Articles | Compliance Week – Page 44
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ArticleMeta fined $18.6M under GDPR for 2018 data breaches
The Irish Data Protection Commission fined Meta’s Irish subsidiary 17 million euros (U.S. $18.6 million) for a series of personal data breaches that took place nearly four years ago.
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ArticleSEC staff warn broker-dealers ‘remain vigilant’ amid market volatility
Amid Russia’s invasion of Ukraine, SEC staff issued a statement warning broker-dealers and other market participants to “remain vigilant to market and counterparty risks that may surface during periods of heightened volatility and global uncertainties.”
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ArticleApple, Pfizer among new additions to ethical company list
Ethisphere announced the 2022 edition of its “World’s Most Ethical Companies” list, which recognized 136 companies that have demonstrated a commitment to ethical business practices.
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ArticleSEC Commissioner Allison Herren Lee to not seek second term
Allison Herren Lee announced she will not seek a second term as a commissioner at the Securities and Exchange Commission once her current term expires in June.
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Swedbank Estonia named suspect in money laundering investigation
The Estonian branch of Swedbank has been summoned for interrogation as part of a probe into suspected money laundering and other criminal activities.
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ArticleNomination deadline closed for 2022 ‘Excellence in Compliance Awards’
The nomination deadline for CW’s third annual “Excellence in Compliance Awards” closed March 15. Winners will be announced in May.
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ArticleLearning points from HSBC’s fine for AML failings
Significant investment in systems has not been fully effective in mitigating financial crime risk. A fine of nearly £64 million (then-U.S. $84 million) imposed on HSBC by the U.K. Financial Conduct Authority in December is a particularly potent example.
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ArticleDeutsche Bank monitorship extended after breach of DPA
Deutsche Bank disclosed the Department of Justice determined it breached its obligations under a 2021 deferred prosecution agreement. As a result, the term of an independent compliance monitor at the bank has been extended until February 2023.
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Huntington Ingalls adds sustainability to CCO’s title
Huntington Ingalls Industries, a global engineering and defense technologies provider, appointed Paul Harris as executive vice president and chief sustainability and compliance officer. Harris has served as HII’s chief compliance officer since 2020.
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Hashdex names global head of legal and compliance
Hashdex, a crypto-focused asset management firm announced the appointment of Nicole Dyskant as global head of legal and compliance.
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Marsh McLennan appoints general counsel
Professional services firm Marsh McLennan announced the appointment of Katherine Brennan as senior vice president and general counsel.
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ArticleSEC notifies five Chinese companies of HFCAA noncompliance
The Securities and Exchange Commission has notified five China-based public companies they could be delisted from U.S. stock exchanges if they do not allow their audits to be inspected by the Public Company Accounting Oversight Board.
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ArticleSEC to discuss climate-related disclosure rule on March 21
The Securities and Exchange Commission will discuss its anticipated new rule ordering public companies to issue climate-related disclosures at its open meeting March 21.
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ArticleGrowing list of companies halting Russian operations
As the Russia-Ukraine crisis unfolds, companies around the world have announced changes to their supply chains to reduce their footprint in Russia. Compliance Week looks at how businesses across multiple industries are responding.
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iCreditWorks hires chief compliance officer
iCreditWorks, a U.S.-based fintech platform, announced Rajiv Varshney has been appointed chief compliance officer and will join the executive team.
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Lincoln Financial adds chief accounting officer
Lincoln Financial Group announced Adam Cohen has been named chief accounting officer.
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BM Technologies appoints chief accounting officer
BM Technologies, a digital banking platform, announced Jim Dullinger has been hired as chief accounting officer.
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First Business Bank names chief risk officer
First Business Bank named Laura Garcia chief risk officer. She joins the company after working most recently for Bank of Montreal.
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ArticleClearview AI fined $22M in Italy over unlawful data collection
Facial image aggregator Clearview AI was fined €20 million (U.S. $22 million) for unlawfully processing the biometric and geolocation data of Italian citizens in violation of privacy laws including the General Data Protection Regulation.
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ArticleGoldman Sachs first major U.S. bank to exit Russia
Goldman Sachs announced the winding down of its business in Russia, becoming the first major U.S. bank to take such action in the wake of the invasion of Ukraine. JPMorgan Chase later announced similar plans to exit the country.