Recent enforcement actions by U.S. agencies overseeing customs payments and export control laws indicate increased scrutiny of business transactions between U.S. and Chinese companies.
Aaron Nicodemus
Aaron Nicodemus is the Editor-in-Chief of Compliance Week. He previously worked as a reporter for Bloomberg Law and as business editor at the Telegram & Gazette in Worcester, Mass.
Email: aaron.nicodemus@complianceweek.com
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Posted inRegulatory Policy
Florida law makes it easier for employers to sue employees who signed noncompete agreements
Companies in Florida may want to revise noncompete agreements made with highly compensated employees to take advantage of provisions in Florida’s new noncompete law, which took effect July 1.
Posted inAccounting & Auditing
Williams leaves PCAOB four years before her term was supposed to end
Continuing a Trump administration practice of firing independent regulators, the head of the Public Accounting Oversight Board has been sent packing.
Posted inRegulatory Enforcement
Poor monitoring of sanctions compliance led to thousands of violations, $11.8M fine for brokerage firm
A brokerage and investment firm will pay $11.8 million for providing services to individuals under U.S. sanctions, as well as people located in countries sanctioned by the U.S.
Posted inESG/Social Responsibility
Citing “significant changes” to corporate reporting requirements, COSO withdraws governance framework
The Committee of Sponsoring Organizations of the Treadway Commission (COSO) has withdrawn its draft corporate governance framework that it released in May, after “extensive feedback” and provisions in the recently passed “One Big Beautiful Bill” caused its authors to reconsider it.
Posted inRegulatory Policy
Most companies that self-report misconduct to DOJ will receive declinations, DAG Blanche says
The Department of Justice has refocused its white collar crime priorities on prosecuting the worst cases of corporate misconduct while also clearing away unnecessary and burdensome regulation that could “strangle” American business, Deputy Attorney General Todd Blanche said.
Posted inRegulatory Enforcement
Florida alleges that Robinhood Crypto’s fee disclosures are inaccurate
The state of Florida is investigating Robinhood Crypto for falsely claiming it charges the lowest fees for processing crypto transactions.
Posted inRegulatory Enforcement
Harman Industries, despite self-reporting violating U.S. sanctions on Iran, fined $1.4M
A Connecticut-based audio electronics company will pay a $1.4 million fine for violating U.S. sanctions, after middle managers at a foreign distributor knowingly diverted the company’s products to Iran.
Posted inRegulatory Enforcement
In 17 years, Discover Financial never managed to clean up a billion dollar mess
Federal banking regulators have laid the blame for Discover Financial Services charging merchants $1 billion in excessive credit card fees over 17 years squarely at the feet of company executives.
Posted inRegulatory Enforcement
Without explanation, CFPB drops $95M enforcement action against Navy Federal
The Consumer Financial Protection Bureau has dropped a $95 million enforcement action against Navy Federal Credit Union, the latest regulatory pullback by the agency under President Donald Trump.
