The Department of Justice (DOJ) has made a series of policy changes designed to curb corporate crime and encourage companies to self-disclose violations, cooperate with investigators, and remediate misconduct. Representatives of the agency say the new policies are aimed at empowering compliance professionals.
Scott Hulsey, partner at Barnes & Thornburg, former federal prosecutor, and former chief compliance officer at General Electric Energy Connections (now GE Vernova), discusses with Compliance Week how CCOs should respond to the DOJ’s recent changes and reestablished expectations.
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Sona Bedrossian, FlightHub Group’s general counsel and compliance officer, explains to Compliance Week how the online travel agency embeds compliance into its technology.
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.
The Department of Justice codified a new policy regarding the voluntary self-disclosure of corporate misconduct, following recent announcements on the updates by agency officials.
The Financial Crimes Enforcement Network announced a notice of proposed rulemaking to extend the deadline for companies created or registered in 2024 to file their initial beneficial ownership information reports.
The Securities and Exchange Commission adopted amendments to its rule covering fund names to ensure the regulation is appropriate to address new investment drivers, namely environmental, social, and governance matters.
The actions of companies like Amazon and new legislation passed in California prove it’s no longer a question of if companies will be required to disclose their greenhouse gas emissions—it’s a question of when, experts told attendees at CW’s virtual ESG Summit.
