All Regulatory Enforcement articles – Page 65
-
ArticleBritish American Tobacco reserves $545M for U.S. sanctions settlement
British American Tobacco disclosed it has set aside £450 million (U.S. $545 million) for the resolution of an investigation into apparent sanctions violations by two U.S. agencies.
-
ArticleWawa to pay states $8M for data security failures in 2019 breach
East Coast convenience store chain Wawa agreed to pay $8 million in a settlement with a coalition of seven attorneys general over its 2019 data breach that exposed the debit and credit card information of approximately 34 million payment cards.
-
ArticleVolkswagen fined $1.1M under GDPR for unauthorized data collection
Volkswagen has agreed to pay €1.1 million (U.S. $1.1 million) to resolve allegations of violating the General Data Protection Regulation when a camera on one of its test vehicles recorded nearby drivers without their knowledge.
-
ArticleCourt: RBS whistleblower should not receive award
A federal appeals court has denied the whistleblower claims of a former Royal Bank of Scotland employee seeking compensation for a tip he said generated more than $10 billion worth of settlements.
-
ArticleFRC finalizes $17.4M fine against KPMG for Carillion, Regenersis dishonesty
KPMG was fined £14.4 million (U.S. $17.4 million) and severely reprimanded for providing false and misleading information relating to its audits of construction company Carillion and software business Regenersis.
-
ArticleUber admits 2016 data breach cover-up in deal with DOJ
Ridesharing company Uber reached a nonprosecution agreement with the Department of Justice to resolve a criminal investigation into its 2016 data breach and subsequent cover-up.
-
ArticleSEC touts data analytics in launching 3 insider trading cases
The Securities and Exchange Commission utilized data analytics to detect suspicious trading activity and form the basis of three separate insider trading cases.
-
ArticleFormer Coinbase manager charged in first crypto insider trading case
The Department of Justice and Securities and Exchange Commission charged a former product manager at Coinbase with insider trading for allegedly passing on tips to his brother and friend regarding when certain cryptocurrency assets would be made available on the platform.
-
ArticleSFO accepts ‘sobering’ results of Unaoil, Serco case reviews
The U.K.’s Serious Fraud Office was criticized for its leadership, culture, and conduct in a report examining why the agency botched a key corruption case against Unaoil that has now seen three convictions overturned.
-
ArticleMidFirst Bank avoids penalty in OFAC resolution
MidFirst Bank will not pay a civil penalty after self-reporting to the Office of Foreign Assets Control apparent violations of weapons of mass destruction proliferator sanctions at the bank.
-
ArticleChinese regulator fines Didi $1.2B for data security violations
The Cyberspace Administration of China levied fines of more than ¥8 billion (U.S. $1.2 billion) against ridesharing platform Didi Global and ¥1 million (U.S. $148,000) against two company executives for violating the country’s data security regulations.
-
ArticleDear SEC: The compliance community wants to be a partner, not a target
Communication between the Securities and Exchange Commission and the compliance community is not happening as robustly as compliance practitioners would like. The result is compliance officers are more concerned than ever the agency will target them in an enforcement action.
-
ArticleHealth Insurance Innovations, ex-CEO to pay $12M to settle fraud charges
Health Insurance Innovations and its former CEO Gavin Stockwell will pay a total of more than $12 million to settle SEC charges of misrepresenting the robustness of the company’s compliance program and misleading investors about customer complaints.
-
ArticleBank of America reserves $200M for enforcement over banker personal device use
Bank of America has set aside $200 million in anticipation of an enforcement action related to unauthorized use of personal devices—an area in which U.S. regulators are cracking down.
-
ArticleAmerican Express to pay $430K for violations of sanctions against drug kingpin
A subsidiary of American Express agreed to pay $430,500 to settle charges its network processed 214 transactions on behalf of a Venezuelan drug kingpin who was designated on the U.S. sanctions list, according to the Office of Foreign Assets Control.
-
ArticleGrant Thornton UK to pay $1.6M over Sports Direct audit failings
Grant Thornton UK was fined a total of approximately £1.3 million (U.S. $1.6 million) by the Financial Reporting Council for failing to provide reasonable assurance during two separate audits at retailer Sports Direct International.
-
ArticleBank of America fined $225M for freezing unemployment benefits during pandemic
A pair of regulators slapped a total of $225 million in fines on Bank of America for failures related to unemployment benefit disbursements the bank made during the pandemic.
-
ArticleClearview AI fined third time for GDPR violations
The Hellenic Data Protection Authority in Greece fined controversial facial image aggregator Clearview AI a record €20 million (U.S. $19.9 million) for unlawfully processing the biometric data of Greek citizens.
-
ArticleFormer Herbalife exec fined $550K in FCPA case
Jerry Li, the former managing director of Herbalife’s China subsidiary, was ordered to pay approximately $550,000 to resolve charges brought by the SEC of violating the Foreign Corrupt Practices Act by bribing Chinese government officials over the course of a decade.
-
ArticleAerojet Rocketdyne to pay $9M in cybersecurity whistleblower case
Aerojet Rocketdyne has agreed to pay $9 million to resolve allegations raised by a whistleblower that the aerospace and defense manufacturer misled the federal government regarding its compliance with cybersecurity requirements in certain contracts.