Articles | Compliance Week – Page 7
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ArticleRegs order Citi to address unresolved data management woes
Citigroup has successfully resolved key compliance shortcomings identified as part of a 2020 enforcement action but still has work to do to address data management weaknesses, according to federal banking regulators.
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SBI Card chief risk officer resigns
SBI Cards and Payment Services announced Aparna Kuppuswamy will resign as chief risk officer.
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Scottish FA names compliance officer
The Scottish Football Association announced the appointment of Martin Black as compliance officer.
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ArticleGoldman Sachs unit fined $4M for ESG investment lapses
Goldman Sachs Asset Management agreed to pay $4 million to settle SEC charges it failed to follow its own policies and procedures regarding a trio of investment products marketed for their environmental, social, and governance considerations.
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ArticleUnisys: Probe identified ‘material weaknesses’ in disclosure controls
IT services company Unisys Corp. revealed the discovery of faults in its internal control over financial reporting, including involving its compliance functions, following an internal investigation it first disclosed earlier this month.
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ArticlePrivacy advocate sues Meta over targeted ad GDPR violation claims
A privacy and human rights advocate sued Meta Platforms in the United Kingdom, claiming the social media giant is refusing her request to stop being targeted with advertising based on her use of Facebook.
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Papa John’s brings back former VP as diversity chief
Pizza restaurant chain Papa John’s International announced the appointment of Elias Reyna as its chief people and diversity officer.
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ArticleEx-BP trader’s failed whistleblower claim to raise U.K. reporting bar?
A U.K. employment tribunal’s ruling that a former BP employee was not entitled to whistleblower protection has shone a spotlight on the legal issues workers must consider ahead of speaking up.
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ArticleRegulatory independence vital in U.K.’s fight against fraud
To do their jobs properly, regulators must be able to act independently and without government intervention. Rather than seeking to tighten its grip on regulators, the U.K. government should be safeguarding their independence as a matter of urgent priority.
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ArticleElizabeth Holmes sentenced to 11-plus years in prison
Theranos Founder Elizabeth Holmes was sentenced to more than 11 years in prison Friday after being convicted of fraud earlier this year for her actions as head of the defunct blood-testing company.
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Dollar Tree fills compliance, diversity, sustainability officer roles
Discount retailer Dollar Tree announced the appointments of three different executives to lead its compliance (Jennifer Bohaty), diversity (Terence Goods), and sustainability (Jennifer Silberman) efforts.
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Dassault Systemes names chief sustainability officer
French software corporation Dassault Systèmes announced the appointment of Philippine de T’Serclaes as chief sustainability officer.
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ArticleFINRA to sweep crypto-related communications by broker-dealers
The Financial Industry Regulatory Authority announced an examination sweep of retail communications by broker-dealers and their affiliates related to cryptocurrency asset products and services.
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ArticleDiscord fined $830K for GDPR lapses
Discord, a popular communication service primarily utilized by the video game community, was assessed a fine of €800,000 (U.S. $829,000) by the French data protection authority for multiple violations of the General Data Protection Regulation related to safeguarding user data.
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PosiGen appoints chief compliance and policy officer
Renewable energy company PosiGen announced the appointment of Steven Burt as chief compliance and policy officer.
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Cybersecurity staffing woes play part in FTC Safeguards Rule delays
The Federal Trade Commission extended the deadline for compliance with certain changes to its Safeguards Rule announced last year, in part because of labor shortages in the cybersecurity market.
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ArticleUnderstanding ‘green hushing’ and its risks
“Green hushing” is when a company adopts a radio-silence approach to environmental goals. Many companies do it. Some don’t realize they’re doing it.
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ArticleBig penalties, admissions fuel record SEC enforcement year
The Securities and Exchange Commission collected more than $6.4 billion in enforcement penalties, fees, and interest in fiscal year 2022—the largest amount in the agency’s history and a massive increase over a transition year in 2021.
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ArticleTreasury recommends more oversight for bank-fintech relationships
A new Treasury report found as the trend of nonbank fintech companies providing financial services in partnership with regulated entities continues to grow, regulators need to increase oversight of these relationships to curb the risks they pose.
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Buzzfeed promotes CCO to chief legal officer
Media outlet Buzzfeed disclosed the promotion of Senior Vice President, Chief Compliance Officer and Head of Litigation David Arroyo to chief legal officer and corporate secretary.