Articles | Compliance Week – Page 22
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Chemours promotes strategic planning VP to general counsel
Chemistry company Chemours announced the promotion of Vice President of Strategic Planning Kristine Wellman to senior vice president, general counsel and corporate secretary, effective Oct. 1.
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ArticleSnap agrees to $35M settlement in Illinois biometric data lawsuit
Social media company Snap reached a $35 million settlement in principle to resolve an Illinois class-action lawsuit alleging violations of the state’s Biometric Information Privacy Act through the collection of “facial biometric identifiers” without users’ consent.
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Rockland Trust appoints chief risk officer
Rockland Trust and its parent company Independent Bank Corp. announced the appointment of Dawn Mugford as chief risk officer.
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ArticleThe art and skill of delivering bad news
Amii Barnard-Bahn shares her six-step process to help increase receptiveness when communicating bad news and reduce the likelihood of backlash toward the message being delivered.
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ArticleCalif. health system, healthcare providers to pay $70.7M over false claims
Gold Coast Health Plan and three California county healthcare service providers will pay a total of $70.7 million to settle allegations they violated the False Claims Act regarding California’s Medicaid program, Medi-Cal.
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CIFC Asset Management appoints chief compliance officer
CIFC Asset Management, an alternative credit specialist, announced the appointment of Lily Wicker as managing director, chief compliance officer and associate general counsel.
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Mallinckrodt promotes VPs of compliance and legal to executive level
Mallinckrodt, a global pharmaceutical company, announced the promotions of its senior compliance and legal vice presidents to the executive level.
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Georgia Tech names general counsel, VP of ethics, compliance
Georgia Institute of Technology announced the appointment of Danette Joslyn-Gaul as general counsel and vice president for ethics, compliance, and legal Affairs, effective Sept. 19.
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Newmont promotes strategic development VP to chief sustainability officer
Newmont Corp., a gold mining company, announced the promotion of Peter Toth to chief strategy and sustainability officer.
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ArticleCitigroup broker-dealer fined $15M for inadequate U.K. trade monitoring
Citigroup Global Markets was fined £12.6 million (U.S. $14.9 million) by the U.K.’s Financial Conduct Authority for failing to implement an adequate trade surveillance program required by British law.
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ArticleEx-Rabobank CEO fined $20K for withholding AML report
John Ryan, the former CEO of Rabobank, N.A., was fined $20,000 by the Office of the Comptroller of the Currency for his alleged role in obstructing a Bank Secrecy Act program examination that would lead to significant fines for the bank.
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ArticlePCAOB forecasts stricter oversight in five-year strategy
The Public Company Accounting Oversight Board issued its draft five-year strategic plan for public comment. Areas of focus include enhancing audit inspections, strengthening enforcement, and more.
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ArticleJohn Hancock to repay $23.8M over N.Y. insurance law violations
John Hancock Life & Health Insurance Company will return a total of $23.8 million to customers and the state of New York and pay a $2.5 million fine for violations of the state’s law regarding the handling of long-term care insurance policies.
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ArticleGenesis shakes up compliance leadership amid layoffs, CEO departure
Crypto broker Genesis Global Trading announced Chief Executive Michael Moro is stepping down as the company shakes up its leadership following layoffs totaling 20 percent of its 260-person workforce.
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ArticleKPMG Korea fined $350K for audit procedure failures
The Korean affiliate of Big Four audit firm KPMG was fined $350,000 by the Public Company Accounting Oversight Board for failures in its quality control policies and procedures to protect against improper alterations of work papers.
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ArticleEagleBank fined $23M over improper lending, disclosure practices
EagleBank agreed to pay nearly $23 million in penalties for improperly loaning approximately $90 million to family trusts controlled by its former CEO over three years, then misleading investors about the loans.
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ArticleCybersecurity, beneficial ownership lessons found in SEC fraud case
Charges levied by the Securities and Exchange Commission regarding an international scheme in which hackers accessed online brokerage accounts to manipulate stock prices impart cybersecurity and beneficial ownership lessons for compliance professionals.
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ArticleFTC warns against COPA laws for hospital mergers
The Federal Trade Commission is urging state lawmakers to avoid the use of Certificates of Public Advantage for hospital mergers, warning the certificates increase costs for patients, slow wage growth for healthcare workers, and lead to compliance difficulties.
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Cullinan Oncology names chief legal, compliance officer
Biotechnology researcher Cullinan Oncology announced the appointment of Jacquelyn Sumer as chief legal and compliance officer and corporate secretary.
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JBS appoints global chief ethics and compliance officer
Global meat processing company JBS announced the appointment of Michael Koenig as global chief ethics and compliance officer.