What happens when two top compliance commentators get together? They talk about compliance, of course. Join Tom Fox and Kristy Grant-Hart in 2 Gurus Talk Compliance as they discuss the latest compliance issues in this week’s episode!
In this episode, Tom and Kristy take on a wide variety of compliance related topics.
One of the key issues they look at are reports suggesting China is strategically relocating forced labor from the Uyghur region to different parts of the country in an attempt to bypass US laws prohibiting goods sourced from areas associated with forced labor.
This could trigger wider limitations on goods originating from China, stressing the necessity for intensive audits and transparency in business operations. This issue has sparked bipartisan concern, hinting at potential upcoming legal actions.
Tom stresses the need for companies to react effectively to reduce risks, possibly through on-the-ground audits and increased accountability in business operations in China. Kristy underscores the need for thorough audits and proactive measures in response to the risks associated with forced labor in China. She raises the possibility of legal consequences for companies found to be misleading about their involvement with forced labor. Both perspectives serve to underline the gravity and complexity of this issue.
Highlights Include:
- An ex-McKinsey partner says he was scapegoated. (Reuters)
- CFTC names its first AI Chief. (WSJ)
- CZ gets 4 months. (WSJ)
- FCPA violator Ericsson bemoans ‘over-regulation’. (FT)
- Corporate investigations are under scrutiny. (FT)
- China Moving Forced Laborers Amid U.S. Crackdown, Biden Official Says (WSJ)
- Robinhood Crypto gets Wells notice from US SEC (Reuters)
- Report Spotlights Privacy Access Requests (Radical Compliance)
- Why Employee Bonuses Do Not Work (and What to Do Instead) (Inc.)
- A Florida man runs to the police for help after committing a crime and ends up behind bars. (Aol.)
Resources:
Kristy Grant-Hart on LinkedIn
Tom
