All Regulatory Enforcement articles – Page 138
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Blog
Compliance expertise on the board of directors
The recent corporate scandal at Wells Fargo highlights the need for boards of directors to have a committee devoted to compliance.
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Blog
Flying the (not so) friendly skies of United
United Airlines seems to be battling an internal cultural issue, as recent events suggest. The beleaguered airline is once again in the news—this time for forcing a paying passenger off a flight to make room for its own staff.
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Blog
Acquisitions, data privacy, and national security concerns
The attempted takeover of the U.S. company MoneyGram International Inc. by China-based Ant Financial Services raises regulatory concerns and questions.
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Blog
Toshiba—a culture of lies?
Shareholders react strongly to Toshiba's announcement of its intention to take a $9 billion loss for the year and the chapter 11 bankruptcy filing by Westinghouse Electric Co., a U.S. nuclear-plant builder 87-percent-owned by Toshiba.
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Blog
Conflict of Interest—the revolving door turns both ways
A look at the case of U.K. entity HS2, the taxpayer-owned company building Britain’s new high-speed rail line, which recently revoked a key contract amid allegations of conflicts of interest involving the U.S. engineering firm CH2M.
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Blog
Compliance insights from a massive trading loss
Kweku Adoboli is the former UBS trader who took positions that led the firm to sustain a $2.3 billion dollar loss—as he dryly noted, “for which I took responsibility in September 2011—and to my eventual imprisonment.” What are the cultural lessons for compliance?
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Blog
ZTE accused of sending U.S. products to Iran
ZTE, a multinational telecommunications equipment and systems company, pleaded guilty to Justice Department charges it was illegally shipping U.S.-origin items to Iran.
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Article
New leadership, new priorities for FINRA
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.
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Blog
CA to pay $45M in False Claims Act case
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.
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Blog
Trump administration ‘fired’ Preet Bharara
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.
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Blog
What’s to come of the Pilot Program?
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 ...
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Blog
ZTE to pay combined $1.19 billion for violating U.S. trade sanctions
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.
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Blog
Continued fallout at Wells Fargo leads to board scrutiny
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.
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Blog
Uber and corporate culture
Does a company have to behave ethically to succeed? Perhaps not, as the recent ethical failures of Uber suggest. The company could be in hot water over its Greyball program, designed to thwart sting operations intended to catch Uber violating any taxi terms of services regulations.
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Blog
German Chancellor questioned in VW scandal
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.
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Blog
Oliver Schmidt—not quite Sgt. Schultz
“I see nothing! I hear nothing! I know nothing!” seems to be the rallying cry of former head of emissions compliance in the U.S. for Volkswagen Oliver Schmidt, who claims during the VW scandal, “he was a minor player misled by company lawyers and information technology specialists.”
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Article
In an era of reduced regulation, let’s not forget corporate integrity
Just because companies might face fewer rules doesn’t mean they have any less obligation to behave with ethical integrity, writes Exiger’s Daniel Alonso.
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Blog
SEC issues new guidance on ‘robo-advisers’
The Securities and Exchange Commission this week published information and guidance for investors and the financial services industry on the fast-growing use of robo-advisers. Jaclyn Jaeger has more.
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Article
What U.S. companies are saying about U.S. trade policy
The Trump administration’s swift changes in trade policy are likely to complicate global trade management compliance for many businesses. Jaclyn Jaeger has more.
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Blog
SEC to host crowdfunding symposium
The Securities and Exchange Commission announced that it will host a crowdfunding symposium Feb. 28, covering research, challenges, opportunities, and the effects of securities-based crowdfunding on various market participants. Jaclyn Jaeger reports.