At Tuesday’s “SEC Speaks” conference from PLI, SEC Chair Gary Gensler and Commissioners Allison Herren Lee, Elad Roisman, and Caroline Crenshaw all delivered remarks on different topics. Gensler discussed the use of predictive digital analytics in finance, Lee examined the explosive growth of the private markets and proposed to address Read More
The University of Colorado Denver Business School has named Kellye Gordon, vice president of ethics & compliance and legal operations at apparel company VF Corp., as the 2021 “Bill Daniels Ethical Leader of the Year.” Gordon “designs creative ways to help VF employees understand how to follow complex compliance requirements Read More
British Bank National Westminster announced yesterday that it has pleaded guilty to breaching the United Kingdom’s anti-money laundering (AML) laws and will face criminal prosecution and large fines. The bank entered a not guilty plea in a London court on Thursday to three counts of failing to adequately monitor customer Read More
The U.S. Department of Justice announced a new initiative last week to hold federal contractors responsible if they fail to report data breaches. The plan is to charge such contractors with violating the False Claims Act if they neglect to follow federal standards that require the reporting of cyber-attacks. The Read More
Three pharmaceutical companies, Taro Pharmaceuticals USA, Sandoz, and Apotex, have agreed to pay a total of $447 million to resolve charges of price fixing and violating the False Claims Act, according to a statement by the U.S. Justice Department. The DoJ alleges that between 2013 and 2015, all three pharma Read More
Dallas-based luxury retailer Neiman Marcus Group says it is notifying 4.6 million of its online customers that they have been the victims of a data breach that occurred in May 2020, but is just now coming to light. In a statement, the company said the data breach involved customers’ names, Read More
Leveraging machine learning and advanced anomaly detection to address the overwhelming flood of digital communications data Since email first revolutionized the way professionals communicate with each other, the proliferation of faster and more sophisticated digital communication tools for powering business has only continued to expand. It’s well known that companies Read More
London-based WPP plc, the world’s largest advertising group, has agreed to settle bribery charges with the Securities and Exchange Commission. The company will pay more than $19 million to resolve allegations that it violated the anti-bribery, books and records, and internal accounting controls provisions of the Foreign Corrupt Practices Act Read More
The Office of the Comptroller of the Currency issued a “cease and desist” order against MUFG Union Bank based in San Francisco for engaging in “unsafe or unsound practices regarding technology and operational risk management.” The regulator also took issue with what it called, “the bank’s noncompliance with the Interagency Read More
It won’t be long before the leaves are falling, pumpkin spice everything is here, and a crisp autumn breeze is in the air. For many, the start of fall is a time for back to school, back to work, and a refocusing of our efforts on our professional development. Summer Read More
