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

SEC Charges Four Companies With Misleading Cyber Disclosures

SEC Issues It’s List of 2025 Examination Prioriries

DoD Finalizes Cybersecurity Certification Program for Contractors

TD Bank to Pay $3B in Plea to Settle Money-Laundering Case

Justice Dept. Sues Visa over Accusations of Monopolizing Debt Markets