Family-owned businesses are often owned and controlled by family trusts. Trusts are used by families for estate planning, tax planning and asset protection. Family-owned government contractors with trust ownership structures should be mindful of ownership disclosures required by the Federal Acquisition Regulation (FAR). Failure to comply with the required disclosures could result in False Claims
DOJ Recovered Over $3 Billion from False Claims Act Cases in FY 2019
The Department of Justice (DOJ) recently announced that it obtained more than $3 billion in False Claims Act (FCA) settlements and judgments in the fiscal year ending Sept. 30, 2019.
Notably, DOJ reports that “matters that involved the health care industry” comprised the largest portion of these FCA recoveries in FY 2019, but that “procurement
DFARS / CMMC for 2020: Culmination of Efforts to Protect National Security Data and Networks
2020 Cybersecurity Requirements for Government Contractors
In 2016, the U.S. Department of Defense (DoD) issued a Defense Federal Acquisition Regulation Supplement (DFARs) intended to better protect defense data and networks. Beginning in 2017, DoD began issuing a series of memoranda to further enhance protection of defense data and networks via Cybersecurity Maturity Model Certification (CMMC).