Articles | Compliance Week – Page 72
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ArticleEx-Ericsson employee charged with FCPA bribery violations
A former account manager at Swedish telecommunications giant Ericsson faces charges of conspiracy to violate the Foreign Corrupt Practices Act regarding alleged bribes paid to government officials in the Republic of Djibouti.
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ArticleSurvey: New SEC marketing rule leads investment adviser compliance concerns
Implementing the SEC’s new “marketing rule” for investment advisers tops the list of concerns among chief compliance officers in the industry, according to new research.
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ArticleCredit Suisse appoints Rafael Lopez Lorenzo as chief compliance officer
Credit Suisse has named Rafael Lopez Lorenzo as its chief compliance officer, five months removed from his predecessor stepping down in the wake of massive losses caused by the collapses of Archegos Capital Management and Greensill Capital.
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ArticleEx-Cavco Industries CCO charged with accounting control failures
The former CFO and chief compliance officer of Cavco Industries has been charged by the SEC with internal accounting control failures and for misleading the company’s auditor regarding an insider trading matter.
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ArticleCompliance takeaways from FDA’s final ‘intended use’ rule
The U.S. Food and Drug Administration’s “intended use” final rule reaffirms the agency’s wide latitude of discretion in establishing an off-label use case against pharmaceutical and medical device companies.
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Marsh McLennan promotes chief compliance officer
Professional services firm Marsh McLennan has promoted Denise Sanchez to the position of chief compliance officer.
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British Arab Commercial Bank appoints new head of compliance
British Arab Commercial Bank announced the appointment of Ramita Dhillon as head of compliance.
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Bittrex Global names chief compliance and risk officer
Digital asset exchange Bittrex Global GmbH named Michael Schröder as chief compliance and risk officer.
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ArticleWhy compliance must play part in sustainability initiatives
A recent poll of International Compliance Association members revealed a perhaps surprising appetite within the profession for seizing expanding sustainability responsibilities.
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ArticleNeed to know: Elizabeth Holmes’s Theranos trial set to begin
Elizabeth Holmes’s legacy is on the line, as the long-awaited trial of the disgraced founder and CEO of blood-testing company Theranos begins Wednesday.
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ArticleSEC fines telecom Pareteum $500K for overstating revenue
New York City-based telecom Pareteum Corp. will pay $500,000 to settle SEC charges it committed fraud by overstating its revenue by approximately $42 million over six quarters and providing false information to auditors.
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ArticleKraft Heinz fined $62M in SEC accounting probe
Kraft Heinz agreed to pay $62 million as part of a settlement with the SEC for improper accounting that led to the restatement of several years of financial reporting.
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Pinterest chief accounting officer to depart
Social media company Pinterest announced the impending departure of Chief Accounting Officer Lily Yang, effective Oct. 29.
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ArticleMcDonald’s promotes U.S. general counsel
Fast food chain McDonald’s has promoted veteran attorney Angie Steele to the role of U.S. general counsel.
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ArticleStudy: Auditor assurance over ESG reporting still in early stages
Despite an increase in ESG disclosures that is expected to continue, a significantly low number of public companies have obtained audit firm assurance regarding that reporting, according to a new study.
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ArticleIreland shakes up GDPR enforcement with $267M fine against WhatsApp
Ireland’s Data Protection Commission announced a record-breaking €225 million (U.S. $267 million) fine against WhatsApp that is equally significant for the compliance lessons it imparts and inconsistency of the GDPR it exposes.
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ArticleHedge fund manager/CCO sentenced 4 years for ‘Ponzi-like’ scheme
Jason Rhodes, the co-founder and chief risk and compliance officer of a Connecticut-based investment fund, was sentenced to 48 months in prison and ordered to pay more than $25 million in restitution for his role in a “Ponzi-like” scheme.
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Vivint adds chief ethics and compliance officer
Vivint Smart Home announced the appointment of Daniel Garen as chief ethics and compliance officer.
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Medvantx appoints chief compliance officer
Pharmacy services provider Medvantx appointed Darlene Mitchell as chief compliance officer.
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Lineage Cell Therapeutics names general counsel
Clinical-stage biotechnology company Lineage Cell Therapeutics has named George A. Samuel III as general counsel and corporate secretary.