Appointment Blogs | Compliance Week – Page 232
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Board of Directors and Line of Sight Into Compliance Trends
Image: A board of directors must set the appropriate tone at the top for any organization. Yet it must do more than simply set the tone, sit back, and do nothing. A board needs to take a hard look at the information it is being presented and tell management to ...
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FinCEN Takes Aim at Real Estate Industry
Compliance officers, beware: the Financial Crimes Enforcement Network’s increasingly aggressive push to combat money laundering has entered a new phase, and this time it has its sights on high-end real estate transactions. “We are seeking to understand the risk that corrupt foreign officials, or transnational criminals, may be using premium ...
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Hain Celestial Chief Accounting Officer Resigns
Food company Hain Celestial Group disclosed this month in a filing with the Securities and Exchange Commission that Ross Weiner, vice president of finance and chief accounting officer, has resigned to pursue another opportunity. His resignation is effective Feb. 9.
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Resilience Capital Partners Names General Counsel
Resilience Capital Partners, a private equity firm, has appointed Chad Hesse to its newly created general counsel role. For the past 11 years, Hesse has worked for Diebold, a publicly traded global manufacturer, sales and service provider of self-service technology, software and security solutions. During his time there, he held ...
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SBM Offshore Settles Bribery Case With Brazilian Authorities
Dutch engineering company SBM Offshore announced today that it has accepted an out-of-court settlement with Brazilian authorities to resolve allegations relating to the Petrobras bribery scandal, while emphasizing that the settlement does not involve an admission of guilt.
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Use of Compliance Data an Anti-Trust Violation in Europe?
How did the collection of Big Data somehow run afoul of European anti-trust regulations? The Man from FCPA takes a look at one of the more puzzling regulatory decisions to come out of the Eurozone recently, and at what it means for compliance officers everywhere.
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SEC Invests $18 Million to Further Modernize SEC.gov
The SEC's website, SEC.gov, is one of the federal government’s busiest websites, reportedly serving up more than 562 million page views every month. Earlier this month, Accenture Federal Services announced that the SEC has awarded it a $17.9 million contract to modernize and “create an improved user experience” for users ...
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Former Transocean Chief Compliancee Officer Joins Norton Rose
Mike Munro, former deputy general counsel and chief compliance officer at offshore driller Transocean, has joined global law firm Norton Rose Fulbright as head of compliance of its Houston office.
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Honduras Forms New International Anti-Corruption Body
The Honduran government recently announced the creation of the Mission to Support the Fight against Corruption and Impunity (MACCIH), an international body backed by the Organization of American States. Its mandate is to investigate and prosecute criminal activities in the country’s political, judicial and security systems, as well as to ...
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NICE Actimize Launches Notifications & Attestations Solution
NICE Actimize, a NICE Systems business and a provider of financial crime, risk and compliance software for the financial services industry, announced the launch of its new Actimize Notifications & Attestations compliance and policy management solution. The solution allows compliance professionals to monitor regulatory compliance, to gain better oversight of ...
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Economical Insurance Names Chief Risk Officer
Economical Insurance, a property and casualty insurer in Canada, has appointed Elaine Lajeunesse as senior vice president and chief risk officer, effective Jan. 25. Lajeunesse has more than 25 years of experience as a risk management professional and actuary in the Canadian insurance industry.
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Tauber-Rosenberg Names Group Chief Risk Officer
Tauber Rosenberg, a family owned and operated, professional full-service commodities and futures trading brokerage firm, has appointed Wendy Huateng as group chief risk officer. She will report to Ken Cheung, group chief operating officer, and be based in Taipei.
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HomeUnion Names Chief Compliance and Risk Officer
HomeUnion, an online, real-estate investment management firm enabling value investing in single-family rental (SFR) properties, announced that it has hired Geri Brewster as chief compliance and risk officer. In this new position, Brewster oversees legal, risk and compliance functions for the company.
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CMS Energy Hires Chief Compliance Officer
CMS Energy has named Melissa Gleespen as chief compliance officer for the company and its chief subsidiary, Consumers Energy. She will also continue to serve in her current role as vice president and corporate secretary.
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Is Cobalt the Next Conflict Mineral?
Under the Securities and Exchange Commission’s conflict minerals rule, public companies are required to track the source of tantalum, tin, gold, and tungsten in their supply chains. A push is on to require similar measures for cobalt, with a call for additional supply chain due diligence made in a new ...
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Internal Controls Trump New Rules in List of Worries, KPMG Finds
According to a recent KPMG poll, continued pressure on internal control over financial reporting is the most pressing concern for financial reporting executives. Nearly one-third of 400 respondents, or 31 percent, said internal controls are at the top of their worry list beyond their basic financial reporting responsibilities. One-fourth, or ...
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Chariots of Fire
Hoverboards were this holiday season’s must-have present, but ongoing product safety concerns, patent infringement lawsuits, and even a regulator raid at a prominent electronics industry tradeshow all point to a product category that has been rushed to market in more ways than one, constituting a compliance failure that is as ...
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Deloitte Finds Shift to Full Retrospective Adoption of Revenue Recognition
Image: According to a recent questionnaire from Deloitte of more than 170 technology, media, and telecom firms, 38 percent said they were leaning toward or had firmly decided on adopting the new revenue standard following the full retrospective approach. That means companies would present three full years worth of financial ...
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2015 Interactive Timeline: A Year of Transparency
Whether it was the Swiss leaks scandal, the European Parliament’s formal adoption of the 4th Anti-Money Laundering Directive, or a movement to require multinational corporations to publicly report financial information on a country-by-country basis, 2015 was a year in which transparency became a watchword across Europe. Take a look at ...
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EBA Consults on Draft Guidelines on Implicit Support for Securitisation Transactions
The European Banking Authority has launched a public consultation on draft guidelines on implicit support for securitisation transactions. The objective of the guidelines is to provide clarity on what constitutes arm’s length conditions and when a transaction is not structured to provide support for securitisations. The consultation runs until 20 ...