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Posts Tagged ‘Justice Department’

New Guidance on Inability to Pay Penalties

inability

The Justice Department has published fresh guidance about how it will evaluate a company’s claims that it can’t afford to pay monetary penalties, for all you legal and compliance officers trying to convince everyone that your firm lives in the poorhouse.  Assistant attorney general Brian Benczkowski announced the new guidance Tuesday while giving a speech…

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DOJ Hints at New Enforcement Ideas

justice

The Justice Department is considering new approaches to handle companies that can’t pay monetary penalties as part of a corporate misconduct settlement; and is also warning securities and commodities traders to step up the data analytics they do to uncover market abuses. So said deputy assistant attorney general Matthew Miner during a speech he delivered…

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Facebook, Power, and Antitrust Issues

Compliance officers have a lot to consider about this week’s news that Facebook will pay $5.1 billion in penalties and implement a raft of procedures to improve its privacy compliance. Above all, however, consider this: the market didn’t care.  It didn’t. While we were all busy analyzing what Facebook’s settlements with the Federal Trade Commission…

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Next: New False Claims Act Guidance

justice

Another day, another piece of guidance from the Justice Department about corporate compliance programs — this time, explaining how companies might win cooperation credit when facing violations of the False Claims Act. The Civil Division of the Justice Department posted the guidance Tuesday afternoon. The the material hews closely to what the Criminal Division has…

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New Compliance Evaluation Guidelines

compliance

The Justice Department released Tuesday a fresh set of guidelines on how prosecutors should evaluate corporate compliance programs: a much longer document, with more narrative explanation about what the Justice Department considers important. Compliance professionals should prepare to obsess over it like last Sunday’s Game of Thrones episode. Assistant attorney general Brian Benczkowski unveiled the…

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$25M to End Cognizant FCPA Case

cognizant

IT outsourcing firm Cognizant Technologies agreed Friday to pay $25 million in disgorgement and penalties to settle FCPA charges related to bribery in India, while the company’s former president and top legal officer were indicted for their roles in orchestrating the scheme. The settlement included $19 million in disgorgement of ill-gotten profits, plus $6 million…

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More DOJ! New Cooperation Policy

law

More news from the Justice Department on corporations cooperating with criminal investigations: from now on, prosecutors will only insist that companies identify individuals “substantially” involved with the misconduct in question, rather than everyone involved. So says deputy attorney general Rod Rosenstein, who announced the new policy on Thursday at the annual FCPA Conference happening in…

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DOJ Plugs Cooperation, Compliance

justice

All eyes in the compliance community might be the annual FCPA Conference happening in Washington right now, but compliance professionals might also want to note a different speech given across town Wednesday by John Cronan, deputy assistant attorney general. Cronan popped up at a Practising Law Institute event to talk about companies cooperating with law…

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New DOJ Policy on Compliance Monitors

compliance monitors

The Justice Department dropped a bundle of new policies last Friday about evaluating compliance programs and corporate monitors, with potentially significant implications for corporate compliance officers and the programs you run. Brian Benczkowski, assistant attorney general for the Criminal Division, announced the news during a speech he delivered in New York on Friday. Always be…

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Compliance Jobs Report: July 6

Compliance jobs

Juicy stuff in the Compliance Jobs report this week! Michigan State has named an interim compliance officer; Oklahoma University sacked its chief auditor. We have promotions at Juniper Networks and PayPal; departures from the Justice Department, Amazon, and Kemira, and more news beyond that! Plus our compliance Meme of the Week goes out to Johnny…

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