All articles by Jaclyn Jaeger – Page 58
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Blog
SFO set to recover proceeds from Uzbekistan corrupt deals
The U.K. Serious Fraud Office said it has issued a claim for civil recovery in the High Court under Part 5 of the Proceeds of Crime Act 2002.
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Blog
ICO takes action for failure to pay new data protection fee
The U.K. Information Commissioner’s Office has taken formal enforcement action against 34 organizations that have failed to pay the new data protection fee.
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ICO issues first formal GDPR enforcement action
Canadian data analytics firm AggregateIQ Data Services has become the first company to face a formal enforcement action by the U.K. Information Commissioner’s Office for violations of the EU General Data Protection Regulation and the U.K. Data Protection Act.
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Blog
U.S. judge extends term of ZTE monitor: Here’s why
A U.S. district court judge has extended for two more years the term of ZTE’s court-appointed compliance monitor after the telecommunications company violated a condition of its probation resulting from U.S. sanctions violations.
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Petrobras case sheds light on how to avoid a corporate monitor
Any company under a criminal investigation by the U.S. government looking to avoid the appointment of a compliance monitor will want to take a page from Brazilian state-owned energy company Petrobras. Gibson Dunn partner Joe Warin, who represented Petrobras, offers some tips inside.
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World Bank Group issues first Sanctions System Annual Report
The World Bank Group debarred 78 firms and individuals during fiscal year 2018, according to its inaugural Sanctions System Annual Report, issued on Oct. 3.
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Article
Benchmarking study: Compliance programs in retail industry need to grow up
A new study that takes a hard look at retail companies finds the industry as a whole needs to elevate and mature its compliance programs.
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Blog
FTC: Four companies falsely claimed certification under EU-U.S. Privacy Shield
Four companies have agreed to settle allegations by the Federal Trade Commission that they falsely claimed certification under the EU-U.S. Privacy Shield framework and that two of these companies failed to abide by a key provision of the framework.
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Blog
AmerisourceBergen to pay $625M over illegally repackaged drugs
AmerisourceBergen and its subsidiaries have agreed to pay $625 million to resolve its civil liability to the United States under the False Claims Act for causing false claims for the drugs it repackaged to be submitted to federal health care programs.
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Article
Sexual harassment legislation gaining momentum at state level
Numerous states over the past few months have passed laws, or have legislation in the works, that seek to prevent sexual harassment in the workplace, and that means stringent new compliance obligations for companies.
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Blog
Credit Suisse to pay SEC $10M for mishandling retail customer orders
Credit Suisse will pay $10 million to settle charges brought by the SEC and the Office of the New York Attorney General regarding material misrepresentations and omissions made in connection with its now-closed Retail Execution Services business’ handling of certain customer orders.
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Blog
SEC charges Stryker second time for FCPA violations
The SEC on Sept. 28 charged Stryker with violating the books and records and internal accounting controls provisions of the Foreign Corrupt Practices Act, the second time the SEC has brought an FCPA action against the medical device company.
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Blog
Anatomy of a FATCA case
The Department of Justice recently secured its first ever criminal conviction under the Foreign Account Tax Compliance Act. For compliance officers, in-house counsel, and internal audit, the case provides a rare look into the inner workings of a FATCA scheme and resulting undercover sting operation.
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Article
Petrobras to pay $853.2M in corruption case
Brazilian state-owned energy company Petrobras on Thursday reached a coordinated resolution with U.S. and Brazilian authorities, agreeing to pay a combined $853.2 million for playing a role in one of the largest political corruption investigations the world has ever seen.
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Article
Hospital chain to pay more than $260M to resolve false billing, kickback allegations
Health Management Associates will pay more than $260 million to resolve criminal charges and civil claims relating to a scheme to defraud the United States.
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Blog
SEC charges Voya Financial Advisors with deficient cyber-security procedures
In the SEC's first enforcement action for violations of the Identity Theft Red Flags Rule, Voya Financial Advisors has agreed to pay $1 million to settle charges for having deficient cyber-security policies and procedures concerning a cyber intrusion that compromised the personal information of thousands of customers.
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Blog
Report: Financial firms fined $26B for AML, sanctions, KYC non-compliance since 2008
A staggering $26 billion in fines has been imposed for non-compliance with Anti-Money Laundering (AML), Know Your Customer (KYC), and sanctions regulations in the last decade, according to new research.
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Blog
Department of Justice updates, renames U.S. Attorneys’ Manual
The Department of Justice announced the roll out of an updated U.S. Attorneys’ Manual, now titled the Justice Manual. It is the first comprehensive review and overhaul of the manual in more than 20 years.
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Blog
SEC awards $4M to overseas whistleblower
The Securities and Exchange Commission has awarded nearly $4 million to an overseas whistleblower whose “extensive assistance” helped it bring a successful enforcement action, the agency announced on Sept. 24.
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Blog
Deutsche Bank latest to come under fire for lax AML controls
Deutsche Bank has become the fourth bank in the past month to get into regulatory trouble for having lax anti-money laundering controls in place, joining Danske Bank, ING, and Credit Suisse.