A Wisconsin-based marketing digital and print services provider settled SEC charges that it violated the anti-bribery and books and records provisions of the Foreign Corrupt Practices Act
A bipartisan group of senators introduced a bill which would impose federal beneficial ownership reporting requirements
Financial Crimes Enforcement Network ("FinCEN") Director Kenneth A. Blanco urged financial institutions to help prevent the theft and abuse of personally identifiable information ("PII") by fraudsters
The Treasury Department proposed regulations (here and here) to implement last year's Foreign Investment Risk Review Modernization Act of 2018 ("FIRRMA").
Witnesses before the House Financial Services Committee Task Force (the "Task Force") on Artificial Intelligence provided testimony
With
Steven Lofchie
SEC Chair Jay Clayton criticized his foreign counterparts for their lack of anti-corruption enforcement, arguing that only through a collaborative global strategy on fighting offshore bribery will such efforts be successful.
Congressional lawmakers introduced a bill that would update the federal domestic bribery statute by prohibiting foreign officials from demanding corrupt payments.
SEC Commissioner Hester M. Peirce called for improved coordination among international financial regulators
With
Andrew Alin,
Joshua Apfelroth,
Jodi Avergun,
Keith Gerver
The national security implications of corporate deals involving foreign investors continues to be a headline-grabbing topic. Last summer
Facebook agreed to pay a $5 billion fine to the FTC and the DOJ to settle claims that the company engaged in deceptive business practices by failing to abide by a 2012 settlement order
Consumer credit reporting agency Equifax agreed to pay at least $650 million and possibly hundreds of millions more in fines and other costs as part of a global settlement with the FTC, the CFPB.
The Financial Crimes Enforcement Network ("FinCEN") issued an advisory and trend analysis alerting financial institutions to a recent surge in business email compromise ("BEC")
The New York State legislature passed the "Stop Hacks and Improve Electronic Data Security Act" (the "SHIELD Act") to enhance cybersecurity
A "Big Four" accounting firm paid $50 million to settle SEC charges for using stolen information to improve the firm's annual inspection results with the industry's watchdog agency.
An online retailer agreed to pay $65,000 in penalties and implement certain remedial data security policies in order to resolve a consumer data breach investigation conducted by the New York
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