News
Compliance Jobs Report: Dec. 6
The Compliance Jobs Report this week has new hires at TD Bank, Western Union, Green Dot, BioNTech SE, Fidelity, and lots more. We have a bunch of promotions and workplace anniversaries to note too, and job leads are in consulting, higher ed, and drones. Meme of the Week goes out to Squid Games! Always remember…
Read MoreDouble Blast of FCPA News
Keep up, compliance officers! A subsidiary of global consulting giant McKinsey agreed today to pay $122.8 million to settle FCPA charges in South Africa; and the Justice Department says it might allow some companies currently under corporate integrity agreements to exit those agreements early. Those are very different news stories, so we’ll take each one…
Read MoreFTC Strikes Again on AI Controls
The Federal Trade Commission has dinged a California business for making misleading statements about the accuracy of facial-recognition technology that the company sells — yet another enforcement action over artificial intelligence that offers numerous lessons for corporate compliance and audit professionals. The company in question is IntelliVision Technologies, a subsidiary of Nice North America, which…
Read MoreCompliance Jobs Report: Nov. 29
What better way to spend Thanksgiving than by reading the Compliance Jobs Report? This week we have a departure at Johnson & Johnson, promotions at TD Bank and Lucid Motors, new hires at General Motors and Abu Dhabi Ports, and lots more. Job leads are in public utilities, manufacturing, and dentists; and don’t forget our…
Read MoreTwo Insurers Nailed on Data Breaches
Just in time for Thanksgiving, regulators in New York have served up a double helping of cybersecurity enforcement, against two large insurance firms that repeatedly failed to remediate known weaknesses in their IT systems that left customers’ personal data vulnerable to thieves. The New York attorney general and the Department of Financial Services announced their…
Read MoreCorporate Enforcement Policy Tweaked Again
The Justice Department is relaxing its approach to corporate criminal enforcement yet again, this time giving companies a bit more breathing room for what counts as “self-disclosure” and “significant profit” — all to further entice companies to step forward and admit legal violations, so that those violations can be resolved more quickly. Nicole Argentieri, deputy…
Read MoreUPS Fined $45M for Bad Goodwill Moves
The Securities and Exchange Commission has fined UPS $45 million for covering up a nearly $500 million goodwill impairment the company should have disclosed in a poorly performing business unit, until the company sprang the bad news on investors more than a year later — an astonishing lapse of internal control for such a large,…
Read MoreCompliance Jobs Report: Nov. 22
Another big Compliance Jobs Report! We have a departure from Intel, an arrival at Binance, and other personnel moves at Terex, American Express, BBVA, Xerox, Bally’s, and many more. Job leads this week are in real estate, healthcare, and banking; and Meme of the Week goes out to due diligence! Always remember that we need…
Read MoreBetting/Bitcoin Biz Settles FCPA Charges
Federal prosecutors have sanctioned a one-time Chinese online lottery business turned bitcoin mining operation for violations of the Foreign Corrupt Practices Act, where senior executives bribed Japanese lawmakers in the late 2010s to win permissions to open a casino there — and good lord, writing that sentence feels like hitting some sort of corruption risk…
Read MoreTrump Justice Dept. Comes Into View
Compliance officers have a few more clues this week about what the incoming Trump Administration might mean for corporate compliance programs, although we still have many questions still outstanding too. Today let’s take a fresh look at what we do know, what we still don’t, and what we could deduce about the gap between those…
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