All Regulatory Enforcement articles – Page 127
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Blog
Alere to pay $13M for accounting fraud charges
Medical manufacturer Alere has agreed to pay more than $13 million to settle charges that it committed accounting fraud through its subsidiaries to meet revenue targets and made improper payments to foreign officials to increase sales in certain countries.
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Blog
CFTC makes pitch for self-reporting, cooperation in enforcement actions
The CFTC, with lessons learned and expectations informed by similar programs at other federal agencies, is promoting new self-disclosure and cooperation agreements with the firms it oversees. James McDonald, director of the Division of Enforcement, outlined the program in a recent speech.
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Blog
FinCEN: Beware of laundering Venezuela bribe money
The Financial Crimes Enforcement Network (FinCEN) issued an advisory, warning banks about widespread public corruption in Venezuela and what methods Venezuelan senior political figures may use to move and hide corruption proceeds.
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Resource
A comprehensive look at the new General Data Protection Regulation
In this e-Book, we explain in detail what the GDPR is and what new changes it demands from companies that collect or process personal data on EU citizens. Examples of questions that will be answered include: Under what circumstances is a data protection officer required? What are the steps ...
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Congress considers secondary sanctions against North Korea, banking partners
Proposed legislation would create the “toughest financial sanctions ever directed at North Korea.” Secondary sanctions would bar foreign banks from the U.S. financial system if they have business relationships with the rogue nation.
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Report: CFPB’s Wells Fargo fine was just 1 percent of potential penalty
The latest attack on the CFPB by Republican critics comes in an investigative report alleging that the Bureau fined Wells Fargo, following illegal account openings, a mere 1 percent of the penalty it was authorized to issue.
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Blog
Former SEC Enforcement Director joins King & Spalding
Richard Walker, former Director of Enforcement at the Securities and Exchange Commission, has joined international law firm King & Spalding as a partner in the Special Matters & Government Investigations group, resident in the New York office.
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Blog
Uber works on its leadership and teamwork
Uber is taking steps to clean up its act. The company has hired Frances Frei as head of leadership and as the unofficial cheerleader for the company, whe will be teaching management skills at all levels and how to work as a team and lead an effort on business strategy.
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Blog
Those pesky hot mikes and insider-trading laws
Inside is a look at the actions of the Batista brothers, leaders of corrupt firm JBS, which highlights a part of any corruption resolution across the globe: If you hold back information from the government, you will be subject to prosecution for those crimes as well.
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Blog
Written protocols for compliance
Tom Fox explores written protocols, the foundation upon which an effective compliance program is built.
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Blog
Risk assessments
A detailed guide from the Man From FCPA on how to perform an effective risk assessment.
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Blog
McKinsey and KPMG face blowback in South Africa
Reports indicate both the international consultancy McKinsey and the international accounting firm KPMG have come under scrutiny for their work for the Gupta family and may be forced to self-disclose their findings to the U.S. government for potential FCPA violations.
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Blog
Hearings, investigations lie ahead for post-breach Equifax
The massive data breach that hit consumer credit rating firm Equifax is the catalyst for a run of Congressional hearings, new data protection legislation, and investigations by the Department of Justice and FTC.
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Blog
SEC: SunTrust improperly recommended higher-fee mutual funds
The SEC has charged the investment services subsidiary of SunTrust Banks with collecting more than $1.1 million in avoidable fees from clients by improperly recommending more expensive share classes of various mutual funds when cheaper shares of the same funds were available.
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Blog
Tone in an organization
Tom Fox explores the many levels of corporations and how they interact to create tone at the top, middle, and bottom.
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Blog
Structure of the CCO position
The Man From FCPA explores the three prisms by which the structure of the Chief Compliance Officer position can be evaluated: access, resources, and opportunities.
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Blog
Treasury in ‘hand-to-hand financial combat’ with North Korea
Current and future sanctions efforts by the Treasury Department to financially strike back against North Korean aggression were dissected by Assistant Treasury Secretary Marshall Billingslea during a recent House committee hearing.
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Blog
New York AG launches formal investigation into Equifax breach
As part of a formal investigation into the massive breach involving credit-reporting agency Equifax, which has effected about 143 million U.S. consumers, New York Attorney General Eric Schneiderman sent a letter to Equifax seeking additional information about the breach.
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Blog
What new headaches may befall FIFA?
A new and potentially very damaging turn has taken place in the ongoing FIFA corruption scandal. Miguel Maduro, former chairman of FIFA’s governance committee, said that if asked, he would provide specific accusations of top FIFA officials pressuring him to ignore regulations.
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Blog
Remediation and the Equifax data breach
Equifax has a long road to travel to get past the recent data breach that saw 143 million people’s personal information exposed to theft.The company will need to engage in significant remedial action, notes The Man From FCPA, if they hope to survive the upcoming fallout.