In today’s edition of Daily Compliance News:
Author: admin
Bitcoin goes on a wild ride this week with its buddy, Elon Musk. With Jay podcasting from a still undisclosed location, he and Tom take a look at this week’s stories top compliance and ethics stories which caught their interest on This Week in FCPA in the Musk and Bitcoin edition.
Stories
1. Of Elon Musk, Bitcoin and Uturns. Matt Kelly in Radical Compliance. Tom and Matt in Compliance into the Weeds. Andrew Ross Sorkin in Dealbook. On SNL here.
2. Benchmark with the Walmart Global ABC policy. Harry Cassin in the FCPA Blog.
3. Closing the moral hazard gap. Jeff Kaplan in the FCPA Blog.
4. Boards and cybersecurity oversight. Wachtell lawyers, John F. Savarese, Sarah K. Eddy, and Sabastian Niles in the NYU Corruption and Enforcement Blog.
5. You are ready for th EU Whistleblower Directive? Neil Hodge in in Compliance Week (sub req’d)
6. Are companies serious about Diversity & Inclusion? Henry Kronk in CCI.
7. Who are a CCOs most important resource (Hint: it’s customers). Steve Chapman in Navex Global’s Ethics and Compliance Matters Blog.
8. What happens when whistleblowers joust over an award? Matt Kelly in Radical Compliance.
9. Do you have a mindset of respect? Sam Silverstein in the Accountability Blog.
10. How does ESG serve investors? Lawrence Heim in PracticalESG.com.
Podcasts and Events
11. Check out the 5-part podcast series this week sponsored by K2 Integrity. We consider the intersection of Compliance, Diligence and M&A. Part 1-Core Diligence, Part 2-Current state of M&A; Part 3-Avoiding Reputational Issues, Part 4-Global M&A issues, Part 5-Post-acquistion integration.
12. In the most recent episode of Integrity Through Compliance, Jesse Caplan, Dionne Lomax and Jim Anilot discuss “From Business Opportunities to Compliance Risks: Health Expectations in 2021”. Check it out here.
13. In a special two-part series, Tom visits with Joey Seeber, CEO of Level Legal. They discuss alternative legal services providers and the Baylor Bears 2021 NCAA Men’s Basketball Championship. Part 1 and Part 2.
14. CCI releases a new eBook, The FCPA Year in Review by the Compliance Evangelist, Tom Fox. You can obtain a copy here. Best of all its available at no charge.
15. Tom announces his latest book, The Compliance Handbook, 2nd edition is available for presale purchase. Use the code FOX25 and go here. The Compliance Handbook 2nd edition will be available in both print and eBook editions. This week on The Compliance Handbook podcast, Eric Young joins Tom for a deep dive into the role of internal controls in a best practices compliance program.
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.
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)
Lazaro Baez was recently sentenced to 12 years in jail for money laundering in Argentina, charges that connected him to political powers still at large in the country. This international case revealed deeply rooted corruption and strong headwinds against uncovering critical evidence – but that did not stop Mariano Federici, the former head of Argentina’s Financial Intelligence Unit, from continuing to dig in.
In episode 8 of Digging Deeper, Mariano shares with Chris Morgan Jones how the investigation unfolded and what the future of related cases may be. As Mariano notes, “When the world is set to cooperate, there is no good place to hide.”
Listen to more episodes of Digging Deeper:
- Digging Deeper Episode 7: Investigating Fraud and Corruption
- Digging Deeper Episode 6: One-on-One with Jules Kroll
- Digging Deeper Episode 5: Varsity Blues
- Digging Deeper Episode 4: Public Sector Lessons for the Corporate Investigator
- Digging Deeper Episode 3: When Personal Lives Feed Criminal Activity
- Digging Deeper Episode 2: Tales Of Corporate Scams, Frauds, And A Stolen Dali
- Digging Deeper Episode 1: The Con Queen of Hollywood
Digging Deeper, an investigative podcast series by K2 Integrity, helps shine a light on the investigations industry as few can: via the real-world, exceptional practitioners who, day in and day out, conduct this work across sectors and around the globe. Listen in to each episode where guests explore unique cases and share what they uncovered along the way to crack the code for clients. Learn more by clicking here, or subscribe on Apple Podcasts, SoundCloud, Spotify or Stitcher.
Categories
Sudan Sanctions Update
This episode looks at recent changes to the US Sudan sanctions and an OFAC settlement that came about from Iranian Sanctions and doing business with a company there.
Categories
Burma Sanctions Update
In this episode, we look at the recent EU and US sanctions on Burma, following the country’s violent military coup and resulting human rights abuses and violations.
Welcome to the Great Women in Compliance Podcast, co-hosted by Lisa Fine and Mary Shirley.
One of the best parts of GWIC is that we get the opportunity to speak with some of the trailblazers in our field. In the next two episodes, Lisa talks with Pat Harned, the CEO of the Ethics and Compliance Initiative (ECI). Today, Lisa gets to learn about Pat’s background, what led her to working at ECI and how the organization evolved before and during her leadership. Pat talks about her experience as a woman in our field and as a CEO,
This first episode also discusses what ECI does, including the recent ECI IMPACT 2021 conference which was at the end of April. The keynotes and discussions included speakers from outside the E&C function, providing a different perspective in areas like corporate culture. Corporate culture is also a significant part of the Global Business Ethics Survey Trends Report, what was also released this year. Pat highlights some of the key findings, and a few surprises they saw along the way, and how we can take a critical look at our function to work towards a more diverse profession as a whole.
The Great Women in Compliance Podcast is proudly featured on the Compliance Podcast Network and sponsored by Corporate Compliance Insights. If you enjoyed this episode please subscribe to the podcast and rate it on your podcast player to help other compliance professionals find it. Want to hear more from us? We have a book, “Sending the Elevator Back Down: What We’ve Learned from Great Women in Compliance” (CCI Press, 2020) which is available on Amazon.com and Book Depository.
If you’ve already read the booked and liked it, will you help out other women to make the decision to leverage off the tips and advice given by rating the book and giving it a glowing review on Amazon?
As always, we are so grateful for all of your support and if you have any feedback or suggestions for our 2021 line up or would just like to reach out and say hello, we always welcome hearing from our listeners.
You can subscribe to the Great Women in Compliance podcast on any podcast player by searching for it and we welcome new subscribers to our podcast.
Join the Great Women in Compliance community on LinkedIn here.