All Compliance Week articles in Web Issue – Page 91
-
News BriefVF discloses data breach impacted 35.5M customers
Apparel company VF Corp., the owner of brands including The North Face, Vans, and Timberland, disclosed its estimation approximately 35.5 million customers had their personal data stolen as part of a cybersecurity incident it uncovered in December.
-
News BriefICBC fined $32M by NYDFS, Fed over compliance lapses
The Industrial and Commercial Bank of China and its New York branch agreed to pay $32.4 million in penalties levied by two regulators for failing to address compliance failures and for the unauthorized disclosure of confidential supervisory information to an overseas regulator.
-
Blog
Brown-Forman announces new general counsel
Alcoholic beverage company Brown-Forman Corp. announced Mike Carr, vice president, associate general counsel for regional and corporate development, will be promoted to general counsel.
-
Blog
Radiant Logistics names general counsel
Transportation logistics company Radiant Logistics announced Jaime Becker will be its senior vice president and general counsel.
-
Blog
Northland Power promotes legal chief
Canada-based Northland Power announced Yonni Fushman, chief legal officer and executive vice president of sustainability, was promoted to chief administrative and legal officer.
-
Blog
Ten Oaks Group promotes general counsel to managing partner
Ten Oaks Group, a family office focused on investing in corporate divestitures, announced the promotion of General Counsel Curtis Griner to managing partner.
-
Blog
Overland Advantage adds Centerbridge CCO to leadership team
Business development company Overland Advantage announced the appointment of Elizabeth Uhl, chief compliance officer of Centerbridge Partners, to its leadership team.
-
Blog
Target chief legal and compliance officer to retire
Retail giant Target Corp. announced the upcoming retirement of Chief Legal and Compliance Officer Don Liu.
-
News BriefRobinhood Financial to pay $7.5M in Mass. settlement
Online stock trading platform and broker-dealer Robinhood Financial agreed to pay a $7.5 million fine as part of a settlement with the Commonwealth of Massachusetts addressing claims related to “gamification” of its platform and cybersecurity issues that lent to a 2021 data breach.
-
News BriefEU nearing tighter AML rules for crypto, luxury traders
The European Union moved closer to finalizing rules that would expand current anti-money laundering and customer due diligence obligations to new sectors, in addition to granting greater powers to national financial intelligence units.
-
News BriefCourt bumps Gen Digital false claims judgment to $53M
An opinion in a long-running court case involving software company Gen Digital and alleged violations of the False Claims Act saw proposed costs in the matter jump from $1.3 million to approximately $53 million following successful arguments by the U.S. government.
-
Blog
PacketFabric recruits Megaport GC as chief operating officer
Network connectivity provider PacketFabric announced former Megaport General Counsel Anna Tichborne joined the company as chief operating officer.
-
Blog
Boyden appoints risk management chief
Global leadership and talent advisory firm Boyden announced the appointment of Gary Pikul as chief transformation and risk management officer.
-
Blog
Armstrong Teasdale taps partner as new general counsel
Armstrong Teasdale announced the appointment of Partner Maureen Bryan to serve as the law firm’s general counsel.
-
Blog
Beckers Group appoints first sustainability chief
Beckers Group, a supplier of industrial paints, announced the appointment of Nicklas Augustsson as its first chief sustainability officer.
-
Blog
Meritize appoints chief compliance officer
Meritize, a developer of merit-based financing solutions, announced the appointment of Meredith Garland-Hannifin as its new chief compliance officer.
-
Blog
Davis Polk rehires ex-Morgan Stanley CCO as white-collar chair
Davis Polk announced Raul Yanes, former chief compliance officer at Morgan Stanley, will rejoin the law firm as a partner in the white-collar defense and investigations practice in New York.
-
PremiumU.K. push for more listings to lower bar on governance?
Moves by the U.K.’s financial regulatory body to encourage companies to list in London might fail to deliver or send mixed messages about the value placed on corporate governance, according to experts.
-
PremiumAML pros say tech, not hiring, will keep them ahead of financial crime
A survey of financial crime professionals found that while three of every four companies added more anti-money laundering employees in 2023, nearly all respondents said growing their department’s headcount alone won’t keep up with emerging risks.
-
PremiumFTC ‘click to cancel’ proposal harmful to businesses, companies argue
A proposed “click to cancel” rule by the Federal Trade Commission is not necessary, too broad, and would harm mom-and-pop companies, according to business allies and trade groups.