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In a speech at the NYU School of Law Principal Deputy Assistant Attorney General Nicole Argentieri discussed the newest tool in the Justice Department’s corporate enforcement toolbox: the Corporate Whistleblower Awards Pilot Program. At the same event another Justice official said over 100 tips were received in the program's first month of operation.
The Justice Department announced the disruption of a botnet consisting of more than 200,000 consumer devices in the United States and worldwide.
The botnet devices were infected by Chinese state-sponsored hackers working for Integrity Technology Group, a Beijing-based cyber security firm traded on the Shanghai Exchange as Yongxin Zhicheng Technology Group Co., Ltd.
The United States has asked Mexico to review whether workers at a German-owned leatherworks supplying the automotive industry are being denied the right to freedom of association and collective bargaining.
Treasury’s Office of Foreign Assets Control (OFAC) announced several new outreach initiatives to complement their recent website upgrades and video series.
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Compliance-challenged banking behemoth Wells Fargo & Co reached a settlement with the Office of the Comptroller of the Currency (OCC) related to the bank’s anti-money laundering (AML) and sanctions risk management failures. The Formal Agreement identifies deficiencies relating to the bank’s financial crimes risk management practices and anti-money laundering internal controls in several areas including suspicious activity and currency transaction reporting, customer due diligence, and the bank’s customer identification and beneficial ownership programs.
The agreement requires the bank to take comprehensive corrective actions to enhance its Bank Secrecy Act/anti-money laundering and U.S. sanctions compliance programs.
The U.S. Government Accountability Office (GAO) report highlights the substantial investments China is making through the world’s largest infrastructure finance program, the Belt and Road Initiative (BRI).
Contributors to the report identified challenges to US competitiveness includeing the "lack of a public national strategy to guide and prioritize" U.S. efforts and the "fragmentation of foreign assistance efforts" across several federal agencies.
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