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Compliance Man Chooses the Target

‘Is gift giving acceptable?’


Welcome to a new season of Compliance Man. This season is called True or False? In this series, I am joined by Tim Khasanov-Batirov, a compliance practitioner who focuses on compliance at international markets for over 20 years. Based on his work experience at six countries as in house compliance officer Tim now consults senior managers and compliance officers globally on complex ethics and compliance matters as partner and Head of Compliance practice for ETERNA LAW.    Tim is a co-founder of Compliance Club, an  international community of practitioners. You can learn more about Tim, his Compliance Manillustrated series, a YouTube channel and request advice from him by clicking at Timur Khasanov-Batirov  on Linked in.   Check out his profile on the ETERNA Law page here.
Today, as promised we invited one of our active listeners to join us to discuss hot topics. We are Alexandra Zaytseva, LLM, EMBA, Compliance Officer at PEWETE Group, an energy company.
Today we will find out whether it is true that  gifts  is very important  cultural courtesy  but may  lead to corruption. Highlights include:

  • How do you deal with the cultural differences in a country as vast as Russia?
  • Does a monoculture really exist?
  • What is cultural courtesy?
  • Does gift giving lead to reciprocity?

Join us for the next episode of Compliance Man: True or False? episode.  If you disagree or wish to share your views on whistleblower topic please comment below. We will be glad to hear from you. Let’s have a sincere global conversation together.

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This Week in FCPA

Episode 261, the Live from Portland edition


As Tom records from an undisclosed location, he and Jay are back to take a look at this week’s stories top compliance and ethics stories which caught their interest on This Week in FCPA in the Live from Portland edition.
Stories

  1. Tom takes up the call for Design Thinking to be used in compliance. Part 1-the steps in design thinking. Part 2-using design thinking to operationalize compliance. Part 3-into your compliance program.
  2. I screen, You screen, We all screen (but not for ice cream). Szilvia Andriasik in the FCPA Blog.
  3. The pandemic redefined the role of the GC. Did it do the same for the CCO. Abbott Martin and Rosie Griffin in
  4. How to train managers in COI. Jeff Kaplan in COI Blog.
  5. The Bribery Act at 10. Neil Hodge in Compliance Week (sub req’d)
  6. Expanding your DD horizons for ESG. Alek Chance In Navex Global’s Risk and Compliance Matters.
  7. Upgrading your compliance program in 5 steps. Joe Murphy in Compliance Week (Sub Req’d)
  8. Is your training sticky? Gio Gallo in CCI.
  9. Using data analytics to uncover anomalies. Jessica Ellsworth in CCI.
  10. Internally communicating about cyber security issues. Davis Polk lawyers in the Harvard Law School Forum on Corporate Governance.

Podcasts and Events

  1. Career Can Do, the latest edition to the Compliance Podcast Network, premiers this week. Recruiting guru Mary Ann Faremouth discusses all facets of the hiring process. In Episode 1, she interviews Jessica Levine.
  2. In Integrity Through Compliance, AMI’s Dionne Lomaxspeaks with Joe Miller, the co-chair of Mintz Levin’s antitrust practice. They focus on recent developments in antitrust compliance — specifically, compliance with government consent decrees and what might be occurring behind the scenes at federal enforcement agencies once a company has settled antitrust charges.
  3. This week on Greetings and Felicitations, Tom is joined by Ben Locwin to look at some of the science behind Star Trek, the Original Series. Mirror Mirror and Transporters, Where No Man Has Gone Before and Phasers; The Naked Time and Warp Drive; Tomorrow is Yesterday and Black Holes, White Holes, and Wormholes; and Journey to Babel and the Medicine of TOS.
  4. A new month on The Compliance Life! In July I visit with Asha Palmer, CECO at Convercent. In Episode 1, from Claire Huxable to the DOJ. In Episode 2, ‘What do you think about Abu Dhabi?’
  5. The tables are turned on Tom by the Brothers Gallo and Jason Mefford as they interview him for their respective pods. Nick and Gio on The Ethics Experts. Jason on Jamming with Jason.
  6. The Compliance Handbook, 2nd edition is released. Learn about it here. Purchase it here.

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

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Daily Compliance News

July 16, 2021 the KPMG in Crosshairs edition


In today’s edition of Daily Compliance News:

  • 1MDB seeks nearly $6bn from KPMG. (Reuters)
  • Arctaris Impact Hires Former Bain Capital CCO. (WSJ)
  • How Covid changed work dress codes. (WaPo)
  • EU Court upholds ban on head scarves. (NYT)
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Integrity Through Compliance

Dionne Lomax and Joe Miller Take a Deep Dive into Consent Decree Enforcement at FTC and DOJ

 


In this episode, AMI’s Dionne Lomax speaks with Joe Miller. Joe is the co-chair of Mintz Levin’s antitrust practice, and is also a partner in the firm’s healthcare practice group. At Mintz, Joe advises health systems, physician groups, health plans, trade associations, and other healthcare related businesses on assessing and mitigating antitrust risk, as well as representation before antitrust enforcers. In this discussion, they focus on recent developments in antitrust compliance — specifically, compliance with government consent decrees and what might be occurring behind the scenes at federal enforcement agencies once a company has settled antitrust charges.

