January 10, 2023 - Compliance Chief 360

The independent knowledge source for Compliance Officers

Danfoss to Pay $4.4M for Sanctions Compliance Lapses

On January 10, 2023February 9, 2023 By Jaclyn Jaeger

Danfoss, a multinational Danish energy-efficiency solutions provider, has agreed to pay nearly $4.4 million in a settlement with the Office of Foreign Assets Control (OFAC) resulting from 225 violations of multiple OFAC sanctions programs, OFAC announced. According to OFAC, the violations occurred between November 2013 and August 2017, when Danfoss Read More

FTC Proposes to Ban Noncompetes

On January 10, 2023February 9, 2023 By Jaclyn Jaeger

The Federal Trade Commission has proposed a new rule that would ban employers from imposing noncompete clauses on employees. According to the FTC, 30 million U.S. employees are covered by noncompetes, and that stopping this practice could potentially increase wages by nearly $300 billion per year. “Noncompetes block workers from freely Read More

Day: January 10, 2023

Danfoss to Pay $4.4M for Sanctions Compliance Lapses

FTC Proposes to Ban Noncompetes

CFPB Sues Major Banks and Zelle Operator for Alleged Fraud

Court Invalidates Nasdaq Board Diversity Requirements

FTC Finalizes Rule that Aims to End Hidden ‘Junk Fees’

McKinsey To Pay $650 Million to DoJ for Advising Client in Criminal Conduct

McKinsey Unit to Pay $122 Million to Settle Bribery Charges