All Compliance Week articles in Web Issue – Page 45
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News BriefFCA fines Coinbase subsidiary $4.5M over providing service to high-risk customers
The U.K. Financial Conduct Authority issued a fine of $4.5 million (3.5 million pounds) against a U.K.-based subsidiary of crypto platform Coinbase for providing services to high-risk customers in violation of FCA rules.
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Blog
Ontario Tech appoints new GC
Ontario Tech University announced the appointment of Jennifer MacInnis as its general counsel, effective Aug. 15.
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News BriefDOJ orders Admera Health to pay $5.5M to settle kickback allegations
Admera Health agreed to pay more than $5.5 million to resolve allegations first brought by two whistleblowers that it paid kickbacks to third-party contractors, the Department of Justice said.
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PremiumWhat’s on tap for CPPA from its deputy director of enforcement
Michael Macko, deputy director of enforcement at the California Privacy Protection Agency, described priorities for the agency now and in the near future during a recent board meeting.
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PremiumCompensation survey finds average annual CCO pay jumped above $400K
A new compensation survey found base pay for chief compliance officers has risen 36 percent since 2021 to an average of more than $403,000.
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News BriefCFPB warns against censoring whistleblowers via broad NDAs
The Consumer Financial Protection Bureau is warning companies against intimidating potential whistleblowers by forcing them to sign broad nondisclosure agreements to deter misconduct from coming to light.
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WebcastCPE Webcast: Proactive AI compliance: 4 essential steps to minimize exposure
As artificial intelligence (AI) continues to advance rapidly and organizations expand their usage to optimize efficiency and productivity, implementing internal AI policies to ensure regulatory compliance and minimize exposure remains a hot topic.
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PremiumRisk visibility striking fear in companies onboarding new customers
A lack of risk visibility is causing companies to reject customers–and potentially lose money–over fears they might be in danger of violating rules around anti-money laundering and sanctions regulations.
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Resourcee-Book: Anticipating regulatory scrutiny of AI
Regulators across the globe are chomping at the bit to supervise how businesses use artificial intelligence, prompting experts to encourage compliance to get involved in the decision-making process regarding the technology.
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News BriefDOJ orders Prysmian unit to pay $920K over alleged fabricated tests to military
Prysmian Cables and Systems USA agreed to pay $920,000 to settle allegations it falsified tests and compliance certifications concerning cable it sold to the U.S. military for use in vehicles, the Department of Justice said.
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News BriefOFAC sets Aug. 2 deadline for firms to report Russian sovereign assets
Financial institutions holding Russian sovereign assets that have not reported them to the Treasury Department’s Office of Foreign Assets Control are now required to do so by Aug. 2.
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News BriefFTC wants answers from Mastercard, JPMorgan, others on use of AI to collect data
Eight large companies, including Mastercard and JPMorgan Chase, have been ordered by the Federal Trade Commission to provide detailed reports about their possibly secret use of artificial intelligence to track customers and use the information to set prices.
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News BriefFINRA appoints senior vice presidents of enforcement
The Financial Industry Regulatory Authority announced the appointments of Tina Gubb, effective Monday, and Julie Glynn, effective Sept. 1, as senior vice presidents of enforcement.
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Blog
Seminole Hard Rock promotes diversity chief
Seminole Hard Rock Support Services announced the promotion of Chief Diversity and Inclusion Officer Stephanie Piimauna to senior vice president of people and inclusion.
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Blog
Kering Americas promotes GC to president
Luxury group Kering Americas announced the promotion of General Counsel Ewa Abrams to president, effective Aug. 1.
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Blog
HanAll Biopharma appoints legal chief
HanAll Biopharma announced the appointment of Christopher Slavinsky as chief business development and legal officer.
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Blog
VersaBank appoints chief risk officer
VersaBank announced the appointment of Tim Bloom as chief risk officer.
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Blog
Peak Re announces chief risk officer
Peak Reinsurance Company announced the appointment of David Menezes as chief risk officer.
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Blog
Gulfstream names chief sustainability officer
Gulfstream Aerospace has appointed Smitha Hariharan as vice president and chief sustainability officer.
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Blog
Commercis announces general counsel
Commercis announced the appointment of Thomas Dolan as the company’s new general counsel.