A Washington-based defense contractor accused of inflating prices on shelters sold to the U.S. military has agreed to pay $3.3 million to settle allegations that it rigged bids and manipulated a federal procurement process.
A Maryland-based IT contractor has agreed to pay at least $14.75 million to settle allegations it violated the False Claims Act by overcharging federal agencies and misrepresenting its qualifications under a government-wide procurement program, the U.S. Department of Justice announced Monday.
We are entering a new chapter in the evolution of Governance, Risk, and Compliance. This is a chapter not just marked by smarter systems or slicker dashboards, but by a fundamental shift in how organizations align purpose, navigate uncertainty, and embed integrity across the enterprise. This is GRC Orchestration in full force: not a rebranding or a bolt-on, but a metamorphosis. GRC is becoming sentient, not in the sci-fi sense, but in the sense that it now continuously learns, adapts, and acts in context.
After more than two decades of steady service, the EU’s core antitrust enforcement framework is due for a refresh, and this time, the European Commission isn’t going it alone. It wants feedback from businesses, legal experts, competition authorities, and anyone else who has a stake in how the EU tackles anti-competitive behavior in an increasingly digital economy.
A federal judge has ordered CVS Health to pay nearly $950 million in penalties and damages after its Omnicare unit was found to have illegally billed government healthcare programs for prescription drugs that weren’t properly authorized. The massive award stems from a whistleblower case that uncovered years of fraudulent dispensing practices tied to more than 3.3 million false claims.
Harman International Industries, the U.S.-based electronics company behind well-known audio brands, has agreed to pay $1.45 million to settle apparent violations of U.S. sanctions on Iran—violations that, according to regulators, were knowingly enabled by the company’s overseas staff and overlooked due to a lack of internal controls.
The Bank of England has recently fined Vocalink Limited £11.9 million for failing to comply with a formal direction aimed at strengthening its risk and control framework, marking the first time the central bank has levied a fine against a financial market infrastructure firm under the Banking Act 2009.