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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Aaron Nicodemus2023-02-17T18:58:00
An official from the Department of Justice (DOJ) spoke to the value of deferred prosecution agreements (DPAs) to resolve corporate misconduct amid renewed criticism directed toward the agency’s 2021 agreement with Boeing.
Lisa Miller, deputy assistant attorney general in the DOJ’s Criminal Division, said during a speech delivered Thursday to the University of Southern California Gould School of Law the agency’s corporate enforcement policies and enforcement actions “transparently focus upon incentivizing companies to implement effective compliance programs, and for the same reason, reward voluntary self-disclosure, cooperation, and remediation of the causes of misconduct.”
Obligations corporations must fulfill to receive DPAs instead of guilty pleas include voluntarily disclosing misconduct to the Criminal Division; improving compliance programs; fully cooperating with DOJ investigators; certifications signed by the chief executive officer and chief compliance officer; and, when required, an independent compliance monitor.
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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
One-year only, no auto-renewal.
2023-03-16T20:21:00Z By Adrianne Appel
Sterling Bancorp pleaded guilty to falsifying securities statements prior to and following a 2017 initial public offering and will pay approximately $27.2 million in restitution, the Department of Justice announced.
2023-03-03T19:43:00Z By Aaron Nicodemus
The Department of Justice announced changes to its evaluation procedures for corporate compliance programs in criminal investigations, including monitoring off-channel messaging by employees, executive compensation programs, and how the agency selects compliance monitors.
2023-03-02T22:08:00Z By Aaron Nicodemus
Corporate resolutions involving the Department of Justice’s Criminal Division will now include a requirement the resolving company develop compliance-promoting criteria within its compensation and bonus system, according to Deputy Attorney General Lisa Monaco.
2024-11-21T20:19:00Z By Oscar Gonzalez
Three months after a U.S. district judge declared Google to be running a monopoly, the Department of Justice recommended the tech giant be forced to sell off its popular Chrome browser as part of an effort to resolve antitrust concerns and reshape the power of tech’s biggest companies.
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.
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