All Regulatory Enforcement articles – Page 117
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Blog
Plantronics announces closure of Polycom FCPA investigation
U.S. communications equipment company Plantronics announced Wednesday that Polycom entered into a settlement with the Securities and Exchange Commission for violations of the Foreign Corrupt Practices Act and will pay $36 million, which will come from an escrow secured by Plantronics as part of its acquisition of Polycom.
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Blog
SEC disciplines Crowe, two partners over audit failures
The SEC has settled charges against Crowe and two of its partners for “significant audit failures” connected to a payroll services firm that went bankrupt.
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Blog
How Hain Celestial improved its revenue recognition practices
The Hain Celestial Group recently settled charges with the Securities and Exchange Commission resulting from weaknesses in its internal controls. Why the food company was not assessed a monetary penalty is where the compliance lessons lie.
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Blog
BNY Mellon to pay $54M for improper handling of ADRs
The Securities and Exchange Commission on Dec. 17 announced that Bank of New York Mellon will pay more than $54 million to settle charges of improper handling of “pre-released” American Depositary Receipts.
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Blog
UBS Financial Services to pay $14.5M for anti-money laundering failures
UBS Financial Services has been ordered to pay a $14.5 million civil penalty for willful violations of the Bank Secrecy Act, the Financial Crimes Enforcement Network announced on Dec. 17.
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ArticleWill Kraninger bring change to the CFPB?
With the Senate confirmation of new director Kathy Kraninger on Dec. 6, critics and supporters alike are pondering the future of the Consumer Financial Protection Bureau.
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Article
Understanding the ‘revised’ policy on cooperation credit
Compliance officers and legal counsel should be somewhat relieved about newly announced revisions to Department of Justice policy that relaxes previous policy requirements for receiving cooperation credit in corporate misconduct cases.
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Blog
A look at the Justice Department’s new ‘China Initiative’
The Department of Justice on Nov. 1 announced the creation of a new “China Initiative,” aiming to identify priority Chinese trade theft cases and bring them to an appropriate conclusion quickly and effectively and making the global enforcement landscape all the more challenging for multinational companies.
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ArticleCases that make one wonder about the intent of enforcement
A close look at FCPA investigations into Danske Bank, Goldman Sachs, and Walmart prompt more questions than answers.
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ArticleCounterpoint: States should steer data privacy law
Common Sense Media Founder and CEO James Steyer lays out the three key reasons why individual state privacy laws would trump a federal mandate.
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ArticleThree unintended consequences of data privacy rules
Some will argue a strict data privacy regime will have a negative effect on growing companies, create conflicting requirements in other instances, and potentially cause impediments to corporate investigations. We explore all three.
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ArticlePoint: Protecting privacy should be federal government’s job
Cameron F. Kerry, senior counsel at Sidley Austin, explains how a federal data privacy law could represent a win for business, privacy advocates, and consumers.
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ArticleWhat federal data privacy legislation might look like, and how you can prepare
Components from preexisting privacy laws are likely to compose a significant portion of the parameters into which a federal privacy mandate would fit, writes our guest columnist.
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ArticleTech companies push for national privacy framework
Commonalities among tech companies, when it comes to U.S. data privacy legislation, include a single-standard approach, elevating the FTC, and mandating a risk-based methodology.
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ArticleSpecial report: Data privacy
International and domestic legislators and regulators threaten an end of the self-regulation of consumer data.
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Blog
SEC names Kurt Gottschall director of Denver office
The Securities and Exchange Commission named veteran staffer Kurt L. Gottschall director of the Denver regional office, where he will lead a staff of more than 100 enforcement agents.
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Blog
SEC Whisteblower Office has recordbreaking year
Fiscal year 2018 marked a historic year for the Securities and Exchange Commission’s Whistleblower Program both in terms of the dollar amount of whistleblower rewards the agency doled out and the number of tips received, according to the SEC annual report to Congress.
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Blog
Société Générale to pay $1.34B for economic sanctions violations
Société Générale has been slapped with a $1.34 billion criminal penalty for conspiring to violate the Trading with the Enemy Act and the Cuban Asset Control Regulations, representing the second largest penalty ever imposed on a financial institution for violations of U.S. economic sanctions.
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Blog
Nissan Chairman Carlos Ghosn arrested for financial misconduct
Japanese automaker Nissan has dismissed Carlos Ghosn from his chairman role, following his arrest by prosecutors in Japan for engaging in financial misconduct.
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Article
How election results will impact regulation for next two years
America voted on Tuesday. Now corporate America and its regulators need to see what it all means.