All United States articles – Page 71
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Blog
Mountain Commerce Bank adds risk chief to CCO’s title
Mountain Commerce Bank announced Amy Cantrell, who joined as senior vice president and chief compliance officer, will also serve as chief risk officer.
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News BriefCity National Bank ordered to pay $65M over deficient risk, internal controls
The Office of the Comptroller of the Currency levied a $65 million civil penalty against Los Angeles-based City National Bank over alleged risk management and internal control failures.
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News BriefCalavo Growers discloses potential FCPA issues
Multinational produce and agriculture company Calavo Growers disclosed in an annual filing an investigation into its Mexico operations found potential issues under the Foreign Corrupt Practices Act.
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News BriefCompliance officer BSA case a cautionary tale for small banks
A New York-based Bank Secrecy Act compliance officer facilitated more than $1 billion in high-risk international financial business through an “unsophisticated” institution, according to the Department of Justice and the Financial Crimes Enforcement Network.
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Blue Cross Blue Shield of Massachusetts announces risk chief
Health plan provider Blue Cross Blue Shield of Massachusetts announced Dawn Perry was named chief risk and audit officer, senior counsel and senior vice president.
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Howard Hughes Holdings announces general counsel
Real estate company Howard Hughes Holdings announced Joseph Valane was appointed general counsel and secretary.
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News BriefN.Y. sues Citi for lax data security, failing to reimburse fraud victims
Citibank faces a lawsuit from New York Attorney General Letitia James for allegedly failing to protect and reimburse customers who lost thousands of dollars in fraudulent wire transfers.
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Newmont names chief legal officer
Precious metals company Newmont Corp. announced the appointment of Peter Wexler as chief legal officer.
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PremiumWhat future holds for PCAOB post China crackdowns
The Public Company Accounting Oversight Board’s first enforcement settlements with mainland China and Hong Kong firms won’t be the last, as the chair of the regulator says its “just getting started.” U.S. firms must be mindful of the specific ethical issues highlighted.
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News BriefBusiness groups sue to halt California climate disclosure laws
A coalition of business groups filed a lawsuit opposing two California laws that require large businesses to make climate-related disclosures, calling it a fight against illegal and excessive government overreach.
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News BriefOCC proposes stricter review process for bank mergers
The Office of the Comptroller of the Currency proposed eliminating expedited or streamlined reviews of mergers for national banks and federal savings associations.
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News BriefTreasury cites Iraqi bank, owner over terrorist financing concerns
Al-Huda Bank faces severance from the U.S. financial system for being a conduit of terrorist financing, according to the Financial Crimes Enforcement Network, while its owner, Hamad al-Moussawi, was sanctioned by the Office of Foreign Assets Control.
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News BriefCalif. AG launches sweep into streaming apps’ compliance with CCPA
California Attorney General Rob Bonta announced the launch of an investigative sweep targeting popular streaming apps and devices, alleging noncompliance with the California Consumer Privacy Act.
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ERI appoints sustainability chief
Electronics and information technology asset disposition provider ERI named David Hirschler, who formerly served as senior director of sustainability and legislative compliance at the company, as its chief sustainability officer.
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Liberty Bankers Insurance Group names risk chief
Liberty Bankers Insurance Group announced the hiring of John Blocher as vice president, actuary and chief risk officer.
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Blog
AlphaGen announces general counsel
Alpha Generation, manager of one of the largest power infrastructure portfolios in the United States, announced Jason Buchman as general counsel.
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Blog
Surge Ventures adds Farmers Financial Solutions’ CCO to advisory board
Surge Ventures, a software-as-a-service venture studio, added Farmers Financial Solutions’ Chief Compliance Officer Ann Robinson to its advisory board.
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Blog
KP Aviation CEO shifts to chief compliance officer role
Aftermarket aerospace material and services provider KP Aviation announced Kim Schulze, the co-founder and current chief executive officer, will transition to the newly created role of principal and chief compliance officer.
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Blog
Micron announces legal chief
Storage solutions provider Micron Technology announced the appointment of Michael Ray as senior vice president, chief legal officer and corporate secretary.
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News BriefMGM Grand, Cosmopolitan fined $7.5M total over BSA violations
Two Las Vegas casinos agreed to pay penalties of nearly $7.5 million as part of separate non-prosecution agreements with the Department of Justice addressing violations of the Bank Secrecy Act over alleged anti-money laundering compliance failings.