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Midweek Roundup: NY to Soften ‘Strict Liability’ Plan, KPMG’s FIFA Resignation Linked to Leadership Concerns, and More
printThe new head of the New York State Department of Financial Services signaled Wednesday that the agency would soften its planned "strict liability" standard on individual accountability for compliance violations, the Financial Times reported, citing unnamed individuals and a speech by Superintendent Maria Vullo. More No consensus exists on the efficacy of the U.S. Justice Department's revised policy on individual liability for corporate misconduct, according to The Wall Street Journal. The department said 10 months ago that it would prioritize going after individuals as part of its prosecutions of corporations. More KPMG resigned as FIFA's auditor last week in part...
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