- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Kyle Brasseur2023-07-18T19:43:00
The head of the Criminal Division at the Department of Justice (DOJ) is set to depart the agency after a tenure highlighted by multiple policy changes intended to empower corporate chief compliance officers.
Assistant Attorney General Kenneth Polite Jr. will step down by the end of the month, a spokesman for the DOJ confirmed. Multiple media outlets, including the Wall Street Journal, reported the impending departure of Polite for a planned return to a legal career.
Polite formerly worked at Morgan Lewis prior to joining the DOJ in 2021.
THIS IS MEMBERS-ONLY CONTENT. To continue reading, choose one of the options below.
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.
Sidley Austin announced the appointment of Kenneth Polite Jr., former head of the Department of Justice’s Criminal Division, as a partner and co-lead of the law firm’s white-collar government litigation and investigations practice.
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.
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.
Any product that uses AI needs to be safety assessed for its entire lifespan under new rules that went into effect recently across the EU. Experts warned companies using AI to tailor products could be classed as “manufacturers” and face the same duty of care as developed.
When lawmakers slam the U.K.’s chief financial regulator as “incompetent,” it not only opens the doors for others to pile criticism on it, but it sparks a debate about how the organization can be improved–or removed.
The U.K. Financial Conduct Authority apologized to investors in peer-to-peer investment firm Collateral for not acting swiftly enough to prevent Collateral from defrauding its customers.
