A Florida wireless company and its chief executive officer will pay more than $128 million to settle civil and criminal allegations that they defrauded a federal low-income telecommunications program, according to the Department of Justice.
Adrianne Appel
Adrianne Appel writes regulatory news, policy, and trends for Compliance Week. She previously reported about policy developments for Bloomberg Law and Bloomberg Government.
Email: adrianne.appel@complianceweek.com
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Posted inRegulatory Policy
PCAOB faces uncertain future as SEC Chair solicits new candidates
SEC Chair Paul Atkins is soliciting candidates for all five seats on the Public Company Accounting Oversight Board, he announced Wednesday.
Posted inRegulatory Enforcement
3M tops U.S. corporate penalties list with $18.7B in fines over four years, survey says
The 3M Company paid more than $18.7 billion in penalties over four years, more than any other major U.S. company tracked in a new survey.
Posted inRegulatory Enforcement
CVS hit with nearly $1 billion fine in Omnicare false claims verdict
CVS has vowed to appeal $948.8 million in fines and damages imposed by a judge Tuesday on its Omnicare unit, for billing Medicare for tens of thousands of false claims.
Posted inRegulatory Enforcement
DOJ wants less monitoring, more self disclosure with fine reductions, Galeotti says
The Criminal Division of the Department of Justice, continuing its aggressive, pro-business stance, has revamped key, white-collar crime enforcement policies, including clarifying fine reductions in its self-disclosure program and curbing its use of monitorships.
Posted inRegulatory Enforcement
DOJ charges crypto executive with laundering $530M for sanctioned Russian banks
The Department of Justice has charged the founder of cryptocurrency company Evita with 22 violations for allegedly laundering more than $500 million through U.S. banks and cryptocurrency exchanges, on behalf of sanctioned Russian entities.
Posted inEthics & Culture
Forced labor risks push global supply chains into compliance crosshairs
An increasing number of regulations worldwide regarding human rights due diligence, especially concerning forced labor and child labor, are relevant for any company that is serious about running an ethical business supply chain, experts say.
Posted inUncategorized
Compliance Week’s Inside the Mind of the CCO reveals stubborn gender pay gap
Despite years of attention, male compliance professionals remain more highly compensated than women, according to the sixth annual Compliance Week Inside the Mind of the CCO survey.
Posted inTechnology
For the first time, a majority of compliance teams using AI: Inside the Mind of the CCO
For the first time, more compliance teams than not used artificial intelligence (AI) to assist them in their work, according to Compliance Week’s 2024 “Inside the Mind of the CCO” survey.
About 56 percent of compliance teams used AI in 2024—a sizable jump from the 41 percent who relied on AI in 2023– the sixth annual survey compliance professionals found. About 227 compliance professionals participated in the survey.
Posted inRegulatory Policy
CFPB pulls data broker rule in win for industry, setback for consumer advocates
The Consumer Financial Protection Bureau has pulled back a draft privacy rule that would have required businesses to take more steps before selling consumers’ financial and personal data.