All Compliance Week articles in Web Issue – Page 28
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News BriefFCA fines TSB $14.2M for poor treatment of financially strapped retail customers
TSB Bank has been fined 10.9 million pounds (U.S. $14.2 million) for treating retail customers poorly while they were in arrears on mortgages, credit cards, loans, and overdraft accounts, the Financial Conduct Authority said.
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News BriefPoor internal controls led to FCPA violations in Moog’s $1.7M settlement with SEC
A company culture geared to “win business at any cost” encouraged employees of New York-based aerospace manufacturer Moog to pay bribes in India to win contracts, the Securities and Exchange Commission alleged.
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PremiumWhat’s your risk appetite? EU firms grapple with ‘ridiculously complex’ ESG reporting rules
Discussions on the increasingly complex ESG rules in the EU were the crux of some conversations at Compliance Week Europe, a two-day conference in Amsterdam Oct. 15-16. The event brought together Compliance Week and its sister organization, the International Compliance Association, and more than 200 GRC professionals across industries.
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Blog
RPM gets new GC, compliance chief
RPM International, which owns subsidiaries that are providers of specialty coatings, sealants, building materials and related services, announced that Tracy Crandall has been elected vice president, general counsel and chief compliance officer.
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Blog
MultiPlan announces GC
MultiPlan Corporation, a provider of data-driven cost management solutions that deliver transparency and promote fairness, quality and affordability to the US healthcare industry, announced that Tara O’ Neil has been promoted to general counsel.
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News BriefTeva Pharma to pay $450M to settle kickback, price-fixing allegations
Generic drug giant Teva Pharmaceuticals has agreed to pay $450 million to settle two cases brought by the Department of Justice (DOJ), including one alleging that co-pays it made on behalf of Medicare patients constituted illegal kickbacks, and a second action for alleged generic drug price fixing.
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PremiumControl and delete: How regulators can shutdown companies’ AI investments
Companies are increasingly putting their faith in AI to realize the kind of business benefits that the technology seems to promise, but they are also opening themselves up to new and potentially crippling sanctions if they are unable to answer questions that surround how AI operates.
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News BriefSEC penalizes Rimar CEO, holding company board member $524K total for ‘AI washing’
The Securities and Exchange Commission ordered the owner of Rimar Capital and a board member of its holding company to pay nearly $524,000 in penalties for defrauding investors with false and misleading statements about its use of artificial intelligence.
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PremiumTD Bank fined nearly $3.1B by U.S. regulators for AML compliance failures
TD Bank will pay nearly $3.1 billion in penalties to four U.S. regulators to settle charges that it “chose profits over compliance” when it allowed three money laundering networks to filter more than $670 million in dirty money through the company.
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WebcastCPE Webcast: Trust and Technology: Cyber compliance in finance
In today’s rapidly evolving digital landscape, the stakes are high–protecting customer data, ensuring operational resilience, and maintaining trust are critical considerations for regulated industries.
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Blog
Harmony appoints chief sustainability officer
Harmony Gold Mining Company announced the appointment of Dr Urishanie Govender as its new chief sustainability officer.
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Blog
Thesis* appoints general counsel
Thesis*, a venture studio funding and building brands on Bitcoin, announced the appointment of Katherine Snow as its new general counsel.
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Blog
Illumina names acting GC
Illumina, a DNA sequencing and array-based technologies firm, announced that Scott Davies has been named acting general counsel and secretary as Charles Dadswell will step down.
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EventPhoto gallery: Compliance Week AI & Compliance Summit
Compliance Week’s AI & Compliance Summit, held Oct. 8-9 at Boston University, gathered business leaders, academics, and government officials to discuss some of the biggest questions around AI, including business adoption standards, ethical guardrails, and its application in decision making. Check out some of the sights from the summit.
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PremiumAI & Compliance Summit notebook: ‘Think big. Start small. Scale fast.’
When starting artificial intelligence efforts for companies large or small, one approach compliance practitioners said they’ve found works best is to start with a specific use case.
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Blog
Cando Rail & Terminals names first legal chief
Cando Rail & Terminals announced the appointment of Eric Buettner as the company’s first chief legal officer.
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Blog
Silver Elephant appoints legal chief
Silver Elephant Mining Corp announced the appointment of Alex Bayer as its chief legal officer.
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Blog
Teck announces legal, sustainability chief
Teck Resources Limited announced the appointment of Lyndon Arnall as executive vice president and chief legal and sustainability officer, effective Nov. 1.
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Blog
Albemarle announces GC, compliance chief
Albemarle Corporation, which transforms essential resources into critical ingredients for mobility, energy, connectivity and health, announced that Stacy Grant will become general counsel, corporate secretary and chief compliance officer.
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News BriefEV maker Fisker under investigation by SEC amid bankruptcy, ICFR weaknesses
Electric vehicle maker Fisker is under investigation by the Securities and Exchange Commission over potential violations of federal securities laws related to the preservation of records and documents involving its Chapter 11 bankruptcy filing.