GOL Linhas Aéreas Inteligentes (GOL), Brazil’s second largest airline, must pay $41.5 million to resolve parallel bribery investigations by criminal and civil authorities in the United States and Brazil resulting from violations of the Foreign Corrupt Practices Act. GOL also entered a three-year deferred prosecution agreement (DPA) with the Department of Justice Read More
The Central Bank of Ireland (CBI) has fined Danske Bank 1.82 million euros (U.S.$1.82 million) for transaction monitoring failures relating to its anti-money laundering/countering the financing of terrorism (AML/CFT) policies, procedures, and controls. This is the first penalty the CBI has imposed on a financial institution that is incorporated and Read More
Cloud computing company, VMware, has been charged with violating revenue recognition accounting rules by shifting millions of dollars of revenue into future quarters to meet projections. It will pay an $8 million penalty and has consented to a cease-and-desist order for misleading investors by concealing the company’s slowing financial performance Read More
Wells Fargo will pay a total of $145 million in a settlement with the Department of Labor (DOL) to resolve allegations that Wells Fargo’s 401(k) plan overpaid for its own stock, the agency announced. In a settlement announced Sept. 12, Wells Fargo agreed to pay a $13.2 million penalty to Read More
Irish regulators have fined social networking platform Instagram 405 million euros (US$404 million) for failing to protect children’s personal data in violation of the EU’s General Data Protection Regulation (GDPR). As the Lead Supervisory Authority for Meta/Instagram, Ireland’s Data Protection Commission (DPC) began an investigation into Instagram in September 2020 Read More
A division of the U.S. Department of Labor has ordered Wells Fargo to pay $22 million to a former senior manager in its commercial banking segment after finding he was wrongfully terminated in violation of the Sarbanes-Oxley Act’s whistleblower protection provisions. After being terminated in 2019, the senior manager, who Read More
The Securities and Exchange Commission has charged two insurance executives and their Malta-based registered investment adviser, Standard Advisory Services Limited, for defrauding clients out of more than $75 million through undisclosed transactions that benefited themselves and their companies. In a statement, Osman Nawaz, Chief of the Division of Enforcement’s Complex Read More
Granite Construction will pay $12 million in a settlement with the Securities and Exchange Commission over financial reporting fraud charges after one of its former executives manipulated the company’s financial performance, the SEC announced. According to the SEC’s complaint, filed Aug. 25 in federal district court in the Northern District Read More
Sephora, a French multinational retail company, must pay $1.2 million in penalties and implement several compliance measures under a proposed settlement with the Office of the California Attorney General (AG) to resolve alleged violations of the California Consumer Privacy Act (CCPA). The California AG’s proposed settlement with Sephora is part Read More
A California county organized health system (COHS) and three California healthcare providers have agreed to pay a total of $70.7 million in three separate settlements over alleged violations of the False Claims Act (FCA) and the California False Claims Act (CFCA) concerning the submission of false claims to California’s Medicaid Read More
