In data-breach class-action lawsuits, plaintiffs' biggest problem often is convincing the court that the unauthorized disclosure of their personal information caused some type of injury. Often they cannot and this leads the court to dismiss their case on the ground that plaintiffs lack standing to sue.
Many parts of the world are like the Wild West when it comes to bribery and other forms of corruption — it's rough and tumble and anything goes. This is beginning to change, however slowly, due to the trend toward globalization of anti-corruption enforcement efforts.
Holiday office parties are an occasion for festivity and relaxing with co-workers, but employees should not relax too much; they should be on guard to avoid conduct that might create office tension or awkwardness the next day. Managers and other employees are more likely to repeat than to forget the off-color remark that slipped out during an unguarded moment.
Many perils await organizations whose employees lead them into the subterranean world of foreign bribery of public officials — and the Foreign Corrupt Practices Act is just one of them.
Despite the financial sector's huge investment in anti-money laundering (AML) programs, "AML drift" continues to result in substantial fines and regulatory action against US and foreign banks, according to new report by PwC.
A recent study by ThreatTrack Security found malware analysts are better equipped to protect against cyber-attacks but continue to face internal challenges to network defense. Additionally, many organizations are not disclosing data breaches to the customers, partners and others who entrusted their data to them.
Beginning January 30, 2014, employers with more than four workers must provide reasonable accommodations to pregnant employees and new mothers under the New York City Pregnant Workers Fairness Act (NYCPWFA). The amendment to the New York City Human Rights Law (NYCHRL) broadens existing employer accommodation requirements with respect to employee pregnancy, childbirth and related medical conditions.
The Iran Threat Reduction and Syria Human Rights Act of 2012 (ITRA), which became effective earlier this year, requires companies registered with the Securities and Exchange Commission (SEC) to disclose in their annual or quarterly reports — among other things — any transactions or dealings involving Iran. Since February, companies have filed more than 400 of these disclosures, but so far none have resulted in any SEC-initiated enforcement actions.
A new study by the business intelligence firm Control Risks and the Economist Intelligence Unit (EIU) found "disturbing gaps" in corporate policies designed to prevent and respond to bribery and corruption issues. The study, "International Business Attitudes to Corruption,"surveyed the general counsel, senior corporate attorneys and compliance heads of more than 300 companies.
A check-cashing company and its owner pleaded guilty to violations of the Bank Secrecy Act arising from their failure to follow anti-money laundering reporting requirements with respect to more than $19 million in check-cashing transactions, the Department of Justice (DOJ) announced. The plea agreement requires defendants Craig Panzera and his check-cashing business, Belair Payroll Services Inc., to forfeit $3.2 million and Panzera to pay restitution of nearly $1 million.