All Compliance Week articles in Web Issue – Page 244
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ArticleTPRM 2021: What to do before, during, and after a ransomware attack
Two risk and compliance practitioners opened their cyber-playbooks at CW’s TPRM virtual event, explaining how to identify and address vulnerabilities, establish transparency with vendors, and strengthen an organization’s incident management program.
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Resourcee-Book: Automate your accounting process: Wring out financial fraud
A recent CW Webcast, sponsored by BlackLine and recapped here, discusses how automation can create a more efficient and effective approach to your accounting process.
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ArticleFinCEN eyes no-action letters as aid for FinTech rollouts
The Financial Crimes Enforcement Network will launch rulemaking for a no-action letter process that would give financial institutions another way to enter dialogue with the regulator about innovative and newly emerging technologies.
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ArticleTakeaways from NYDFS ransomware guidance
The New York State Department of Financial Services has issued guidance for regulated entities describing best practices for reducing the risk of a ransomware attack.
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ArticleCharles Schwab sets aside $200M in SEC robo-advisory probe
Charles Schwab disclosed in a regulatory filing it expects to pay $200 million to resolve a Securities and Exchange Commission investigation concerning its robo-advisory business.
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ArticleAudit report: Assessing risk landscape for IPOs
An initial public offering presents significant opportunities for market participants that are accompanied by equally notable governance risks, new research from Audit Analytics explores.
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ArticleCredit Suisse entities to pay $1.5M for swap data reporting failures
The Commodity Futures Trading Commission reached a $1.5 million settlement with three entities of Credit Suisse for swap data reporting failures caused by a technical error.
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ArticleCompliance implications of Robinhood’s record $70M FINRA fine
The Financial Industry Regulatory Authority ordered Robinhood Financial to pay a record-breaking $70 million in penalties, the result of “systemic supervisory failures in several critical parts of its business.” The firm must retain a compliance consultant, among other enhancements.
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Article
Medtronic adds accounting chief; general counsel to retire
Medical device company Medtronic announced General Counsel Bradley Lerman will retire at the end of the year. The company also named Jennifer Kirk to the new role of principal accounting officer, global controller and chief accounting officer.
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ArticleCharles Duross: Tips for managing third-party FCPA risks
Charles Duross, former deputy chief of the DOJ’s Fraud Section, shared tips on how companies can best manage third parties and employees who willfully try to circumvent internal controls during his keynote speech at CW’s virtual TPRM conference.
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ArticleFinCEN puts financial institutions on notice with first AML/CFT priorities
The Financial Crimes Enforcement Network tipped its hand at changes ahead for the Bank Secrecy Act in announcing the first government-wide list of priorities for anti-money laundering and countering the financing of terrorism.
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ArticleJPMorgan subsidiary to pay $2.75M for operating as unregistered broker-dealer
Neovest, a subsidiary of JPMorgan Chase, agreed to pay $2.75 million as part of a settlement with the Securities and Exchange Commission for operating as an unregistered broker-dealer.
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Article
loanDepot names chief risk officer
Consumer lending and real estate services provider loanDepot announced the appointment of Karin Lockovitch as executive vice president and chief risk officer.
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SK Capital appoints general counsel, chief compliance officer
Private investment firm SK Capital Partners has hired Jennifer Cattier as general counsel and chief compliance officer.
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Cisco adds chief legal officer from Microsoft
Technology company Cisco announced the hiring of Dev Stahlkopf as its new executive vice president and chief legal officer. Stahlkopf joins from Microsoft, where she served as general counsel and corporate vice president.
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ArticleSEC tabs New Jersey AG Gurbir Grewal as enforcement head
The SEC announced the appointment of New Jersey Attorney General Gurbir Grewal as director of its Enforcement Division. He is the second individual to be named to the position in three months after the first pick resigned.
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ArticlePandemic effect on TPRM practices here to stay, expert warns
With many businesses still sorting through the new layers of risk that have emerged over the last 16 months, Linda Tuck Chapman of the Third Party Risk Institute shared her top areas of focus and more at CW’s virtual TPRM event.
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Resourcee-Book: The current state of global privacy regulation
Will states be able to move forward with their own privacy laws? A provision in a recent bill passed in Florida may be a stumbling block.
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ArticleWant to wring out fraud? Automate your accounting processes
What allows bad actors to perpetuate accounting fraud? In many cases, it’s bad processes and controls. Consider introducing automation to help your company more successfully detect and prevent bad actors.
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Software demoSoftware demos: Third-party risk management (TPRM)
In the market for a software solution to help manage your third-party risk? Check out our collection of video demos from nearly a dozen of the top vendors in the space.