All articles by Jaclyn Jaeger – Page 65
-
Blog
Wells Fargo fined $1B by OCC, CFPB
The Office of the Comptroller of the Currency, in a coordinated action with the Consumer Financial Protection Bureau, assessed a total civil money penalty of $1 billion against Wells Fargo Bank for engaging in abusive lending practices concerning its auto loans.
-
Blog
Joint U.S.-U.K. statement warns of malicious cyber-activity by Russian government
The U.S. Department of Homeland Security, Federal Bureau of Investigation, and the U.K.’s National Cyber Security Centre released a joint Technical Alert concerning malicious cyber-activity carried out by the Russian government, marking the first time these the United States and Europe have issued joint advice to industry about how to ...
-
Blog
Cemex FCPA investigation widens
Cemex has disclosed in a securities filing that the U.S. Department of Justice has requested from it information regarding an ongoing Foreign Corrupt Practices Act investigation.
-
Blog
World Bank Group reaches settlement with Africa Railways Logistics
Africa Railways Logistics Limited has been debarred by the World Bank Group for two years after an employee attempted to improperly influence the customs and port clearance process for locomotives that were part of two investment projects by the International Finance Corporation (IFC), the private-sector arm of the World Bank ...
-
Article
Mitigating Brexit-related supply chain risk
A recent survey from NAVEX Global outlines the many hurdles that will need to be cleared by U.K. businesses as they prepare their supply chains for Brexit.
-
Article
With harassment reports rising, it’s important to respond the right way
Rising harassment reports in the wake of the #MeToo movement is highlighting best practices forn how compliance should react to these allegations.
-
Blog
Companies disagree on whether they must disclose too much information in annual reports
Companies disagree about whether the quantity of information contained in annual reports is a good or a bad thing, according to a poll of governance professionals conducted by the ICSA.
-
ArticleCindy Moehring: The catalyst for change
Cindy Moehring, Walmart’s head of compliance, runs a program as ambitious as Walmart itself, requiring diligence, innovation, relatability, and the courage to make hard calls.
-
ArticleBeware of ‘no-poach’ agreements
Informal non-solicitation agreements between companies to stifle bidding wars for top talent might easily violate anti-trust law.
-
Blog
Financial Conduct Authority 2018/19 business plan focuses on Brexit
The Financial Conduct Authority published its Business Plan for 2018/19, setting out its key priorities for the coming year, much of which reflects the resources needed to prepare for withdrawal from the European Union.
-
Blog
Mark Thompson named interim director of the SFO
The Attorney General’s Office announced that Mark Thompson, currently chief operating officer at the Serious Fraud Office, will be appointed SFO director on an interim basis pending the next permanent director becoming available.
-
Blog
SFO: AI powered ‘robo-lawyer’ enhances fight against economic crime
The U.K. Serious Fraud Office is making artificial intelligence available to all its new casework, speeding up the investigation process—and already other enforcement bodies around the world are looking to the SFO to share its experience with AI.
-
Blog
U.K. government gets tough on poor payment practices in procurement
Suppliers will be excluded from major government contracts if they cannot demonstrate fair and effective payment practices with their sub-contractors, under a package of tough new measures announced by the U.K. government.
-
Blog
Drug company investors set to vote on executive pay, drug prices
A handful of drug makers have lost their battle with investors who had submitted proposals seeking more information on the potential link between executive compensation packages and rising drug prices.
-
Blog
Council of Europe: Finland must boost anti-corruption efforts in central governments
In an evaluation report published last month, the Council of Europe’s Group of States against Corruption (GRECO) called for Finland to strengthen its systems to prevent and detect corrupt behaviour in central governments—including the top executive functions—and law enforcement agencies.
-
Blog
SEC obtains emergency freeze of $27M in stock sales of Longfin
The SEC has obtained a court order freezing more than $27 million in trading proceeds from allegedly illegal distributions and sales of restricted shares of cryptocurrency firm Longfin stock involving the company, its CEO, and three other affiliated individuals. The case is another example highlighting the difference between simply having ...
-
Blog
SEC charges medical device company with fraud
The Securities and Exchange Commission has charged a medical-device company and convicted felon and former NHL team owner Peter Pocklington with defrauding investors by hiding Pocklington’s recidivist history and by misappropriating investor funds.
-
Blog
SEC: Whistleblower collects $2.2M after first reporting to another federal agency
A former company insider whose tips helped the SEC open an investigation that led to an enforcement action was awarded more than $2.2 million. The whistleblower first reported the information to another federal agency and later provided the same information to the SEC.
-
Blog
Knorr, Wabtec must end ‘no-poach’ agreements
The Department of Justice reached a settlement with rail equipment suppliers Knorr-Bremse and Westinghouse Air Brake Technologies (Wabtec) to resolve allegations that these companies had for years maintained unlawful agreements not to compete for each other’s employees.
-
Blog
The importance of a transitional period in financial services
Financial Conduct Authority Chief Executive Andrew Bailey in a recent speech spoke about the importance of a transitional period for the financial services industry concerning Brexit. A key issue, he said, is the need for continuing authorisation for firms that are undertaking cross-border business between the United Kingdom.