The U.S. Department of Homeland Security (DHS) has added three new Chinese companies to the Uyghur Forced Labor Prevention Act (UFLPA) Entity List. These additions target seafood, aluminum, and footwear industries, critical sectors in Xinjiang’s economy, to block the importation of goods produced with forced labor into the U.S.
President Joe Biden nominated several experienced attorneys and law enforcement officials to fill key regulatory roles overseeing the banking, securities, and insurance industries. The nominees bring decades of expertise in areas like financial fraud investigations, corporate compliance, and consumer protection.
The Department of Justice announced a slate of major prosecutions for environmental crimes in May 2024, providing a stark reminder of the regulatory risks facing companies that fail to prioritize environmental, social, and governance (ESG) issues.
The journey towards comprehensive Environmental, Social, and Governance (ESG) reporting and assurance continues to challenge businesses, according to the latest findings from KPMG's second annual ESG Assurance Maturity Index. The survey highlights both advancements and persistent gaps in companies' readiness to meet new regulatory requirements for credible ESG disclosures.
The Public Company Accounting Oversight Board (PCAOB) took major action this week to modernize its auditing standards and strengthen accountability measures for audit deficiencies that put investors at risk.
The head of the nation's top consumer finance watchdog painted a chilling portrait of unchecked "financial surveillance" on Wednesday, as he issued an urgent call for Congress to implement far stronger safeguards around companies' collection and monetization of consumer data.
The Securities and Exchange Commission recently charged Ilit Raz, CEO and founder of the now-defunct artificial intelligence recruitment startup Joonko, with defrauding investors out of at least $21 million.