Articles | Compliance Week – Page 79
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Covetrus adds new chief accounting officer
Covetrus, a global animal health technology and services company, announced the appointment of Drew Coxhead as vice president, corporate controller and chief accounting officer.
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BlockFi appoints chief risk officer
Cryptocurrency platform BlockFi announced the appointment of Yuri Mushkin as chief risk officer.
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FTC vote reverses longtime ‘prior approval’ stance for mergers
The Federal Trade Commission voted to rescind a 1995 policy statement that allowed certain firms taking part in a merger to skirt prior approval requirements.
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ArticleCalifornia AG: ‘Great progress’ under CCPA despite no fines
California Attorney General Rob Bonta commemorated one year of CCPA enforcement with praise for the law despite there not yet being a publicly announced fine against a business.
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ArticleNew agency Europe’s latest hope to curb AML struggles
The European Commission unveiled new plans to set up an agency specifically aimed at tackling the region’s spiraling problems with money laundering.
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Senate confirms former CCO Kenneth Polite to lead DOJ’s Criminal Division
The Senate confirmed Kenneth Polite, former chief compliance officer of Fortune 500 electric power company Entergy, as assistant attorney general to lead the Department of Justice’s Criminal Division.
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ArticleHouse passes bill to restore FTC’s disgorgement authority
The Federal Trade Commission will have its power to seek disgorgement of ill-gotten gains restored, if a bill that passed the House becomes law.
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ICFR failures cost Tandy Leather in SEC settlement
Tandy Leather Factory and its former CEO have agreed to pay a total of $225,000 as part of a settlement with the SEC to resolve charges of inaccurate financial reporting caused by a faulty inventory tracking system.
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ArticleCW whistleblower series: ‘Witness to Wrongdoing’
This in-depth CW series chronicles the timeline of a whistleblower—from identifying wrongdoing to reporting and enduring subsequent hardships. Exclusive interviews impart key lessons for compliance officers seeking to become an ally to these individuals.
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Balfour Beatty names U.S. chief compliance officer
Infrastructure company Balfour Beatty has named Daniel LaFrance as vice president & chief compliance officer.
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Encore Capital adds chief risk and compliance officer
Debt management provider Encore Capital Group has appointed Steve Carmichael as senior vice president, chief risk and compliance officer.
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Univision appoints general counsel ahead of Televisa merger
Spanish-language content company Univision Holdings announced the appointment of Pilar Ramos as general counsel as part of a redesign of its corporate leadership structure.
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ArticleAlfa Laval subsidiaries fined $430K for Iran sanctions violations
Dubai and U.S. subsidiaries of Swedish manufacturer Alfa Laval will settle OFAC charges they violated U.S. sanctions when they shipped storage tank cleaning units to an Iranian company.
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ArticleSFO secures DPAs worth $3.4M with two unnamed companies
The Serious Fraud Office announced deferred prosecution agreements worth £2.5 million (U.S. $3.4 million) with two unidentified U.K.-based companies for bribery offenses.
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ArticleFASB issues standard update for variable lease payments
The Financial Accounting Standards Board finalized an update to its leases standard targeting sales-type leases with variable lease payments.
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Quinn Emanuel adds ex-DOJ fraud chief
Law firm Quinn Emanuel Urquhart & Sullivan announced the addition of Robert Zink, the former head of the Justice Department’s Fraud Section, to its white-collar crime team.
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Article‘The Compliance Entrepreneur’s Handbook’ dispels false paradox
A new book proves compliance practitioners can take risks and get paid dividends, and the authors are willing to show you how.
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ArticleUBS unit to pay $8M for ETP compliance failures
UBS Financial Services agreed to pay more than $8 million as part of an SEC settlement for allegedly failing to adopt adequate policies and procedures regarding a certain exchange-traded product.
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ArticleLordstown Motors confirms DOJ, SEC probes into SPAC merger
Electric vehicle manufacturer Lordstown Motors disclosed in a regulatory filing it has received scrutiny from the Justice Department and the Securities and Exchange Commission regarding its SPAC deal and preorders of its flagship truck.
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ArticleFCA pledge to be more assertive rings hollow amid enforcement drops
A steady decrease in enforcement activity makes it easy to question whether the U.K. Financial Conduct Authority is in position to become the “more innovative, assertive, and adaptive regulator” it pledges to be.