- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Aaron Nicodemus2025-02-13T15:50:00
With a six-month ban on enforcement of the Foreign Corrupt Practices Act (FCPA), compliance should retreat from fear-based messaging and instead focus on why ethical practices make good business sense, experts say.
President Donald Trump has ordered the Department of Justice (DOJ) to place a six-month pause on enforcement of the FCPA, saying the law has been “stretched beyond proper bounds” and “abused” under Democratic leadership.
In an executive order issued Monday, Trump said that “overexpansive and unpredictable FCPA enforcement” of what he called “routine business practices in other nations”–namely, practices involving bribery–“actively harms American economic competitiveness and, therefore, national security.”
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2025-02-10T15:27:00Z By Rezaul Karim, CW guest columnist
The dark web has been depicted as a long-standing hub for crimes, where illegal activities such as drug dealing, financial fraud, weapon sales, murder for hire, stolen credit cards, and ransomware gags are easily accessible to the public.
2025-02-06T20:05:00Z By Aaron Nicodemus
The U.S. Department of Justice under new Attorney General Pam Bondi will de-emphasize white collar misconduct linked to bribes and foreign corruption, instead prioritizing corruption cases linked to human smuggling and the trafficking of narcotics and firearms.
2024-12-24T13:45:00Z By Jeff Dale
It’s been a long “integrity journey” for Ericsson, according to the company’s Head of Compliance Global Affairs Alison Howell. Since settling with the DOJ over FCPA violations in 2019, the company has gone through a "business critical transformation," resulting in the end of its compliance monitorship.
2025-04-11T16:32:00Z By Adrianne Appel
Banks alerted authorities to $1.4 billion in suspicious transactions in 2024, a big assist in the nation’s fight against crime and fentanyl trafficking, according to the Financial Crimes Enforcement Network.
2025-04-11T12:00:00Z By Ruth Prickett
The U.K.’s Chancellor of the Exchequer Rachel Reeves has promised a “radical action plan” to cut the cost of regulation to businesses by a quarter and boost economic growth. Now the Cabinet Office has written to government departments requiring them to justify every quango, with the presumption that these semipublic ...
2025-04-10T16:32:00Z By Adrianne Appel
Many financial firms have mere days to notify New York about whether they have complied with the state’s strict cybersecurity regulations, and to gear up for new requirements rolling out May 1 and beyond.
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