Articles | Compliance Week – Page 97
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ArticleAudit client turnover 2020: EY ends Deloitte’s streak; PwC, KPMG lag behind
Ernst & Young and Deloitte each had net increases in new public company audit engagements in 2020, while Big Four peers PwC and KPMG saw net decreases, according to the latest annual study.
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ArticleFour ways you can support diversity and inclusion at your company
Diversity and inclusion leaders from Procter & Gamble and The Hartford share key elements for successfully achieving and sustaining a work environment that respects and fosters diversity, equity, and inclusion.
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Article‘An invaluable asset’: Participants praise opportunity for feedback via GDPR sandboxes
Regulatory sandboxes launched by EU data protection authorities provide firms the opportunity to collaborate and make use of the regulator’s expertise to reduce GDPR compliance risks.
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ArticleGDPR dealt blow as German court drops $17.2M Deutsche Wohnen fine
A €14.5 million (U.S. $17.2 million) fine against Deutsche Wohnen has been dropped after a German court found under German law the company could not be held responsible for violating the GDPR unless blame could be attached to a specific individual or executive.
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ArticleSEC charges AT&T, three execs with disclosure violations
The Securities and Exchange Commission has accused AT&T of selectively disclosing material nonpublic information regarding poor smartphone sales to research analysts, in violation of the regulation that requires such information to be made public.
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ArticleIn their words: Celebrating women in compliance on International Women’s Day
In celebration of International Women’s Day, Compliance Week caught up with female CCOs to discuss the mentors in their lives; the importance of serving as mentors themselves; how they’ve turned challenges into opportunities; and more.
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ArticleOn International Women’s Day, we should ‘Choose to Challenge’
International Women’s Day isn’t just about celebrating women. It’s also about challenging norms. As such, CW’s Aly McDevitt challenges you to read this piece without flinching.
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SEC task force will scrutinize climate and ESG disclosures
OK, OK, Securities and Exchange Commission. We get the message. Climate and ESG-related disclosures will be under increased scrutiny in 2021.
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Bush administration veteran joins Activision Blizzard as chief compliance officer
Video game giant Activision Blizzard announced Frances Townsend has joined the company as executive vice president for corporate affairs and has been appointed by the board of directors to serve as corporate secretary and chief compliance officer.
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Goldman Sachs general counsel to retire
Goldman Sachs General Counsel Karen Seymour will retire from the financial services firm at the end of March, according to an internal announcement. Seymour will rejoin Sullivan & Cromwell as a partner.
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HanesBrands names chief compliance officer, general counsel
Multinational clothing company HanesBrands announced Tracy Preston has been named general counsel, corporate secretary and chief compliance officer.
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Carnival general counsel steps down
Global cruise line operator Carnival Corp. announced Arnaldo Perez has stepped down as general counsel. Perez, who held the position since 1995, will remain at Carnival as senior vice president and company secretary.
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Novartis legal chief to resign
Swiss-based pharmaceutical firm Novartis announced Chief Legal Officer Shannon Thyme Klinger has decided to resign and return to the United States to take an executive role at a biotechnology company.
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Emerson promotes chief compliance officer to SVP
Manufacturing giant Emerson announced the promotion of Vice President and Chief Compliance Officer Lisa Flavin to a senior vice president role. Flavin will also join Emerson’s office of the chief executive.
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TriMas chief compliance officer departs
TriMas, a manufacturer of engineered and applied industrial products, announced Joshua Sherbin, senior vice president, general counsel and chief compliance officer, is leaving the company.
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ArticleFCA confirms Dec. 31 end date for LIBOR
The U.K. Financial Conduct Authority put the nail in the coffin of LIBOR, confirming the widely used benchmark interest rate will cease to be available in most forms at the end of this year.
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ArticleOFAC crypto crackdown: Coinbase disclosures under review
Coinbase disclosed certain of its transactions are “under review” by the Office of Foreign Assets Control for potential violations of U.S. sanctions laws. Fellow cryptocurrency platforms BitGo and BitPay have each been fined by the regulator in the last three months.
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ArticleNYDFS fines mortgage banker $1.5M for cyber-security violations
The New York State Department of Financial Services fined Residential Mortgage Services $1.5 million for violating New York’s cyber-security regulation.
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ArticleEx-undercover agent Robert Mazur to share first-person AML lessons at CW event
Robert Mazur, the famous undercover agent portrayed in the 2016 film “The Infiltrator,” will be the keynote speaker on Day 2 of Compliance Week’s upcoming financial crimes event, to be held virtually March 30-31.
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ArticleHow audit can support increased ESG mandates
The Center for Audit Quality and American Institute of Certified Public Accountants released a new roadmap that provides tools for independent auditors to support companies in achieving their ESG reporting goals.