Articles | Compliance Week – Page 185
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AffirmXCU acquires ComplySight
AffirmXCU, a CUSO of Credit Union Resources, announced the acquisition of compliance application ComplySight.
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Evident enhances identity verification platform
Evident ID announced it has launched a new product, Verified Data Request, to help businesses demonstrate compliance with the “right to access” requirements outlined in the GDPR and CCPA.
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360factors launches Insight360
GRC solutions firm 360factors announced the launch of Insight360, a new offering designed to provide insights into identifying and predicting risks.
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K2 Intelligence, Financial Integrity Network merge
K2 Intelligence announced it has signed a definitive agreement to acquire Washington D.C.-based advisory firm Financial Integrity Network (FIN).
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FICO upgrades fraud detection software
FICO announced its upgraded Falcon X fraud detection software in addition to the launch of its Financial Crimes Studio.
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MVB Financial Corp acquires Chartwell Compliance
MVB Financial Corp., the holding company for MVB Bank., announced the acquisition of Chartwell Compliance as a wholly owned subsidiary of MVB Bank.
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ArticleDoorDash data mishap showcases hazards of third-party vendors
DoorDash announced an incident of unauthorized third-party access to user data—a reminder companies need to mind the cyber-security of vendors in addition to their own.
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ArticleShareholder lawsuit alleges massive fraud at AT&T
A lawsuit filed on behalf of shareholders against AT&T and its executives and directors alleges widespread fraudulent sales and customer-manipulation tactics regarding the company’s DirecTV Now offering.
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DOJ launches new process for filing documents under FARA
The Department of Justice recently announced a new online system for filing, storing, and searching registrations under the Foreign Agents Registration Act.
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Zurich appoints group chief risk officer
Zurich Insurance Group has named Peter Giger as group chief risk officer, effective Oct. 1.
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Northwestern Mutual appoints chief compliance officer
Northwestern Mutual recently announced it has made several changes to the company’s senior leadership team, including the appointment of a new chief legal and compliance officer.
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ArticleEuropean Commission fines companies $34.5M in cartel case
The European Commission has fined Dutch food-processing company Coroos and French agricultural cooperative Groupe Cecab a total of €31.6 million (U.S. $34.5 million) for engaging in a cartel scheme that spanned more than a decade.
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Virtua Capital Management names chief compliance officer
Virtua Capital Management, the capital formation arm of global private-equity real-estate investment manager Virtua Partners, has appointed Curtis Christensen as chief compliance officer.
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TIAA adds chief risk and compliance officer
Financial services provider TIAA appointed David Nason to the newly created position of chief risk and compliance officer.
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ArticleEricsson reserves $1.2B in FCPA case; speaks candidly on compliance program
Ericsson announced it has set aside $1.2 billion to resolve a long-running FCPA investigation that spans several geographies. CEO Börje Ekholm spoke candidly about the shortcomings of the company’s ethics and compliance program and how it’s addressing them.
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SEC, Libra called out at House Financial Services hearing
At the first get-together of all five SEC commissioners at a Congressional hearing since 2007, House Financial Services Committee Chair Maxine Waters said the regulator “is not fulfilling its mission as Wall Street’s cop.”
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CentralReach appoints chief legal and compliance officer
CentralReach, a provider of electronic health record and practice management solutions, has appointed Perry Pappas as senior vice president, chief legal and compliance officer.
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ArticleMore VW execs charged in emissions scandal; Daimler fined $960M
German prosecutors have charged two current Volkswagen executives and its former CEO for alleged market manipulation practices relating to its emissions-cheating scandal. In a separate action, Daimler was fined $960 million, also related to emissions cheating.
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ArticleNissan pays $15M for financial misconduct; CEO and CCO resign
Nissan will pay a $15 million civil penalty over false financial disclosures, the SEC announced. The charges come the same month the carmaker’s latest CEO resigned, along with its vice president of internal audit and chief compliance officer.
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SEC: PwC to pay $8M for auditor independence violations
PwC will pay approximately $8 million in monetary relief to settle charges with the SEC for allegedly violating auditor independence rules and engaging in improper professional conduct.