A new year has meant some big changes for the Financial Industry Regulatory Authority, including several recent appointments, some new initiatives, and an update to the agency’s enforcement priorities.
The sudden removal of nearly 50 U.S. attorneys that served under the Obama administration is out of step with historical practice and sets the stage for an abrupt disruption to federal prosecution every time there is a new President.
CA, an information technology management software and services company, agreed to pay $45 million to resolve allegations under the False Claims Act that it made false statements and claims in the negotiation and administration of a General Services Administration contract, the Department of Justice announced.
Attorney General Jeff Sessions over the weekend asked 46 U.S. Attorneys General who served under the Obama administration to immediately—and suddenly—tender their resignations, including Preet Bharara as U.S. Attorney for the Southern District of New York. Bharara refused to resign, announcing he was fired.
The countdown begins for when the compliance community will soon find out the fate of the Pilot Program initiated last year by the Criminal Division’s Fraud section. Until then, “the program will continue in full force until we reach a final decision on those issues,” Acting Assistant Attorney General Kenneth Blanco has announced.
Telecommunications company ZTE has agreed to pay a record-high combined civil and criminal penalty of $1.19 billion, pending approval from the courts, for violating U.S. sanctions by sending U.S.-origin items to Iran.
An effective AML program is far more than just a written protocol; it is a blend of best practices put into effect every day throughout the organization. Here are five ways to make sure your AML program is running at peak efficiency.
The Wells Fargo fraudulent account scandal still resonates as one of the most prime examples where the continued fallout from a board’s failure in the area of oversight of risk management is working to damage the organization.
What did German Chancellor Angela Merkel know and when did she know it? A German parliamentary investigation seeks to uncover the truth about how much Merkel knew about diesel emissions standards and the VW case.