According to the latest semi-annual risk report issued by the U.S. Office of the Comptroller of Currency (OCC), new methods of money laundering and a growth in both the volume and sophistication of electronic banking fraud have significantly increased the Bank Secrecy Act (BSA) and anti–money laundering (AML) risks faced by U.S. banks. Of particular concern is the potential of cybercriminals shifting from current disruptive attacks to those intended to cause destruction and corruption.
Corruption of state governments costs American taxpayers billions of dollars each year, according to a new study by researchers at Indiana University and City University of Hong Kong that reports on the risk of corruption and lack of accountability in all 50 states.
A national home-improvement store recently agreed to pay thousands of California workers as much as $6.5 million for improperly labeling them independent contractors (IC) instead of employees.
It’s too soon to know the impact on the workplace of the U.S. Supreme Court’s recent decision that certain businesses may opt out of the Affordable Care Act’s (ACA) requirement to pay for birth control in their healthcare plans if it violates their religious beliefs.
The U.S. Department of Justice (DOJ) recently sent a strong message to international banks with a record penalty of nearly $9 billion on one of the world's largest banks for violating U.S. sanctions against Sudan, Cuba and Iran. DOJ also secured an unprecedented guilty plea from the French bank, as well as a ban on some of its dollar-clearing operations for 2015.
Marijuana laws are undergoing a quick and radical transformation in the U.S. Currently, 20 states plus the District of Columbia allow the use of marijuana for medical reasons. Two states — Washington and Colorado — have legalized pot for adult recreational use. A recent Pew Research Center survey found that a majority of Americans (54%) support the legalization of marijuana.
On July 14, the U.S. Equal Employment Opportunity Commission (EEOC) released enforcement guidance on pregnancy discrimination and related issues, its first comprehensive update in 30 years. The guidance covers the requirements of the Pregnancy Discrimination Act of 1978 (PDA) and the application of the Americans with Disabilities Act of 1990 (ADA) to those with pregnancy-related disabilities.
An increase in government investigations and enforcement actions under the False Claims Act (FCA) and other federal laws can subject healthcare organizations, financial services firms, government contractors and others to enormous financial strain and reputational risk.
The U.S. Department of Health and Human Services (HHS) intends to use higher fines and a new round of audits to send a strong message to the healthcare industry about complying with the Health Insurance Portability and Accountability Act (HIPAA).
On July 9, a U.S. congressional subcommittee issued a report that assessed how colleges and universities are doing in reporting, investigating and responding to sexual violence. Senator Claire McCaskill commissioned the report, which is based on a national survey of more than 300 four-year schools —including for-profit and non-profit institutions, community colleges and many of the country's largest public and private universities.