Articles | Compliance Week – Page 20
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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.
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ArticleWells Fargo ordered to pay ex-manager $22M in SOX whistleblower case
Wells Fargo must pay more than $22 million to a former senior banking executive who alleged to the Occupational Safety and Health Administration they were retaliated against for blowing the whistle on financial misconduct.
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ArticleUpheld ex-Alstom exec’s acquittal affirms ‘setback’ for FCPA’s reach
The latest development in the nearly decadelong Lawrence Hoskins court case has the potential to open the door for foreign nationals involved in aiding U.S. companies with foreign bribery schemes to escape liability under the Foreign Corrupt Practices Act, according to experts.
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Walgreens appoints U.S. head of ESG, DEI
Retailer Walgreens Boots Alliance announced the promotion of Vice President of Federal Government Relations Alethia Jackson to senior vice president of ESG and chief DEI officer for the United States, effective Oct. 1.
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Xactus names general counsel, chief compliance officer
Xactus, a credit score verification company serving the mortgage industry, announced the appointment of Ross Gloudeman as general counsel and chief compliance officer.
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ArticleEU countries take varied approaches to combating greenwashing
European regulators are taking greater steps to clamp down on companies’ misleading ESG claims, but experience shows different countries have differing priorities about tackling dishonest marketing.
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ArticleWise fined $360K for AML failures in Abu Dhabi
International money transfer company Wise will pay a $360,000 penalty for failing to abide by Abu Dhabi’s anti-money laundering rules over a two-year period, the Financial Services Regulatory Authority of Abu Dhabi Global Market announced.
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ArticleKPMG South Africa, two partners fined $275K for using unregistered firm
The Public Company Accounting Oversight Board fined KPMG South Africa and two of its partners a total of $275,000 for supervisory failures and violation of accounting rules related to the use of an unregistered accounting firm.
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ArticleWorkforce changes impacting accounting and finance recruitment, retention efforts
More than 80 percent of public companies reported accounting and finance talent retention issues over the past 12 months, according to a Deloitte Center for Controllership webcast poll.
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Deutsche Börse appoints chief compliance officer
Germany-based financial and transaction services provider Deutsche Börse announced the appointment of Marc Peter Klein as chief compliance officer, effective Jan. 1, 2023.
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BAT promotes investor relations head to chief sustainability officer
British American Tobacco announced the promotion of Mike Nightingale to chief sustainability officer, effective Sept. 1.
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Atlantic Union Bank appoints chief risk officer
Atlantic Union Bank announced the appointment of Sherry Williams as chief risk officer.
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ArticleSEC fines ex-PPG controller $100K over accounting improprieties
The Securities and Exchange Commission ordered Mark Kelly, the former principal accounting officer and controller at PPG, to pay $100,000 for accounting improprieties aimed at inflating the painting supply company’s earnings per share.
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ArticleFTC sues Kochava for collecting, selling mobile phone user data
Data broker Kochava has been sued by the Federal Trade Commission for selling geolocation data on hundreds of millions of mobile phone customers that could unveil sensitive personal information without their knowledge or consent.
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Allianz adds chief compliance officer
Allianz Holdings, the primary owner of U.K.-based insurance company Allianz SE, announced the appointment of Alison Rayner as chief compliance and corporate affairs officer, effective February 2023.
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McDonald’s names chief impact officer to head ESG
Fast food chain McDonald’s announced the appointment of Jon Banner as executive vice president and global chief impact officer. He will oversee the company’s sustainability and environmental, social, and governance efforts.