All articles by Jaclyn Jaeger – Page 65
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Blog
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.
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Blog
Drug company investors set to vote on executive pay, drug prices
A handful of drug makers have lost their battle with investors who had submitted proposals seeking more information on the potential link between executive compensation packages and rising drug prices.
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Blog
Council of Europe: Finland must boost anti-corruption efforts in central governments
In an evaluation report published last month, the Council of Europe’s Group of States against Corruption (GRECO) called for Finland to strengthen its systems to prevent and detect corrupt behaviour in central governments—including the top executive functions—and law enforcement agencies.
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Blog
SEC obtains emergency freeze of $27M in stock sales of Longfin
The SEC has obtained a court order freezing more than $27 million in trading proceeds from allegedly illegal distributions and sales of restricted shares of cryptocurrency firm Longfin stock involving the company, its CEO, and three other affiliated individuals. The case is another example highlighting the difference between simply having ...
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Blog
SEC charges medical device company with fraud
The Securities and Exchange Commission has charged a medical-device company and convicted felon and former NHL team owner Peter Pocklington with defrauding investors by hiding Pocklington’s recidivist history and by misappropriating investor funds.
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Blog
SEC: Whistleblower collects $2.2M after first reporting to another federal agency
A former company insider whose tips helped the SEC open an investigation that led to an enforcement action was awarded more than $2.2 million. The whistleblower first reported the information to another federal agency and later provided the same information to the SEC.
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Blog
Knorr, Wabtec must end ‘no-poach’ agreements
The Department of Justice reached a settlement with rail equipment suppliers Knorr-Bremse and Westinghouse Air Brake Technologies (Wabtec) to resolve allegations that these companies had for years maintained unlawful agreements not to compete for each other’s employees.
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Blog
The importance of a transitional period in financial services
Financial Conduct Authority Chief Executive Andrew Bailey in a recent speech spoke about the importance of a transitional period for the financial services industry concerning Brexit. A key issue, he said, is the need for continuing authorisation for firms that are undertaking cross-border business between the United Kingdom.
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Article
GDPR compliance from the trenches
With the EU’s General Data Protection Regulation fast approaching, forward-thinking companies have some hard-won experience to share about their compliance efforts.
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Blog
Singapore, financial industry to develop guide on ethical use of AI
The Monetary Authority of Singapore is working with key industry stakeholders to develop a guide to promote the responsible and ethical use of artificial intelligence and data analytics by financial institutions.
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Blog
Barclays to pay $2B in mortgage-backed securities fraud case
Barclays Capital will pay $2 billion in civil penalties to resolve claims for fraud in the sale of residential mortgage-backed securities, and two former Barclays executives will pay $2 million to resolve claims brought against them individually.
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Blog
Aegis Capital, compliance officers resolve cases with FINRA, SEC
Aegis Capital must pay a $550K fine to the Financial Industry Regulatory Authority, and a $750K penalty to the SEC for failing to have adequate supervisory and anti-money laundering programs in place. Two Aegis CCOs were found to have aided and abetted the violations.
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Blog
World Bank debars medical-device company, two others
The World Bank has debarred three companies and reached a settlement with one company concerning sanctionable practices under projects in Bangladesh, India, and Timor-Leste.
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Blog
LyondellBasell appoints chief accounting officer
LyondellBasell, one of the largest plastics, chemicals and refining companies in the world, has named Jacinth Smiley its chief accounting officer, effective April 2. Smiley will report to Chief Financial Officer Thomas Aebischer.
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Article
Compliance officers give ethics training movies two thumbs up
Ethics and compliance officers are taking cues from Hollywood, creating training movies that capture the heart, engage the mind, and keep the attention of employees.
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Article
Extracting compliance lessons from U.K. bribery cases
Recent case law shows that when it comes to the U.K. Bribery Act, no company is considered out of reach, or not worth prosecuting, if there is a message to be sent.
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Blog
New guidelines issued to help EU companies prepare for GDPR
Two months before the EU's General Data Protection Regulation takes effect, the European Data Protection Supervisor has published two new sets of guidelines, providing advice to the EU institutions on how to adapt to this new chapter in EU data protection.
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Blog
SFO recovers £4.4m from corrupt diplomats in ‘Chad Oil’ share deal
The Serious Fraud Office announced that it is set to recover millions lost in a corruption case concerning bribes that Griffiths Energy paid to Chadian diplomats in the United States and Canada.