The Department of Justice and the Securities and Exchange Commission reached a $41 million settlement with GOL Linhas Aéreas Inteligentes S.A. (“GOL”) to resolve criminal and civil foreign bribery charges. GOL entered into a three-year deferred prosecution agreement (“DPA”) with the DOJ in exchange for payment of a $17 million criminal penalty. DOJ credited $1.7 million of that penalty against a $3.4 million fine that GOL agreed to pay law enforcement authorities in Brazil to resolve charges in Brazil. In a separate resolution, GOL agreed to pay the SEC $24.5 million over two years. The SEC’s initial settlement calculation was for $70 million, but it was reduced to $24.5 million based on GOL’s financial condition. Michael Volkov reviews the DOJ and SEC FCPA settlement actions in this episode.
Day: September 30, 2022
In this special 5 part podcast series, I am deeply diving into the Monaco Memo and analyzing it from various angles. In this episode of the FCPA Compliance Report, we have the Award-Winning Everything Compliance quartet of Jonathan Marks, Jonathan Armstrong, Karen Woody, and Tom Fox on the Monaco Memo.
1. Tom Fox looks at the Monaco Memo through the monitorship language and answers a listener’s questions about compliance programs under the Monaco Memo.
2. Karen Woody reviews the Monaco Memo, the self-disclosure angle, and investigatory considerations and ponders the role of defense counsel going forward.
3. Jonathan Marks also looks at investigatory issues under the Monaco Memo, the role of the Board of Directors, and the role of the forensic auditor under the Monaco Memo.
4. Jonathan Armstrong’s self-disclosure from a UK angle joins Karen Woody in questioning how defense counsel should move forward.
Resources
Tom 5-Part blog post series in the FCPA Compliance and Ethics Blog
1. A Jolt for Compliance
2. Timely Self-Disclosure
3. Corporate Compliance Programs
4. Monitors
5. The Heat is On
In this podcast series, two complete MCU fans, Tom Fox, founder of the Compliance Podcast Network, and Megan Dougherty, co-founder of One Stone Creative, indulge in a passion for all things in the Marvel Cinematic Universe. We previously reviewed all the movies, and now we have a series on WandaVision. If you want to indulge in your love for the MCU with two fans passionate about all things MCU, this is the podcast series for you. For this offering, we continue with Episode 8, Previously On.
Some of the highlights include:
Ø The story synopsis.
Ø What are the key plot points?
Ø What were some of our favorite cookies?
Next up in our series WandaVision, Episode 9 Series Finale.
In this episode of Career Can Do, Mary Ann Faremouth chats with Molly Rose Speed, owner and Director of Operations at CoPilot Consulting. Molly Rose is a talented strategic thinker with cultivated skills in online tech solutions, systems, and processes that improve company efficiencies. She went from a “corporate cubicle dweller” to becoming an entrepreneur and creator of the Virtual Assistant Academy. Molly Rose shares her story and gives insight into the virtual assistance industry.
Ten years ago, Molly Rose quit her corporate job cold-turkey when she realized that it was not how she wanted to live her life. She delved into virtual assistance, despite not quite knowing everything it entailed – but she quickly learned. Virtual assistants provide the professional support online business owners need to stay in their zone of genius.
The Virtual Assistant Academy founded by Molly Rose trains and certifies people to start virtual businesses. It’s a very flexible career path, especially for mothers. On the flip side, the Academy also provides virtual services for business owners or even stay-at-home mothers looking to outsource certain tasks.
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