All Compliance Week articles in Web Issue – Page 43
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Blog
SouthState Corporation adds Publix GC, compliance chief to board
SouthState Corporation announced that Merriann Metz, general counsel, chief compliance officer, and corporate secretary for Publix Super Markets, was appointed to the board of directors of both the company and its bank subsidiary, SouthState Bank, N.A.
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Blog
Criteo expands legal chief’s role
Commerce media company Criteo announced that Ryan Damon, formerly chief legal and corporate affairs officer, will assume the expanded role of chief legal and transformation officer.
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M&G appoints risk, compliance chief
International savings and investments business M&G announced the appointment of Shawn Gamble as chief risk and compliance officer.
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ACM Research names GC
ACM Research, a supplier of wafer processing solutions for semiconductor and advanced wafer-level packaging applications, announced the appointment of Howard Chen as general counsel and vice president of corporate strategy.
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News BriefAvantor agrees to pay $5.3M to settle false claims, chemicals reporting violations
Laboratory supply company Avantor agreed to pay $5.3 million to settle allegations, first brought by a whistleblower, that it overcharged four federal agencies and failed to comply with chemical regulations, the Department of Justice said.
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PremiumGame-changing DOJ pilot whistleblower program panned by critics
The Department of Justice released the details of its long-awaited corporate whistleblower awards pilot program that will prioritize reporting in areas of corporate crime not currently covered by existing whistleblower programs.
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PremiumAI can help reel in ‘unsustainable’ breach costs, IBM report finds
The global average cost of a data breach jumped to an all-time high for the second year in a row, but companies can reel in the ballooning drag on profits by adopting artificial intelligence, according to an IBM report.
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News BriefInterpol to launch AML pilot program in Africa by 2025
The International Police Organization will launch a pilot anti-money laundering initiative in Africa that will trace and recover funds stolen by corrupt officials and criminals.
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PremiumSFO staffing shortages improve under new leadership
Staffing shortages that have plagued the U.K. Serious Fraud Office are trending in the right direction since its new director took charge, with the anti-bribery agency forging ahead with initiatives to ensure its future sustainability.
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News BriefMeta reaches $1.4B settlement over Texas biometric data privacy lawsuit
Meta agreed to pay $1.4 billion to the state of Texas to settle allegations regarding the unauthorized capture and use of personal biometric data of state residents.
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News BriefCFPB lawsuit: Rent-a-Center affiliate used dark patterns to trick customers
A nationwide rental outlet affiliated with Rent-a-Center and its chief executive have been sued by the Consumer Financial Protection Bureau for allegedly deceiving five million consumers about the terms of credit agreements.
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News BriefOFAC sanctions entities providing electronic components for Iranian weapons
Five individuals and seven entities in Iran, China, and Hong Kong have been targeted for U.S. sanctions by the Treasury Department’s Office of Foreign Assets Control for helping to obtain components used in Iran’s missles and drones.
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News BriefFCC fines Charter Communications $15M over failing to report 911 outages
Charter Communications agreed to pay $15 million and put in place a “robust” compliance plan, including cybersecurity upgrades, to settle allegations it didn’t comply with emergency 911 and network outage notification rules, the Federal Communications Commission announced.
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News BriefFCA wants input on how Consumer Duty overlaps with existing rules
The U.K. Financial Conduct Authority is asking for input on which of its existing rules for financial services overlap with the year-old consumer duty rule, with an eye toward streamlining and simplifying both rule packages.
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ArticleFormer U.K. Gambling Commission investigator on AML/CFT regulations
Recent events have put a spotlight on the role of the U.K. Gambling Commission, following its investigation into privileged information allegedly being used to bet on the date of the U.K. general election.
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News BriefWestern International Securities to pay $1.5M over repeated supervision failures
The Financial Industry Regulatory Authority ordered Western International Securities to pay $1.5 million for failing to implement a supervisory system to detect and respond to excessive trading, the firm’s fifth consent order with the regulator since 2019.
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Blog
NCHC announces compliance officer, risk manager
North Central Health Care announced the appointment of Thomas Onan as compliance officer and risk manager.
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Stax Payments appoints risk chief
Stax Payments appointed Valentin Neiconi as chief risk officer.
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Blog
Lam Research names legal chief
Lam Research, a global supplier of innovative wafer fabrication equipment and services to the semiconductor industry, announced that Ava Harter has joined its executive leadership team as senior vice president and chief legal officer.
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Blog
AGBO announces chief legal officer
Media company AGBO announced that Lesley Freeman will join the company as chief legal officer.