All Compliance Week articles in Web Issue – Page 16
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News Brief
Westpac ordered to pay $1.2M in insider trading case
Westpac Banking Corp. was assessed a maximum fine of AUS$1.8 million (U.S. $1.2 million) to address charges levied by the Australian Securities and Investments Commission of insider trading related to an interest rate swap transaction.
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News Brief
Clorox discloses $49M hit from cyberattack
Cleaning products company Clorox disclosed the major cybersecurity incident that led to a shutdown of its automated order processing late last year has cost it about $49 million.
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News Brief
Paytm denies money laundering claims amid regulatory scrutiny
The Reserve Bank of India ordered a halt to many banking activities of digital payments provider Paytm while the regulator investigates “persistent noncompliances and continued material supervisory concerns.”
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News Brief
Uber facing $11M fine over driver privacy rights violations
Ride-hailing company Uber Technologies was assessed a penalty of €10 million (U.S. $11 million) by the Dutch Data Protection Authority for alleged privacy rights violations regarding the handling of European drivers’ personal data.
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Blog
Acadia Pharmaceuticals announces chief legal officer
Acadia Pharmaceuticals announced Jennifer Rhodes is joining the company as executive vice president, chief legal officer and secretary.
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Blog
Vitro Biopharma adds Crown Resorts legal, compliance chief to board
Biotechnology company Vitro Biopharma announced the appointment of Anthony Pearl, the chief legal and compliance officer of Australian gaming and entertainment group Crown Resorts, as an independent director to its board.
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Blog
Royal Bank of Canada names ex-Wells Fargo risk chief to board
Royal Bank of Canada announced Amanda Norton, former Wells Fargo executive vice president and chief risk officer, was appointed to its board of directors.
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Blog
Ware & Kay Solicitors appoints risk, compliance officer
Law firm Ware & Kay Solicitors announced the appointment of James Withers as risk and compliance officer.
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Premium
Jury out on viability of AI in ESG reporting
Tech vendors believe ESG reporting is a ripe market for artificial intelligence to help companies sift through data and ensure compliance with both mandatory and voluntary reporting standards. Compliance officers appear less sure.
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Blog
iRobot promotes legal chief to interim CEO
iRobot Corp. announced Glen Weinstein, the technology company’s executive vice president and chief legal officer, was appointed interim chief executive officer. In a related move, Tonya Drake was promoted to executive vice president and general counsel.
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Blog
USTelecom elects Windstream CCO to board
Trade group United States Telecom Association announced the election of Kristi Moody, executive vice president, general counsel and chief compliance officer for communications company Windstream Holdings, to its board of directors.
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Blog
Imperative Care appoints chief legal officer
Medical technology company Imperative Care announced the appointment of Scott Elliott as chief legal officer.
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Blog
IFS announces chief sustainability officer
IFS, a global cloud enterprise software company, announced it appointed Sophie Graham as chief sustainability officer.
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Blog
Privia Health appoints general counsel, legal chief
Privia Health Group announced Edward Fargis was named executive vice president, general counsel and corporate secretary. He will also serve as the company’s chief legal officer.
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News Brief
Blackbaud avoids fine in FTC deal requiring data deletion
Software company Blackbaud will be required to delete unnecessary data and boost cybersecurity as part of a proposed settlement with the Federal Trade Commission stemming from a 2020 data breach.
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News Brief
FinCEN alert flags Israeli extremists fomenting violence in West Bank
The Financial Crimes Enforcement Network issued an alert addressing the financing of Israeli extremist settler violence against Palestinians in the West Bank.
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Premium
ACAMS survey: Budget cuts, criminal tech innovation top 2024 threats
Nearly 800 financial crime professionals said the biggest threats to the effectiveness of their anti-money laundering programs are budget cuts and their inability to keep pace with more aggressive and innovative uses of technology by criminals to commit fraud.
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Blog
Allurion Technologies appoints legal chief
Allurion Technologies, provider of a platform for weight loss, announced the appointment of Brendan Gibbons as its new chief legal officer and corporate secretary.
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Blog
Mercury Systems appoints chief legal officer
Aerospace technology company Mercury Systems announced the appointment of Stuart Kupinsky as executive vice president and chief legal officer.
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Blog
Mountain Commerce Bank adds risk chief to CCO’s title
Mountain Commerce Bank announced Amy Cantrell, who joined as senior vice president and chief compliance officer, will also serve as chief risk officer.