All Compliance Week articles in Web Issue – Page 30
-
Blog
Princeton University’s first compliance chief to step down
Princeton University’s first chief audit and compliance officer Nilufer Shroff will step down at the end of this academic year.
-
Blog
Oculis announces chief legal officer
Biopharmaceutical company Oculis Holding AG announced the appointment of Daniel Char to the role of chief legal officer.
-
Blog
Altruist names compliance, ethics, risk chief
Altruist, the modern custodian for independent registered investment advisors, announced the appointment of LaSalle Vaughn as its new chief compliance, ethics, and risk officer.
-
PremiumNew U.K. enforcement body piles pressure on sanctions evaders
Global sanctions rules are increasing rapidly, as are tools to detect and punish those who break them. In response, the U.K. government is creating a new Office of Trade Sanctions Implementation to investigate and penalize those who break sanctions rules.
-
WebcastWebcast: Compliance Training 2.0: The power of legal-HR collaboration
This webinar explores the critical importance of cross-functional collaboration in developing and implementing effective compliance training programs within organizations.
-
News BriefSEC enforcement head Grewal to step down
Gurbir Grewal, director of the Securities and Exchange Commission’s Division of Enforcement, will step down from his post Oct. 11. Grewal, who had served as the division’s director since 2021, will be replaced by Sanjay Wadhwa, currently the division’s deputy director, the SEC said.
-
News BriefT-Mobile reaches $31.5M settlement with FCC over multiple data breaches
T-Mobile, which experienced three huge data breaches in the past three years, agreed to pay $31.5 million in penalties and remediation for failing to protect millions of its customers’ personal information as part of a settlement with the Federal Communications Commission.
-
News BriefStarling Bank fined $38.5M for repeatedly onboarding high-risk customers
The U.K.’s Financial Conduct Authority fined Starling Bank, Britain’s first digital bank, nearly 29 million pounds (U.S. $38.5 million) for repeated failures related to onboarding high-risk customers.
-
PremiumAre the qui tam provisions of the False Claims Act constitutional? A Florida judge just said no
A federal court in Florida has lashed out at federal whistleblower programs by dismissing a mundane False Claims Act case against a medical practice on the grounds that the qui tam provisions of the FCA are unconstitutional.
-
News BriefTD Bank unit to pay $28M in penalties for failing to properly supervise rogue trader
Broker-dealer TD Securities failed to prevent a trader from placing and then withdrawing thousands of false trades over the course of a year in part because its compliance department failed to follow up on red flags generated by the illegal trades, three regulators said.
-
News BriefFINRA fines Merrill Lynch, BofA Securities $2.3M for reporting, registration failures
The Financial Industry Regulatory Authority issued two separate fines against Merrill Lynch and BofA Securities totaling nearly $2.3 million for reporting violations and failing to timely file amendments on registration forms for their registered representatives.
-
WebcastCPE Webcast: IT controls: Navigating the path to a secure digital future
A comprehensive IT controls program is crucial to safeguard your organization’s assets, ensure data integrity, and maintain regulatory compliance.
-
Blog
TFSB names TMNA diversity chief as CEO
Toyota Financial Savings Bank (TFSB) named Tellis Bethel, Toyota Motor North America (TMNA) group vice president, chief social innovation officer, and chief diversity officer, as its president and CEO.
-
Blog
Nauticus Robotics announces GC
Nauticus Robotics announced that John Symington was appointed as general counsel.
-
Blog
Leviton’s sustainability chief to also serve as COO
Leviton, which offers a wide range of lighting controls, wiring devices and networking, announced the appointment of its chief sustainability officer Ross Goldman as a chief operating officer.
-
News BriefIrish DPC fines Meta $102M over GDPR violation linked to improper storage of passwords
The Irish Data Protection Commission fined Meta Ireland 91 million euros (U.S. $102 million) for multiple violations of the European Union’s General Data Protection Regulation related to the inadvertent storage of user passwords without encryption.
-
News BriefCassava Sciences settles with SEC for $40M over skewed Alzheimer’s drug data
A former Alzheimer’s researcher manipulated the results of a Cassava Sciences drug, with the pharmaceutical company and its former chief executive reaching a $40 million settlement with the Securities and Exchange Commission over allegedly misleading the public.
-
PremiumAI misuse could lead to sanctions from multiple regulators, experts warn
The proliferation of AI, as well as the promised business cases promoting its use, has led companies around the world to quickly invest in the technology. Executives hope these AI tools will improve efficiencies, reduce costs, and help them stay competitive. But it could lead to just the opposite.
-
News BriefFinCEN, OFAC sanction crypto platforms linked to Russia, cybercrime
U.S. and European law enforcement agencies have announced sanctions against two Russia-linked cryptocurrency platforms in their ongoing chase to snuff out Russian-linked financial platforms that assist cybercriminals.
-
Blog
GeoLinks appoints general counsel
GeoLinks, an enterprise-level telecommunications company, announced that Mark Funaki has joined the company as general counsel and corporate secretary.