All articles by Jaclyn Jaeger – Page 64
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ArticleBen Bard: Crusader of compliance
When Ben Bard was brought on as Archer Daniels Midland’s global CCO in 2014, it wasn’t just he who was embracing a new opportunity; it meant a fresh start for the company, as well.
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Blog
Yahoo to pay $35M for failing to disclose massive cyber-security breach
The SEC on Tuesday announced that Altaba—the company formerly known as Yahoo—has agreed to pay a $35 million penalty to settle charges that it misled investors by failing to disclose one of the largest data breaches in history, in which hackers stole personal data relating to at least 500 million ...
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Blog
Dun & Bradstreet to pay $9M to resolve FCPA case
The SEC announced on Monday that Dun & Bradstreet will pay $9 million for violations of the Foreign Corrupt Practices Act arising from improper payments made by two Chinese subsidiaries. Meanwhile, the Department of Justice said it has declined prosecution “consistent with the FCPA Corporate Enforcement Policy.”
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Article
Hackers tell all: How to reduce the risk of cyber-attacks
Interested in learning how to beef up your cyber-security processes? Who better to ask for advice than a group of hackers? A report from Nuix offers their suggestions.
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Blog
U.K., EU must work together to ensure post-Brexit stability
Now is the time, FCA chief Andrew Bailey said, for the U.K. and EU authorities to jointly work on solutions to reduce the risks to financial stability that Brexit could pose.
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Article
China’s new anti-graft agency brings key compliance risk
A powerful new anti-corruption enforcement body in China makes it imperative that firms carefully review existing interactions with public officials in the country.
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Blog
PPI complaints against financial services firms on the rise
Complaints about payment protection insurance (PPI) created a significant spike in the number of complaints made to financial services firms in the second half of 2017, according to recent figures published by the U.K. Financial Conduct Authority, serving as a warning to the broader financial services industry about the future ...
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Blog
Wells Fargo fined $1B by OCC, CFPB
The Office of the Comptroller of the Currency, in a coordinated action with the Consumer Financial Protection Bureau, assessed a total civil money penalty of $1 billion against Wells Fargo Bank for engaging in abusive lending practices concerning its auto loans.
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Blog
Joint U.S.-U.K. statement warns of malicious cyber-activity by Russian government
The U.S. Department of Homeland Security, Federal Bureau of Investigation, and the U.K.’s National Cyber Security Centre released a joint Technical Alert concerning malicious cyber-activity carried out by the Russian government, marking the first time these the United States and Europe have issued joint advice to industry about how to ...
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Blog
Cemex FCPA investigation widens
Cemex has disclosed in a securities filing that the U.S. Department of Justice has requested from it information regarding an ongoing Foreign Corrupt Practices Act investigation.
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World Bank Group reaches settlement with Africa Railways Logistics
Africa Railways Logistics Limited has been debarred by the World Bank Group for two years after an employee attempted to improperly influence the customs and port clearance process for locomotives that were part of two investment projects by the International Finance Corporation (IFC), the private-sector arm of the World Bank ...
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Article
Mitigating Brexit-related supply chain risk
A recent survey from NAVEX Global outlines the many hurdles that will need to be cleared by U.K. businesses as they prepare their supply chains for Brexit.
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Article
With harassment reports rising, it’s important to respond the right way
Rising harassment reports in the wake of the #MeToo movement is highlighting best practices forn how compliance should react to these allegations.
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Blog
Companies disagree on whether they must disclose too much information in annual reports
Companies disagree about whether the quantity of information contained in annual reports is a good or a bad thing, according to a poll of governance professionals conducted by the ICSA.
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ArticleCindy Moehring: The catalyst for change
Cindy Moehring, Walmart’s head of compliance, runs a program as ambitious as Walmart itself, requiring diligence, innovation, relatability, and the courage to make hard calls.
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ArticleBeware of ‘no-poach’ agreements
Informal non-solicitation agreements between companies to stifle bidding wars for top talent might easily violate anti-trust law.
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Blog
Financial Conduct Authority 2018/19 business plan focuses on Brexit
The Financial Conduct Authority published its Business Plan for 2018/19, setting out its key priorities for the coming year, much of which reflects the resources needed to prepare for withdrawal from the European Union.
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Mark Thompson named interim director of the SFO
The Attorney General’s Office announced that Mark Thompson, currently chief operating officer at the Serious Fraud Office, will be appointed SFO director on an interim basis pending the next permanent director becoming available.
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Blog
SFO: AI powered ‘robo-lawyer’ enhances fight against economic crime
The U.K. Serious Fraud Office is making artificial intelligence available to all its new casework, speeding up the investigation process—and already other enforcement bodies around the world are looking to the SFO to share its experience with AI.
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Blog
U.K. government gets tough on poor payment practices in procurement
Suppliers will be excluded from major government contracts if they cannot demonstrate fair and effective payment practices with their sub-contractors, under a package of tough new measures announced by the U.K. government.