All United States articles – Page 6
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PremiumTable: SEC, CFTC off-channel communications penalties
The Securities and Exchange Commission and Commodity Futures Trading Commission have combined to levy nearly $2.8 billion in penalties (so far) against firms and their affiliates in response to recordkeeping failures regarding employee use of off-channel communications for business purposes.
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News BriefSEC lauds cooperators, whistleblowers in FY23 enforcement results
A big year for disgorgement helped the Securities and Exchange Commission to its second highest total of financial remedies ordered in a single year in fiscal year 2023.
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News BriefPwC Greece fined $3M for due care, skepticism failures
The Greece-based branch of Big Four audit firm PwC agreed to pay $3 million as part of a settlement with the Public Company Accounting Oversight Board addressing alleged failures in due professional care and appropriate skepticism regarding an audit of a marine fuel logistics company.
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News BriefHHS publishes updated healthcare compliance guidance
New guidance from the Department of Health and Human Services is designed to apply generally to the healthcare industry, from doctors to pharmaceutical manufacturers, and help all such entities self-monitor their compliance and prevent waste, fraud, and abuse.
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PremiumCrisis management: Know the facts, keep communications clear
A panel of legal experts breaks down how to handle an all-out crisis, from whom to involve, what to disclose to regulators, and how to conduct a proper investigation.
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First Tech Federal Credit Union appoints first risk chief
First Tech Federal Credit Union announced the appointment of Jeff Prelle as its first chief risk officer.
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SEKO Logistics announces chief compliance officer
SEKO Logistics, a supply chain solutions provider, announced the promotion of Lila Landis to global chief compliance officer.
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Blizzard names global diversity officer
Blizzard Entertainment introduced Pamela Burga as its global diversity, equity, and inclusion officer.
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Keurig Dr Pepper promotes sustainability chief to head corporate affairs
Beverage company Keurig Dr Pepper promoted its Senior Vice President and Chief Sustainability Officer Monique Oxender to chief corporate affairs officer.
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News BriefEx-OneCoin compliance head pleads guilty to fraud role
The former head of legal and compliance at OneCoin pleaded guilty to fraud charges regarding her role in a cryptocurrency marketing scheme that generated more than $4 billion in sales and revenue.
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PremiumKPMG report forecasts heighted risk standards for banks in 2024
A new report from KPMG predicted the banking and financial services industries will be hit with unprecedented regulatory intensity in 2024, with regulators expecting compliance deficiencies to be addressed more thoroughly and quicker than ever before.
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News BriefReport: Morgan Stanley AML controls draw Fed scrutiny
The wealth management arm of Morgan Stanley is being probed by the Federal Reserve regarding the controls it has in place to prevent wealthy foreign customers from laundering money, according to a report from the Wall Street Journal.
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PremiumTPRM Summit: How to operate a risk-based due diligence program
A panel of experts broke down the nuts and bolts of integrating a risk-ranking strategy and tailored approach to third-party due diligence at CW’s virtual TPRM and Oversight Summit.
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Millennium Challenge Corporation appoints general counsel
The Millennium Challenge Corporation, an independent government agency, announced the hiring of Peter Jaffe as vice president, general counsel and corporate secretary.
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Celanese names general counsel
Chemical and specialty materials company Celanese Corp. named Ashley Duffie as senior vice president and general counsel.
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Cox Enterprises names chief compliance and privacy officer
Cox Enterprises announced Amber Hall has been named its chief compliance and privacy officer.
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IDEOlogy Health appoints chief compliance officer
Medical education company IDEOlogy Health announced the appointment of Sandra Park as general counsel and chief compliance officer.
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News BriefCFPB: Citi to pay $26M over Armenian American discrimination
Citi agreed to pay $25.9 million in fines and redress as part of a settlement with the Consumer Financial Protection Bureau addressing allegations the bank discriminated against credit card applicants identified as Armenian American.
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PremiumN.Y. law to pose hurdle for RIA’s off-channel comms supervision efforts
A New York state law that takes effect next year will make it more difficult for registered investment advisers in the state to conduct proactive testing for violations of their firms’ off-channel communication policies.
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News BriefFCPA opinion tackles government-authorized payments
A new Foreign Corrupt Practices Act review by the Department of Justice offers an example of when stipends paid to foreign government personnel would not be considered a violation of the anti-bribery provisions of the law.