All Compliance Week articles in Web Issue – Page 105
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News BriefBritish reinsurers Tysers, H.W. Wood settle with DOJ over Ecuador bribes
Two U.K.-based reinsurance brokers, Tysers Insurance Brokers and H.W. Wood, reached separate settlements with the U.S. Department of Justice addressing their participation in a wide-ranging scheme to pay bribes to Ecuadorian government officials.
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PremiumUsing AI? The SEC wants to know about it
The Securities and Exchange Commission has not yet implemented rules governing use of artificial intelligence but still expects regulated entities to adhere to commonly accepted practices, including disclosure, said an agency enforcement official.
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News BriefCISA guidance provides cyber risk mitigation strategies for healthcare
New guidance released by the Cybersecurity and Infrastructure Security Agency offers best practices for organizations in the healthcare and public health sector to adopt to combat rising cyber threats.
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News BriefToyota finance arm to pay $60M in CFPB settlement
Toyota Motor Credit Corp. agreed to pay $60 million as part of a settlement with the Consumer Financial Protection Bureau addressing allegations of illegal lending and credit reporting misconduct.
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Blog
Q2 appoints first chief risk officer
Digital banking and lending solutions provider Q2 Holdings appointed Blair Williams as its first chief risk officer.
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Blog
Pure Harvest names chief sustainability officer
Agribusiness Pure Harvest Smart Farms appointed Josef Schmidhuber as chief sustainability officer.
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Blog
TEGNA adds chief legal officer
Media firm TEGNA announced the appointment of Lauren Fisher as senior vice president and chief legal officer.
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Blog
CBIZ appoints chief legal officer
CBIZ, a provider of financial, insurance, and advisory services, announced it named Jaileah Huddleston as chief legal officer and corporate secretary.
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Blog
UPMC names chief legal officer
The University of Pittsburgh Medical Center announced the appointment of Mark Tamburri as executive vice president and chief legal officer.
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OpinionNo time like present to tackle thorny problem of off-channel comms
The new messaging on use off-channel communications for business should be clear: What was done before is no more. It cannot continue. The stakes are too high.
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News BriefMorgan Stanley settles with states for $6.5M over mishandled data
Morgan Stanley agreed to pay $6.5 million as part of a settlement with six states requiring the firm to strengthen its data security after actions it took compromised the personal data of millions of customers.
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News BriefFrench high court orders new trial into $2B fine against UBS
France’s top court struck down a fine of €1.8 billion (U.S. $2 billion) imposed on UBS in 2021 by a lower court, despite upholding a guilty verdict related to money laundering and tax fraud in the Swiss bank’s cross-border activities.
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News BriefLifecore Biomedical earns FCPA declination for voluntary self-disclosure
Pharmaceuticals company Lifecore Biomedical won’t face prosecution for apparent violations of the Foreign Corrupt Practices Act after satisfying multiple factors of the Department of Justice’s recently updated voluntary self-disclosure policy.
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News BriefCCO jailed 4 1/2 years for role in $50M Medicare fraud
The chief compliance officer of a defunct pharmacy holding company was sentenced to 4 1/2 years in prison after being found guilty of conspiracy to commit healthcare fraud and wire fraud earlier this year.
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Blog
Maryland tabs first chief sustainability officer
Maryland Gov. Wes Moore announced the appointment of Meghan Conklin as the state’s first chief sustainability officer.
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Blog
Divert announces general counsel
Impact technology company Divert announced the appointment of Kathleen Patton as general counsel.
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Blog
Campbell’s names new general counsel
Campbell Soup Company announced the appointment of Charles Brawley III as executive vice president, general counsel and corporate secretary.
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Blog
Prologis adds sustainability chief to executive committee
Logistics real estate firm Prologis announced the addition of its Chief Energy and Sustainability Officer Susan Uthayakumar to its executive committee.
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Blog
FLA adds Admiral Money risk and compliance chief to board
The U.K.-based Finance & Leasing Association appointed Admiral Money’s Chief Risk and Compliance Officer Emma Powell to its board of directors.
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News BriefCFPB fines Enova $15M, orders exec compensation tied to compliance
The Consumer Financial Protection Bureau levied a $15 million fine against nonbank online lender Enova International for “widespread illegal conduct” that violated a previous agency order.