All Compliance Week articles in Web Issue – Page 139
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Blog
Amtrak recruits CCO from MassDOT
The chief compliance officer at the Massachusetts Department of Transportation, Maria Buccieri, is departing the agency for a compliance role with the National Railroad Passenger Corporation.
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News BriefSEC charges Binance, founder in latest crypto crackdown
The Securities and Exchange Commission charged Binance Holdings, its U.S.-based affiliate BAM Trading Services, and their founder Changpeng Zhao with a series of securities law violations, including operating unregistered exchanges.
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Blog
Camden National Bank promotes enterprise risk head to chief risk officer
Camden National Bank announced the promotion of David Ackley Jr. to executive vice president and chief risk officer.
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Blog
Kroll promotes legal, risk leaders
Business consulting and services company Kroll announced the promotion of General Counsel Edward Forman to chief legal and risk officer, with Deputy General Counsel Christopher Matteson succeeding Forman.
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Blog
Federal Reserve Bank of New York appoints chief risk officer
The Federal Reserve Bank of New York announced the appointment of Mihaela Nistor as chief risk officer and head of the risk group.
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News BriefSEC dismisses 42 cases after improper access findings
The Securities and Exchange Commission dismissed proceedings in 42 enforcement cases after disclosing improper staff access to restricted records at the agency occurred on a wider scale than initially identified.
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News BriefTenet-affiliated health systems to pay $30M in DOJ kickback case
Tenet Healthcare, Vanguard Health Systems, and the Detroit Medical Center agreed to pay $29.7 million as part of a settlement with the Department of Justice addressing allegations they provided kickbacks to doctors who made referrals to their health organizations.
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PremiumCulture goals: ‘Get out of the squishiness and into something measurable’
Organizations must move beyond abstract theory and truly measure their compliance culture, a panel of experts discussed during Compliance Week’s 2023 National Conference.
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News BriefMicrosoft reserves $425M for LinkedIn GDPR penalty
Microsoft will reserve $425 million to pay a potential fine from the Irish Data Protection Commission regarding alleged violations of the General Data Protection Regulation by its social media subsidiary, LinkedIn.
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News BriefFTC orders Amazon pay $30M for alleged Alexa, Ring privacy violations
Amazon is set to pay more than $30 million comprised of a civil penalty and consumer refunds to resolve two separate cases alleging privacy violations regarding its Alexa voice assistant service and Ring doorbell subsidiary.
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PremiumCCO compensation survey: Big gains for energy, healthcare
Annual total compensation for chief compliance officers rose 10 percent in 2022, according to the latest compensation survey by executive search firm BarkerGilmore.
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PremiumRisk assessment fundamentals: Flexibility, accountability, more
Tailoring your risk assessments to guidance from your relevant regulators is a good idea, a panel of compliance practitioners speaking at Compliance Week’s 2023 National Conference agreed. But it certainly isn’t the place to start.
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PremiumFive years of GDPR: Experts forecast changes to come for landmark privacy law
The fifth anniversary of the European Union’s General Data Protection Regulation coming into force has highlighted the many successes of the legislation but also exposed areas where the law is still untested and unclear.
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News BriefCrown Resorts agrees to pay $292M over AML/CFT violations
Crown Resorts agreed to pay 450 million Australian dollars (U.S. $292 million) and overhaul its anti-money laundering and combating the financing of terrorism compliance controls for repeatedly violating Australia’s AML/CFT law.
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News BriefEx-Wells Fargo exec to pay $5M in SEC settlement over fake accounts
Carrie Tolstedt, the former head of Wells Fargo’s community bank, agreed to pay nearly $5 million to settle charges levied by the Securities and Exchange Commission related to the bank’s fake account scandal.
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PremiumAvoiding the echo chamber: CCO among ‘crucial’ roles in crisis response
Businesses can be well prepared to manage a crisis by having continuity among stakeholders and avoiding leakage of privileged information to prevent conflict, a panel of legal and compliance experts shared at Compliance Week’s 2023 National Conference.
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News BriefFormer SEC Chair Harvey Pitt dead at 78
Harvey Pitt, the former chairman of the Securities and Exchange Commission and an inaugural Compliance Week columnist, died. He was 78 years old.
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Resourcee-Book: New audit risk landscape: ESG, cyber, more
As companies face sustainability reporting challenges, accounting and audit firms are fielding increased requests for assistance, along with demands from investors and regulatory bodies for assurance on disclosures.
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PremiumCW2023: CBP official on early impact of Uyghur forced labor law
Customs agents have flagged thousands of products marked as made in Malaysia, Vietnam, or elsewhere in accordance with the UFLPA, an official from U.S. Customs and Border Protection shared during a panel at Compliance Week’s 2023 National Conference.
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News BriefGartner to pay $2.5M to settle alleged FCPA violations in South Africa
Gartner agreed to pay nearly $2.5 million as part of a settlement with the Securities and Exchange Commission addressing alleged violations of the Foreign Corrupt Practices Act in South Africa.