News
The Biden Administration & Compliance
Well, thank the Lord this is ending. The Trump Administration has given the United States (and the world) four years of ignorance, incompetence, immorality, greed, divisiveness, and corruption. President Trump has been a singular menace to this country and the American experiment; and also to corporations that have struggled to navigate the cultural divisions Trump…
Read MoreCompliance Jobs Report: Nov. 6
This week’s Compliance Jobs Report is another big one: news from Citigroup, UniCredit, New York University, Smucker’s, Philip Morris International, and many more. If you’re looking to drink beer on semi-tropical islands, we have a job lead for you; and our Meme of the Week goes out to everyone sick of election news. As always,…
Read MoreWells Fargo, You Sneaky Jerks!
We have an update on the billions and billions that Wells Fargo has been spending to rectify its many compliance woes — that, sadly, the bank has adjusted its line-item reporting so we can’t get a good estimate on its spending any more. You might recall that earlier this summer, CEO Charlie Scharf lamented that…
Read MoreCritical Audit Matters: Are CAMs a Snoozer?
The Public Company Accounting Oversight Board just published three reports on the implementation of critical audit matters, all suggesting that the inclusion of “CAMs” in an audit report simply isn’t that big a deal. The research, published with little fanfare last week, found no strong evidence that CAMs drive up audit fees or delay the…
Read MoreCompliance Jobs Report: Oct. 30
Our Compliance Jobs Report for Halloween has personnel news from VF Corp., ServiceNow, AbbVie, American Outdoor Brands and more. Also a flock of career milestones to note; one big compliance software vendor has acquired a smaller one; and we have job openings to note in education, research, and more education and research. As always, thank…
Read MoreLiquor Case Gins Up FCPA Lessons
Here’s something you don’t see every day: the Justice Department hit spirits manufacturer Beam Suntory with a $19.5 million fine on Tuesday for a bribery scheme in India — where the company got an extra punch in the pocketbook for failure to cooperate fully or to coordinate the Justice Department FCPA investigation with a separate…
Read MoreCompliance Jobs Report: Oct. 23
The Compliance Jobs Report this week has new compliance chiefs at Google and Hormel Foods; a slew of promotions; and several work milestones to note. We have job openings in healthcare, data analytics, and storage space — and our Meme of the Week goes out to Borat! As always, thank you to all the compliance…
Read MoreGoldman Sachs’ Giant FCPA Deal
All right compliance professionals, it’s here: Goldman Sachs has agreed to pay $4.3 billion to settle corruption charges for its role in the 1MDB scandal — making Wall Street’s premier investment bank responsible for the largest criminal penalty in FCPA history. U.S. regulators announced the news today, although rumors of a settlement had been swirling…
Read MoreJBS, Internal Controls, and the FCPA
Meat-processing giant JBS has agreed to pay $283.3 million to settle a brazen FCPA bribery scheme, with fascinating lessons for the compliance professional if you can endure the headache-inducing facts of the case. The Justice Department and the Securities & Exchange Commission announced the settlement Wednesday. JBS’ parent company J&F Investments, headquartered in Brazil, pleaded…
Read MoreCompliance Jobs Report: Oct. 16
A rather gossipy Compliance Jobs Report this week! We have news from the cryptocurrency world, a promotion at University of Wisconsin, and yet another compliance professional tapped to serve on a corporate board. Numerous work anniversaries to note, and job openings from tech to engineering to auto parts. Plus our Meme of the Week. As…
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