Banks and money services businesses (MSB) reported nearly $5 billion in transactions over three years with suspected links to human smuggling and trafficking, according to an analysis by the Treasury Department’s Financial Crimes Enforcement Network (FinCEN). The federal Bank Secrecy Act (BSA) requires banks and MSBs, which include currency exchangers, check cashing businesses and […]
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 inPharmaceuticals
Pharma company pays $46M and promises extensive compliance improvements to settle kickback charges
A drug manufacturer will pay more than $46 million and implement significant compliance program improvements to settle allegations that it offered kickbacks to doctors who prescribed its kidney drug.
Posted inRegulatory Policy
FinCEN ends beneficial ownership reporting for most small businesses
Tens of millions of U.S. small businesses will not be required to disclose who owns their businesses, under a final FinCEN decision killing beneficial ownership information reporting.
Posted inTop Stories
Texas genetics lab, former CEO and businessman pay $36.4M to settle kickback allegations
A Texas genetic testing laboratory agreed to a corporate integrity agreement that requires it to hire a compliance officer as part of a $36.4 million settlement of charges related to a kickback scheme. The company, Access DX, of Houston, signed a five-year corporate integrity agreement (CIA) with the Office of Inspector General of the Department […]
Posted inRegulatory Policy
FTC pares back disparate impact
In a break with decades of policy, the U.S. Federal Trade Commission (FTC) will end disparate impact consideration in almost all cases.
Posted inAnti-Bribery
Former Goldman exec faces 30 years for bribery
A former Goldman Sachs executive director faces 30 years in prison after being convicted of paying more than $1.5 million in bribes to officials in Ghana, the U.S. Department of Justice (DOJ) announced.
Posted inTop Stories
DOJ declines to prosecute health entity per Corporate Enforcement Policy, but indicts former CEO
The Department of Justice (DOJ) has declined to prosecute a New Jersey health business for fraud, kickbacks and bribery, while indicting the chief executive on multiple counts. Campus Eye Management (CE), which ran a busy optometry practice and eye surgery center, voluntarily reported the malfeasance, fully cooperated with the DOJ and timely remediated, so it […]
Posted inTop Stories
Telehealth company Hims & Hers vows to fight FTC suit alleging illegal subscription, cancellation practices
The FTC has filed another enforcement action against a company charging illegal subscription fees and using illegal cancellation practices, this time against the telehealth company Hims & Hers.
Posted inFinancial Services
In enforcement action against broker-dealer, SEC deems monthly compliance check with net capital rule not good enough
Texas broker-dealer Hext Capital Partners and its owner and chief executive officer, Gregory Hext, have agreed to pay $60,000 to settle allegations that the firm violated the net capital requirements of the Securities Exchange Act.
Posted inTop Stories
Paper manufacturer pays $1.5M and makes upgrades to settle allegations of Clean Air Act violations
A paper manufacturer will pay $1.5 million for historically failing to install effective air pollution controls, the Department of Justice (DOJ) announced. Domtar A.W. LLC, a subsidiary of Domtar Corporation, violated the amended 1990 Clean Air Act (CAA) by releasing total reduced sulfur, chlorinated compounds and other pollutants into the air at its Ashdown, Ark., […]
