The alleged actions of an export compliance official are at the heart of “egregious” apparent OFAC sanctions violations by New York-based Comtech Telecommunications Corp. and its wholly owned subsidiary regarding sales in Sudan.
Kyle Brasseur
Posted inUncategorized
SoftBank adds group compliance officer as CCO departs
SoftBank Group announced the appointment of Tim Mackey as group compliance officer of SoftBank. Earlier this month, Chief Compliance Officer Chad Fentress departed the company to start his own consultancy.
Posted inFinancial Services
Former Goldman Sachs chief risk officer leaves for BNY Mellon
BNY Mellon poached from a competitor when it announced the hiring of former Goldman Sachs Chief Risk Officer Robin Vince as vice chair and CEO of Global Market Infrastructure.
Posted inWhistleblowers
SEC continues torrid whistleblower pace with $10M award
More than a quarter of the SEC’s 94 whistleblower payouts since 2012 have come this fiscal year, the latest a more than $10 million award announced Monday.
Posted inRegulatory Enforcement
Deutsche Bank Trust to pay $583K in Ukraine sanctions settlements
Deutsche Bank Trust Company Americas has reached a pair of settlements with the Office of Foreign Assets Control totaling $583,100 for apparent violations of Ukraine-related sanctions.
Posted inEurope
More Privacy Shield fallout: Swiss-U.S. pact ruled inadequate
The Swiss Federal Data Protection and Information Commissioner believes the Swiss-U.S. Privacy Shield “does not provide an adequate level of protection for data transfer from Switzerland to the US.”
Posted inAccounting & Auditing
PCAOB adds independence, evidence projects to agenda
The Public Company Accounting Oversight Board has added projects regarding auditor independence and audit evidence to its research and standard-setting agendas.
Posted inUncategorized
Libra gets new legal chief as general counsel departs
Fledgling digital currency group the Libra Association has appointed Steve Bunnell as chief legal officer as General Counsel Robert Werner steps away from the group after three months on the job.
Posted inFinancial Services
Robinhood adds two CCOs amid reported SEC probe
Online stock trading platform Robinhood last week announced the appointment of two chief compliance officers as it reportedly faces scrutiny from the SEC and FINRA regarding its March system outages.
Posted inAccounting & Auditing
Herbalife finalizes $123M FCPA settlement with SEC, DOJ
Herbalife will pay $123 million to settle charges of violating the books-and-records and internal accounting controls provisions of the Foreign Corrupt Practices Act in China.
