All Compliance Week articles in Web Issue – Page 6
View all stories from this issue.
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ArticleGermany’s dual approach to data regulation under the GDPR
Germany is staying ahead of the game with an advanced crackdown on data privacy and competition law violations.
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Benefits of sustainability reporting: takeaways for accounting
A former FASB member and current board member at the Sustainability Accounting Standards Board offers tips to accountants facing a heightened investor interest in sustainability.
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Boeing discloses SEC probe; toxic culture raises flags
Embattled aerospace giant Boeing is being investigated by the Securities and Exchange Commission, in addition to already facing scrutiny from the Department of Justice, following two plane crashes that happened less than five months apart.
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Avast dissolves analytics arm following privacy scandal
Avast maintains it always acted “fully within legal bounds,” but the British cyber-security company terminated the provision of data to its analytics arm, Jumpshot, after being accused of putting users’ privacy at risk.
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Spirit AeroSystems CFO resigns amid accounting probe
The chief financial officer and principal accounting officer at aerospace giant Spirit AeroSystems have resigned amid an ongoing accounting probe triggered by a compliance review.
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Airbus resolves global bribery scandal for record $4B
Airbus has agreed to pay a total of $4 billion in penalties split between the United States, United Kingdom, and France—the world’s largest global resolution for bribery.
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Kohler to pay ‘precedent-setting’ $20M over emissions violations
Kohler must pay a $20 million civil penalty in a settlement reached Thursday with the Department of Justice, Environmental Protection Agency, and state of California over alleged violations of the Clean Air Act and California law.
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NBCUniversal fined $15.9M for EEA sales restrictions
NBCUniversal has been fined €14.3 million (U.S. $15.9 million) by the European Commission for restricting traders from selling licensed merchandise within the European Economic Area to territories and customers beyond those allocated to them, marking the latest case in a wider enforcement trend.
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CFPB stirs controversy with enforcement head hire
The Consumer Financial Protection Bureau has faced the ire of the House Financial Services Committee regarding its hiring of former DOJ employee Thomas Ward to lead its enforcement efforts.
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Compliance lessons from recent EEOC enforcement data
Recent enforcement and litigation statistics from the Equal Employment Opportunity Commission put the spotlight on where chief compliance officers should be focusing their efforts pertaining to workplace conduct issues.
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Ad industry requests delay on CCPA enforcement
Insufficient time to prepare was the argument invoked by five advertising trade bodies this week when requesting a further delay to the enforcement of the newly enacted California Consumer Privacy Act
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Europe’s high court strikes blow to drug companies in ‘pay-for-delay’ case
The U.K. Competition and Markets Authority won a victory in a decision by Europe’s high court, ruling GlaxosmithKline’s entering of a financial deal with industry rivals to delay the generic version of its drugs violates EU competition law.
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Facebook reveals $550M settlement for Illinois privacy lawsuit
Facebook has reached a $550 million settlement in principle in connection with a class-action lawsuit it faced in Illinois over violations of a state biometric law.
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Effective AML training: Four questions to answer
There are a multitude of factors that need to be established when determining training requirements. What is clear is that a one-size-fits-all approach doesn’t work.
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Syncora Holdings general counsel stepping down
Syncora Holdings has announced the departure of general counsel and secretary James Lundy, following the adoption of a plan of liquidation of the company at a special general meeting of shareholders.
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MoneyGram appoints general counsel and corporate secretary
MoneyGram International, a cross-border P2P payments and money transfers provider, has named Robert Villaseñor general counsel and corporate secretary.
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SEC, NSA issue new cyber-security guidance
Two new guidance documents, one from the SEC’s Office of Compliance Inspections and Examinations and another from the National Security Agency, aim to help companies improve their cyber-security efforts, including managing vulnerabilities in the cloud.
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Embattled TikTok appoints global general counsel
TikTok announced veteran attorney Erich Andersen will join the company as global general counsel. His appointment comes at a time when the Beijing-based social networking app is under heightened scrutiny from the U.S. government.
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New York Red Bulls name general counsel
The New York Red Bulls of Major League Soccer have announced the appointment of Kari Cohen as the club’s general counsel.
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Allianz promotes new compliance chief
Allianz Holdings has appointed Margo Young as chief compliance officer. Young replaces Ann Alexander, who recently retired from the business.
