All articles by Jaclyn Jaeger – Page 89
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Blog
RICS fines Sweett Group £125,000 in bribery case
Following the outcome of a disciplinary panel, the Royal Institute of Chartered Surveyors (RICS) this month found that Sweett Group “did not at all times act with integrity” concerning a bribery case relating to its Middle East operations. Jaclyn Jaeger reports.
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Article
Free trade agreements create compliance headaches
Free trade agreements potentially offer significant cost savings to companies, but managed ineffectively they also pose huge compliance risk. Jaclyn Jaeger reports.
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Blog
Health Net to pay $340K for whistleblower ‘pretaliation’
The SEC reached a consent agreement with yet another company over allegations it violated securities laws for using severance agreements that required outgoing employees to waive their ability to obtain monetary awards from the Commission’s whistleblower program. Jaclyn Jaeger reports.
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BlogDeutsche Telekom to study its ethics and compliance culture
Deutsche Telekom is working to boost ethical behavior and foster a speak-up culture within the company to minimize compliance risks. Jaclyn Jaeger reports.
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Blog
Orthofix braces for SEC settlement in FCPA case
Orthofix International has recorded a charge of $4.6 million in the second quarter of 2016 to resolve potential FCPA charges with respect to its subsidiary in Brazil. Jaclyn Jaeger has more.
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Blog
SEC: Key Energy to pay $5 million in FCPA case
Key Energy Services will pay $5 million to the SEC in connection with a previously disclosed investigation into potential violations of the Foreign Corrupt Practices Act. Jaclyn Jaeger has more.
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ArticleJoel Katz: Walking the talk
Joel Katz’s legal acumen and communication skills have enabled him to build a robust compliance program that blends the hard facts of the law with the soft science of human nature.
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Blog
Grapevine: Who’s coming and going in compliance
LendingHome, a mortgage marketplace lender, has appointed Cynthia Chen as chief risk officer; Ball Corporation has elected two new board members; and Clear Channel Outdoor Americas has named a new general counsel; Check out the CW Grapevine for the latest personnel moves.
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Article
Canadian securities regulators disagree on whistleblower incentives
Following the Securities and Exchange Commission’s lead, Canadian securities regulators have launched two very different whistleblower programs—one provides a bounty, the other does not—which creates new legal risks for companies. Jaclyn Jaeger reports.
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Article
Australia brings first criminal cartel prosecution
As Australia gets serious about enforcing its antitrust regulations, multinationals operating in the country are learning the hard way that the line between being considered a monopoly and a criminal cartel is surprisingly thin. Jaclyn Jaeger has more.
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Blog
SEC loses chief of Market Intelligence office
The Securities and Exchange Commission is saying goodbye to its chief of Market Intelligence; Christopher Bub has been appointed as VP and chief accounting officer of ski resort operator Peak Resorts; and Waddell & Reed has a new chief risk officer for investments. Who else is coming and going—see more ...
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Blog
State Street to pay $382 million for foreign currency exchange fraud
State Street Bank and Trust Company has agreed to pay a total of $382.4 million to the United States to resolve allegations that it deceived some of its custody clients when providing them with indirect foreign currency exchange (FX) services. Jaclyn Jaeger reports.
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Blog
Business associate to pay $650K for HIPAA violation
The Department of Health and Human Services reached its first-ever enforcement action with a “business associate” of a HIPAA-covered entity. Compliance officers in the healthcare industry looking to minimize risk of future HIPAA violations will want to take a look at the resulting corrective action plan for lessons learned. Jaclyn ...
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Blog
EU watchdogs temporarily green-light Privacy Shield
European Union data protection authorities indicated in a recent statement that they will hold off for at least one year any new challenges to the EU-U.S. Privacy Shield. But legal challenges from others concerning its provisions could be on the horizon. Jaclyn Jaeger reports.
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BlogPanama Papers: Mossack Fonseca linked to offshore deals in Africa
A new round of investigations on the Panama Papers conducted by the International Consortium of Investigative Journalists (ICIJ) this week revealed that Panama-headquartered law firm Mossack Fonseca established offshore companies to own, hold, or do business with petroleum, natural gas, and mining operations in 44 of Africa’s 54 countries—many of ...
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Article
Second Circuit ruling gives legal backing to Yates Memo
At last, compliance officers have a legal decision to cheer about: A recent court case affirmed the ability of companies to fire executives who refuse to cooperate with internal investigations. This gives compliance departments a serious boost in authority, reports Jaclyn Jaeger.
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ArticleEU-U.S. Privacy Shield passes: Now what?
For any U.S. company that collects and handles data on EU citizens, the time to review privacy policies, practices and contracts with service providers and customers is now. Jaclyn Jaeger has more.
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Blog
LATAM Airlines resolves FCPA case for $22 million
LAN Airlines (now known as LATAM Airlines Group), a commercial airline company based in South America, has agreed to pay more than $22 million to settle parallel civil and criminal cases related to improper payments it authorized during a dispute between the airline and its union employees in Argentina. Jaclyn ...
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Blog
Grapevine: Who’s coming and going in compliance
Just five months after reaching a $795 million settlement with U.S. and Dutch prosecutors for paying bribes to a government official in Uzbekistan, Amsterdam-based VimpelCom has appointed a group chief compliance officer, as well as a “chief values and culture transformation officer,” a newly created role; and Dean Foods and ...
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Blog
Frank’s International launches bribery probe
Frank’s International, a Netherland’s-based oil and gas company, said in a filing with the SEC that it is conducting an internal investigation into operations of certain of its foreign subsidiaries in West Africa including possible violations of the U.S. Foreign Corrupt Practices Act, the company’s policies and other applicable laws. ...