All articles by Jaclyn Jaeger – Page 43
-
ArticleCFTC orders chief compliance officer to pay $150K for fraud
The CFTC has ordered a chief compliance officer to pay $150,000 for engaging in fraudulent acts and making false statements to a self-regulatory organization.
-
ArticleLabor Department enforcement action comes with compliance warning
Lloyd Industries has been ordered to pay $1 million in lost wages and punitive damages to two former employees who were fired in retaliation for their participation in a federal safety investigation, the Department of Labor announced.
-
ArticleEY analysis: Audit committees increasing their disclosures to shareholders
Audit committees continue to increase the amount of disclosures they are providing to shareholders across a wide variety of categories, according to a recent analysis conducted by EY.
-
Article
Fishy business: StarKist to pay $100M for tuna price fixing
StarKist must pay a criminal fine of $100 million, the statutory maximum, for its role in a conspiracy to fix prices for canned tuna sold in the United States.
-
Article
Ex-KPMG leader atop 'chain of corruption' gets a year and a day in jail
A former KPMG leader was sentenced to one year and one day in federal prison and three years of supervised release for his role in a scheme to subvert the regulatory inspection process.
-
Article
Merrill Lynch to pay $300K for failing to ‘promptly’ produce audit trail data
Merrill Lynch must pay a $300,000 civil monetary penalty for failing to promptly produce to the CFTC certain required records and, separately, failing to supervise its employees and agents.
-
Article
Google facing antitrust investigation by 50 attorneys general
Texas Attorney General Ken Paxton confirmed Monday that his office is leading an investigation by 50 attorneys general into technology giant Google for potential monopolistic business practices.
-
Article
OFAC amends Cuban Assets Control Regulations
The Treasury Department’s Office of Foreign Assets Control announced amendments to the Cuban Assets Control Regulations to further implement President Trump’s June 2017 National Security Presidential Memorandum.
-
Article
Odebrecht to make $50M in charitable contributions under settlement
Brazil-based construction and engineering company Odebrecht has committed to make $50 million in total charitable contributions as part of a settlement reached to resolve allegations of bribery.
-
Article
CFPB: First enforcement brought under international money transfer rule
The CFPB has brought its first enforcement action for violations of a rule that took effect in 2013 designed to protect consumers who electronically transfer money from the United States to other countries.
-
ArticleHow industries are responding to the escalating U.S.-China trade war
While the escalating tit-for-tat trade war and increasing tariff rate hikes between the U.S. and China cannot be controlled, proactive companies are learning to swing with the punches—from diversifying their supply chains to shifting their production lines elsewhere.
-
Article
Facebook faces multistate investigation for possible antitrust violations
The New York Attorney General’s office is leading a multistate investigation into social media giant Facebook for potential antitrust issues.
-
ArticleCompliance key to Walmart’s revised stance on firearms
Walmart is planning to offer to the rest of the retail industry a chance to peer at its compliance controls as part of its efforts to address firearm safety following two recent shootings in its stores.
-
ArticleGoogle, YouTube reach $170M ‘groundbreaking’ settlement for violating children’s privacy
Google and its subsidiary YouTube will pay $170 million to settle allegations that the video-sharing service illegally collected personal information from children without their parents’ consent.
-
ArticleFINMA publishes AML guidance on blockchain
The Swiss Financial Market Supervisory Authority has published new guidance on how it applies AML rules to the financial services providers it supervises in the area of blockchain technology.
-
Article
FIFA chief compliance officer joins DLA Piper
Global law firm DLA Piper announced that Edward Hanover, former chief compliance officer at FIFA, will join the firm’s litigation practice as a partner in Northern California based in its Silicon Valley office.
-
Article
SEC awards whistleblower $1.8M for 'extensive' assistance
The SEC awarded more than $1.8 million to a whistleblower whose information and assistance were “critically important” to the success of an enforcement action involving misconduct committed overseas.
-
ArticleJuniper settles FCPA case with SEC for $11.7M
Juniper Networks has reached an $11.7 million settlement with the SEC for violations of the Foreign Corrupt Practices Act concerning its sales practices in Russia and China.
-
ArticleSEC issues 9 compliance & disclosure interpretations for Inline XBRL
The SEC’s Division of Corporation Finance this month published nine new Compliance and Disclosure Interpretations relating to Inline XBRL rules, particularly concerning common questions around the exhibit index and cover page tagging.
-
ArticleNew FinCEN unit to focus on money laundering threats
FinCEN announced the launch of its newly created Global Investigations Division, with responsibility for targeting terrorist financing and money laundering threats, both domestically and internationally.