Articles | Compliance Week – Page 163
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ArticleAd industry requests delay on CCPA enforcement
Insufficient time to prepare was the argument invoked by five advertising trade bodies this week when requesting a further delay to the enforcement of the newly enacted California Consumer Privacy Act
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ArticleEurope’s high court strikes blow to drug companies in ‘pay-for-delay’ case
The U.K. Competition and Markets Authority won a victory in a decision by Europe’s high court, ruling GlaxosmithKline’s entering of a financial deal with industry rivals to delay the generic version of its drugs violates EU competition law.
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Facebook reveals $550M settlement for Illinois privacy lawsuit
Facebook has reached a $550 million settlement in principle in connection with a class-action lawsuit it faced in Illinois over violations of a state biometric law.
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ArticleEffective AML training: Four questions to answer
There are a multitude of factors that need to be established when determining training requirements. What is clear is that a one-size-fits-all approach doesn’t work.
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Syncora Holdings general counsel stepping down
Syncora Holdings has announced the departure of general counsel and secretary James Lundy, following the adoption of a plan of liquidation of the company at a special general meeting of shareholders.
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MoneyGram appoints general counsel and corporate secretary
MoneyGram International, a cross-border P2P payments and money transfers provider, has named Robert Villaseñor general counsel and corporate secretary.
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ArticleSEC, NSA issue new cyber-security guidance
Two new guidance documents, one from the SEC’s Office of Compliance Inspections and Examinations and another from the National Security Agency, aim to help companies improve their cyber-security efforts, including managing vulnerabilities in the cloud.
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ArticleEmbattled TikTok appoints global general counsel
TikTok announced veteran attorney Erich Andersen will join the company as global general counsel. His appointment comes at a time when the Beijing-based social networking app is under heightened scrutiny from the U.S. government.
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New York Red Bulls name general counsel
The New York Red Bulls of Major League Soccer have announced the appointment of Kari Cohen as the club’s general counsel.
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Allianz promotes new compliance chief
Allianz Holdings has appointed Margo Young as chief compliance officer. Young replaces Ann Alexander, who recently retired from the business.
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Eli Lilly adds general counsel
Pharmaceuticals firm Eli Lilly and Company announced Anat Hakim will join the company as senior vice-president and general counsel.
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Sprout Mortgage appoints general counsel, CCO
Sprout Mortgage announced Gregory Walker has joined the company as chief compliance officer and general counsel. Walker takes over the position from Shannon Leight, who becomes chief compliance officer and general counsel for Sprout Lending.
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Coastal Community Bank hires chief risk officer
Coastal Community Bank announced the addition of Andrew Stines as chief risk officer.
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LendingUSA adds general counsel, CCO
FinTech firm LendingUSA announced the hire of Andrew Cosgrove as its new general counsel and chief compliance officer.
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Gemini tabs CCO for European expansion
Gemini Europe, the U.K. and European affiliate of cryptocurrency exchange Gemini Trust Company, announced the appointment of Blair Halliday as chief compliance officer and money laundering reporting officer.
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Antitrust Division appoints deputy assistant attorney general
The Justice Department’s Antitrust Division has named Alexander Okuliar as deputy assistant attorney general, responsible for civil merger and conduct investigations and litigation.
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ArticleCan CPA firms help with new revenue recognition standard?
Robert Durak of the AICPA provides seven requests companies should make of their auditors when tackling revenue recognition implementation to avoid putting auditor independence at risk.
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ArticleCFTC to adopt NIST Privacy Framework
The Commodity Futures Trading Commission will become the first federal agency to adopt the National Institute of Standards and Technology Privacy Framework, the agency has announced.
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ArticleStudy: Adopting lease accounting could hurt stock prices
A new study from Florida International University professors says retailers such as Urban Outfitters, Foot Locker, and Abercrombie & Fitch—that have a significant use of operating leases—reported abnormal stock returns when they disclosed earnings.
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Airbus announces resolution of global corruption case
Airbus confirmed it has reached a deal with authorities in the United States, the United Kingdom, and France to resolve long-running allegations of bribery and corruption. The settlement could reportedly be worth billions.