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1,348 result(s) for "Monaco, Lisa"
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ALGORITHMIC COLLUSION AND CRIMINAL ANTITRUST: A Snapshot of the Current Landscape and Key Compliance Considerations
[...]the dynamism of algorithmic pricing and its ability to respond to the market at lightning speed has ignited questions about whether algorithms could facilitate illegal collusion, while concealing any evidence of a price-fixing agreement. Since these algorithmic tools can adjust prices and strategies in a manner that mirrors coordinated behavior, even without explicit communication, some posit that algorithms could form agreements with competing pricing algorithms. [...]legislative officials announced that they will be prioritizing regulation. The US House of Representatives similarly announced the establishment of a bipartisan task force on Al that will \"explore how Congress can ensure America continues to lead the world in Al innovation while considering guardrails that may be appropriate to safeguard the nation against current and emerging threats.\" Press Release, US House Rep. Ted Lieu, House Launches Bipartisan Task Force on Artificial Intelligence (Feb. 20, 2024), https://tinyurl. com/yc2vzeha.
RECENT DOJ GUIDANCE ON CORPORATE COMPLIANCE: What Does That Mean for You?
The three-year pilot program reflects a mixture of carrots and sticks: A company may qualify for a criminal fine reduction if it implements certain criteria in its compensation system including, among others, a prohibition on bonuses for employees who do not satisfy compliance performance requirements, disciplinary measures for employees who violate applicable law, and incentives for employees who demonstrate full commitment to compliance processes. The Current Evolution to Corporate Compliance Evaluation On March 7, 2024, at the American Bar Association's 39th National Institute on White Collar Crime, DAG Monaco revealed the Department's most recent efforts to incentivize voluntary self-disclosure. In remarks on August 1, 2024, DAG Monaco said that other whistleblower programs like those offered by the U.S. Securities and Exchange Commission, Commodity Futures Trading Commission, the Internal Revenue Service and FinCEN have been successful but \"by their very nature-are limited in scope [as] . . . they don't address the full range of corporate and financial misconduct that the Justice Department prosecutes.\" In order to qualify for a whistleblower award under the Pilot Program, individuals must provide the DOJ with \"original, truthful information\" regarding four target areas of corporate misconduct outside the scope of other U.S. government whistleblower programs: (1) crimes involving financial institutions, from traditional banks to cryptocurrency businesses; (2) foreign corruption involving misconduct by companies; (3) domestic corruption involving misconduct by companies; or (4) health care fraud schemes involving private insurance plans. https:// tinyurl.com/39u2x45w.