CW reveals its list of five compliance wins from the year, including Samsung for its honesty, Volkswagen for successfully wrapping up its monitorship, 3M for stellar ethics, and more.
Kyle Brasseur
Posted inAnti-Bribery
Energy trader Vitol to pay $164M in FCPA case
The U.S. affiliate of global energy and commodity trading company Vitol will pay approximately $164 million to settle charges of bribery, corruption, and manipulative and deceptive conduct levied by multiple regulators, including historic involvement by the CFTC.
Posted inAccounting & Auditing
Ex-KPMG exec avoids prison in final cheating scandal sentencing
Former KPMG inspections leader Thomas Whittle was sentenced to two years of supervised release for his role in the Big Four firm’s cheating scandal that saw three of his colleagues and co-conspirators receive time behind bars.
Posted inUncategorized
MSRB shakeup transitions CCO to chief regulatory officer
Senior leadership changes at the Municipal Securities Rulemaking Board under new CEO Mark Kim include the transition of the organization’s chief compliance officer to the role of chief regulatory officer.
Posted inUncategorized
WWE names principal accounting officer
World Wrestling Entertainment has appointed Karen Mullane as controller and principal accounting officer amid a reshuffling of executive leadership.
Posted inEurope
Vodafone Italy fined $14.5M under GDPR for telemarketing tactics
The Italian arm of multinational telecommunications company Vodafone is facing a fine of more than €12.25 million (U.S. $14.5 million) under the General Data Protection Regulation for aggressive telemarketing practices.
Posted inAccounting & Auditing
PCAOB to adopt SEC auditor independence updates
The Public Company Accounting Oversight Board will adopt amendments to its independence standards to align with recent updates initiated by the Securities and Exchange Commission.
Posted inEurope
German court cuts 1 & 1 Telecom GDPR fine by 90 percent
Continuing a recent trend of massive fine reductions under the General Data Protection Regulation, 1 & 1 Telecom in Germany had its €9.55 million penalty issued last year reduced to €900,000 (U.S. $1.06 million) by a German court.
Posted inRegulatory Enforcement
Nikola discloses subpoenas over fraud allegations
Electric truck startup Nikola disclosed in a regulatory filing it has received subpoenas from the SEC and the Department of Justice regarding fraud allegations raised in a short-seller report in early September.
Posted inUncategorized
SoftBank promotes compliance officer to legal chief
SoftBank Group continues to shake its executive ranks up, announcing the appointment of Tim Mackey to the role of chief legal officer. Mackey had just been appointed group compliance officer of SoftBank in September.
