All Compliance Week articles in Web Issue – Page 49
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SponsoredWebinar - Why are companies ditching hotlines
In 2024, our workplaces require proactive Speak Up technologies. Join Vault on August 6 to learn how you can implement these in your organization.
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News BriefOCC, Fed fine Citi $136M for repeated risk management, data governance failures
Citigroup will pay $135.6 million in fines levied by two banking regulators for repeated failures to remediate deficiencies in risk management, data governance, and internal controls.
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News BriefRite Aid reaches $410M settlement with DOJ in opioid false claims case
Rite Aid agreed to pay $7.5 million and allow the Department of Justice to access nearly $402 million from the company’s forthcoming bankruptcy case to settle allegations it helped fuel the nation’s opioid epidemic.
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WebcastCPE Webcast: GRC readiness: Your roadmap to effective integrated risk management
Taking on challenges from the always changing regulatory environment to cyber risks and data security requires a proactive, integrated approach to governance, risk, and compliance (GRC) management.
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News BriefEx-Paxful co-founder pleads guilty to violating BSA/AML regulations
The co-founder and former chief technology officer of crypto peer-to-peer network Paxful faces charges related to violating the anti-money laundering requirements of the Bank Secrecy Act.
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PremiumDe-risking trend threatens global financial markets, Treasury official warns
As the United States and other Western countries turn the screws on criminals, hackers, terrorist organizations, and sanctions evaders attempting to access global financial markets, financial institutions could respond by reducing their connections to risky sectors, according to Treasury Under Secretary Brian Nelson.
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Blog
Deutsche Bank names compliance chief and anti-financial crime officer
Deutsche Bank’s supervisory board appointed Laura Padovani as chief compliance and anti-financial crime officer.
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Blog
AVITA Medical appoints legal, compliance chief
AVITA Medical announced the appointment of Nicole Linda Kelsey as chief legal and compliance officer and corporate secretary.
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Blog
Duke University appoints general counsel
Duke University announced the appointment of Kim Taylor as vice president and general counsel, effective Sep. 1.
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Blog
Allegion announces general counsel
Global security products and solutions provider Allegion appointed Stacy Cozad as senior vice president, general counsel, and corporate secretary, effective Aug. 5.
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Blog
Eastern Bank names Intercontinental Real Estate risk chief to board
Eastern Bankshares announced the appointment of Cambridge Bancorp’s Board of Director and Intercontinental Real Estate Corporation’s Chief Risk Officer Leon Palandjian to the Eastern and Eastern Bank boards of directors.
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Blog
Merlin adds general counsel
Digital music licensing partner Merlin welcomed Neil Miller as its new general counsel.
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Blog
PCRIC appoints chief risk officer
PCRIC appointed Richard Poulter as the company’s new chief risk officer.
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Blog
Avanos Medical names Alnylam legal chief to board
Avanos Medical announced that Indrani Franchini, who most recently served as executive vice president and chief legal officer at Alnylam Pharmaceuticals, has been appointed as a new independent member of the Avanos board of directors.
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Blog
Agilent announces chief legal officer
Agilent Technologies announced that Bret DiMarco has been named to lead the company’s global legal organization as senior vice president, chief legal officer, and secretary.
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Blog
Standard Chartered Bank (Hong Kong) appoints risk chief
Standard Chartered Bank (Hong Kong) Limited announced the appointment of Norbert Wong as chief risk officer.
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News BriefFCC orders Sorenson unit to pay $34.6M over illegal data retention
Sorenson Communications agreed to pay $34.6 million and implement a comprehensive compliance program to settle allegations levied by the Federal Communications Commission that its subsidiary illegally retained call content of users who relied on captions to make and receive calls.
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News BriefFTC proposes $5M penalty for NGL Labs, founders over COPPA violations
The Federal Trade Commission ordered anonymous messaging app creator NGL Labs and its two founders to pay $5 million for unfairly marketed to children and falsely claiming artificial intelligence filtered out bullying messages and threats.
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News BriefCFPB orders Fifth Third Bank to pay $20M over fake accounts, forced auto coverage
Ohio-based Fifth Third Bank will pay $20 million in penalties to the Consumer Financial Protection Bureau for allegedly opening fake bank accounts and wrongfully repossessing customers’ vehicles.
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PremiumNew U.K. codes strive to restore falling trust, integrity
Codes of ethics and conduct are becoming ubiquitous, yet instilling high standards of corporate integrity still seems an elusive goal. Why is corporate culture such a challenge?