Jamie Schafer, co-chair of the regulatory compliance and disputes practice at Ashurst Perkins Coie in Washington, D.C., explains why compliance teams must be involved at strategic and product level and where to expect new risks to emerge.
Top Stories
Posted inWhistleblowers
What does retaliation look like? Compliance officers, whistleblowers describe their experiences
Retaliation against whistleblowers is often thought to be a series of noticeable events. It starts with turning a previously positive workplace into a hostile one. Isolation is used like a weapon. Work assignments change dramatically.
Posted inTop Stories
Ag company pays $10M and overhauls compliance under DOJ agreement
A U.S. agricultural supply company will pay more than $10 million and make significant compliance upgrades under a deferred prosecution agreement (DPA) to settle a Department of Justice (DOJ) charge of bribing Mexican border officials. The DPA, signed by the Scoular Company, is the DOJ’s first in 2026 related to violations of the Foreign Corrupt […]
Posted inData Privacy
India’s data privacy rules entering enforcement phases, raising compliance stakes for U.S. financial firms
India’s Digital Personal Data Protection Act soft enforcement period will end in November. With more active enforcement to follow, financial institutions that failed to comply could face penalties of up to $26.2 million.
Posted inBest Practices
Brazil’s National Data Protection Authority: How regulators investigate and enforce its data protection law
In June of this year, Brazil’s National Data Protection Authority opened an administrative enforcement proceeding against Claro, one of the country’s largest telecom carriers, over the sharing of customer data with Serasa, the largest credit bureau in Latin America.
Posted inSanctions
U.S. continues to dominate sanctions penalties, but EU and U.K. penalties are increasing
Sanctions regimes in the U.S., U.K. and EU are evolving rapidly, causing continual changes, and the penalties for failure – civil and criminal – are potentially huge. Multiple inconsistent sanctions lists and increased focus on supply chains and third-party entities are making compliance for global organizations a full-time headache.
Posted inInsurance
Former Lloyd’s CEO breached code of conduct
The former CEO of Lloyd’s of London breached the insurance market’s compliance rules after his relationship with a fellow director was deemed to be so close that it created “a perceived conflict of interest.”
Posted inBest Practices
Practitioner lessons from Prudential Life of Japan’s scandal
Prudential Life Insurance’s scandal in Japan attracted limited attention in the West when it broke in January, but six months on, it has become one of the most consequential compliance failures seen this year.
Posted inRegulatory Enforcement
DOJ launches new trade fraud unit as task force tops $1 billion in recoveries
The DOJ announced the creation of a new unit dedicated to investigating and prosecuting criminal import, trade, and customs fraud.
Posted inSanctions
FCA calls out good and poor practices in sanctions reporting
Financial firms have made progress in preventing sanctions breaches, but serious gaps in governance and compliance remain, which are likely to result in keener regulatory scrutiny and potentially more penalties in the future, say experts.
