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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Aaron Nicodemus2023-05-25T19:28:00
The Department of Justice (DOJ) 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.
In a fireside chat at a conference held by the New York City Bar Association on Wednesday, Polite said corporations have shown more willingness to come forward since February, when the department set a “nationwide standard” for all U.S. attorney’s offices regarding the voluntary self-disclosure of potential corporate misconduct.
Polite, head of the DOJ’s Criminal Division, said the agency made the decision to enhance and expand its policy on voluntary self-disclosure because it noticed a downward trend in self-reporting of potential violations.
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News and analysis for the well-informed compliance or audit exec.
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2024-01-25T17:03:00Z By Kyle Brasseur
Private equity company Tavistock Group announced the retention of law firm Sidley Austin to conduct a compliance review, the same week that its billionaire founder pleaded guilty to U.S. insider trading charges.
2024-01-11T16:39:00Z By Kyle Brasseur
The U.S. Attorney’s Office for the Southern District of New York took its efforts to encourage voluntary self-disclosure a step further with the launch of a whistleblower pilot program for individuals involved in nonviolent offenses.
2023-11-01T22:49:00Z By Kyle Brasseur
The impact of the Department of Justice’s voluntary self-disclosure program was on display in the agency’s declination of an enforcement action against Florida-based health insurance company HealthSun Health Plans for apparent fraud committed by its employees and agents.
2024-07-02T19:43:00Z By Aaron Nicodemus
The U.S. Supreme Court extended the statute of limitations for businesses attempting to challenge some federal regulations, allowing regulated entities a longer timeline to appeal a decision.
2024-06-28T19:55:00Z By Aaron Nicodemus
The Supreme Court of the United States overturned a long-held precedent in which courts deferred to federal agencies in interpreting complex or ambiguous regulations–a decision that could make thousands of federal regulations more vulnerable to legal challenges.
2024-06-28T17:00:00Z By Aaron Nicodemus
Financial institutions would be required to conduct more thorough risk assessments on their anti-money laundering/countering the financing of terrorism programs under a new rule proposed by the Treasury Department’s Financial Crimes Enforcement Network.
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