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Compliance Kitchen

OFAC Blocked Property Report


The Kitchen reminds all that the annual OFAC blocked property report deadline is coming up. We look at this process in more detail, including how and where to file and, importantly, what OFAC says should not be reported.

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Greetings and Felicitations

Tomorrow is Yesterday and Black Holes, White Holes, and Wormholes


In this series I am joined by Astrophysicist and Healthcare Futurist Ben Locwin. In this podcast we consider the TOS episode Tomorrow is Yesterday as a starting point for the consideration of the science around black holes, white holes, and wormholes.
In this episode, USS Enterprise is thrown back in time to Earth during the 1960s by the effects of a high-gravity “black star”. The Enterprise ends up in Earth’s upper atmosphere and is picked up as a UFO on military radar. Spock and Chief Engineer Scott inform Kirk of a possible escape method by slingshotting around the Sun to break away and return to their time. The maneuver is risky, since even a small miscalculation could destroy the ship, or make them miss their own era. Kirk okays the maneuver, and time on board the Enterprise moves backwards. The Enterprise is then successfully returned to the 23rd century.
Highlights include:

  1. Is a black star the same thing as a black hole?
  2. How does a white star become a black star?
  3. What is the Quality Exclusion Principle and how does it apply?
  4. What is the Chronology Protection and how does it work?
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12 O’Clock High-a podcast on business leadership

Plutarch’s Lives- Phocion and Cato the Younger

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12 O’Clock High, a podcast on business leadership brings together stories from history, the arts and movies, research and current events to consider leadership lessons. In this episode, Richard Lummis and Tom Fox are on a 10-part summer series on leadership lessons from biographies found in Plutarch’s Lives. Each week we will pair an ancient Greek and Roman to learn about their lives, the comparison and contrast between the two men and what leadership lessons with might draw from their lives. In today’s episode we look at the Greek Phocion and the Roman Cato the Younger.  Highlights include:
·       Introduction of Plutarch’s Lives as historical work.
·       Lives of Phocion and Cato the Younger.
·       Comparison in the lives of Phocion and Cato the Younger.
·       What leadership lessons can be drawn from the lives of Phocion and Cato the Younger.
 

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The Walden Pond

The Three Horizons of Compliance Innovation with Microsoft’s Alan Gibson


 
Alan Gibson is Director of Legal and Compliance Innovation at Microsoft, where he identifies and incubates market-making opportunities for legal and compliance solutions. With over 20 years of cumulative experience in law, business and compliance, he currently serves as a change agent to revolutionize the way companies measure program effectiveness and manage compliance risks. He joins Vince Walden to define the three horizons of compliance innovation, and what they entail.
 

 
Alan’s mission is to find new ways that technology can help transform both the business and practice of law and compliance. He spends his time discussing the art of what’s possible with customers and at Microsoft to incentivize foundational technology investments and frame those sorts of conversations. 
 
The first horizon of compliance innovation involves solving immediate, important issues, building foundational capabilities, and managing discreet risks within your department. The second involves thinking about the midterm objectives of your overall digital transformation strategies, creating multi-point solutions, and taking advantage of the ability to combine. Finally, the third horizon involves looking at the long-term innovative solutions that can cause disruption and using them as the North Star for the first two horizons. 
 
Resources
Alan Gibson on LinkedIn
Microsoft
 

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Daily Compliance News

July 15, 2021 the Restaurant Strikes Against Customers edition


In today’s edition of Daily Compliance News:

  • Top retailers to close this Thanksgiving. (Houston Chronicle)
  • Now FB wants to recuse FTC chair. (WSJ)
  • How Facebook enabled hate groups. (NPR)
  • Restaurant goes on strike against its customers. (NYT)
Categories
The Wirecard Saga

Perpetual Motion Machine, Part 1


Welcome to The Wirecard Saga, literally one of the leading sources on all things Wirecard. In this series, Mikhail Reider-Gordon, Managing Director of Institutional Ethics & Integrity at Affiliated Monitors takes a look at the biggest financial scandal in post-war Germany from a variety of angles.  In this ‘Perpetual Motion Machine, Part 1 episode, Mikhail continues her exploration of those persons, entities and governments who have been damaged, some beyond repair, by Wirecard and the nuclear fallout from its scandal. Some of the highlights include:

  • Wulf Matthias has friends ‘round
  • Loetscher wants his personality forgotten
  • Braun plays hide and seek
  • Nikki Air just isn’t good enough
  • Creditors first round win in Austrian courts
  • Prosecuting is so much work
  • 20 defendants to go
  • Not enough time for Schellenbacher
  • Schellenbacher, Ukrainian oligarchs, Meinl Bank and Marsalek
  • Meinl, Weinzierl and Russia
  • Julius Meinl, Cinq
  • Meinl and the Binary Options Gang
  • Schellenbacher, the Austrian node