Articles | Compliance Week – Page 16
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Sun Life appoints chief risk officer
Financial services and insurance company Sun Life announced the appointment of Tom Murphy as vice president and chief risk officer.
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Former investment adviser CCO pleads guilty to wire fraud
Jennifer Campbell, the former chief compliance officer of a New York-based investment adviser, faces up to 20 years in prison and a $250,000 fine after pleading guilty to wire fraud in federal court.
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ArticleCFTC commissioner warns against being ‘too cute’ when self-reporting
Businesses take varying approaches when self-reporting to regulatory agencies, which can lead to differing results. Caroline Pham, a commissioner at the Commodity Futures Trading Commission, suggests using common sense.
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UBS names global chief risk officer
Multinational investment bank UBS announced the promotion of Global Wealth Management Chief Risk Officer Damian Vogel to group chief risk officer.
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American Financial Group promotes CCO to general counsel
American Financial Group announced the promotion of Chief Compliance Officer Mark Weiss to senior vice president and general counsel.
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Societe Generale appoints group chief risk officer
Société Générale announced the promotion of Stéphane Landon to group chief risk officer.
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Silvergate Capital names chief risk officer
Silvergate Capital Corp., a provider of financial infrastructure to the digital asset industry, announced the promotion of Kate Fraher to chief risk officer for the company and its subsidiary bank.
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ArticleEx-Mylan chief information officer charged over insider trading scheme
The chief information officer at former pharmaceutical company Mylan was charged with insider trading for tipping off a former colleague about the firm’s impending merger with a division of Pfizer, among other matters.
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ArticleHow to build an effective code of conduct
Literature and survey results regarding codes of conduct and ethics reveal the elements of strong (and weak) examples.
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ArticleAustralia privacy law proposal sets steep penalty mark for breaches
The Australian government is weighing stringent new privacy reforms that would establish among the steepest penalty regimes in the world—up to AUD$50 million (U.S. $33.5 million)—for serious or repeated breaches.
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National Bank of Coxsackie appoints chief compliance officer
The National Bank of Coxsackie announced the appointment of Sarah Hodgens as chief compliance officer.
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ArticlePIC Renegade Properties to pay $400K for investment fund violations
A general partner in a real estate investment fund agreed to pay $400,000 to settle allegations it failed to register the fund and take reasonable steps to verify investors were accredited, the Securities and Exchange Commission announced.
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ArticleSEC investigating Apollo Global, Carlyle Group, KKR for employee off-channel communications
Three private equity firms have disclosed they are under investigation by the Securities and Exchange Commission (SEC) for having allowed employees to use unauthorized communication channels like WhatsApp and WeChat to conduct company business.
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ArticleGlencore Energy’s $324M fine for bribery comes with warning to others
Glencore Energy UK was ordered to pay nearly £281 million (U.S. $314 million) in fines and costs after an investigation by the U.K.’s Serious Fraud Office (SFO) found it paid $29 million in bribes to gain preferential access to oil in Africa to boost profits.
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ArticleNBC plans sitcom featuring Jon Cryer as compliance officer
A new sitcom picked up by NBC for the next broadcast season will feature Jon Cryer of “Two and a Half Men” fame as Jim, a “sarcastic but good natured compliance officer who has little conflict in his life and lots of warmth and laughter.”
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ArticleInsurance broker Gallagher latest target of DOJ Ecuador probe
Insurance broker Arthur J. Gallagher is under investigation by the Department of Justice related to its business in Ecuador.
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ArticleSEC names two deputy directors to Division of Examinations
The Securities and Exchange Commission appointed two regulators within the agency’s Division of Examinations as deputy directors.
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ArticleOneTrust hires former Twitter exec Jisha Dymond to be new CECO
OneTrust has hired Jisha Dymond, who most recently led Twitter’s regulatory compliance and risk team, to be its new chief ethics and compliance officer.
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ArticleFRC’s corporate governance reporting review finds room for improvement
Companies continue to improve their reporting against the U.K.’s Corporate Governance Code, but the lack of detail about the outcomes and impacts of governance policies hampers proper understanding of how risks are being managed.
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ArticleSolarWinds under SEC probe for handling of 2020 cyberattack
SolarWinds revealed the Securities and Exchange Commission is examining cybersecurity disclosures and public statements the company and its executives made after its massive 2020 data breach caused by hackers backed by the Russian government.