The chief executive officer of a major worldwide banking group agreed to pay the equivalent of US $870,000 as fines to two United Kingdom regulators, and had the equivalent of US $677,000 of prior pay clawed back by his employer because he tried to uncover the identity of a possible whistleblower. Separately, The Department of Justice announced a new policy aimed at minimizing “piling on” of penalties on corporations for wrongdoing where multiple sections of the DOJ are involved, as well as multiple domestic and foreign law enforcement agencies. However, there is a precondition – cooperation! As a result, the following matters are covered in this week’s edition of Bridging the Week:
Gary DeWaal is currently Special Counsel with Katten Muchin Rosenman LLP in its New York office focusing on financial services regulatory matters. He provides advisory services and assists with investigations and litigation.
May 13, 2018
May 06, 2018
May 02, 2018
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