Articles | Compliance Week – Page 85
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ArticleReport: Human trafficking undeterred by COVID-19
While many aspects of life over the last year have stagnated because of the pandemic, human trafficking has not slowed down. A new report from the U.S. Department of State explores the latest trends.
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ArticleFive pieces of advice for potential whistleblowers
Thinking of becoming a whistleblower? The path ahead likely won’t be easy. Learn from others that have been through the process.
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ArticleSeven things whistleblowers want compliance officers to know
Aaron Nicodemus explains what whistleblowers, their supporters, and advocates would like compliance officers who handle internal complaints to understand about the process from their side of the table.
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Hong Kong regulator fines UBS $1.5M for compliance failings
Hong Kong’s securities regulator fined Swiss bank UBS and a subsidiary a total of HK$11.55 million (U.S. $1.5 million) for various compliance failures.
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ArticleEU guidance seeks to clarify role of AML/CFT compliance officers
The European Banking Authority is seeking comment on new draft guidelines that set clear expectations regarding the appointment, role, tasks, and responsibilities of anti-money laundering and countering the financing of terrorism compliance officers.
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ArticleItalian DPA fines Deliveroo $3M for worker privacy violations
Italy’s data protection authority Garante fined U.K.-based food delivery company Deliveroo €2.5 million (U.S. $3 million) under the GDPR for violating the privacy rights of its Italian drivers.
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ArticleActing FinCEN head to step down; new search underway
The Treasury Department has launched a public search for a new permanent director of the Financial Crimes Enforcement Network after the acting head of the agency announced his intentions to step down.
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HF Foods Group appoints chief compliance officer
HF Foods Group, a food distributor to Asian/Chinese restaurants, has appointed Christine Chang as general counsel and chief compliance officer.
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TSG Consumer Partners adds chief compliance officer
Private equity firm TSG Consumer Partners appointed Drew Weilbacher as its new chief compliance officer.
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AIG appoints chief risk officer
Global insurance firm American International Group, Inc. announces the appointment of Sabra Purtill as executive vice president, chief risk officer.
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Ironwood Pharmaceuticals names chief legal officer
Gastrointestinal healthcare company Ironwood Pharmaceuticals named John Minardo as senior vice president, chief legal officer.
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ArticleThe importance of transaction monitoring, and the cost of getting it wrong
Transaction monitoring has evolved to the point where the emphasis is now on the requirement firms carry out ongoing monitoring of client relationships. Recent enforcement actions provide lessons on pitfalls to avoid.
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ArticleActivision Blizzard scandal signals day of reckoning for video game industry
Activision Blizzard is not only a case study in how not to respond to allegations of sexual harassment and discrimination in the workplace—it’s also the latest blatant showing of managerial recklessness in an industry ripe for transformational change.
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ArticleSEC to revisit Trump-era whistleblower changes
The Securities and Exchange Commission will review two Trump-era changes to the agency’s whistleblower program, with an eye toward encouraging individuals to report wrongdoing.
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ArticleZoom agrees to enhance compliance in $85M settlement
Zoom has agreed to a preliminary class-action settlement with terms that would require the video-conferencing platform to establish an $85 million fund and improve its data privacy and security practices.
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ArticleSEC seeks more risk disclosures from China-based companies
The SEC will require China-based public companies listed on U.S. exchanges to make more disclosures about the financial risks posed by potential interference in their operations by the Chinese government.
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ArticleEY fined $10M for independence violations in Sealed Air engagement
EY has agreed to pay $10 million as part of a settlement with the SEC related to charges of auditor independence misconduct perpetrated by several partners of the Big Four firm to secure Sealed Air as a client.
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ArticleAllianz bracing for financial hit amid DOJ scrutiny
Insurance giant Allianz disclosed it could face enforcement resulting from Department of Justice and Securities and Exchange Commission probes into its Structured Alpha Funds business.
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ArticleJudge dismisses CCPA-related lawsuit against Walmart
A federal judge in California dismissed a lawsuit alleging a data breach at Walmart was a violation of the California Consumer Privacy Act, noting the plaintiff failed to prove a breach occurred.
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ArticleWe bet you’ll love us: Free CW access for month of August
For the month of August, we’re tearing down our paywall. Readers can access our entire archive of news, benchmarking surveys, special reports, case studies, and Webcasts by simply creating a free account and signing in.