All Compliance Week articles in Web Issue – Page 38
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News BriefNasdaq unit reaches $22M settlement with CFTC over supervision failures
The Commodity Futures Trading Commission fined a Nasdaq subsidiary $22 million over allegedly misleading the public, regulators, and its own compliance staff about the details of a trader incentive program.
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Bitget welcomes new legal chief
Cryptocurrency exchange and Web3 company Bitget announced the appointment of Hon Ng as its chief legal officer.
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NN Group names new CRO
International financial services company NN Group announced that Wilbert Ouburg will be appointed chief risk officer and member of the management board, effective Oct. 1.
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N26 promotes risk head to chief regulatory officer
Digital bank N26 announced that Chief Risk Officer Carina Kozole has been named as its chief regulatory officer.
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Equity Trustees names risk chief
Equity Trustees announced the appointment of Nevein Versace as chief risk officer, effective Sep. 23.
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Helvetia Insurance appoints group risk chief
Helvetia Insurance announced the appointment of Bernhard Kaufmann as group chief risk officer, effective Nov. 1.
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Clarivate names chief administrative, legal officer
Clarivate appointed Melanie Margolin to the expanded role of chief administrative and legal officer.
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Vanguard announces general counsel
Investment management firm Vanguard announced that Tonya Robinson will join as general counsel and managing director of its legal division, effective Oct. 1.
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Pyxus International appoints new CCO
Agricultural company Pyxus International announced the appointment of David Singer as senior vice president, chief legal officer, and secretary.
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Simplex Trading appoints GC
Simplex Trading announced the appointment of Nancy Laethem Stern as managing director, general counsel.
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Kinderhook Industries hires GC, compliance chief
Private investment firm Kinderhook Industries announced that Michael Iuliano has joined the firm as general counsel and chief compliance officer.
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News BriefPham cries CFTC overreach against compliance officer in $48M fine of TOTSA
The Commodities Futures Trading Commission fined TOTSA TotalEnergies Trading $48 million for allegedly engaging in price manipulation, with Commissioner Carolyn Pham defending a compliance officer at the Swiss energy company accused of making false statements.
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Nashville General Hospital welcomes new CCO
Nashville General Hospital welcomed Kristi Faulkner Lewis as its new chief compliance officer.
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News BriefCFTC orders BNY to pay $5M over reporting failures
BNY, formerly BNY Mellon, will pay a $5 million fine to the Commodity Futures Trading Commission for “significant reporting failures” related to its swap dealer business.
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News BriefNordea Bank to pay $35M to resolve NYDFS probe into AML shortcomings
Finland-based Nordea Bank will pay $35 million to resolve an investigation by the New York Department of Financial Services into “significant compliance failures” in its anti-money laundering and Bank Secrecy Act program.
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PremiumReport: U.K. sanctions enforcement against Russia lacking since invasion of Ukraine
Sanctions imposed against Russia following the 2022 invasion of Ukraine are being undermined by the U.K.’s poor track record of enforcement, according to a report by campaign group Spotlight on Corruption.
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News BriefAustal reaches $49M deal with DOJ, SEC over accounting, securities fraud, false claims
The U.S.-based subsidiary of Australian defense contractor Austal will pay $48.8 million in fines and restitution to settle allegations that it committed accounting and securities fraud, misled federal auditors, and violated the False Claims Act.
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News BriefDOJ orders LA to pay $38M over filing false claims for HUD grants
Los Angeles will pay more than $38 million to resolve allegations, first brought by two whistleblower, that for a decade the city knowingly shut people with disabilities out of affordable housing created through federal funds, the Department of Justice (DOJ) said.
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News BriefSEC fines Sound Point Capital $1.8M over policy failures
Investment adviser Sound Point Capital Management will pay a $1.8 million fine to the Securities and Exchange Commission for failing to have written compliance procedures on handling material nonpublic information.
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News BriefDutch DPA fines Uber $324M over transferring driver data to U.S.
The Dutch Data Protection Authority fined Uber 290 million euros (U.S. $323.7 million) for illegally transferring data on European drivers to American servers and failing to appropriately safeguard the transfers.