All Compliance Week articles in Web Issue – Page 12
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News Brief
Ford to pay $365M in DOJ deal for evading customs tariffs
Ford Motor Co. agreed to pay $365 million to settle charges levied by the Department of Justice that the automaker purposefully dodged import duties for years by mislabeling and undervaluing hundreds of thousands of cargo vans it brought into the United States from Turkey.
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News Brief
FCA fines financial adviser $1.1M over British Steel advice, oversight lapses
The U.K. Financial Conduct Authority fined Inspirational Financial Management nearly £900,000 (U.S. $1.1 million) regarding alleged failures in advice and oversight provided to customers who were primarily members of the British Steel Pension Scheme.
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DOL seeking more authority in crackdown on child labor violations
The Department of Labor has stepped up its enforcement of child labor law amid a concerning rise in child labor exploitation, yet the agency acknowledges its resources are not great enough to be a significant deterrent for such misconduct.
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News Brief
FTC restores bipartisan balance with Ferguson, Holyoak confirmations
The appointments of two new commissioners on the Federal Trade Commission were confirmed, with the Democratic-led agency welcoming Republicans Andrew Ferguson and Melissa Holyoak.
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News Brief
New Zealand banks to report material cyber incidents within 72 hours
The Reserve Bank of New Zealand added new reporting requirements for its member banks to follow if they suffer a material cyber incident and for all types of cyberattacks.
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Child labor violations are on the rise in U.S. Are they in your supply chain?
The compliance community has not been spending time addressing a problem mistakenly thought to be a rarity: The proliferation of child labor violations occurring in the United States.
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News Brief
Italian DPA fines UniCredit $3M over data breach GDPR lapses
The Italian data protection authority announced a fine of €2.8 million (U.S. $3 million) against UniCredit for alleged violations of the General Data Protection Regulation regarding insufficient security measures the bank had in place during a cyberattack.
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SFO director support for whistleblower incentives enough to drive change?
When Nick Ephgrave of the Serious Fraud Office said in his maiden speech he favored paying whistleblowers in exchange for information, he might not have been fully aware of the implications, according to legal experts.
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Blog
Realworld Asset Group names general counsel
Real estate investment company Realworld Asset Group appointed Derrick Grüner as chief capital markets officer and general counsel.
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Blog
Flotek adds general counsel
Flotek Industries, a green chemical and data analytics company, announced it appointed Amy Blakeway as senior vice president, general counsel.
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Blog
Five Point Holdings promotes legal chief to chief operating officer
Real estate company Five Point Holdings announced the promotion of Mike Alvarado, the company’s chief legal officer, vice president and secretary, as chief operating officer.
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Blog
Lumentum appoints general counsel
Lumentum Holdings, a manufacturer of telecommunications equipment, announced the appointment of Jae Kim as senior vice president, general counsel and corporate secretary.
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Blog
Third Coast Bancshares ups CCO to operations chief
Third Coast Bancshares appointed Vicki Alexander as executive vice president and chief risk and operations officer.
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DOJ eyeing more FCPA cases with whistleblower program
The Department of Justice anticipates its upcoming whistleblower reward program will help the agency increase its pipeline of cases involving apparent violations of the Foreign Corrupt Practices Act, said Acting Assistant Attorney General Nicole Argentieri.
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News Brief
Skechers fined $1.25M over related person disclosure failures
Footwear company Skechers agreed to pay $1.25 million to settle charges by the Securities and Exchange Commission of failing to disclose payments to executives’ family members.
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Blog
Alliance Resource Partners names general counsel
Coal producer Alliance Resource Partners announced Steven Schnitzer will join as senior vice president, general counsel and secretary of Alliance Resource Management GP.
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Blog
Altus Power appoints CBRE sustainability chief to board
Clean energy provider Altus Power announced the appointment of Robert Bernard, CBRE’s chief sustainability officer, to its board of directors.
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Blog
Power Solutions International names general counsel
Engine designer and manufacturer Power Solutions International announced the board of directors appointed Randall Lehner as general counsel.
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Blog
Laureate Education appoints legal chief
Education services company Laureate Education announced the appointment of Leslie Brush as senior vice president, chief legal officer and secretary.
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Blog
Equitable Holdings announces chief risk officer
Financial services holding company Equitable Holdings announced Julia Zhang as chief risk officer.