All Compliance Week articles in Web Issue – Page 145
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Blog
Precision Medicine appoints general counsel, CCO
Precision Medicine Group announced the appointment of Stacey Hanna as general counsel and chief compliance officer.
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Blog
Jackson Financial promotes insurance assets head to chief risk officer
Jackson Financial announced the promotion of its senior managing director and head of insurance assets at subsidiary PPM America, Christopher Raub, to chief risk officer.
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News BriefIRB Brasil to pay shareholders $5M over CFO’s claims
Brazilian reinsurance company IRB Brasil RE agreed to pay $5 million to harmed investors after its former chief financial officer allegedly lied about Berkshire Hathaway investing in the company.
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News BriefBritish American Tobacco to pay $635M in North Korea sanctions case
British American Tobacco will pay more than $635 million to settle allegations the company violated U.S. sanctions against North Korea using a complex, yearslong scheme to import tobacco products into the country.
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News BriefTreasury teases revising AML/CFT regulations to address ‘de-risking’
The Treasury Department might propose new regulations for financial institutions aimed at discouraging banks from shutting out large swaths of potential banking customers because of risk concerns.
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News BriefL3 Technologies to pay $21.8M over false claims to DOD
Utah-based military equipment manufacturer L3 Technologies agreed to pay $21.8 million to settle false claim charges levied by the Department of Justice regarding double-billing the Department of Defense for certain parts.
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ArticleProcrastination and the art of putting things off
We’ve all been in a situation where we have put something off and regretted it. That’s always painful, so let’s get on with things positively. Starting now.
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Blog
VEON advances internal audit head succession
Dutch telecom VEON announced the promotion of Group Director of Internal Audit Jagan Mohan to group head of internal audit. The move coincides with the previously announced transition of Joop Brakenhoff, group chief internal audit and ethics and compliance officer, to chief financial officer.
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Blog
Deutsche Bank appoints general counsel
Deutsche Bank announced the appointment of Friederike Rotsch as general counsel.
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Blog
TBWA\Worldwide expands chief diversity officer’s remit
Advertising agency TBWA\Worldwide announced the promotion of North American Chief Diversity Officer Aliah Berman to global chief diversity officer.
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News BriefFSOC votes for Fed to supervise nonbank financial institutions
Federal regulators proposed to place nonbank financial institutions under supervision of the Federal Reserve Board if their activities are deemed to pose a systemic risk to the U.S. financial system.
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News BriefUBS delays chief risk officer transition amid Credit Suisse merger
UBS announced Christian Bluhm will remain in his role as group chief risk officer “for the foreseeable future” as the Swiss bank grapples with integrating Credit Suisse into its business.
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Premium‘Divergence is coming’: Experts cast doubt on EU adopting U.K. GDPR reforms
Despite suggestions the European Union could look to the United Kingdom when considering future changes to the General Data Protection Regulation, legal experts question the impact planned U.K. reforms to the privacy law will have on multinational businesses.
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Resourcee-Book: Best practices for navigating global supply chain laws
Despite legislation aimed at preventing labor and other human rights abuses in supply chains taking force in major countries including the United Kingdom, United States, Germany, and France, many companies are struggling to comply.
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News Brief
SEC bulletin tackles Reg BI care obligation FAQs
Staff at the Securities and Exchange Commission issued a bulletin addressing standards of conduct for broker-dealers and investment advisers in addressing their care obligations under Regulation Best Interest and the Investment Advisers Act.
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Blog
Sendero Wealth Management names general counsel, CCO
Sendero Wealth Management announced the appointment of Julie Gerron as general counsel and chief compliance officer.
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News BriefDOJ: Disbarred attorney serving as bank CCO charged for fraud role
The Department of Justice announced charges against the “purported” chief compliance officer at Dominion Bank and Trust Company Limited for allegedly taking part in a $4 million fraud scheme.
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News BriefBarclays recruits chief compliance officer from HSBC
Barclays announced the appointment of Kirsty Everett as chief compliance officer and a member of its group executive committee, effective July 1.
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News Brief
Business orgs fined $84K by DOJ over sanctioned Iran dealings
Taiwan-based DES International Co. and Brunei-based Soltech Industry Co. each agreed to pay fines of $83,769 after pleading guilty to Department of Justice charges of conspiring to violate U.S. export laws and sanctions by sending U.S.-origin goods to Iran.
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News BriefSeagate fined record $300M over export business with Huawei
Seagate will pay the largest stand-alone administrative penalty in the history of the Commerce Department’s Bureau of Industry and Security for violating export control restrictions against Chinese telecommunications giant Huawei.