- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Kyle Brasseur2023-08-08T17:41:00
The Securities and Exchange Commission (SEC) announced its fourth largest whistleblower award at $104 million, and yet another number stood out to me more: 11.
That was the amount of claimants that came forward to the SEC seeking a share of the award, according to the agency’s order released Friday. The bounty was ultimately split among seven whistleblowers, but the fact nearly a dozen individuals contacted the SEC seeking to provide information related to one action should be notable to companies regarding the stakes of the current whistleblower landscape.
Whistleblowers are rarely motivated by money—we’ve heard this before—but it’s hard to ignore when one person receives a life-changing award for coming forward, as was the case earlier this year when the SEC announced a $279 million bounty. Indeed, the agency is being sued by at least one of the two claimants denied a share of that record-shattering award.
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2023-09-08T20:14:00Z By Jeff Dale
Monolith Resources, a privately held energy and tech company, agreed to pay $225,000 to settle charges by the Securities and Exchange Commission it used employee separation agreements that violated whistleblower protection rules.
2023-08-22T16:23:00Z By Jeff Dale
The impact of “see something, say something” was on display as part of Construction Specialties’ settlement with the Office of Foreign Assets Control for apparent Iran sanctions violations.
2023-08-04T18:14:00Z By Jeff Dale
The Securities and Exchange Commission announced awards totaling more than $104 million to seven whistleblowers whose information and assistance led to a successful enforcement action.
2025-03-11T14:37:00Z By Markus Hornburg, CW guest columnist
CFOs are tasked with overseeing an organization’s entire financial processes, not least ensuring that financial operations remain compliant with the multitude of global regulations. It’s a heavy burden to carry that might be alleviated slightly with the help of artificial intelligence, writes Markus Hornburg, head of compliance at Basware.
2025-01-30T16:32:00Z By Jeff Dale
Having worked for Compliance Week for three years, I’ve found it remarkable how compliance professionals can be so consistently upbeat about their plight. An often refrain in compliance circles is “be comfortable with being uncomfortable.” As difficult as the job can be, that clearly doesn’t mean it can’t be fun.
2024-12-24T13:45:00Z By Jeff Dale
It’s been a long “integrity journey” for Ericsson, according to the company’s Head of Compliance Global Affairs Alison Howell. Since settling with the DOJ over FCPA violations in 2019, the company has gone through a "business critical transformation," resulting in the end of its compliance monitorship.
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