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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Kyle Brasseur2023-03-23T20:20:00
What is “extraordinary” cooperation? How is a self-disclosure deemed “immediate”? With a series of new policy changes at the Department of Justice (DOJ) have come requests from the compliance community for more guidance. Don’t expect the agency to budge.
Assistant Attorney General Kenneth Polite Jr. of the DOJ’s Criminal Division reiterated in a speech Thursday the agency will not offer prescriptive guidance regarding how it evaluates corporate compliance programs.
“There is no one-size-fits-all approach,” he said. Instead, he addressed ambiguity around certain terms included among the DOJ’s policy changes by pointing to some of the agency’s recent cases and declinations and advising compliance professionals to “see how [the terms] are applied in future cases.”
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News and analysis for the well-informed compliance or audit exec.
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2023-07-18T19:43:00Z By Kyle Brasseur
Assistant Attorney General Kenneth Polite Jr. is set to leave the Department of Justice after a tenure highlighted by multiple policy changes intended to empower corporate chief compliance officers.
2023-05-25T19:28:00Z By Aaron Nicodemus
The Department of Justice has seen an uptick in self-reported potential misconduct by corporations since it increased incentives for voluntary disclosure, according to Assistant Attorney General Kenneth Polite Jr.
2023-05-16T19:58:00Z By Aaron Nicodemus
Glenn Leon, head of the Department of Justice’s Fraud Section, said “compliance is a very big area of focus” for the agency, during a fireside chat at Compliance Week’s 2023 National Conference.
2024-07-02T20:35:00Z By Adrianne Appel
Three former executives of Chicago-based Outcome Health, a healthcare technology company, were sentenced for misleading an auditor, clients, lenders, and investors about a scheme to sell $45 million in overbilled advertisements.
2024-07-02T14:42:00Z By Adrianne Appel
A home health company operating in Indiana, Ohio, and Texas agreed to pay nearly $4.5 million to settle allegations it filed false claims by giving sports tickets and other kickbacks to assisted living facilities in exchange for referrals.
2024-07-02T13:50:00Z By Aaron Nicodemus
Crypto-friendly Silvergate Bank will pay a total of $63 million penalties to California and the Federal Reserve Board to settle charges that its anti-money laundering program failed to properly monitor more than $1 trillion worth of customer transactions.
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