All articles by Jaclyn Jaeger – Page 71
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Blog
Ex-Volkswagen executive gets 7 years in emissions cheating case
Oliver Schmidt, the former general manager of Volkswagen AG’s U.S. Environment and Engineering Office, has been sentenced to seven years in prison after pleading guilty to his role in the company’s long-running emissions cheating scandal.
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Blog
Financial Conduct Authority fines Bluefin £4m for misleading customers
The Financial Conduct Authority today fined Bluefin Insurance Services Limited £4 million for having inadequate systems and controls and failing to provide information to its customers about Bluefin’s independence in a way that was clear, fair, and not misleading.
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Blog
First sport integrity hotline established in United States and Canada
The Special Investigations Unit of the International Centre for Sport Security has announced the establishment of a confidential Sport Integrity Hotline to report misconduct and sport integrity issues in the United States and Canada.
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Blog
World Bank: Sediver SAS debarred for two years
The World Bank Group today announced the debarment for two years of Sediver SAS, a Paris-based manufacturing company for power transmission components, in connection to sanctionable misconduct under the Southern Africa Power Market Project in the Democratic Republic of the Congo.
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Blog
NLRB General Counsel memo a boon for employers
Newly appointed National Labor Relations Board General Counsel Peter Robb this week issued a memorandum encompassing at a high level his initial agenda as General Counsel, much of which should come as welcome news to employers.
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Blog
SEC awards company insider $4.1M for whistleblower tip
The SEC today announced an award of more than $4.1 million to a former company insider who alerted the agency to a widespread, multi-year securities law violation and continued to provide important information and assistance throughout the SEC’s investigation, making it the third whistleblower award in the past week.
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Blog
“FinCEN Exchange” seeks to enhance public-private information-sharing
The U.S. Department of the Treasury’s Financial Crimes Enforcement Network has launched the FinCEN Exchange program, intended to enhance information-sharing with financial institutions.
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Blog
New U.K. Corporate Governance Code focuses on culture
The Financial Reporting Council this week published proposals for a revised U.K. corporate governance code to reflect the changing business environment and help U.K. companies achieve the highest levels of governance, with corporate culture being a new key focus.
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Blog
U.K. wants to regulate digital currencies
The U.K. government is looking to increase its regulation of digital currencies, amid growing concerns that such virtual currencies are being used to enable money laundering, terrorist funding, and other criminal activity.
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Blog
SEC ratifies appointment of administrative law judges
The Securities and Exchange Commission has ratified its prior appointment of Chief Administrative Law Judge Brenda Murray and Administrative Law Judges Carol Fox Foelak, Cameron Elliot, James Grimes, and Jason Patil.
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Blog
Tax Cuts and Jobs Act passes in Senate
The Senate over the weekend passed its version of the Tax Cuts and Jobs Act, aligning closely to the corresponding bill passed by the House last month as it concerns executive compensation provisions—but the Base Erosion Anti-Abuse Tax provision has the renewable energy sector in a state of panic.
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Blog
SEC awards $16M to two whistleblowers
The Securities and Exchange Commission awarded more than $8 million each to two whistleblowers whose critical information and continuing assistance helped the agency successfully bring an enforcement action.
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Blog
SEC Division of Corporation Finance Chief Accountant to leave agency
The Securities and Exchange Commission announced that Mark Kronforst, chief accountant of the SEC’s Division of Corporation Finance, plans to leave the SEC in early January.
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Article
Choosing an executive education program
As compliance officers increasingly turn to executive training to hone skills, learn topics in-depth, and network, what should they be looking for in a program before committing to one?
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Article
Unwrapping the new FCPA Corporate Enforcement Policy
The Justice Department just announced its new FCPA Corporate Enforcement Policy. How different is it from the FCPA Pilot Program? And how will it change self-reporting misconduct?
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Blog
SBM Offshore to pay $238M to resolve FCPA case
Dutch oil and gas services company SBM Offshore, and its wholly owned U.S. subsidiary SBM Offshore USA, will pay a criminal penalty of $238 million in connection with schemes involving the bribery of foreign officials in Brazil, Angola, Equatorial Guinea, Kazakhstan, and Iraq in violation of the Foreign Corrupt Practices ...
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Blog
Announcing the new FCPA Corporate Enforcement Policy
The Department of Justice announced today that it will not only make permanent the incentives of its FCPA Pilot Program, but sweetened it with a bonus: the opportunity to receive a declination. More details on the revised FCPA Corporate Enforcement Policy are inside.
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Blog
Tax Cuts and Jobs Act portends big changes to executive pay practices
The Senate Finance Committee and the House of Representatives have each proposed their own versions of the Tax Cuts and Jobs Act, and both portend dramatic changes to executive compensation and employee benefit practices.
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Article
More companies exiting third-party vendor relationships
An increasing number of companies expect to exit or change relationships with their third-party vendors due to heightened risk levels, finds a newly released vendor risk management benchmark report.
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ArticleFacilitation payments now illegal in Canada
Now that facilitation payments under Canada’s anti-corruption law are officially illegal, any company doing business within Canadian jurisdiction needs to adjust its compliance policies and procedures accordingly.