If President Trump gets his way and the FCPA loses its bite, compliance officers would lose a valuable instrument in their fight to keep businesses on the right side of an ever-blurring line between right and wrong.
Kyle Brasseur
Posted inAccounting & Auditing
Spirit AeroSystems CFO resigns amid accounting probe
The chief financial officer and principal accounting officer at aerospace giant Spirit AeroSystems have resigned amid an ongoing accounting probe triggered by a compliance review.
Posted inRegulatory Enforcement
CFPB stirs controversy with enforcement head hire
The Consumer Financial Protection Bureau has faced the ire of the House Financial Services Committee regarding its hiring of former DOJ employee Thomas Ward to lead its enforcement efforts.
Posted inData Privacy
Facebook reveals $550M settlement for Illinois privacy lawsuit
Facebook has reached a $550 million settlement in principle in connection with a class-action lawsuit it faced in Illinois over violations of a state biometric law.
Posted inUncategorized
Embattled TikTok appoints global general counsel
TikTok announced veteran attorney Erich Andersen will join the company as global general counsel. His appointment comes at a time when the Beijing-based social networking app is under heightened scrutiny from the U.S. government.
Posted inRegulatory Enforcement
Eagle Shipping settles ’egregious’ OFAC case for $1.1M
Eagle Shipping International will make a handful of enhancements to its compliance controls as part of a $1.125 million settlement with the Department of the Treasury’s Office of Foreign Assets Control.
Posted inInternal Controls
Lessons from a CCO ‘in way over his head’
A recent court ruling tells the story of a former chief compliance officer that “literally had no idea what he was doing or what he was getting himself into” when he took the position at an investment advisory firm.
Posted inWhistleblowers
SEC issues first whistleblower awards of 2020
The Securities and Exchange Commission announced its first whistleblower awards of the new year in connection with two separate enforcement actions.
Posted inRegulatory Enforcement
Park Strategies execs draw ire of OFAC in settlement
Park Strategies will pay a relatively tame $12,150 to settle apparent OFAC violations, though the behavior of the lobbying firm’s executives was listed as an aggravating factor in the case.
Posted inData Privacy
Lawmakers push for FTC probe into Envestnet data sales
Democratic Sens. Ron Wyden and Sherrod Brown and Rep. Anna Eshoo sent a letter to the Federal Trade Commission urging the agency to investigate Envestnet’s selling practices regarding consumer financial data.
