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’s Cyber-Rule Enforcement a Prime Worry for Compliance

EU Passes World’s First Comprehensive AI Law

DoJ Secures $2.7 Billion Through False Claim Act Actions In 2023

FCA Announces Its Pledge to Enhance Efficiency in Enforcing Cases.

Boeing Pays U.S Department of State $51 million for Export Violations