All Europe articles – Page 5
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Blog
Helvetia Insurance appoints group risk chief
Helvetia Insurance announced the appointment of Bernhard Kaufmann as group chief risk officer, effective Nov. 1.
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News BriefPham cries CFTC overreach against compliance officer in $48M fine of TOTSA
The Commodities Futures Trading Commission fined TOTSA TotalEnergies Trading $48 million for allegedly engaging in price manipulation, with Commissioner Carolyn Pham defending a compliance officer at the Swiss energy company accused of making false statements.
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News BriefNordea Bank to pay $35M to resolve NYDFS probe into AML shortcomings
Finland-based Nordea Bank will pay $35 million to resolve an investigation by the New York Department of Financial Services into “significant compliance failures” in its anti-money laundering and Bank Secrecy Act program.
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News BriefDutch DPA fines Uber $324M over transferring driver data to U.S.
The Dutch Data Protection Authority fined Uber 290 million euros (U.S. $323.7 million) for illegally transferring data on European drivers to American servers and failing to appropriately safeguard the transfers.
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News BriefCFTC, ICE Futures fine Brazil-based Raizen Energia $850K over wash trading
Brazilian energy and sugar company Raizen Energia SA and its Swiss trading subsidiary will pay $850,000 in fines to settle charges that they engaged in illegal noncompetitive transactions.
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Blog
Cepsa names chief legal officer
Petroleum business company Cepsa appointed Virginia Beltramini as the new director of the company’s legal counsel and assurance area and secretary of the board of directors, effective Sep. 16.
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News BriefSpanish DPA dings retailer Uniqlo $294K over GDPR violations
Spain’s data protection authority fined retailer Uniqlo Europe 270,000 euros (U.S. $294,000) over admitted violations of the European Union’s General Data Protection Regulation.
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News BriefFCA fines Cyprus trading company $355K for unfair customer treatment
The U.K. Financial Conduct Authority fined a Cyprus-based trading company more than 276,000 pounds (U.S. $354,000) for unfair customer treatment and providing unauthorized investment advice.
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Blog
PayU GPO announces risk chief
PayU GPO announced the appointment of Simona Covaliu as chief risk officer.
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PremiumMany dating apps a matchmaker for cybercriminals, study finds
Location-based dating apps are not doing enough to protect user privacy, with exact location and other personal data being exploited by stalkers and bad actors, a recent analysis found.
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PremiumDORA set to enhance cyber resilience requirements for EU financial firms
The European Union’s Digital Operational Resilience Act, which is set to take effect next year, will require financial services firms to implement stronger measures to protect not only themselves from disruption caused by cyberattacks but also the sector as a whole.
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Blog
Criteo expands legal chief’s role
Commerce media company Criteo announced that Ryan Damon, formerly chief legal and corporate affairs officer, will assume the expanded role of chief legal and transformation officer.
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PremiumAI can help reel in ‘unsustainable’ breach costs, IBM report finds
The global average cost of a data breach jumped to an all-time high for the second year in a row, but companies can reel in the ballooning drag on profits by adopting artificial intelligence, according to an IBM report.
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PremiumSFO staffing shortages improve under new leadership
Staffing shortages that have plagued the U.K. Serious Fraud Office are trending in the right direction since its new director took charge, with the anti-bribery agency forging ahead with initiatives to ensure its future sustainability.
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Blog
ARI announces general counsel
Travel retailer ARI announced the appointment of Laura Lee O’Driscoll as general counsel.
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News BriefOSHA orders Maersk to pay $707K over suspending, firing whistleblower
Global shipping giant Maersk Line Limited agreed to pay more than $707,000 and reinstate a seaman who was terminated after he alerted a federal regulatory agency about alleged safety violations, the U.S. Department of Labor’s Occupational Safety and Health Administration said.
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PremiumCompensation survey finds average annual CCO pay jumped above $400K
A new compensation survey found base pay for chief compliance officers has risen 36 percent since 2021 to an average of more than $403,000.
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PremiumRisk visibility striking fear in companies onboarding new customers
A lack of risk visibility is causing companies to reject customers–and potentially lose money–over fears they might be in danger of violating rules around anti-money laundering and sanctions regulations.
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News BriefDOJ orders Prysmian unit to pay $920K over alleged fabricated tests to military
Prysmian Cables and Systems USA agreed to pay $920,000 to settle allegations it falsified tests and compliance certifications concerning cable it sold to the U.S. military for use in vehicles, the Department of Justice said.
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News BriefOFAC sets Aug. 2 deadline for firms to report Russian sovereign assets
Financial institutions holding Russian sovereign assets that have not reported them to the Treasury Department’s Office of Foreign Assets Control are now required to do so by Aug. 2.