Articles | Compliance Week – Page 25
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BlueOnion adds chief sustainability officer
Financial technology firm BlueOnion, a subsidiary of WealthAsia, announced the appointment of Jeanne Ng as chief sustainability officer.
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ArticleSurgalign to pay $2M to settle accounting fraud charges
Medical implant manufacturer Surgalign will pay a $2 million penalty handed down by the SEC and recoup nearly $600,000 in incentive-based compensation from four senior executives who allegedly manipulated the company’s financial statements.
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ArticleProposed NIST cybersecurity guide incorporates HIPAA Security Rule
The National Institute of Standards and Technology is seeking comment on proposed guidance intended to help healthcare organizations that fall under the regulatory umbrella of the Health Insurance Portability and Accountability Act’s Security Rule.
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ArticleBain banned from U.K. government contracts over South Africa corruption scandal
Global management consultancy Bain & Co. was barred from competing for U.K. government contracts for three years following its role in a corruption scandal involving South Africa’s national tax offices.
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ArticleWells Fargo confirms DOJ probe into diversity hiring practices
Wells Fargo disclosed in a regulatory filing the Department of Justice has opened an investigation into the bank’s “hiring practices related to diversity.”
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ArticleSEC: Adherence to Reg BI should be embedded in compliance culture
Staff at the Securities and Exchange Commission warned investment advisers and broker-dealers they must continually identify, mitigate, and disclose all conflicts of interest regarding advice they make to retail investors to remain in compliance with Regulation Best Interest.
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ArticleOFAC designates steel giant MMK in latest Russian sanctions
The Office of Foreign Assets Control designated Magnitogorsk Iron and Steel Works, one of the world’s largest steel-producing companies, as part of its latest round of sanctions against Russia in response to the country’s invasion of Ukraine.
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MUFG appoints chief risk officer for American subsidiaries
Mitsubishi UFJ Financial Group, the largest bank in Japan, announced the appointment of Denis McHugh as chief risk officer for MUFG Securities Americas and market risk management officer for MUFG Americas Holdings, effective Aug. 30.
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Astellas promotes HR head to chief ethics and compliance officer
Pharmaceutical company Astellas announced the promotion of Head of Human Resources Katsuyoshi Sugita to chief people, ethics, and compliance officer, effective Oct. 1.
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Synovus Financial appoints chief risk officer
Synovus Financial announced the appointment of Shellie Creson as chief risk officer.
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Centivo adds general counsel
Centivo, a health plan for self-funded employers, announced the appointment of Tara Johnson as general counsel.
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SEC appoints Anthony Thompson to second term on PCAOB
The Securities and Exchange Commission announced the appointment of Anthony Thompson to a second term on the Public Company Accounting Oversight Board.
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ArticleRobinhood Crypto fined $30M for AML, cybersecurity failures
Robinhood Crypto agreed to pay a $30 million fine to the New York State Department of Financial Services for “significant failures” in its Bank Secrecy Act/anti-money laundering and cybersecurity compliance programs.
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ArticleBehavioral science: A tool for successful cultural change
Real cultural change requires an understanding of the drivers of human behavior. And the most effective means of grasping these drivers is through behavioral science.
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Canopy Growth appoints chief legal officer
Canada-based cannabis manufacturing company Canopy Growth announced the appointment of Christelle Gedeon as chief legal officer.
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FanDuel promotes CCO to chief legal, compliance officer
Online gaming company FanDuel announced the promotion of Carolyn Renzin to chief legal and compliance officer.
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ArticleHow compliance can help prevent human trafficking
There are many organizations that seek to prevent human trafficking, but their work can sometimes seem distant and detached from our roles as compliance professionals. We must consider how to bridge that gap, with a particular focus on supply chains.
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Judge: Ex-JPMorgan compliance exec’s retaliation claims credible for trial
A jury could conclude allegations made by a former JPMorgan Chase compliance executive who said she was fired for blowing the whistle have merit, a federal judge ruled.
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ArticleU.S. Bank fined $37.5M over fake accounts scheme
U.S. Bank agreed to pay a $37.5 million fine and to return fees charged to customers related to the bank’s alleged opening of accounts and access of credit reports without their permission, the Consumer Financial Protection Bureau announced.
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Warner Bros. Discovery names chief global DEI officer
Warner Bros. Discovery announced the appointment of Asif Sadiq as chief global diversity, equity, and inclusion officer.