The Financial Crimes Enforcement Network has issued an advisory to U.S. financial institutions to highlight the connection between corrupt senior foreign political figures and their enabling of human rights abuses.
Joe Mont
Posted inUncategorized
Net neutrality is dead, but battles rage on
The era of “net neutrality” has ended. On Monday, the Federal Communications Commission’s Restoring Internet Freedom Order went into effect. Battles are already afoot to restore the former status quo.
Posted inUncategorized
Senators want scrutiny of Trump tweet on unemployment data
Democratic senators wants regulators to investigate whether “President Trump’s reckless comments on market-moving economic data” was a catalyst for insider trading. On June 1, Trump tweeted about positive employment numbers before the data went public.
Posted inUncategorized
SEC’s Jackson urges a review of stock buyback rules
SEC Commissioner Robert Jackson is voicing his concerns about corporate stock buybacks and says research produced by his staff “raises significant new questions about this activity.” He wants the Commission to reconsider existing rules.
Posted inRisk Management
As global politics get more complicated, geopolitical risks thrive
From sanctions to tariffs, the U.S. is increasingly a source of geopolitical risk. How can companies protect their own interests when it seems the world is against them?
Posted inUncategorized
CFPB’s Mulvaney disbands Consumer Advisory Board
Mick Mulvaney, acting director of the CFPB, has disbanded his agency’s Consumer Advisory Board, dismissing 25 outside experts who were intended to help shape agency policy. It is the latest in a series of moves to reshape the Bureau into Mulvaney’s more business-friendly vision.
Posted inRegulatory Enforcement
ZTE agrees to $1.4B settlement with ‘stringent compliance measures’
Chinese telecom giant ZTE Corp. has agreed to “severe additional penalties and compliance measures” to replace a U.S. Commerce Department’s denial order.
Posted inData Privacy
SEC, CFTC make their case for more funding, boosting cyber-security
Requesting increased funding for Fiscal Year 2019 before a Senate committee, the heads of the SEC and CFTC touted the need to ramp up their internal cyber-security efforts and external supervision and enforcement of breaches.
Posted inEthics & Culture
Doing the right thing can be a costly investment
High-profile corporate woes are a reminder: Act fast when confronted by malfeasance and worry about the cost afterwards.
Posted inUncategorized
Mexico announces retaliatory tariffs targeting U.S.
Mexico has announced trade retaliation efforts against the United States, a response to recent steel and aluminum tariffs put in place by the Trump administration.