News & Analysis as of

Strict Compliance Enforcement Actions

Cozen O'Connor

Resolutions Highlight Aggressive Sanctions Enforcement, Need For Senior Level Commitment to Compliance

Cozen O'Connor on

On July 16, 2020, Essentra FZE Co. Ltd., a manufacturer of components for cigarettes located in the United Arab Emirates, agreed to a settlement with the U.S. Department of the Treasury’s Office of Foreign Assets Control...more

Wilson Sonsini Goodrich & Rosati

When “Voluntary” Does Not Mean Voluntary—Stricter Enforcement of Procedural Rules in UK Merger Control

With Brexit now just a few days away, deal makers are brushing up their knowledge of the UK's merger control regime. One notable feature of the system in the UK is the strict stance that the Competition and Markets Authority...more

Foodman CPAs & Advisors

Instituciones Financieras y el FCPA

La Ley de Prácticas Corruptas en el Extranjero (“Foreign Corrupt Practices Act – FCPA”) prohíbe el pago de sobornos a funcionarios extranjeros para ayudar a obtener o retener negocios.  Exige que las empresas cuyos valores se...more

Foodman CPAs & Advisors

Financial Institutions and the FCPA

The Foreign Corrupt Practices Act (FCPA) prohibits payment of bribes to foreign officials to assist with obtaining or retaining business.  It requires companies whose securities are listed in the US to maintain books and...more

Polsinelli

BitBlog Weekly Update

Polsinelli on

The Polsinelli BitBlog Weekly Update begins with the U.S. Securities and Exchange (“SEC”) settlement with an issuer of securities, who managed to both illegally offer securities, and create an unlicensed exchange to trade...more

Stinson - Corporate & Securities Law Blog

SEC Sanctions Issuer for Misrepresentations Regarding Loan Covenant Compliance

Omega Protein Corporation manufactured and distributed omega-3 fish oils and fish meal products. Omega financed its operations through federal government programs under Title XI of the Merchant Marine Act of 1936....more

Mitratech Holdings, Inc

Gaining Data Privacy Compliance When Regulations Have Global Reach

While GDPR has been active as a regulation since May 2018, the first fines have just started to hit companies for data breaches. Announced by the ICO on July 8 2019, they intend to fine British Airways £183.39 million for...more

Carlton Fields

DOJ Provides Even More Reason to Enhance (Or Create) Corporate Antitrust Compliance Programs

Carlton Fields on

While the Department of Justice's enforcement and policy priorities change from administration to administration, one priority has not, dating to the Clinton era: The DOJ's Antitrust Division loves to prosecute price-fixing...more

Troutman Pepper

New Compliance Challenges Arise as Prosecutors Pursue Novel Health Care Fraud Theories

Troutman Pepper on

On April 9, after four days of deliberations, a jury returned guilty verdicts for seven defendants in United States v. Beauchamp, No. 16-cr-00516-D (N.D. Tex. 2016). ...more

Ballard Spahr LLP

FTC sends warning to subpoena and CID recipients

Ballard Spahr LLP on

The FTC is cautioning recipients of FTC subpoenas and civil investigative demands (CIDs) that these requests “are legally enforceable demands, and recipients of subpoenas or CIDs need to take their obligation to comply...more

Robins Kaplan LLP

When Does a Tweet Fall Afoul of Regulation FD

Robins Kaplan LLP on

On August 7, 2018, Tesla CEO Elon Musk used his personal Twitter account (@elonmusk) to propose a buyout of the company for $420 a share, stating that funding was secured....more

Hogan Lovells

Stay out of the penalty box: Important reminders about HSR Act compliance for officers and directors

Hogan Lovells on

A public company executive recently entered into a consent decree with the Federal Trade Commission (FTC) pursuant to which he agreed to pay US$609,810 in fines for acquiring additional voting shares in violation of the...more

Troutman Pepper

Revised DOJ Corporate Cooperation Policy Supports More Efficient Resolutions

Troutman Pepper on

On November 29, Deputy Attorney General Rod Rosenstein announced revisions to the Department of Justice’s policy on corporate cooperation in government investigations, which may make it easier for companies under...more

Foodman CPAs & Advisors

Banquero Irá a la Cárcel por FATCA

El 11 de Noviembre del 2018, el Departamento de Justicia de los EE. UU. (“DOJ”) informó que el banquero Adrian Baron, el ex Director de Negocios y ex Director Ejecutivo de Loyal Bank Ltd, un banco “off-shore” con oficinas en...more

Foodman CPAs & Advisors

Banker will go to jail over FATCA

On September 11, 2018, the US Department of Justice (DOJ) reported that banker Adrian Baron, the former Chief Business Officer and former Chief Executive Officer of Loyal Bank Ltd, an off-shore bank with offices in Budapest,...more

Kramer Levin Naftalis & Frankel LLP

Funds Talk: March 2017

OCIE Highlights Frequent Topics for Compliance Deficiencies for Investment Advisers - On Feb. 7, 2017, the Securities and Exchange Commission’s (SEC’s) Office of Compliance Inspections and Examinations (“OCIE”) published...more

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