- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Kyle Brasseur2023-07-18T19:43:00
The head of the Criminal Division at the Department of Justice (DOJ) is set to depart the agency after a tenure highlighted by multiple policy changes intended to empower corporate chief compliance officers.
Assistant Attorney General Kenneth Polite Jr. will step down by the end of the month, a spokesman for the DOJ confirmed. Multiple media outlets, including the Wall Street Journal, reported the impending departure of Polite for a planned return to a legal career.
Polite formerly worked at Morgan Lewis prior to joining the DOJ in 2021.
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Sidley Austin announced the appointment of Kenneth Polite Jr., former head of the Department of Justice’s Criminal Division, as a partner and co-lead of the law firm’s white-collar government litigation and investigations practice.
The Department of Justice has seen an uptick in self-reported potential misconduct by corporations since it increased incentives for voluntary disclosure, according to Assistant Attorney General Kenneth Polite Jr.
Glenn Leon, head of the Department of Justice’s Fraud Section, said “compliance is a very big area of focus” for the agency, during a fireside chat at Compliance Week’s 2023 National Conference.
The Consumer Financial Protection Bureau has issued a proposed rule aimed at protecting the privacy of the public when using novel digital payment systems, such as those offered by large technology platforms and video gaming companies.
Banks and other lenders will be prohibited from using medical debt information in credit reports, under a new rule finalized by the Consumer Financial Protection Bureau, the agency said.
New rules on cyber risk management across the EU put execs firmly in the crosshairs for noncompliance and are likely to apply to a wider range of organizations than many business leaders may initially think. However, there are also concerns that the rules may become muddled across the wide bloc. ...
