Compliance

With the sentencing of Tony Hernandez, brother to Honduran President Juan Orlando Hernandez, the Southern District of New York and DOJ continue their work to dismantle a corrupt multinational drug trafficking network. Update: Former Honduran congressman Tony Hernández was sentenced...

Historic level of enforcement action during national health emergency continues March 26, 2021 – The Department of Justice announced an update today on criminal and civil enforcement efforts to combat COVID-19 related fraud, including schemes targeting the Paycheck Protection Program...

Colleges and universities, like every other type of organization, fall victim to wrongdoing. But unlike many other institutions, boards of trustees often fail to maintain mechanisms that can catch illegal activity before it is too late. Over the past decade,...

The CTA changes what constitutes beneficial ownership and establishes more robust automated data collection. In addition, it increases responsibilities and incentives for employees to blow the whistle on money-laundering activity. Fox Rothschild's Joshua Ashby and Kimberly Kwan discuss. With the...

We're facing a "Channel Explosion" these days, which means we're challenged to monitor more data streams than ever -- and we must do it in the new era of the hybrid workforce.  Technology can play a critical role here. Here's...

Washington D.C. (March 4, 2021) — The Securities and Exchange Commission today announced the creation of a Climate and ESG Task Force in the Division of Enforcement. The task force will be led by Kelly L. Gibson, the Acting Deputy...

OFAC has brought two enforcement actions against digital currency services providers in as many months – the latest, against BitPay, should spur companies to develop risk-based sanctions compliance programs. Michael Volkov discusses the violations. The Treasury Department’s Office of Foreign...

Based on research from Thomson Reuters, this report indicates there's a perception that the overall value of maintaining a compliant workforce has diminished, and that training has largely been reduced to a "check the box" activity. The research suggests that...

The SEC's updated MD&A rules will bring about key changes in financial disclosures, streamlining existing disclosure requirements. In adopting final amendments to Regulation S-K on November 19, 2020, the Securities and Exchange Commission (SEC) took additional steps to streamline disclosure...

The Corporate Transparency Act (CTA) will require millions of U.S. businesses to provide beneficial ownership information to the federal government. Foley Hoag’s Luciano Racco weighs in on who’s impacted, along with the regulation’s value for AML and sanctions compliance programs....

Corporate whistleblower tips are skyrocketing. In FY 2020, the SEC received over 6,900 whistleblower tips – the most ever for any year. More than 80% of those tips came from company employees who had previously raised red flags, which typically...

GRC pros know that culture and compliance are inexorably linked. COVID has thrown a wrench in corporate culture, though (along with everything else). Calvin London opines about why re-establishing a culture of compliance now may prove difficult. (Non)Compliance in 2020...