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Regulatory Enforcement

Regulatory Enforcement

Enforcement Action Blog

OFAC takes action against ‘vast network’ of ‘Specially Designated Global Terrorists’

Jaclyn Jaeger | October 17, 2018

The U.S. Department of Treasury’s Office of Foreign Assets Control on Oct. 16 took action against a vast network of Iranian entities for providing financial support to the Basij Resistance Force, a paramilitary force that recruits, trains, and deploys child soldiers. 

Enforcement Action Blog

OFAC sanctions Iraq-based money services business

Jaclyn Jaeger | October 17, 2018

The U.S. Department of the Treasury’s Office of Foreign Assets Control imposed sanctions on Afaq Dubai, an Iraq-based money services business that has been moving money for the Islamic State of Iraq and Syria (ISIS). 

News Article

CFPB pitches choose-your-own disclosure

Joe Mont | October 15, 2018

The CFPB has proposed the creation of a regulatory “sandbox” for testing and approving new approaches to financial product disclosures.

Enforcement Action Blog

Criminal Division does an about-face on hiring a compliance counsel

Jaclyn Jaeger | October 15, 2018

The Department of Justice has scrapped its decision to hire another compliance counsel and instead announced a new, agency-wide approach to compliance oversight.

Enforcement Action Blog

A look at the new corporate monitorship policy

Jaclyn Jaeger | October 15, 2018

The Department of Justice on Oct. 11 issued revised guidance to establish standards, policies, and procedures for the selection of monitors in matters being handled by Criminal Division attorneys. The new guidance further refines the factors that go into the determination of whether a monitor is needed and clarifies and refines the monitor selection process.

Opinions

Google’s hidden breach could be regulatory tipping point

Joe Mont | October 9, 2018

A March data breach, kept under wraps until now, could spell regulatory trouble for Google and its tech brethren.

Enforcement Action Blog

U.S. judge extends term of ZTE monitor: Here’s why

Jaclyn Jaeger | October 5, 2018

A U.S. district court judge has extended for two more years the term of ZTE’s court-appointed compliance monitor after the telecommunications company violated a condition of its probation resulting from U.S. sanctions violations.

The Filing Cabinet Blog

Musk mocks SEC on Twitter

Joe Mont | October 5, 2018

Within days of reaching a settlement with the Securities and Exchange Commission over what it says was “false and misleading” information delivered to investors via Twitter, Tesla founder Elon Musk is back online and taunting the regulator.

Enforcement Action Blog

FTC: Four companies falsely claimed certification under EU-U.S. Privacy Shield

Jaclyn Jaeger | October 2, 2018

Four companies have agreed to settle allegations by the Federal Trade Commission that they falsely claimed certification under the EU-U.S. Privacy Shield framework and that two of these companies failed to abide by a key provision of the framework.

Enforcement Action Blog

AmerisourceBergen to pay $625M over illegally repackaged drugs

Jaclyn Jaeger | October 2, 2018

AmerisourceBergen and its subsidiaries have agreed to pay $625 million to resolve its civil liability to the United States under the False Claims Act for causing false claims for the drugs it repackaged to be submitted to federal health care programs.