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.

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.

The Association of Corporate Counsel, a global legal association representing more than 45,000 in-house counsel employed by over 10,000 organizations in 85 countries, has opened its first office in Brussels. It will serve as the nucleus of ACC in Europe, led by new managing director Giuseppe Marletta.

Argos Risk, a third-party risk intelligence solutions provider, announced its partnership with SAI Global on an integrated approach to vendor risk management.

The E3 has set up a special trade channel designed to allow companies in the European Union to circumvent U.S. sanctions in an effort to continue humanitarian trade with Iran.

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.

The SEC has issued new guidance regarding diversity disclosures. Meanwhile, newly proposed legislation would require public companies to annually disclose the gender, race, and veteran status of their board directors, nominees, and senior executive officers.

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.

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. 

Hilary Wandall, senior vice president, general counsel, and chief data governance officer at TrustArc, explains to columnist Tom Fox why U.S. companies should address data privacy now, regardless of their motivations.