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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Aaron Nicodemus2023-11-06T23:09:00
A wave of enforcement actions from the Department of Justice (DOJ) related to national security concerns is imminent, according to experts.
Russia’s war in Ukraine, Israel’s war with Hamas, and other geopolitical events are causing a spike in sanctions levied by the United States, the United Kingdom, the European Union, and other countries. As a result, there are new sanctions nearly every month that firms must incorporate into their sanctions screening compliance programs.
Other areas of compliance feeling pressure include anti-money laundering (AML) and anti-bribery.
Christian Nauvel, deputy chief counsel for corporate enforcement in the DOJ’s National Security Division, said the agency’s focus on national security is “top of mind at the highest levels.”
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2024-03-04T18:21:00Z By Aaron Nicodemus
Aerospace giant Boeing will pay a $51 million civil penalty to the State Department to resolve alleged export control violations related to unauthorized transfers and retransfers of technical data to foreign-person employees and contractors.
2024-02-02T18:27:00Z By Jeff Dale
The Financial Crimes Enforcement Network issued an alert addressing the financing of Israeli extremist settler violence against Palestinians in the West Bank.
2023-12-05T16:00:00Z By Kyle Brasseur
Emerging technologies like automation and generative AI are on the radar as difference-makers for businesses serious about keeping pace with increasing regulatory scrutiny toward third-party due diligence and sanctions compliance, a survey conducted by Compliance Week and Certa found.
2024-07-26T19:18:00Z By Jeff Dale
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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