All articles by Jaclyn Jaeger – Page 34
-
ArticleStudy: Compliance officers in finance face ‘unnecessary risks’
Compliance officers in the financial services industry face “unnecessary risks” that undermine effectiveness and regulatory goals, according to a new report by the Compliance Committee of the New York City Bar Association.
-
ArticleConfronting ‘willful intent’ in third-party corruption cases
Even as companies continue to agree to multi-billion-dollar settlements related to the corrupt acts of third parties, managing the risks associated with them nevertheless eludes many compliance departments.
-
ArticleAirAsia on defense after Airbus-related bribery allegations
AirAsia is doing damage control after executives at the budget airline were referenced as recipients of a $50 million bribe from plane maker Airbus in the latter’s $4 billion global bribery settlement.
-
ArticleBoeing discloses SEC probe; toxic culture raises flags
Embattled aerospace giant Boeing is being investigated by the Securities and Exchange Commission, in addition to already facing scrutiny from the Department of Justice, following two plane crashes that happened less than five months apart.
-
ArticleKohler to pay ‘precedent-setting’ $20M over emissions violations
Kohler must pay a $20 million civil penalty in a settlement reached Thursday with the Department of Justice, Environmental Protection Agency, and state of California over alleged violations of the Clean Air Act and California law.
-
ArticleNBCUniversal fined $15.9M for EEA sales restrictions
NBCUniversal has been fined €14.3 million (U.S. $15.9 million) by the European Commission for restricting traders from selling licensed merchandise within the European Economic Area to territories and customers beyond those allocated to them, marking the latest case in a wider enforcement trend.
-
ArticleCompliance lessons from recent EEOC enforcement data
Recent enforcement and litigation statistics from the Equal Employment Opportunity Commission put the spotlight on where chief compliance officers should be focusing their efforts pertaining to workplace conduct issues.
-
ArticleEurope’s high court strikes blow to drug companies in ‘pay-for-delay’ case
The U.K. Competition and Markets Authority won a victory in a decision by Europe’s high court, ruling GlaxosmithKline’s entering of a financial deal with industry rivals to delay the generic version of its drugs violates EU competition law.
-
ArticleSEC, NSA issue new cyber-security guidance
Two new guidance documents, one from the SEC’s Office of Compliance Inspections and Examinations and another from the National Security Agency, aim to help companies improve their cyber-security efforts, including managing vulnerabilities in the cloud.
-
ArticleCFTC to adopt NIST Privacy Framework
The Commodity Futures Trading Commission will become the first federal agency to adopt the National Institute of Standards and Technology Privacy Framework, the agency has announced.
-
Article
Airbus announces resolution of global corruption case
Airbus confirmed it has reached a deal with authorities in the United States, the United Kingdom, and France to resolve long-running allegations of bribery and corruption. The settlement could reportedly be worth billions.
-
ArticleTI reveals political power correlation to corruption
Lack of campaign finance transparency and increased perceptions of political power among the wealthy are factors that correlate with a high risk of corruption according to Transparency International’s 2019 Corruption Perceptions Index.
-
Article
Respected compliance thought leader Robert Bostrom dies
Robert Bostrom, who was named chief legal and compliance officer and corporate secretary for Pier 1 Imports this time last year, has passed away.
-
ArticleEricsson discloses E&C enhancements since $1B FCPA settlement
Ericsson in a recent regulatory filing disclosed in more detail what improvements it has made to its ethics and compliance program following its $1 billion settlement with U.S. authorities last year concerning violations of the Foreign Corrupt Practices Act.
-
Article
Microsoft data leak points to industry-wide security vulnerabilities
Microsoft made headlines when it was discovered that nearly 250 million customer service and support records were exposed on the Web through several unsecured cloud servers. But that’s only a glimpse into wider cloud-security weaknesses throughout the industry.
-
ArticleEquifax must spend ‘a minimum of $1B’ for data security
A massive data breach that was “entirely preventable” will cost credit-reporting agency Equifax another $1 billion to beef up its cyber-security efforts.
-
ArticleSEC charges Hill International with accounting fraud
The SEC has brought charges against Hill International, its former chief accounting officer, and a former senior accountant for engaging in accounting fraud and disclosure violations at the construction management consulting firm.
-
ArticleNAVEX Global: Top 10 compliance trends for 2020
A recent Webinar, and complementary report, from NAVEX Global offers a look at the top 10 risk and compliance trends for 2020.
-
ArticlePoll: U.S. companies want to respond to proxy advisor voting recommendations
According to a Willis Towers Watson survey, the majority of U.S. publicly traded companies would not remain silent if given the opportunity by the SEC to respond to proxy advisor voting recommendations.
-
ArticleSEC bars former KPMG leader atop ‘chain of corruption’
The Securities and Exchange Commission has suspended a former KPMG leader from appearing or practicing before the SEC after he was convicted of a felony last year.