All Compliance Week articles in Web Issue – Page 20
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News Brief
FCA fines, bans ex-London Capital & Finance compliance head over promos
The U.K. Financial Conduct Authority issued a fine of £31,800 (U.S. $40,000) against a former compliance director at London Capital & Finance for allegedly approving misleading promotions that led to investor deception.
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Webcast
CPE Webcast: Beyond the hype: How to use AI in GRC
Learn more about how and when artificial intelligence tools can be used to increase value in your governance, risk, and compliance program.
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Premium
Experts: SCOTUS ruling shifts onus to employers in whistleblower cases
The Supreme Court’s unanimous decision to reaffirm whistleblower protections under the Sarbanes-Oxley Act in a case involving UBS has wide ramifications in many other industries beyond financial services, according to legal experts.
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News Brief
Insurance broker Gallagher off hook in DOJ FCPA probe
Arthur J. Gallagher disclosed the Department of Justice ended an investigation into the insurance broker’s business in Ecuador for potential violations of the Foreign Corrupt Practices Act.
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Blog
State Department Federal Credit Union welcomes risk chief
State Department Federal Credit Union announced the appointment of Nicole Bowen as its new chief risk officer.
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Blog
AB InBev announces chief sustainability officer
Alcoholic beverages company AB InBev appointed Ingrid De Ryck as its new chief sustainability officer.
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Blog
COSO chair named first executive director
The Committee of Sponsoring Organizations of the Treadway Commission announced its chair, Lucia Wind, will also serve as the organization’s first executive director.
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News Brief
SCOTUS reaffirms whistleblower protections in ruling against UBS
The Supreme Court reaffirmed whistleblower protections guaranteed under the Sarbanes-Oxley Act in a unanimous decision expected to set a precedent that impacts all corporate internal reporting cases.
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Premium
The blurred lines of employee monitoring under GDPR
The French data regulator’s fine against an Amazon warehouse manager for violating employees’ rights to privacy in the workplace once again raises questions about what constitutes an overzealous approach to employee monitoring and why companies fail to recognize the signs.
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Blog
Advarra names general counsel
Clinical research review services firm Advarra announced the hiring of Marco Capasso as general counsel and secretary of the board.
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Blog
Altria Group announces new general counsel
Tobacco products company Altria Group announced the appointment of Robert McCarter as executive vice president and general counsel.
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Blog
Covenant Clearinghouse hires general counsel
Covenant Clearinghouse, a servicer of real estate assessments, welcomed Jeff Johnson as in-house general counsel.
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Blog
EnGene Holdings announces legal chief
EnGene Holdings, a clinical-stage genetic medicines company, announced the appointment of Lee Giguere as chief legal officer and corporate secretary.
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Blog
Kimberly-Clark appoints general counsel
Kimberly-Clark Corp., manufacturer and marketer of personal care and household products, announced the appointment of Grant McGee as senior vice president and general counsel.
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News Brief
Latest SEC off-channel comms sweep nets $81M in fines against 16 firms
The ongoing off-channel communications sweep by the Securities and Exchange Commission netted 16 more broker-dealers and investment advisers, with the latest wave of fines totaling more than $81 million.
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Premium
Table: SEC, CFTC off-channel communications penalties
The Securities and Exchange Commission and Commodity Futures Trading Commission have combined to levy about $2.8 billion in penalties (so far) against firms and their affiliates in response to recordkeeping failures regarding employee use of off-channel communications for business purposes.
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News Brief
SEC, CFTC adopt rule for enhanced large hedge fund disclosures
Large hedge fund advisers will be required to disclose more information on their investment strategies, investment exposure, operations, and more as part of a rule change jointly adopted by the Securities and Exchange Commission and Commodity Futures Trading Commission.
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Premium
Anti-fraud groups praise FinCEN AML proposal for real estate transactions
The Financial Crimes Enforcement Network issued a notice of proposed rulemaking that would require the handlers of all-cash residential real estate transactions in all U.S. cities and counties to disclose the beneficial owners.
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News Brief
Raytheon parent discloses indications of improper payments in Middle East
RTX Corp., parent company of aerospace and defense giant Raytheon, disclosed an internal investigation launched into potential improper payments in connection with contracts in the Middle East found indications of misconduct.
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News Brief
Penn State Health to pay $11.7M over self-disclosed Medicare violations
Multihospital healthcare system Penn State Health agreed to pay more than $11.7 million to resolve self-disclosed violations of Medicare rules related to improper billing.