United States: Who Wants To Be A Millionaire? Compliance Officer Whistles His Way To A Million Dollar Pay Day

Last week the SEC announced an award of between $1.4 to $1.6 million to a whistleblower who provided information that assisted the SEC in an enforcement action. The enforcement action against the whistleblower’s company resulting in monetary sanctions exceeding $1 million. This marks the second award to a whistleblower with an internal audit or compliance function at a company. The first was back in August 2014, when the SEC awarded a whistleblower […]

By | April 29th, 2015 ||

United States: Increased Activity Seen Under The California Transparency In Supply Chains Act – Is Your Company Prepared?

In April 2015, the California Department of Justice began, for the first time, to send letters to companies regarding compliance with the California Transparency in Supply Chains Act (the “Act,” the full text of which may be reviewed here). The Act, effective January 1, 2012, requires qualifying retail sellers and manufacturers to disclose, via conspicuous and easily understood links on their Internet home pages, the extent, if any, to which they:

Engage in verification of […]

By | April 24th, 2015 ||

Canada: Self-Audit Requirement Under Ontario’s Employment Standards Act

Did you know? As of May 20, 2015, Ontario employers could be required to self-audit their Employment Standards Act compliance.

The amendments allow Employment Standards Officers to require an employer to:

conduct a self-audit of its records, practices or both to determine whether it is in compliance with one or more provisions of the ESA and regulations; and
report the findings of such self-audit to the Officer, including any incriminating evidence of an ESA violation.
The Employment Standards […]

By | April 24th, 2015 ||