A company that sells fuel cards to businesses and its chief executive have agreed to pay $100 million to resolve allegations that customers were charged hidden fees.
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 inTop Stories
Abbott to pay almost $385M in DOJ settlement over infant formula plant allegations
Abbott Laboratories will pay nearly $385 million to settle allegations, first brought by whistleblowers, that two of its infant formula plants had unsanitary conditions that did not comply with federal and state regulations, the DOJ announced.
Posted inRegulatory Enforcement
Former NY home care owner faces more than 6 years for Medicaid fraud
The former owner of a New York home health care company and two adult day care centers will pay $61 million and was sentenced to more than six years in prison for Medicaid fraud, the DOJ National Fraud Enforcement Division announced.
Posted inWhistleblowers
More whistleblowers to receive 30 percent awards, CFTC says of rule changes
The U.S. Commodity Futures Trading Commission (CFTC) approved updates to its whistleblower rules designed to encourage participation by making it easier for more whistleblowers to receive 30 percent awards.
Posted inRegulatory Enforcement
Alcohol distributor pays $12.5M and ups compliance game in DOJ non-prosecution
A U.S. alcohol distributor has agreed to pay $12.5 million and make substantial compliance improvements to resolve allegations that the company and its executives made improper payments to retailers as bribes for business, the DOJ has announced.
Posted inFinancial Services
Financial institutions’ BSA filings linked to $17.5B in possible health fraud, FinCEN finds
Financial institutions’ reports to the U.S. Treasury Department’s Financial Crimes Enforcement Network revealed about $17.5 billion in suspicious financial activity related to health care, according to a FinCEN analysis.
Posted inRegulatory Enforcement
Two Payment processors face bans under FTC orders
Two credit card payment processors have been ordered to pay fines and to steer clear of high-risk merchants for allegedly processing more than $130 million in payments for bogus companies that scammed the public, the FTC announced.
Posted inArtificial Intelligence
Cox Media Group, two others pay $930,000 for alleged AI hype
Cox Media Group and two other businesses have agreed to pay $930,000 to resolve allegations that they claimed their AI service offered far more benefits than it did, the FTC said.
Posted inFinancial Services
Statement by U.S. financial regulators clarifies confidentiality of suspicious activity filings
The federal Bank Secrecy Act does not prohibit financial institutions from speaking openly with customers who are the subjects of official SARs, according to a clarifying statement issued by U.S. financial regulators Wednesday.
Posted inRegulatory Enforcement
Honeywell Aerospace pays $2M to settle false claims allegations
Honeywell Aerospace has agreed to pay more than $2 million to settle allegations that the company failed to comply with cybersecurity requirements in a contract with the U.S. Department of Defense, a case first brought by a whistleblower.