All Regulatory Enforcement articles – Page 123
-
Blog
A look at the Justice Department’s new ‘China Initiative’
The Department of Justice on Nov. 1 announced the creation of a new “China Initiative,” aiming to identify priority Chinese trade theft cases and bring them to an appropriate conclusion quickly and effectively and making the global enforcement landscape all the more challenging for multinational companies.
-
ArticleCases that make one wonder about the intent of enforcement
A close look at FCPA investigations into Danske Bank, Goldman Sachs, and Walmart prompt more questions than answers.
-
ArticleCounterpoint: States should steer data privacy law
Common Sense Media Founder and CEO James Steyer lays out the three key reasons why individual state privacy laws would trump a federal mandate.
-
ArticleThree unintended consequences of data privacy rules
Some will argue a strict data privacy regime will have a negative effect on growing companies, create conflicting requirements in other instances, and potentially cause impediments to corporate investigations. We explore all three.
-
ArticlePoint: Protecting privacy should be federal government’s job
Cameron F. Kerry, senior counsel at Sidley Austin, explains how a federal data privacy law could represent a win for business, privacy advocates, and consumers.
-
ArticleWhat federal data privacy legislation might look like, and how you can prepare
Components from preexisting privacy laws are likely to compose a significant portion of the parameters into which a federal privacy mandate would fit, writes our guest columnist.
-
ArticleTech companies push for national privacy framework
Commonalities among tech companies, when it comes to U.S. data privacy legislation, include a single-standard approach, elevating the FTC, and mandating a risk-based methodology.
-
ArticleSpecial report: Data privacy
International and domestic legislators and regulators threaten an end of the self-regulation of consumer data.
-
Blog
SEC names Kurt Gottschall director of Denver office
The Securities and Exchange Commission named veteran staffer Kurt L. Gottschall director of the Denver regional office, where he will lead a staff of more than 100 enforcement agents.
-
Blog
SEC Whisteblower Office has recordbreaking year
Fiscal year 2018 marked a historic year for the Securities and Exchange Commission’s Whistleblower Program both in terms of the dollar amount of whistleblower rewards the agency doled out and the number of tips received, according to the SEC annual report to Congress.
-
Blog
Société Générale to pay $1.34B for economic sanctions violations
Société Générale has been slapped with a $1.34 billion criminal penalty for conspiring to violate the Trading with the Enemy Act and the Cuban Asset Control Regulations, representing the second largest penalty ever imposed on a financial institution for violations of U.S. economic sanctions.
-
Blog
Nissan Chairman Carlos Ghosn arrested for financial misconduct
Japanese automaker Nissan has dismissed Carlos Ghosn from his chairman role, following his arrest by prosecutors in Japan for engaging in financial misconduct.
-
Article
How election results will impact regulation for next two years
America voted on Tuesday. Now corporate America and its regulators need to see what it all means.
-
Blog
UBS faces civil complaint for fraud in the sale of residential mortgage-backed securities
The Department of Justice announced that a civil complaint has been filed against UBS and several of its U.S. affiliates, alleging that UBS defrauded investors throughout the United States and the world in connection with its sale of residential mortgage-backed securities from 2006 through 2007.
-
Blog
Commissioner Peirce: the meaningless of enforcement numbers and penalty amounts
The SEC’s Enforcement Division issued its annual report this month, highlighting the Division’s activities in fiscal year 2018 from both a qualitative and quantitative perspective. Focusing on enforcement numbers and penalty amounts alone is meaningless, SEC Commissioner Hester Peirce said in recent remarks.
-
Blog
Goldman Sachs offers details of 1MDB probe
Goldman Sachs disclosed has received subpoenas and requests for documents and information from various governmental and regulatory bodies and self-regulatory organizations as part of investigations and reviews relating to financing transactions and other matters involving 1MDB, Malaysian government’s sovereign wealth fund.
-
Blog
MoneyGram to forfeit $125M for AML compliance lapses; DPA extended
MoneyGram on Nov. 8 entered into agreements with the U.S. Department of Justice and the Federal Trade Commission concerning previously disclosed compliance failures that resulted in a widespread money-laundering fraud scheme.
-
Blog
Citibank to pay $38.7M for improper handling of ADRs
Citibank has agreed to pay $38.7 million to settle charges of improper handling of “pre-released” American Depositary Receipts, the Securities and Exchange Commission announced on Nov. 7.
-
Blog
FinCEN advisor charged with leaking SARs to media
A senior advisor at the Financial Crimes Enforcement Network has been arrested and charged with leaking agency data to a reporter.
-
Blog
Capital One pays $100M for AML compliance deficiencies
The Office of the Comptroller of the Currency has assessed a $100 million civil money penalty against Capital One and Capital One Bank for deficiencies in the financial concern’s Bank Secrecy Act/Anti-Money Laundering program.