Articles | Compliance Week – Page 202
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ArticleVote: Would you give up social media use for lifetime data privacy?
Would you give up social media for life in order to guarantee a lifetime of data privacy? According to a study by global cyber-security company Kaspersky, nearly 4 in 10 (38 percent) consumers would.
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Airbus subsidiary at center of bribery probe to cease operations
A U.K. subsidiary of Airbus that has been at the center of a seven-year bribery investigation disclosed in an annual report that it will be ceasing business operations, meaning it could potentially avoid criminal charges in connection with the matter.
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ArticleSEC closes FCPA probe into Misonix
The SEC has closed its FCPA investigation into medical device company Misonix and will not be recommending an enforcement action, the company announced.
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ArticleCongress takes aim at Big Tech with new bills
Bills working through Congress would make it harder for tech companies to profit from consumer data and force them to better secure networked devices.
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FCA fines BOS over failure to report fraud suspicions
Bank of Scotland (BOS) has been slammed with a £45.5 million (U.S. $57.8 million) fine by the Financial Conduct Authority for failing to inform authorities of its suspicions that a BOS turnaround unit was committing fraud.
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ArticleU.K. tax havens promise greater transparency on company ownership
Starting in 2021, Guernsey, Jersey, and the Isle of Man will make records of company ownership public, which should please members of parliament who have argued that not doing so has made them vulnerable to financial crime.
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Nordea raided over ML probe in Denmark
Scandinavian banking giant Nordea revealed its Copenhagen office was raided by Danish police as part of an ongoing investigation into alleged money laundering.
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ArticleSenate approves Lee nomination to SEC
The Senate has approved President Trump’s nomination of Allison Herren Lee, a former aide to Kara Stein, to a seat on the Securities and Exchange Commission.
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ArticlePoll shows gaps in integrated risk management
Many organizations’ enterprise risk management capabilities aren’t as integrated as they need to be, leaving them vulnerable to legal, financial, regulatory, and reputational risks, according to a new GRC benchmark report.
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ArticleWalmart agrees to $282.7M FCPA resolution
Walmart has agreed to pay a combined total of $282.7 million to resolve a more than seven-year investigation resulting from violations of the Foreign Corrupt Practices Act.
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NVIDIA names chief accounting officer
U.S. technology company NVIDIA has named Donald Robertson as vice president and chief accounting officer.
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CNO Financial names chief risk officer
CNO Financial Group has named Tim Bischof as chief risk officer, effective immediately.
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Riskonnect updates ClearSight platform
Riskonnect announced the latest version of its integrated risk management platform, Riskonnect ClearSight 19.0.
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Maritime Anti-Corruption Network to develop ‘Global Port Integrity Index’
The Maritime Anti-Corruption Network has announced a new partnership with the Ministry of Foreign Affairs of Denmark to launch the first-ever “Global Port Integrity Index” and to scale up its collective action activities in West Africa.
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Menlo Therapeutics names chief compliance officer
Biopharmaceutical company Menlo Therapeutics has appointed Ronald Krasnow as general counsel and chief compliance officer.
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ArticleKPMG fallout: Cheating allegations raise new questions
After new allegations at KPMG of cheating on internal training tests, audit committees now have another area of questioning for their external auditors.
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ArticlePols target medical billing company at center of data breach
Senators are seeking answers from American Medical Collection Agency, the third-party billing agency at the center of a recent data breach that compromised the personal, financial, and medical information of 20 million patients.
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ArticleFTC warns of false compliance with EU-U.S. Privacy Shield
The Federal Trade Commission is warning over a dozen companies in the form of letters not to falsely claim participation in the EU-U.S. Privacy Shield program.
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Warner, Rubio urge no retreat from Huawei pressures
A bipartisan duo of senators has expressed concern that the White House might go easy on Huawei to achieve a favorable outcome on trade negotiations.
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ArticleThree reasons why you should save the date for CW2020
One of the most common pieces of feedback we heard from first-time attendees of the recently completed 14th national Compliance Week conference in Washington D.C. was that they wished they had discovered our three-day GRC-palooza sooner. Editor in Chief Dave Lefort explains why.