4/17/18: In less than a month, financial institutions will be required to follow FinCEN’s compliance guidance related to customer due diligence. The Final Rule comes in effect on May 11. Right on cue, Richard Bistrong provides a good resource for complying with the core elements
Compliance Communications Blog
4/17/18: Some compliance failures have far greater impact than others in the world outside a company’s walls. This one does. A Japanese fiber manufacturer and its US subsidiary entered a settlement agreement to pay $66 million to resolve claims under the False Claims Act.
4/17/18: An article by Josh Levy in Construction Executive aims attention at a core business risk: fraud. Levy notes that the construction industry ranks high in its vulnerability to fraud but cautions, “Contractors who have employees and work with vendors are vulnerable to misappropriation of money and assets.”
4/17/18: “In 2017, the Department of Justice (“DOJ”) reported more than $8.2 billion held in its forfeited-assets fund …” write Joseph A. Valenti, Stefanie M. Lacy and Reymond E. Yammine of law firm K & L Gates in a recent article published by the firm. That’s a tidy sum but the risks to companies don’t stop with financial impacts.