All articles by Jaclyn Jaeger – Page 51
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Why ‘moral leadership’ matters, and how to demonstrate it
Most employees believe moral leadership leads to better business results, but few believe senior leaders consistently demonstrate those qualities. That’s according to the findings of a new report, “The State of Moral Leadership in Business 2019,” conducted by ethics and compliance advisory firm LRN.
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Nokia discloses Alcatel-Lucent compliance issues
Following its 2016 acquisition of Paris-based telecommunications company Alcatel-Lucent, Nokia disclosed in a filing with the Securities and Exchange Commission that it has “been made aware of certain practices relating to compliance issues at the former Alcatel-Lucent business that have raised concerns.”
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How audit firms are polishing their images
Audit deficiencies are just part of the picture when it comes to the reputational damage suffered by nearly every big firm. Jaclyn Jaeger looks at how the big audit firms are tackling bad marks from the PCAOB.
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Anatomy of a college cheating scandal, and the resolve to fix it
In response to the nationwide college admissions scandal, victimized universities are speaking out and sharing the steps they’ve taken to stop similar behavior from happening in the future.
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Why companies replace their external auditors
Analyzing public company regulatory filings, we explore the factors behind why companies change external auditors.
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A global look at anti-bribery enforcement activity
TRACE International’s 2018 Global Enforcement Report serves as an insightful resource for companies seeking information on which countries are enforcing anti-bribery laws and which countries are beleaguered by bribery and corruption issues.
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FCA fines UBS £27.6M for transaction reporting failures
The U.K. Financial Conduct Authority has fined UBS £27.6 million (U.S. $36.6 million) for failings relating to 135.8 million transaction reports.
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SEC charges Volkswagen in emissions-cheating scandal
The SEC has charged Volkswagen, two of its subsidiaries, and its former CEO, Martin Winterkorn, with defrauding U.S. investors by making deceptive claims about the environmental impact of the company’s “clean diesel” fleet.
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Tesla names new chief accounting officer
Electric car maker Tesla disclosed in a March 13 securities filing that it has appointed Vaibhav Taneja as chief accounting officer, adding to the company’s long list of sudden executive departures and appointments.
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Dutch DPA: Forcing users to agree to ‘cookies’ violates GDPR
The Dutch Data Protection Authority says giving visitors access to websites only if they agree to their internet browsing activities being tracked by so-called “cookies” or other tracking software does not comply with the EU’s General Data Protection Regulation.
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Lumber Liquidators to pay $33M for securities fraud
Lumber Liquidators Holdings, a discount retailer of hardwood flooring, will pay a total of $33 million in criminal and regulatory penalties for misleading investors concerning the sale of its laminate flooring from China to its customers in the United States.
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Hempel resolves bribery case with European authorities for $33.3M
Global coatings manufacturer Hempel has reached a settlement with Danish and German authorities and agreed to a fine of 220 million Danish krone (U.S. $33.3 million) concerning bribery payments made to ship managers in Germany.
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An inside look into the FBI’s Office of Integrity and Compliance
Catherine Bruno, assistant director of the FBI’s Office of Integrity and Compliance, discusses the division’s current initiatives and plans for the future.
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Covidien to pay $17.5M for False Claims Act violations
Covidien has agreed to pay $17.5 million for violations of the False Claims Act by providing free or discounted practice development and market development support to physicians in California and Florida to induce purchases of Covidien products, the Department of Justice announced.
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BB&T Securities to pay $5.7M for misleading clients
BB&T Securities has reached a $5.7 million settlement with the Securities and Exchange Commission to settle charges that a firm it acquired misled its advisory clients.
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CFTC issues enforcement advisory on self-reporting and cooperation
The Commodity Futures Trading Commission Division of Enforcement has issued an enforcement advisory that provides clarity concerning the benefits of self-reporting and cooperation related to violations of the Commodity Exchange Act involving foreign corrupt practices.
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Swedbank faces scrutiny over money laundering allegations
Legal pressure against Stockholm-based Swedbank, one of several banks at the center of a massive money laundering scandal, continues to escalate.
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A glimpse into the Department of Justice’s ethics and compliance operations
Deputy Attorney General Rod Rosenstein in public remarks this week provided a glimpse into how the Department of Justice conducts its own ethics and compliance operations.
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FINRA fines Cantor Fitzgerald $2M for Reg SHO violations, supervisory failures
The Financial Industry Regulatory Authority fined Cantor Fitzgerald $2 million for Regulation SHO violations and supervisory failures spanning a period of at least five years.
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FBI creates new International Corruption Squad in Miami
Citing the success of its three other international corruption squads operating around the country, the Federal Bureau of Investigation has announced the creation of a fourth dedicated international corruption squad, this one based in its Miami Field Office.