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If you’re a CEO of a growing company, does it make sense to plan your eventual job end by handing over your position to your employees? For many executive officers, that would probably garner either a cringe or a laugh, but for Heather Payne, it’s the strategic goal for Juno College of Technology in Toronto. If all goes well, Payne will step down as CEO, and the company that she has built as an incubator for startups will transfer to the ownership of her staff. Employee ownership is a less-traveled road when it comes to [...]

In the world of federal trials, especially where the Department of Justice is involved, going to trial is high risk. The DOJ generally touts a 97% win rate, mainly because, with the stakes so high in such cases, the high majority of defendants plea bargain and settle. However, every once in a while, a case comes along where the feds don’t have the stronger case, and the defendant wins. That just happened in the case of the dialysis giant DaVita and its former CEO, Kent Thiry. The case allegations charged Thiry and his company, DaVita, with [...]

Quadrant Knowledge Solutions has released its latest SPARK Matrix analysis, an industry benchmark report specific to anti-money laundering (AML) technology. The review rates both customer support and impact as well as technology performance with regards to system deliverables. Oracle has taken the top spot, scoring the highest ratings versus its peers in the industry both on the customer side as well as on technological infrastructure aspects. The SPARK Matrix has been used regularly to understand the movement and response of technology and anti-crime systems to money laundering. Covering everything from major vendors to development trends and [...]

East Cleveland homeowners have voiced their concern over the potential asbestos hazard at a demolition site in their neighborhood. One of them was Billy Reaves who has lived in the place for 28-years. She was extremely bothered about the asbestos-contaminated demolition debris which was left uncovered and could affect everyone in the area. The amount of asbestos potentially available to go airborne could, in Reaves' opinion, spread across the neighborhood, blown by local winds daily. It’s been at least five weeks since the original building was torn down and left in a pile of rubble, but [...]

In an indirect snub to mainland China and expected support of Taiwan, the U.S. federal government made a clear and distinct notice of support to the island country’s trade secrets protections, incorporating the statement in a broader policy statement on fighting online piracy. Integrated within the 2022 Special 301 Report, the Office of the United States Trade Representative (USTR) under Ambassador Katherine Tai reasserted the Biden Administration’s push to emphasize solidarity with Taiwan but doing so without direct saber-rattling. Using economic risk and trade piracy as the forum instead, the USTR lauded Taiwan along with European [...]

As the march towards increased regulation of cryptocurrency activity becomes more and more formalized, additional entities and financial institutions will find themselves increasingly scrutinized by the federal government if they engage in crypto activities. That was the case for Anchorage Digital Bank National Association and its failure to comply with new anti-money laundering requirements. Anchorage Digital received the green light to operate financially as an institution when it obtained a national trust bank charter from the Office of the Comptroller of the Currency (OCC) in January 2021. As part of the approval, the institution was also [...]

If some remember, when the federal government decided to tear apart AT&T, better known as Ma Bell at the time, it pretty much utilized the anti-trust statutes to break the phone company apart and dissolve its monopoly. The same dormant muscle is starting to twitch again when it comes to monster tech companies like Google and Amazon. Both corporations have grown to an immense size, and that has given the current Administration, particularly, the Justice Department, the impetus to prevent the tech giants from unfairly favoring their products and services over their competitors. Anti-Trust Power is [...]