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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Aaron Nicodemus2023-02-17T18:58:00
An official from the Department of Justice (DOJ) spoke to the value of deferred prosecution agreements (DPAs) to resolve corporate misconduct amid renewed criticism directed toward the agency’s 2021 agreement with Boeing.
Lisa Miller, deputy assistant attorney general in the DOJ’s Criminal Division, said during a speech delivered Thursday to the University of Southern California Gould School of Law the agency’s corporate enforcement policies and enforcement actions “transparently focus upon incentivizing companies to implement effective compliance programs, and for the same reason, reward voluntary self-disclosure, cooperation, and remediation of the causes of misconduct.”
Obligations corporations must fulfill to receive DPAs instead of guilty pleas include voluntarily disclosing misconduct to the Criminal Division; improving compliance programs; fully cooperating with DOJ investigators; certifications signed by the chief executive officer and chief compliance officer; and, when required, an independent compliance monitor.
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2023-03-16T20:21:00Z By Adrianne Appel
Sterling Bancorp pleaded guilty to falsifying securities statements prior to and following a 2017 initial public offering and will pay approximately $27.2 million in restitution, the Department of Justice announced.
2023-03-03T19:43:00Z By Aaron Nicodemus
The Department of Justice announced changes to its evaluation procedures for corporate compliance programs in criminal investigations, including monitoring off-channel messaging by employees, executive compensation programs, and how the agency selects compliance monitors.
2023-03-02T22:08:00Z By Aaron Nicodemus
Corporate resolutions involving the Department of Justice’s Criminal Division will now include a requirement the resolving company develop compliance-promoting criteria within its compensation and bonus system, according to Deputy Attorney General Lisa Monaco.
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RTX Corp., the parent company of Raytheon, disclosed in a public filing it has reserved $1.24 billion to resolve legacy legal matters with the Department of Justice, Securities and Exchange Commission, and Department of State.
2024-07-26T15:51:00Z By Aaron Nicodemus
The U.K. Financial Conduct Authority issued a fine of $4.5 million (3.5 million pounds) against a U.K.-based subsidiary of crypto platform Coinbase for providing services to high-risk customers in violation of FCA rules.
2024-07-26T13:36:00Z By Adrianne Appel
Admera Health agreed to pay more than $5.5 million to resolve allegations first brought by two whistleblowers that it paid kickbacks to third-party contractors, the Department of Justice said.
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