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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Weed Compromise Moves DOJ Nominees

penalties

Compliance officers curious about Justice Department enforcement policy, take note: the Trump Administration and an influential senator have cleared the way for more than a dozen Justice Department nominees proceed through Senate confirmation after months of delays. Colorado Sen. Cory Gardner said Friday that he wrangled a promise from President Trump not to crack down…

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DOJ Expands FCPA Pilot Program

fcpa

The Justice Department is going to expand the benefits of the FCPA Pilot Program and make those benefits permanent policy, in a sweeping gesture to entice more corporations to confess possible FCPA violations and then cooperate in investigating them. Most important detail: from now on, if your company discloses an FCPA violation and meets the…

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Corporate Plea Bargains Under Fire Again

penalties

Any time a federal judge begins a ruling with the words, “Let’s see if I’ve got this straight,” you know you’re in for something special. Last week, district court judge William Young did not disappoint. With that opening sentence, Young, a veteran and respected judge in Boston, delivered a 24-page broadside against the Justice Department’s…

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DOJ Penalty Policy Under Review

cftc

The Justice Department is reconsidering how it imposes monetary penalties for corporate misconduct, so that parallel investigations happening with other regulators don’t pile on the pain unnecessarily, the deputy attorney general said Wednesday. Deputy AG Rod Rosenstein made those remarks during a wide-ranging speech in New York. He also said he hopes to avoid putting…

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Future of the ‘Effectiveness Questions’

The other day a compliance officer asked me an interesting question: What’s going to happen to the Justice Department’s guidelines for evaluating the effectiveness of compliance programs? After all, the Trump Administration talks all the time about streamlining regulation. Deputy attorney general Rod Rosenstein has given a series of speeches this fall promising reviews of…

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Another Vague FCPA Enforcement Action

fcpa

The good news for compliance officers, as you may have already heard, is that we have another FCPA enforcement action under the Trump Administration— and yet again it’s a decision not to prosecute, because the company in question met all the criteria of the FCPA Pilot Program. The company is CDM Smith, a privately held…

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At Last! Chen Talks Compliance

The Hui Chen hit parade continues! Today the corporate compliance community can, finally, hear her thoughts on the one subject Chen hasn’t yet discussed publicly: the actual love and care of corporate compliance programs. I spoke with Chen earlier this week, and you may already know her backstory. She was hired in October 2015 as…

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Hui Chen Breaks Silence on DoJ Exit

Hui Chen

Hui Chen, the Justice Department’s now-former compliance counsel who raised eyebrows with her social media jabs at the Trump Administration, finally spoke over the weekend, saying she left her job because “holding companies to standards that our current administration is not living up to was creating a cognitive dissonance that I could not overcome.” Chen…

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McFadden Eyeing DOJ Exit, Too

Trevor McFadden

The Justice Department’s top official to oversee FCPA enforcement was nominated this week to serve as a federal district judge in Virginia, yet another departure from the executive branch leaving corporate compliance officers wondering who is in charge over there. The Trump Administration nominated Trevor McFadden earlier this week to the federal district of Virginia. McFadden…

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