Corporate ethics hotlines received fewer reports overall from employees in 2020 despite a surge in Covid-19-related health and safety reports, data shows.
Michael Mosier, a counselor to the Treasury’s deputy secretary, will take over as acting director as Kenneth Blanco departs the Financial Crimes Enforcement Network.
Compliance officers at major financial institutions are questioning whether a new corporate ownership registry will prove useful to the industry.
Swiss regulators said they are lifting an acquisition ban imposed on Julius Baer Group last year in connection with alleged money-laundering failures involving the FIFA soccer federation and Venezuela’s national oil company.
The move comes as chief risk officer Stuart Lewis prepares to leave the bank.
Nadia Zakir, deputy general counsel for Pacific Investment Management Co., will take over following the retirement of Jennifer Durham, the investment firm’s current chief compliance officer.