All Regulatory Enforcement articles – Page 122
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Blog
Once again, no judicial review of DPAs
While there will be no official review, a recent case where a federal district court approved a limited release of a Monitor’s report from the financial institution HSBC will have an impact on the court’s treatment of DPAs.
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Blog
RBS reaches $5.5B settlement with FHFA
The Federal Housing Finance Agency, as conservator of Fannie Mae and Freddie Mac, today reached a $5.5 billion settlement with Royal Bank of Scotland Group alleging violations of federal and state securities laws in connection with private-label residential mortgage-backed securities trusts purchased by Fannie Mae and Freddie Mac.
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Article
Best practices for cartel enforcement compliance
As Makan Delrahim seeks confirmation as the Justice Department’s new antitrust chief, cartel enforcement will be a point of interest for compliance professionals everywhere.
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Blog
Shell companies in the U.S.—beginning of the end?
The Man From FCPA explores the issues surrounding shell companies and, in particular, money laundering enforcement.
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Blog
Of Barclays and DPAs
Is Barclays too big too jail? Tom Fox explores the banking giant’s involvement in the bailout scandal during the 2008 financial crisis.
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Blog
World Bank sanctions CDM Smith
CDM Smith has been sanctioned by the World Bank for failing to disclose a sub-consulting agreement for a project in Vietnam.
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Article
New leadership, similar enforcement agenda
Amid plenty of public turmoil in the Trump administration’s early days, the enforcement agendas of both the DoJ and the SEC remain fundamentally unchanged.
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Blog
Why Hui Chen left the Justice Department
Hui Chen, a full-time compliance counsel expert for the Justice Department, has left her government post, criticizing President Trump on her way out the door.
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Blog
SFO brings charges against bankers
The Man From FCPA takes an in-depth look at the Serious Fraud Office case against four former Barclays executives for illegal money lending.
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Blog
OFAC fines AIG for insuring Iran, Sudan, and Cuba shipments
American International Group last month agreed to pay the Office of Foreign Assets Control $148,698 to settle potential civil liability for 555 “apparent violations” of the OFAC sanctions program for insuring Iran, Sudan, and Cuba shipments.
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Resource
Harnessing data and analytics to transform compliance
This paper sets forth five key areas that CCOs can utilize as they chart a course for more robust, and predictive, D&A capabilities. The viewpoints presented in this paper leverage the experience and insights of KPMG LLP’s (KPMG) compliance professionals and our top-rated D&A practice.
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Article
The Escobar decision, one year later
A year after the Supreme Court more closely defined materiality and implied consent in False Claims Act cases, compliance officers still have more questions than answers.
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Blog
Sailing, cycling, and compliance
A lesson from the America’s Cup Emirates Team New Zealand reveals that exploring past methods can improve your future compliance policies and ensure against possible Foreign Corrupt Practices Act violations.
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Blog
Your business is being sold; what is your compliance response?
Tom Fox takes a closer look at the continuing saga of the 1 MDB scandal involving the Malaysian sovereign wealth fund and the need to have robust corporate compliance around all parties.
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Blog
A new chapter in anti-corruption enforcement?
Jorge Luis Arzuaga, a former managing director at the Swiss bank Julius Baer, pled guilty to having arranged the transfers of more than $25 million in bribes for corrupt FIFA officials. This is the first guilty plea in the plethora of service provides who facilitated the massive corruption scandal engaged ...
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Resource
The True Cost of Compliance and Governance Failures
Title: The True Cost of Compliance anIn Comensure;s recent infographic, they break down the current GRC landscape and the true cost of non-compliance.
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Blog
Department of Justice seeks new compliance counsel
Legal and compliance professionals interested in joining the Department of Justice’s Fraud Section for the compliance counsel job have until June 27 to apply. The Fraud Section is on the lookout for a new compliance counsel to replace Hui Chen, the first person to ever assume the role.
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Article
Five-year limit placed on SEC disgorgement penalties
The SEC must rethink how it collects billions of dollars through disgorgement now that the Supreme Court has imposed a five-year statute of limitations.
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Blog
British Airways learns a lesson on controls
The recent power failure at British Airways that stranded more than 75,000 holiday passengers is a reminder to companies of the importance of internal controls.
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Blog
Compliance and risk management as a competitive advantage
The Man From FCPA explores Amazon’s recent foray into banking that effectively demonstrates how the risk management aspect of compliance can be used as a competitive advantage.