All articles by Jaclyn Jaeger – Page 53
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Blog
U.K. supermarkets collaborate to embed responsible recruitment practices in their supply chains
U.K. supermarkets—including Aldi, Co-op, M&S, Sainsbury’s, Tesco, and Waitrose & Partners—have joined together as founding sponsors of the Responsible Recruitment Toolkit to offer expert, pragmatic support to their suppliers to help them achieve responsible recruitment in their supply chains.
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Blog
SFO names new general counsel
The U.K. Serious Fraud Office named Sara Lawson as its new general counsel, effective 1 May 2019. Lawson replaces Alun Milford, who left the post late last year for Kingsley Napley after six years with the SFO.
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Blog
TechnipFMC: $280M is ‘probable estimate’ in global bribery settlement
U.K.-based company TechnipFMC disclosed in a regulatory filing that it has set aside $280 million, which it says is a “probable estimate” of the aggregate settlement amount with U.S., Brazilian, and French authorities in a global bribery case.
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Blog
Federal Reserve Board permanently bars former JPMorgan employee
The Federal Reserve Board permanently barred from the banking industry a former managing director at a non-bank subsidiary of JPMorgan Chase in connection with the bank's referral hiring program.
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BlogHerbalife provides update on FCPA probe
Dietary supplement maker Herbalife in a regulatory filing provided an update on an ongoing investigation regarding the company’s compliance with the Foreign Corrupt Practices Act in China.
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Blog
SFO faces criticism for closing Rolls-Royce, GSK cases
The U.K. Serious Fraud Office closed two long-running bribery and corruption cases against Rolls-Royce and GlaxoSmithKline—a decision that casts further doubt around the effectiveness of the SFO’s investigatory powers and makes companies question the purpose of entering a deferred prosecution agreement at all.
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Article
1MDB scandal could result in pay cut for Goldman Sachs’ executives
Goldman Sachs disclosed in a recent quarterly filing that 2018 equity-based pay awards could be subject to clawbacks depending on the results of governmental and regulatory investigations relating to 1MDB.
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Blog
EBA investigation linked to AML activities at Danske Bank
The European Banking Authority is formally investigating a possible breach of Union law by the Financial Services Authorities of Estonia and Denmark in connection to the Danske Bank money-laundering scandal.
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Blog
McKinsey & Co. to pay $15M to remedy inadequate disclosures in bankruptcy cases
Global consulting firm McKinsey & Co. entered into a $15 million multidistrict settlement agreement with the Department of Justice’s U.S. Trustee Program to resolve disputes over the adequacy of McKinsey’s disclosures of connections in Chapter 11 bankruptcy cases.
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Blog
Cognizant to pay $25M to resolve FCPA violations
Cognizant Technology Solutions has agreed to pay a civil penalty of $25 million to settle charges that it violated the Foreign Corrupt Practices Act. Additionally, two former executives of Cognizant were charged for their roles in facilitating the payment of millions of dollars in a bribe to an Indian government ...
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BlogWilliam Barr sworn in as attorney general
The Senate on Feb. 14 confirmed William Barr as the 85th attorney general of the United States, succeeding Jeff Sessions, who stepped down in November.
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Blog
SEC charges former senior attorney at Apple with insider trading
The Securities and Exchange Commission today filed insider trading charges against a former senior attorney at Apple whose duties included executing the company’s insider trading compliance efforts.
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ArticleEU expands controversial AML country blacklist
The European Commission adopted its proposed new blacklist of countries that it has identified as having significant deficiencies in their anti-money laundering and counter-terrorist financing regimes.
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BlogReport: How to engage with investors on sustainability issues
A new report released by sustainability nonprofit organization Ceres provides a deeper look into investors’ evolving expectations on how companies should communicate and tackle the challenges and opportunities presented by global sustainability issues, including climate change, water scarcity, and human rights.
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Blog
Companies push back against proposed deposition rule
A proposed new change to the Federal Rules of Civil Procedure governing depositions that would effectively create time-consuming and costly new discovery disputes has companies and their defense counsel up in arms.
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ArticleUnderstanding NIST’s new Risk Management Framework
NIST’s new Risk Management Framework—used with the agency’s Cybersecurity Framework—offers companies direction in integrating cyber-security, privacy, and supply-chain risk management.
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ArticleNYDFS: Implementation deadline for cyber-security regulation approaching
The final implementation period for the New York Department of Financial Services’ landmark cyber-security regulation ends March 1, meaning that DFS-regulated entities and licensed persons covered by the regulation must be in full compliance by that time.
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BlogSFO: Former Petrofac executive pleads guilty in bribery case
A former executive of Petrofac pleaded guilty this week to bribery offenses in connection with an ongoing investigation by the U.K. Serious Fraud Office into the oilfield services company and its subsidiaries.
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Blog
New rules would make setting up a company in the EU easier
EU co-legislators agreed this week on new rules to facilitate establishing businesses electronically and promote online operations throughout a company’s lifecycle. The new rules aim to save companies time and money, while increasing safeguards against fraud and abusive behaviour through online identity checks.
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Blog
Court orders $1B judgment against operators of Woodbridge Ponzi scheme
A federal court in Florida has ordered Woodbridge Group of Companies and its former owner to pay $1 billion in penalties and disgorgement for operating a Ponzi scheme that targeted retail investors.