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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Neil Hodge2022-09-30T18:59:00
A recent tribunal ruling against Commerzbank in a case brought by a compliance officer serves as reminder employers should be careful to not make “stereotypical” assumptions about what tasks pregnant female staff or those returning from maternity leave can or should perform, legal experts said.
The London branch of the German bank was found to have discriminated against employee Jagruti Rajput for effectively sidelining her when she returned from maternity leave, a U.K. employment appeal tribunal upheld. The latest judgment in the case was made public Sept. 23 after a tribunal’s earlier ruling in Rajput’s favor was challenged.
Rajput, a senior compliance officer at Commerzbank, complained a substantial part of her work had been given to a male colleague without her knowledge or consent as she returned from maternity leave, and that he was then treated as a senior member—referred to as the “point person”—of the team. She also complained she had been left out of two team meetings: one while she was on maternity leave and another after she had returned to work.
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News and analysis for the well-informed compliance or audit exec.
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2023-08-02T20:37:00Z By Jeff Dale
A former risk and compliance officer at National Westminster Bank was awarded nearly £88,000 (U.S. $112,000) after a U.K. employment tribunal found she was unfairly dismissed and discriminated against during her sick leave for colon cancer.
2024-07-26T19:49:00Z By Aaron Nicodemus
Three federal banking regulators issued guidance on the risks posed by the use of third-party financial technology firms to deliver bank deposit products and services to customers.
2024-07-26T15:51:00Z By Aaron Nicodemus
The U.K. Financial Conduct Authority issued a fine of $4.5 million (3.5 million pounds) against a U.K.-based subsidiary of crypto platform Coinbase for providing services to high-risk customers in violation of FCA rules.
2024-07-12T10:49:00Z By Neil Hodge
It’s been a trying time for staff at firms with redundancies, affecting morale as layoffs mount amid an effort to silence dissent in the ranks for those departing.
2024-07-09T19:08:00Z By Ruth Prickett
Codes of ethics and conduct are becoming ubiquitous, yet instilling high standards of corporate integrity still seems an elusive goal. Why is corporate culture such a challenge?
2024-06-27T13:39:00Z By Adrianne Appel
Keeping track of regulations and understanding how they affect your business can be a hot mess without proper organization and collaboration, experts said at Compliance Week’s Women in Compliance Summit, held June 3-4, in Atlanta.
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