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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Kyle Brasseur2023-05-17T03:20:00
A new strike force co-led by the Department of Justice (DOJ) and Commerce Department made an impact Tuesday when charges against a former Apple engineer for theft and attempted theft of trade secrets were included as part of its first enforcement actions.
The Disruptive Technology Strike Force, a collaboration between the DOJ’s National Security Division and Commerce Department’s Bureau of Industry and Security, laid the groundwork for the indictment of Weibao Wang, who is accused of stealing Apple technology related to autonomous systems and fleeing to China with that intel to work for a competitor. Wang faces six charges related to the six categories of trade secrets he allegedly stole or attempted to steal, according to the agency.
The case was one of five announced by the DOJ as the first batch to include the involvement of the Disruptive Technology Strike Force, which was formed in February. The strike force works to protect U.S. critical technological assets from being acquired or used by nation-state adversaries.
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News and analysis for the well-informed compliance or audit exec. Select an option and click continue.
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Full price one year membership with auto-renewal.
Membership $599
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2024-07-11T18:46:00Z By Aaron Nicodemus
A former Apple attorney who oversaw the company’s compliance with insider trading rules will pay a $1.1 million fine to settle insider trading charges levied by the Securities and Exchange Commission.
2023-05-01T16:22:00Z By Kyle Brasseur
Not knowing with certainty whether the business you’re conducting meets all relevant regulatory standards is a recipe for trouble, as Seagate learned in paying $300 million for its restricted dealings with Chinese telecom Huawei.
2023-04-20T16:27:00Z By Kyle Brasseur
Seagate will pay the largest stand-alone administrative penalty in the history of the Commerce Department’s Bureau of Industry and Security for violating export control restrictions against Chinese telecommunications giant Huawei.
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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