Episode 315 - Boeing Pays $51 Million for ITAR Violations
The UK Prudential Regulation Authority (PRA) has fined a former non-executive director of Wyelands Bank GBP72,000 for failing to act with due skill, care and diligence in connection with regulatory failings previously...more
Regulators with the Federal Reserve and the Office of the Comptroller of the Currency (“OCC”) have fined JP Morgan Chase & Co. a combined total of $348.2 million over the bank’s failure to monitor client trading activities...more
The U.S. Department of Labor (DOL) published its new immigration-related fines/penalties, effective January 15, 2024. Immigration-related violations before the DOL involve these visas: H-1B, H-2A, and H-2B. These increases...more
Less than two weeks after it last penalized a private employer for alleged violations of whistleblower protection rules in its employee separation agreements, the Security and Exchange Commission (“SEC”) once again takes aim...more
The Justice Department continues to push an aggressive agenda against businesses. It is committed to demonstrating its resolve to prosecute companies and individuals from the business community. Whether it is antitrust,...more
The German Federal Environment Agency (UBA) intends to fine Tesla in Germany millions of euros. The reason for this is Tesla’s apparent failure to comply with the applicable regulations on taking back and recycling batteries....more
The decision to appeal a regulatory finding is never taken lightly. By the time a regulator has completed its investigation and notified a company of its intention to fine, the company will have invested significant time and...more
The Dutch competition authority (“ACM“) recently confirmed that the obligation to cooperate fully with an inspection/during a dawn raid is of utmost importance and of great relevance to companies under investigation. On 10...more
On December 6, 2019, Telefonaktiebolaget LM Ericsson (Ericsson or the Company), resolved long-running investigations by the U.S. Department of Justice (DOJ) and the U.S. Securities and Exchange Commission (SEC) into the...more
Welcome to the 2020’s. The past decade helped shape both Foreign Corrupt Practices Act (FCPA) enforcement and corporate compliance programs. 2019 FCPA enforcements bore out many of the developments from the preceding years of...more
The Data Protection Supervisory Authority for the state of Berlin (Die Berliner Beauftragte für Datenschutz und Informationsfreiheit, “Supervisory Authority”) recently issued a fine for GDPR violations against Germany’s...more
Nine years ago today, on November 4, 2010, was Panalpina Settlement Day which made history for the single largest number of companies to simultaneously settle Foreign Corrupt Practices Act (FCPA)-related violations. It was...more
With corporate compliance and ethics now escalating to be a boardroom concern, and discussions around how to make organisations behave better are happening at the highest levels, what compliance lessons can all organisations...more
On June 13, 2019, a draft bill increasing fines for violations of Federal Law No. 242-FZ (Data Localization Law) was submitted to the State Duma (i.e., the lower house of the Federal Assembly). ...more
On Jan. 21, 2019, the French Data Protection Authority (CNIL) levied a 50 million euros sanction against Google LLC for violating the EU General Data Protection Regulation2 (GDPR) in the context of the first enforcement...more
Many companies have been struggling with GDPR implementation over the past two years, putting much effort into new roles, privacy concepts, and workflows. ...more
Mexico's National Supreme Court of Justice rendered a judgment declaring the unconstitutionality of specific language of Article 298, Section B, Subsection IV of the Telecommunications and Broadcasting Law. The legal precept...more
On January 21, 2019, the French data protection supervisory authority (“CNIL”) fined Google €50 million (approximately $57 million) for violating the European General Data Protection Regulation (“GDPR”). ...more
The U.K. Information Commissioner’s Office announced it will impose the maximum fine of $660,000 for Facebook’s breach of the U.K. Data Protection Act (see Notice of Intent). ...more
Late last week, the Financial Conduct Authority (“FCA”), the United Kingdom’s financial services regulator, imposed a $1.2 million (896,100 pound) fine on the UK division of India’s Canara Bank, an Indian state-owned bank,...more
A scary combination of rising bond yields (across the 3% Rubicon!) and a warning from Caterpillar (which called its expectation-beating performance for Q1 the “high watermark for the year”) helped propel stocks significantly...more