All Compliance Week articles in Web Issue – Page 1414
-
News BriefWells Fargo unit fined $425K by FINRA over trade disclosures
Wells Fargo Securities agreed to pay a $425,000 penalty as part of a settlement with the Financial Industry Regulatory Authority addressing allegations of disclosure lapses affecting millions of trade confirmations and related supervisory failures.
-
News BriefHilcorp San Juan to pay $35M for royalty payment false claims
Hilcorp San Juan agreed to pay $34.6 million as part of a settlement with the Department of Justice addressing allegations of False Claims Act violations regarding underpaid royalties on oil and natural gas produced from federal lands.
-
PremiumSEC-approved spot bitcoin ETFs come with unique compliance risks
The Securities and Exchange Commission’s approval of spot bitcoin exchange-traded funds will provide investors with the same access to bitcoin, bought for cash on the spot market, as they currently have to other investments—for better or worse.
-
News BriefNYDFS: Banks must vet execs, including CCOs, ‘not just upon hiring’
The New York State Department of Financial Services released final guidance on how banks and non-depository financial institutions should vet executives, including chief compliance officers, before and during their employment.
-
PremiumStiffer U.K. audit penalties posing more problems?
Legal experts are unconvinced record fines against audit firms imposed last year by the U.K. Financial Reporting Council will necessarily improve audit quality.
-
News BriefFRC ups board responsibilities in corporate governance code revisions
The Financial Reporting Council held back on the latest round of updates to the U.K.’s corporate governance code, as the country remains wary of pushing away businesses and investors.
-
ResourceWhite paper: Quantify Third-Party Financial Risk to Efficiently Address Threats
Financial risk is one of the third-party risk management (TPRM) domains most likely to directly harm your organization.
-
News BriefADM puts CFO on leave pending accounting probe
Food processing company ADM announced Chief Financial Officer Vikram Luthar was placed on administrative leave pending an investigation into accounting practices and procedures flagged by the Securities and Exchange Commission.
-
News BriefAmazon unit fined $35M under GDPR for employee productivity tracking
Amazon’s warehouse management arm in France was assessed a penalty of €32 million (U.S. $35 million) for violating the General Data Protection Regulation by excessively tracking the productivity of employees.
-
PremiumFCA sets out data ambitions, challenges firms to keep pace
Experts expect improvements in the U.K. Financial Conduct Authority’s use of data and reporting means a heightened obligation for timely compliance by companies subject to its remit.
-
Blog
Tris Pharma appoints chief compliance officer
Tris Pharma announced the appointment of Franchesca Fowler as chief compliance officer and vice president, general counsel.
-
Blog
PRA Group to add CCO from TransUnion
PRA Group, an acquirer and collector of nonperforming loans, announced the appointment of Keith Warren as chief risk and compliance officer.
-
Blog
Leidos appoints general counsel
Science and technology company Leidos announced the appointment of Dan Antal as general counsel.
-
Blog
Ofi announces sustainability chief
Ofi, a Singapore-based food and beverage ingredients supplier, announced Roel van Poppel as its chief sustainability officer.
-
Blog
R&T Deposit Solutions names chief risk officer
R&T Deposit Solutions, a provider of services to financial institutions, announced it appointed Jason Mull as executive vice president, chief risk officer and chief information security officer.
-
Blog
Alta Equipment Group announces legal chief, general counsel
Construction equipment supplier Alta Equipment Group appointed Jeff Hoover as chief legal officer and general counsel.
-
Blog
Grove Collaborative adds general counsel
Sustainable consumer products company Grove Collaborative Holdings announced the appointment of Scott Giesler as general counsel.
-
News BriefFINRA report highlights crypto communication violations
The Financial Industry Regulatory Authority announced it uncovered potential violations of its disclosure rules in 70 percent of crypto asset communications reviewed during a targeted exam.
-
PremiumNew DOJ cyber section wants more private sector partnership
Cooperation between businesses and the new cybersecurity section at the Department of Justice has led to the successful defanging of numerous, major ransomware operations worldwide in just the few months since its creation, according to its chief.
-
Blog
Ardent Mills adds general counsel, chief compliance officer
Flour supplier Ardent Mills announced Kate Kimball as general counsel, corporate secretary, and chief compliance officer.