Articles | Compliance Week – Page 20
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ArticleFRC: 12 best practices for better ESG data collection
The U.K. Financial Reporting Council released guidance on how companies can collect and use environmental, social, and governance data to inform better decision-making.
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Paxos recruits chief compliance officer from Meta
Blockchain fintech Paxos announced the appointment of Carolina Ceballos as chief compliance officer.
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ArticleTimely reminder: Take care of yourself over your work
The death by suicide of Bed Bath & Beyond CFO Gustavo Arnal hits home for those that understand the pressure that comes with working in the C-suite. Advice from a leadership expert says stress must be balanced with recovery.
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ArticleOCC studying risks posed by bank-fintech partnerships
Bank-fintech partnerships have grown “at exponential rates” and become so complicated it is often difficult to distinguish “where the bank stops and where the tech firm starts,” Acting Comptroller of the Currency Michael Hsu said.
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BBC appoints director of diversity, inclusion
British Broadcasting Corp. announced the appointment of Chinny Okolidoh as director of diversity and inclusion.
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USAA expands ESG head’s role to include DEI
USAA announced recently appointed head of environmental, social, and governance Tara Leweling will serve in an expanded role as vice president, chief diversity and sustainability officer.
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Blue Wolf promotes interim CFO to chief financial, compliance officer
Blue Wolf Capital Partners, a New York-based private equity firm, announced the appointment of Eve Gerriets Mongiardo to chief financial officer and chief compliance officer.
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Perceptive Advisors fined $1.5M for SPACs conflicts, disclosure violations
Perceptive Advisors agreed to pay $1.5 million for allegedly steering clients toward special purpose acquisition companies its investment advisers had financial interests in and failing to disclose those conflicts in a timely fashion.
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Aventura Capital to pay nearly $1M over conflict disclosure lapses
Florida-based investment firm Aventura Capital Management agreed to return more than $700,000 to harmed investors and pay a $225,000 fine for failing to disclose conflicts of interest regarding its mutual fund share class selection process.
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ArticleSEC warns auditors of risks in taking on Chinese clients
U.S.-based audit firms seeking new public company clients in China should ensure they have full access to previous audits and work papers before taking the job or risk potential enforcement, the acting chief accountant at the Securities and Exchange Commission warned.
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ArticleNatixis agrees to $2.8M CFTC fine for oversight failures
Natixis, a Paris-based global bank and swap dealer, will pay a $2.8 million fine to the Commodity Futures Trading Commission to settle charges it failed to prevent rogue traders from submitting false and misleading entries on trades over five years.
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ArticleBayer to pay $40M to settle long-running false claims suits
Bayer agreed to pay $40 million to settle allegations its sales team paid kickbacks to hospitals and doctors for prescribing its drugs and that the pharmaceuticals company downplayed risks regarding certain of its offerings.
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ArticleDetails murky in Samsung’s second data breach this year
Samsung revealed a hacker accessed the personal data of an unspecified number of its U.S.-based customers, even after improving its cybersecurity systems following a previous breach earlier this year.
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ArticleInstagram facing record $401M fine over children’s privacy violations
Instagram is set to be fined €405 million (U.S. $401 million) by Ireland’s data protection regulator for failing to adequately secure teenage users’ data in line with the General Data Protection Regulation.
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Washington Federal promotes chief risk officer to CFO
Washington Federal, the parent company of Washington Federal Bank, announced the promotion of Chief Risk Officer Kelli Holz to chief financial officer.
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Blockify names chief legal, compliance officer
Financial technology company Blockify announced the appointment of Marcos Kraemer as chief legal and compliance officer.
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Centene appoints chief ethics and compliance officer
Managed care company Centene Corp. announced the appointment of Ashlee Knuckey as chief ethics and compliance officer.
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Copper.co recruits chief risk officer from Mastercard
Crypto digital exchange Copper.co announced the appointment of Tim Neill as chief risk officer.
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ArticlePhilips subsidiary to pay $24M for kickback violations
Philips RS North America agreed to pay more than $24 million to settle allegations it paid kickbacks to medical equipment suppliers to push its products ahead of other brands that are provided to patients of federal health programs.
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CHS avoids fine in SEC accounting fraud case
Minnesota-based agricultural cooperative CHS settled charges levied by the Securities and Exchange Commission that the company violated federal securities laws when it filed materially false financial statements with the agency over five years.