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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Jeff Dale2024-05-15T17:43:00
The Department of Justice (DOJ) notified aerospace giant Boeing it breached its 2021 deferred prosecution agreement (DPA) that required compliance commitments following high-profile crashes of its 737 MAX airplane.
In a letter Tuesday, the DOJ notified Boeing the government determined the company breached its obligations under the DPA by “failing to design, implement, and enforce a compliance and ethics program to prevent and detect violations of U.S. fraud laws throughout its operations.”
The letter, addressed to U.S. District Court Judge Reed O’Connor for the Northern District of Texas, updated the court on the status of the DPA, which Boeing agreed to in January 2021 as part of a $2.5 billion settlement over criminal charges related to the 737 MAX scandal.
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News and analysis for the well-informed compliance or audit exec. Select an option and click continue.
Annual Membership $499 Value offer
Full price one year membership with auto-renewal.
Membership $599
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2024-07-08T18:41:00Z By Aaron Nicodemus
Boeing will plead guilty to a felony and pay an additional $243.6 million for violating the terms of a 2021 settlement it made with the Department of Justice related to safety lapses that contributed to the crash of two airplanes.
2024-03-04T18:21:00Z By Aaron Nicodemus
Aerospace giant Boeing will pay a $51 million civil penalty to the State Department to resolve alleged export control violations related to unauthorized transfers and retransfers of technical data to foreign-person employees and contractors.
2023-02-13T20:08:00Z By Aaron Nicodemus
A federal judge in Texas ruled against a request by the families of those killed in two Boeing 737 MAX crashes to alter the terms of a 2021 deferred prosecution agreement between the company and the Department of Justice to add an independent compliance monitor.
2024-11-20T18:15:00Z By Aaron Nicodemus
A bank examiner and senior manager at the Federal Reserve Bank of Richmond pled guilty to insider trading after allegedly misappropriating confidential information on seven banks to make profitable trades.
2024-11-19T21:05:00Z
New York-based investment firm Drexel Hamilton will pay more than $1.1 million in penalties, with four current and former employees paying fines as well over committing hundreds of violations of rules regarding the sale of municipal bonds.
2024-11-19T19:26:00Z By Aaron Nicodemus
A publicly traded cryptocurrency mining company will pay $10 million and completely change its business model to one with “lower corruption risk” as part of a settlement over violations of the Foreign Corrupt Practices Act (FCPA), two regulators announced.
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