principals—including its chief compliance officer—with breaches of fiduciary duty arising out of its mutual fund share-class selection practices.
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Spotify appoints general counsel
Digital music service Spotify has appointed Eve Konstan as general counsel.
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Allianz names new chief risk officer
Allianz Holdings, the holding company for international financial services provider Allianz, announced the appointment of John Berry as chief risk officer.
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Wedbush welcomes chief compliance officer
Financial services and investment firm Wedbush Securities announced the appointment of Michael McMaster as senior vice president and chief compliance officer.
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Athene adds chief risk officer
Retirement services company Athene Holding announced Doug Niemann has been appointed executive vice president and chief risk officer.
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SEC: Enforcement efforts still extend beyond coronavirus
Steven Peikin, co-director of the SEC’s Enforcement Division, said while coronavirus-related matters remain a top priority for the agency, “our other priorities also remain in place.”
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SEC, DOJ ordered to review RBS whistleblower’s claim on $4.9B settlement
A federal appeals court ordered two federal agencies to review the whistleblower claims of a former Royal Bank of Scotland employee who is seeking a slice of a nearly $5 billion settlement.
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ArticleEC unveils six-point plan to tackle money laundering
The European Commission’s new six-point plan highlights what measures the agency will take to enforce, supervise, and coordinate EU rules on combating money laundering and terrorist financing.
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ArticleWhy compliance culture must lead in return from coronavirus
Is managing our return to the workplace a job for the compliance department? The better question may be how can we get all employees to serve the wider compliance effort, writes Martin Woods.
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ArticleKPMG faces $306M negligence claim over Carillion audit
U.K. government liquidators are preparing to sue KPMG for £250 million (U.S. $306 million) over alleged negligence in its audits of collapsed construction firm Carillion.
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ArticleLuckin Coffee fires CEO, COO over accounting scandal
Luckin Coffee, the China-based equivalent of Starbucks roiled by allegations of fabricating millions in 2019 sales, has fired its CEO and reshuffled top leadership as part of its ongoing internal probe.
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ArticleEx-Walmart lawyer alleges ‘retaliatory’ firing for Mexico report
A former member of Walmart’s legal team is suing the retail company for what he alleges was a “retaliatory, negligent, and careless” investigation ultimately resulting in wrongful termination.
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ArticlePCAOB inspection pause ends without extension
The Public Company Accounting Oversight Board announced the conclusion of its coronavirus-related 45-day relief period on audit inspections without an extension.
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ArticleAnalysis: Oil collapse leaves Singapore traders scrambling
Recent fraud complaints at oil traders in Singapore highlight the risks in the international business of commodity finance, where high prices provide high rewards and low prices can leave lenders exposed.
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ArticleDutch DPA probing TikTok over children’s privacy
The Dutch Data Protection Authority has launched an investigation into popular social networking service TikTok over whether children’s privacy is being adequately protected.
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ArticleEmbattled Wirecard appoints new CCO
Under investigation for suspected market manipulation, Wirecard has named James Freis as its new chief compliance officer amid several organizational changes.