Compliance Week | News, Events & Thought Leadership for the …
Oct 9, 2024By Compliance Week. Compliance Week’s AI & Compliance Summit, held Oct. 8-9 at Boston University, gathered business leaders, academics, and government officials to discuss some of the biggest questions around AI, including business adoption standards, ethical guardrails, and its application in decision making.
All accounting fraud articles - Compliance Week
Jun 6, 2023 · Surgalign to pay $2M to settle accounting fraud charges. Aug 4, 2022. Medical implant manufacturer Surgalign will pay a $2 million penalty handed down by the SEC and recoup nearly $600,000 in incentive-based compensation from four senior executives who allegedly manipulated the company’s financial statements. Article.
AML - Compliance Week
Oct 11, 2024 · Premium TD Bank fined nearly $3.1B by U.S. regulators for AML compliance failures. 2024-10-11T13:44:00+01:00 By Aaron Nicodemus. TD Bank will pay nearly $3.1 billion in penalties to four U.S. regulators to settle charges that it “chose profits over compliance” when it allowed three money laundering networks to filter more than $670 million in dirty money …
Chinese regulators impose six-month ban, $62M fine on PwC’s …
Sep 16, 2024 · Chinese regulators impose six-month ban, $62M fine on PwC’s China unit. By Aaron Nicodemus Mon, Sep 16, 2024 12:45 PM. Chinese authorities banned PwC’s Chinese unit from performing audits in the country for six months, labeling the subsidiary’s flawed audit work as complicit in the failure of giant property developer Evergrande.
SEC penalizes seven firms $3M total for impeding whistleblower ...
Sep 9, 2024 · Seven public companies will pay a total of $3 million in fines for requiring employees to sign agreements containing provisions that impeded their ability to report misconduct to the Securities and Exchange Commission (SEC).
Digital Editions - Compliance Week
Oct 9, 2024 · TD Bank fined nearly $3.1B by U.S. regulators for AML compliance failures. TD Bank will pay nearly $3.1 billion in penalties to four U.S. regulators to settle charges that it “chose profits over compliance” when it allowed three money laundering networks to filter more than $670 million in dirty money through the company.
Are the qui tam provisions of the False Claims Act constitutional?
Oct 2, 2024 · A federal court in Florida has lashed out at federal whistleblower programs by dismissing a mundane False Claims Act case against a medical practice on the grounds that the qui tam provisions of the FCA are unconstitutional.. The ruling, handed down by U.S. District Court Judge Kathryn Kimball Mizelle for the Middle District of Florida, is just the latest attack …
Raytheon parent discloses indications of improper payments in …
Feb 8, 2024 · RTX Corp., parent company of aerospace and defense giant Raytheon, disclosed an internal investigation launched into potential improper payments in connection with contracts in the Middle East found indications of misconduct.
Teva Pharma to pay $450M to settle kickback, price-fixing …
4 days ago · By Adrianne Appel Fri, Oct 11, 2024 12:53 PM. Generic drug giant Teva Pharmaceuticals has agreed to pay $450 million to settle two cases brought by the Department of Justice (DOJ), including one alleging that co-pays it made on behalf of Medicare patients constituted illegal kickbacks, and a second action for alleged generic drug price fixing.
JPMorgan fined $348M by OCC, Fed over trade surveillance lapses
Mar 14, 2024 · JPMorgan Chase will pay approximately $348.2 million in fines to settle allegations laid by two federal banking regulators that it failed to adequately monitor trading and order activity. The Treasury Department’s Office of the Comptroller of the Currency (OCC) issued a $250 million penalty against the bank Thursday, while the Federal Reserve ...