We are long overdue for a deep dive on the latest enforcement actions, so we’re covering the DOJ-led joint resolution with SAP, OFAC settlements with MoneyGram and Alliance Steel, DDTC’s consent agreement with Honeywell, and, last but not least, Luokung Technology’s successful court challenge to its CCMC listing. Then, in the Lightning Round, we check in on JCPOA 2.0, the U.S. approach to Venezuela and Cuba, and the winding down of an important general license for Belarus.
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EMBARGOED! is not intended and cannot be relied on as legal advice; the content only reflects the thoughts and opinions of its hosts.
Timestamps:
0:10 Introduction and Roadmap
The Rundown
4:27 SAP NPA and OFAC Settlement
21:38 MoneyGram OFAC Settlement
28:28 Alliance Steel OFAC Settlement
33:25 Honeywell DDTC Settlement
40:46 Luokung Takes Another Bite Out of the CCMC List
58:00 Lightning Round
58:12 JCPOA 2.0
1:11:26 Signals on Venezuela and Cuba
1:16:43 Belarus GL 2H
1:20:52 Final Thoughts
***Stay sanctions free.***
Day: May 13, 2021
Categories
Episode 061 — Ron Carucci
In this episode of The Ethics Experts, Nick welcomes Ron Carucci, Author of “To Be Honest,” to the show.
Welcome to a special five-part podcast series sponsored by K2 Integrity. This month we consider the intersection of compliance, diligence and mergers & acquisitions (M&A). I am joined by Hannah Coleman, Managing Director in K2 Integrity’s Investigations and Risk Advisory practice. She specializes in fast-moving, complex, and specialized research assignments in a variety of areas including investigative due diligence, corporate contests, intellectual property investigations, media transparency assessments, and litigation support. Also joining this week’s series is Tom Pannell, Managing Director in K2 Integrity’s Investigations and Risk Advisory practice. With a focus on financial investigations, Tom leads multi-disciplinary teams working with corporate clients and their legal advisors responding to crisis events, including multi-jurisdictional white-collar crime, misconduct, financial statement fraud, anti-bribery and corruption incidents, and compliance risk advisory work. In this episode, I visit with Tom about deals through a global lens.
Join us tomorrow for our final episode as we consider some post-closing integration issues.
For more on K2 Integrity, check out their website, here.
Welcome to a special five-part podcast series sponsored by K2 Integrity. This month we consider the intersection of compliance, diligence and mergers & acquisitions (M&A). I am joined by Hannah Coleman, Managing Director in K2 Integrity’s Investigations and Risk Advisory practice. She specializes in fast-moving, complex, and specialized research assignments in a variety of areas including investigative due diligence, corporate contests, intellectual property investigations, media transparency assessments, and litigation support. Also joining this week’s series is Tom Pannell, Managing Director in K2 Integrity’s Investigations and Risk Advisory practice. With a focus on financial investigations, Tom leads multi-disciplinary teams working with corporate clients and their legal advisors responding to crisis events, including multi-jurisdictional white-collar crime, misconduct, financial statement fraud, anti-bribery and corruption incidents, and compliance risk advisory work. In this third episode, I visit with Hannah on how to avoid being blinded by familiarity so that potential reputational issues do not surprise you down the road.
Join us tomorrow as we consider deals through a global lens.
For more on K2 Integrity, check out their website, here.
In episode 2 of the Ethics and Compliance Library, we will analyze Giving Voice to Values by Mary Gentile. Giving Voice to Values, or GVV, not only explores how each of us can prepare to voice our values in different situations, why we do and don’t, but also sets up a framework with tools for how to strengthen the muscle for doing so. Through an interview with Dr. Mary Gentile herself as well as an interview with E&C leader, Blair Marks of Lockheed Martin, we will begin to uncover not only how to action this practice as individuals, but how and why it is invaluable to do so at the organizational level. Listeners can expect to better understand the framework laid out in Giving Voice to Values and have some actionable take-aways for how to implement that framework as an individual looking to more consistently step into voicing their values, and as leaders looking to positively impact our organizations. Join me in the Converge community (Converge.convercent.com) to continue engaging in the conversation started in this podcast episode today!
It is easy to look around the business world, or really our everyday world even, and wonder how we could possibly voice our values. Stifled by regulations and pressures from managers and peers, our values are so easily brushed under the rug. What are our values, even? I would encourage all listeners to first think about what key values they feel most connected to in their life. These will change over time, but often are deeply tied to who we are as family members, friends, employees, and global citizens. For me, one of those values is honesty, another, vulnerability. What are your values? What are your organization’s values? Now, place yourself in a though experiment and explicitly ask yourself: “what if you were going to act on your values – what would you say and do.” Dr. Gentile continuously asks this and helps to equip us with a toolkit to “grease the skids that might carry us there,” there being the place where we can effectively voice our values, “sidestepping all the preemptive arguments and rationalizations that pop up naturally, about how difficult or even impossible it may be to do so.”
In today’s edition of Daily Compliance News:
- Size of potential whistleblower award threatens CFTC Whistleblower program. (NYT)
- Key suspect in Vatican corruption case detained. (National Catholic Reporter)
- Goodbye to salary negotiations at Coinbase. (Protocol)
- The ‘parental insanity’ defense. (Bloomberg)
