Day: December 4, 2020

Categories
Daily Compliance News

December 4, 2020-the Bad Actors edition


In today’s edition of Daily Compliance News:

  • Vitol Paying $163MM to Settle Corruption, Manipulation Charges. (WSJ)
  • South Carolina Utility Agrees to $137.5 Million Settlement to Resolve Fraud Charges. (WSJ)
  • Will Huawei plead guilty over corruption allegations? (WSJ)
  • DOJ sues Facebook over HB-1 visa issues. (WSJ)
Categories
This Week in FCPA

Episode 231 – the 50 Days to Inauguration edition


As TrumpLand continues to live in fantasy and denial, we are on the 50-day countdown to the Biden Inauguration. Tom and Jay are back after the Thanksgiving holiday to look at some of the top compliance articles and stories which caught their eye this week.

  1. Are compliance certifications worth it? Jeff Kaplan thinks so and says so in the FCPA Blog.
  2. Does Zoom portend more FTC enforcement actions? Matt Kelly thinks so in Radical Compliance.
  3. More issues in domestic corruption for pharma? Mike Volkov takes a look in Corruption Crime and Compliance.
  4. Avoiding COIs during the holidays. Rick Burt in Navex Global’s Risk and Compliance Matters.
  5. Did France make U-turn on corporate liability? Lawyers from Debevoise explore in NYU’s Compliance and Enforcement Journal.
  6. Swiss begin SBM Offshore corruption investigation? Jaclyn Jaeger in Compliance Week. (sub req’d)
  7. What is the scope of the FCPA Internal Controls provisions? Lawyers from Shearman & Sterling discuss in JDSupra.
  8. How can a Board of Directors use data? James Howard in the Harvard Law School Forum on Corporate Governance.
  9. A new month is here and a new guest on The Compliance Life. Kim Yapchai, Chief Counsel – Environmental, Social & Governance at Tenneco Inc. In this week’s first episode we consider Kim’s undergraduate degree in economics and how this informed her decisions which led her down the path to the CCO chair. Check out the series here.
  10. My podcast with Mikhail Reider-Gordon on Wirecard was so popular we spun it out into its own series, The Wirecard Saga. Check out the latest episodes here.
  11. On 31 Days to a More Effective Compliance Program, we consider Training and Communications. Tuesday– Introduction to Training and Communications.Wednesday– Social media is a 360-degree communication strategy; Thursday-Using social media to innovate in compliance; Friday– the D&B experience with social media and 360 degrees of communications. Note 31 Days to a More Effective Compliance Program now has its own iTunes channel. If you want to binge out and listen to only these episodes, click here.
  12. On Monday, join Tom, Neta Meidav, CEO, Vault Platform and Maxine Gee, Chief Risk Officer – UK Capital Markets and London Stock Exchange for a webinar on why culture drives compliance. Hosted by the London Stock Exchange. December 7 at 10 AM CT, 1600 GMT. Registration and information here.
  13. On Wednesday, interested in podcasting and the latest information on this great medium? Join Tom and Megan Dougherty, co-founder at One Stone Creative for review of One Stone Creative annual survey of all things business podcasting. December 9 at noon CT/1 PM ET. Details and registration here.
  14. On Thursday, join Tom, StoneTurn partner Stephen Martin and Stephanie Holmes, Director, Solution Consulting, Convercent for a Convercent/StoneTurn sponsored webinar on Using ECP Generated Data for Continuous Monitoring and Continuous Improvement. In this event you will learn what compliance metrics are available to you now. how you can use these metrics to inform each part of your compliance program and how to create a documented, auditable trail of compliance program improvements. It will be held on December 10, 12 noon CT. Details and registration here.
  15. Join K2 Integrity for two great events in December. On Dec. 14, they host a webinar on “Proliferation Financing: Risks, Threats, and Mitigation.” The webinar will explore critical issues around understanding and combatting the financing of WMD proliferation. https://bit.ly/2VujK1O. On December 17, DOLFIN and K2 Integrity’s financial crimes compliance experts will host their latest “Ask an Expert FINQuiry” webinar. Expect answers to questions on topics such as: the latest developments in AML/CFT, sanctions, fraud, anti-bribery and corruption, and export controls; financial integrity risks related to the global pandemic; and regionally focused financial crime risks. https://bit.ly/39zzhFP

Tom Fox is the Compliance Evangelist and can be reached at tfox@tfoxlaw.com. Jay Rosen is Mr. Monitor and can be reached at jrosen@affiliatedmonitors.com.

Categories
Life with GDPR

SARS and Liability Issues under GDPR

In this episode Jonathan Armstrong and Tom Fox are back to discuss issues relating to data privacy, data protection and GDPR. Today, we consider the increase in subject access requests (SARs) and other liability issues under GDPR. Recently, the UK Data Protection Authority, the Information Commissioner’s Office (ICO), issued new guidance on handling SARs. The guidance follows responses from organization of all shapes and sizes however and is clearly an indication of what the ICO is thinking. Cordery also took part in the consultation process for this new guidance. Some of the highlights are:

  1. How much have SARs increased?
  2. Why are there excessive requests?
  3. What are the ways companies can slow things down?
  4. Why are 3rd party portals so problematic?
  5. How does big data make all this more difficult?
  6. Are companies looking at data protection in the due diligence phase of M&A?

Check out the Cordery Compliance, client alert on SARs, click here. For more information on Cordery Compliance, go their website here. Also check out the GDPR Navigator, one of the top resources for GDPR Compliance by clicking here.