Welcome to the Daily Compliance News. Each day, Tom Fox, the Voice of Compliance, brings you compliance-related stories to start your day. Sit back, enjoy a cup of morning coffee and listen to the Daily Compliance News. All from the Compliance Podcast Network.
Each day, we consider four stories from the business world: compliance, ethics, risk management, leadership, or general interest for the compliance professional.
In today’s edition of Daily Compliance News:
Ex-Goldman banker pleads not guilty to bribery and corruption charges. (WSJ)
Ex-Segantii Capital Management employee alleged with ‘disreputable conduct’. (FT)
A study recommends the US judiciary improve workplace misconduct systems. (Reuters)
Yet another conviction in CA gun license bribery scandal. (The Mercury News)
For more information on the Ethico ROI Calculator and a free White Paper on the ROI of Compliance, click here.
Welcome to “Compliance Tip of the Day,” the podcast where we bring you daily insights and practical advice on navigating the ever-evolving landscape of compliance and regulatory requirements.
Whether you’re a seasoned compliance professional or just starting your journey, our aim is to provide you with bite-sized, actionable tips to help you stay on top of your compliance game.
Join us as we explore the latest industry trends, share best practices, and demystify complex compliance issues to keep your organization on the right side of the law.
Tune in daily for your dose of compliance wisdom, and let’s make compliance a little less daunting, one tip at a time.
In today’s episode, we discuss the role of clawbacks in both a comp system and a compliance regime.
For more information on the Ethico ROI Calculator and a free White Paper on the ROI of Compliance, click here.
To check out The Compliance Handbook, 5th edition, click here.
In this film, Punter Southall Law’s Jonathan Armstrong discusses internet safety with Professor Eric Sinrod from his home in California. This is episode 288 in the popular TechLaw10 series.
Jonathan & Eric discuss:
The US Surgeon General’s report on social media & the need for labeling to protect children
The Matrix Freedom litigation in the UK
The effects of & lessons learned from the UK election
The right to disconnect for employees
Strategies for organizations to guard against social media risks
Discover L-EV8 as a new training business with Jonathan Armstrong
Dr. Andrew Mazen Dahdal is an associate professor at the College of Law at Qatar University in Doha. He received his Ph.D. from the University of New South Wales, where he received an Outstanding Achievement award in 2014 for his dissertation on the necessity of historical analysis in constitutional interpretation.
Andrew has also taught constitutional and commercial law in Australia and Europe full-time as an adjunct. Writing on law, technology, and global legal frameworks, Andrew is now focused on exploring the intersections between private and public law, specifically the technocratic connections between constitutional and commercial legal frameworks.
This episode of Regulatory Ramblings discusses his upcoming book, Digital Currencies and Public Law: History, Constitutionalism, and the Revolutionary Nature of Money. In it, he advocates for deeper engagement by public lawyers in digital currency developments that threaten dramatic changes in the relationship between individuals and government authorities.
As Andrew shares with our host, Ajay Shamdasani, no modern issue is more widely acknowledged and less understood than that of digital currencies. However, constitutional scholars’ voices must be included in the prevailing digital money conversation. For example, private law scholars grapple with the legal questions raised by digital currency models in property and contract. Alternatively, public law scholars have yet to appreciate the moment’s significance.
Andrew argues that the challenge of understanding the technical dimensions of digital money innovations has obscured the potential constitutional revolution that digital currencies represent. His book starts with the premise that ‘money’ is best considered a constitutional phenomenon. When seen in that light, it becomes clear that changes like money represent changes in political and constitutional arrangements.
The discussion elaborates on how and why that is so by examining historical episodes where the nature of money was linked to renewed constitutional settlements. The book distills a core set of principles linking aspects of monetary innovation, such as technical control of the money supply, to constitutional positions, such as executive fiscal accountability. From such principles, a conceptual framework is proposed that translates the specific attributes of digital currency proposals into the language of constitutional dynamics.
Andrew also recounts what it was about digital currencies that initially piqued his curiosity as a constitutional scholar and, ultimately, what compelled him to write the book. He also shares his thoughts on what he feels the book adds to an already crowded marketplace on the subject matter.
He concludes that cryptocurrencies and virtual assets herald an opportunity for wholesale constitutional reform the world has yet to see. Andrew notes that indeed, when it arrived on the scene, and its most ardent advocates were anti-statists, anarcho-libertarians—and even to some extent today—the rise of Bitcoin and digital assets writ large can be seen as a political movement in search of an ideology.
Looking back on the development of money, Andrew said every fiat currency has been a form of cash, albeit stripped of its intrinsic value. Moving forward, he said, there was no way to have a robust conversation about money and digital change without interrogating competing monetary forms.
In this episode of Trekking Through Compliance, we consider the episode The Immunity Syndrome, which aired on January 19, 1968, and occurred on Star Date 4307.1.
The Enterprise is diverted to investigate the mysterious cessation of communication with the Gamma 7A star system. While on its way, Spock telepathically senses the destruction of a starship manned by Vulcans. The Enterprise encounters a strange field that drains all mechanical or biologically generated energy. Spock finds that the zone of darkness is a negative energy field. They send a probe penetrating the organism, discovering it to be living and filled with protoplasm.
Spock sets out in the shuttlecraft and heads for the nucleus. Spock establishes that the organism has stored enough energy to reproduce and that the 40 chromosomes in the nucleus are ready to come together. The Enterprise is sucked into the organism. But Kirk fills a probe full of antimatter and plants it in the nucleus.
As the Enterprise backs out of the organism before it blows up, it detects Spock’s shuttlecraft and locks on a tractor beam. The explosion rocks the ship, but it survives, and the stars appear on the viewing screen again. Somehow, the shuttlecraft also survives.
