All Government articles – Page 5
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Blog
Maryland tabs first chief sustainability officer
Maryland Gov. Wes Moore announced the appointment of Meghan Conklin as the state’s first chief sustainability officer.
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News Brief
SEC lauds cooperators, whistleblowers in FY23 enforcement results
A big year for disgorgement helped the Securities and Exchange Commission to its second highest total of financial remedies ordered in a single year in fiscal year 2023.
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Blog
Millennium Challenge Corporation appoints general counsel
The Millennium Challenge Corporation, an independent government agency, announced the hiring of Peter Jaffe as vice president, general counsel and corporate secretary.
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News Brief
FCPA opinion tackles government-authorized payments
A new Foreign Corrupt Practices Act review by the Department of Justice offers an example of when stipends paid to foreign government personnel would not be considered a violation of the anti-bribery provisions of the law.
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Biden AI executive order tips hand on areas of regulation focus
It’s all hands on deck at the White House to put into motion the dozens of directives in President Joe Biden’s executive order on artificial intelligence, according to Nik Marda, chief of staff for the Technology Division in the Office of Science and Technology Policy.
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SEC’s Grewal calls for more self-policing in reflecting on FY23 cases
Businesses must step up their internal policing and do a better job of reporting violations to the Securities and Exchange Commission, according to Gurbir Grewal, director of the agency’s Enforcement Division.
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News Brief
Biden executive order aims to cut AI risk while boosting safe use
Companies that design powerful artificial intelligence systems must perform safety tests on the programs and share results with the U.S. government under a sweeping executive order intended to make AI safe while furthering robust innovation.
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News Brief
CFTC, French AMF reaffirm collaboration on market oversight
The Commodity Futures Trading Commission and France’s Autorité des marchés financiers signed a new agreement to continue collaboration regarding the supervision and oversight of firms that operate on a cross-border basis in the United States and France.
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News Brief
DOJ removes ‘acting’ from FCPA Unit chief’s title
The Department of Justice is sticking with David Fuhr as permanent head of its Foreign Corrupt Practices Act Unit.
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News Brief
Companies House set for ‘biggest shakeup’ under U.K. corporate transparency bill
The United Kingdom adopted the Economic Crime and Corporate Transparency Act, which aims to stem the flow of dirty money coming into the country through enhancements to government agency capabilities and law enforcement.
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Blog
EEOC swears in general counsel
The Equal Employment Opportunity Commission announced the swearing in of Karla Gilbride as general counsel.
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Blog
Michigan governor promotes CCO to deputy chief of staff
Michigan Gov. Gretchen Whitmer promoted Maria Martinez from chief compliance officer to deputy chief of staff on her executive team.
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News Brief
FinCEN rule proposal labels CVC mixing a primary money laundering concern
The Financial Crimes Enforcement Network might require financial institutions to implement new recordkeeping and reporting requirements regarding convertible virtual currency mixing under a proposed rule.
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News Brief
CFTC vows increased penalties for deterrence, repeat offenders
The Commodity Futures Trading Commission will consider increasing its enforcement penalties in certain cases to deter future violations of commodities law and punish repeat offenders.
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Second SEC commissioner stumps for CCO liability framework
SEC Commissioner Mark Uyeda called for the agency to establish a framework that would describe scenarios in which a chief compliance officer would be held liable for securities law violations made by their firm.
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News Brief
UAE joins pact with U.S. on cybersecurity cooperation
The United States and United Arab Emirates finalized an agreement to work together to safeguard the financial sector from cyberattacks.
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Opinion
Incentive policies suggest calm before storm at DOJ
All the carrots being offered by the Department of Justice in the past year—greater penalty reduction thresholds, relief related to compensation clawbacks, voluntary self-disclosure incentives—are part of a strategy to strengthen the enforcement stick when companies don’t cooperate.
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News Brief
SEC adopts shorter reporting deadlines for beneficial ownership
The Securities and Exchange Commission finalized its rule proposal to cut in half the timeline allowed for market participants to file initial beneficial ownership information with the agency.
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DOJ floats declinations as incentive under M&A self-disclosure safe harbor
The Department of Justice’s push to incentivize companies to voluntarily self-disclose potential misconduct reached its next stage in the form of a safe harbor policy regarding mergers and acquisitions.
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FinCEN crafting rule proposal for AML and sanctions whistleblower program
Andrea Gacki, the new director at the Financial Crimes Enforcement Network, said the agency is working to issue a notice of proposed rulemaking regarding the establishment of an anti-money laundering and sanctions whistleblower program.