Per diems abound. Since my first post in this series six months ago, I’ve been asked to help our clients with at least fifteen foreign government tenders or contracts that require the payment of per diems during testing or training visits.… Continue Reading
A strange thing occurred this month in the American political universe when a business organization wrote a letter to several key Congressmen advocating on behalf of a bill that would increase government oversight over companies.… Continue Reading
Regulators charged with enforcing anti-corruption, anti-money laundering, and economic sanctions laws and regulations have turned new attention to the real estate industry, and investigations and enforcement efforts span the globe.
Over recent years, U.S.… Continue Reading
Job Title: Associate Compliance Manager, Monitoring and Analytics
Location: Jersey City, New Jersey, United States
The Associate Compliance Manager will manage key portions of the Company’s Global Compliance function with special emphasis and focus on monitoring and analytics, however, will include various other responsibilities within Compliance, as needed (i.e.,… Continue Reading
The Commodity Futures Trading Commission (CFTC) filed a civil complaint Thursday in federal district court in New York City charging Deutsche Bank AG with failing to report any swap data for multiple asset classes for five days in April when a software update went wrong and crashed the system.… Continue Reading
When It Absolutely, Positively Has to Be Indicted Overnight: How to Prevent Future Debacles Like the FedEx Prosecution
Against the backdrop of years of unprecedented monetary penalties imposed through DOJ civil settlements and deferred prosecution agreements with financial institutions embroiled in the 2008 financial meltdown, the DOJ came under withering criticism for perceptibly treating scrutinized corporations simply as cash cows rather than addressing the actual criminal conduct of the corporations and their executives.… Continue Reading
Donna Boehme is widely credited with transforming the compliance profession into what is now known as Compliance 2.0. For that ten-year pioneering struggle and for creating models for global compliance programs, the SCCE’s 10-year anniversay award for dedicated service went to her as the “Lion of Compliance.”… Continue Reading
Health Net Inc. paid a $340,000 penalty Tuesday to the SEC for illegally using severance agreements that required outgoing employees to waive their ability to obtain monetary awards from the SEC’s whistleblower program.… Continue Reading
Corruption, we often hear, “undermines democratic institutions.” That’s a sterilized phrase. What does it really mean?
Start with a legitimately elected leader. If he’s weak and greedy — as many people are — he takes a few small bribes in return for helping cronies game the system.… Continue Reading
The UK Financial Conduct Authority issued a warning Monday about a cloned firm using Morgan Stanley’s name and London address to take money from victims.
The real firm is Morgan Stanley & Co Ltd.… Continue Reading
A Gabonese national who was allegedly paid $3.5 million for facilitation services in Africa by hedge fund Och-Ziff was arrested this week as part of an FCPA investigation.
Compliance officers are experiencing regulatory fatigue and overload in the face of ever-changing and growing regulations. How they deal with the onslaught depends upon their resources and risk profile, among other considerations.… Continue Reading