All Regulatory Enforcement articles – Page 11
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ArticleSEC tabs New Jersey AG Gurbir Grewal as enforcement head
The SEC announced the appointment of New Jersey Attorney General Gurbir Grewal as director of its Enforcement Division. He is the second individual to be named to the position in three months after the first pick resigned.
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Article
Compliance lessons from Wood Group’s $177M global bribery settlement
John Wood Group reached a $177 million settlement with authorities in the United States, the United Kingdom, and Brazil, concluding legacy bribery and corruption investigations into Amec Foster Wheeler companies.
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Article
PwC audit facing scrutiny amid Greensill collapse fallout
Big Four firm PwC is under investigation for its audit of Wyelands Bank as part of a larger U.K. review linked to the recent collapse of Greensill Capital.
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Article
CCO charged in credit agency fraud scheme
The former chief compliance officer of New Jersey-based private fund Princeton Alternative Funding is facing SEC charges for his role in a scheme that allegedly duped investors of more than $73 million.
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Article
U.K. AML expert convicted of aiding money launderers
A U.K. money laundering prevention expert was found guilty of allowing criminals to use his company to launder the proceeds of an £850,000 (U.S. $1.2 million) investment fraud that resulted in dozens of victims being ripped off.
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Article
Ex-Goldman Sachs exec Asante Berko settles FCPA case
The SEC obtained final judgment against a former Goldman Sachs executive charged with violating the FCPA by orchestrating a bribery scheme to help a client win a power plant contract in the Republic of Ghana.
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Article
Guggenheim Securities fined $209K for allegedly stifling whistleblowers
New York-based broker-dealer Guggenheim Securities has agreed to pay a $208,912 civil penalty for violating SEC whistleblower protection rules regarding language in its compliance manual.
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Article
New tech, legal precedent forcing GDPR to evolve
Companies’ priorities regarding compliance with the GDPR are likely to become more focused because of a mixture of recent legal decisions and efforts by the European Commission to keep privacy rules in sync with changes in technology.
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Article
Daniel Kahn replaces Robert Zink at DOJ’s Criminal Division
The Department of Justice has named Daniel Kahn acting deputy assistant attorney general at its Criminal Division as it prepares to welcome a new, permanent director.
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Article
Ex-Deutsche Bank traders imprisoned for ‘spoofing’ roles
James Vorley and Cedric Chanu, former precious metals traders at Deutsche Bank, were each sentenced to one year and one day in prison for their respective roles in a scheme to manipulate the precious metals markets with fraudulent trades.
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Article
Distinction between CCO and company key to any liability framework
Despite best effort, a chief compliance officer has a lot to lose when his or her company faces enforcement. Acknowledging this as part of any potential CCO liability framework will be important to its success.
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Article
CJEU ruling opens Facebook, others to greater GDPR liability
The EU’s top court ruled any of the bloc’s national data protection authorities can pursue a privacy complaint against Facebook or any other Big Tech firm and not just the supervisory authority where the company has its European headquarters.
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Article
Lina Khan’s rise to FTC chair suggests aggressive antitrust enforcement
Lina Khan’s elevation to chair of the FTC on the same day her nomination was confirmed by the Senate signals the Biden administration’s intention to aggressively address antitrust issues.
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Article
First American Financial settles SEC charges for cyber-security failures
First American Financial Corp. reached a $487,616 settlement with the SEC for failing to maintain cyber-security disclosure controls and procedures that exposed more than 800 million title insurance records containing sensitive customer information.
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Reported Amazon fine ($425M) ‘biggest test’ of GDPR enforcement yet
Amazon reportedly faces a fine of more than $425 million under the GDPR that would show EU regulators firmly have Big Tech companies—and their practices—in their crosshairs.
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Article
SEC probing GameStop, others over ‘meme stocks’ craze
Video game retailer GameStop, whose market volatility earlier this year led the so-called “meme stocks” craze, disclosed it is cooperating with an investigation launched by the Securities and Exchange Commission.
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Webcast
CPE Webcast: Managing policy updates in a sea of regulatory change
Updating corporate policies to correspond with an ever-changing, ever-growing list of regulations is putting pressure on already stretched corporate compliance functions. And the flood of new regulations will likely only increase going forward. Will you be able to keep up?
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Article
What might an overhauled PCAOB look to accomplish?
With no requirements for the PCAOB to feature a certain number of members from each political party, the SEC has the chance to staff the organization with a decidedly Democratic majority. What might such a Board set out to change?
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Webcast
CPE Webcast: Riding the waves of regulatory change
With a constant influx of new and changing regulatory requirements with increased scrutiny and enforcement, organizations can quickly fall behind and be drawn into a churn of reactive activities that distract from business objectives and use up valuable resources.
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Article
Australia’s NAB cited for ‘serious and ongoing non-compliance’ with AML laws
Australia’s financial regulator has identified “serious concerns” with National Australia Bank’s compliance with anti-money laundering and counter-terrorism financing rules but indicated it won’t fine the bank—for now.