Commentary
This episode focuses on the USS Enterprise’s investigation into the disappearance of communications with the Gamma 7A star system and the destruction of the Vulcan-manned starship Intrepid. Tom parallels compliance strategies as the crew encounters a giant single-celled organism threatening their survival. He outlines key lessons on comprehensive data collection and analysis, interdisciplinary collaboration, adaptability, objective decision-making, ethical considerations, and continuous improvement. By examining these principles, he provides valuable insights on enhancing the effectiveness and integrity of compliance programs.
Key Highlights
Key Plot Points
Philosophical Reflections
Investigative Lessons for Compliance Professionals
Resources
Excruciatingly Detailed Plot Summary by Eric W. Weisstein
Welcome to the Daily Compliance News. Each day, Tom Fox, the Voice of Compliance, brings you compliance-related stories to start your day. Sit back, enjoy a cup of morning coffee and listen to the Daily Compliance News. All from the Compliance Podcast Network.
Each day, we consider four stories from the business world: compliance, ethics, risk management, leadership, or general interest for the compliance professional.
In today’s edition of Daily Compliance News:
Nigeria refuses to release Binance compliance professionals. (Bloomberg)
A Chinese tycoon was convicted of fraud in the US. (WSJ)
What would US trade policy look like under Trump? (FT)
The mayor of Venice is under investigation for corruption. (ABCNews)
For more information on the Ethico ROI Calculator and a free White Paper on the ROI of Compliance, click here.
Welcome to the only roundtable podcast in compliance as we celebrate our second century of shows.
In this episode, we welcome Karen Moore as a permanent panelist.
We have one topic for this episode, the Boeing guilty plea, which we slice and dice from a variety of perspectives. Karen is joined by Jonathan Marks, Jonathan Armstrong, and Matt Kelly as panelists, all hosted by Tom Fox.
Karen Moore considers that there are multiple stakeholders involved with Boeing and will they be covered in the resolution? She shouts out to the UK for their seamless transition of power after the July 4 election and to the Men’s Football team for making the UEFA Cup Final.
Matt Kelly asks multiple questions about the form of the guilty plea and what it may mean for compliance professionals going forward. He rants about Tractor Supply which ditched its DEI and sustainability efforts based on one Twitter campaign.
Jonathan Armstrong takes a look at the Boeing plea deal from his uniquely British perspective, with 3 takeaways. He shouts out to the new British Prime Minister, Sir Keir Starmer.
Jonathan Marks considers corporate governance and internal control failures. He rants about Board members who do not understand Board governance.
Tom Fox shouts out to Pittsburgh rookie Paul Skenes for his great first season and being named the Starting Pitcher for the All-Star Game.
The members of the Everything Compliance are:
Karen Woody is one of the top academic experts on the SEC. Woody can be reached at kwoody@wlu.edu
Jonathan Armstrong is our UK colleague and an experienced data privacy/data protection lawyer in London. He can be reached at his new law firm, Jonathan.Armstrong@puntersouthall.law
The host, producer, rantor (and sometimes panelist) of Everything Compliance is Tom Fox, the Voice of Compliance. He can be reached at tfox@tfoxlaw.com. Everything Compliance is a part of the award-winning Compliance Podcast Network.
How can you survive an FCPA enforcement action? In this special podcast series, Tom Fox and Nick Gallo outline the Top 10 things you can do to reduce your overall fine and penalty, perhaps down to a complete declination. All of the actions you can take come from recent DOJ prosecutions under the FCPA and speeches from DOJ representatives. This podcast, sponsored by Ethico, is the companion series to the book The FCPA Survival Guide: Surviving and Thriving a Foreign Corrupt Practices Act Enforcement Action. Today, we discuss lesson number seven: changing your business model.
In this episode, Tom and Nick discuss the significant transformations by companies like Albemarle and SAP, which shifted from using third-party sales agents to internal teams to enhance compliance and reduce risk. The conversation delves into the Department of Justice’s role in recognizing and endorsing such changes, eventually becoming industry standards. The session also covers the challenges and considerations in explaining such fundamental shifts to stakeholders and effectively managing the associated risks.
What is stranger than fiction? The stories of worldwide corruption. In this podcast series, co-hosts Tom Fox, the Voice of Compliance and Mike DeBernardis, partner at Hughes Hubbard discuss some of the most audacious corruption cases in anti-corruption enforcement. More importantly, they will discuss the lessons learned on what your organization can do to prevent running afoul of international anti-bribery laws.
In this episode of Season 2, Tom and Mike take a deep dive into one of the seminal scandals of the 20thcentury, the Teapot Dome scandal.
The infamous Teapot Dome scandal occurred during Warren Harding administration. Tom and Mike take a deep dive into a historical overview of the event, detailing steps taken by key figures like Albert Fall, who leased federal oil reserves to his associates without competitive bidding, resulting in massive corruption and eventual convictions. The discussion highlights the scandal’s significant impact on U.S. governance, including the first conviction of a former cabinet member, and underscores enduring compliance lessons relevant to modern-day corruption cases.
For over 50 years, the Kerrville Folk Festival has been a haven for folk music lovers, singer-songwriters, and storytellers from around the globe. Set against the backdrop of the serene Quiet Valley Ranch, this festival is more than just a music event—it’s a community, a family, and a celebration of artistic expression and camaraderie.
In this podcast, we will explore the rich history of the Kerrville Folk Festival, from its humble beginnings in 1972 to its evolution into a beloved tradition that draws thousands of attendees each year. We’ll hear from musicians who have graced its stages, fans who have made lifelong memories, and the dedicated organizers who keep the festival spirit alive.
So, sit back, relax, and get ready to be transported to the magic of the Kerrville Folk Festival, where music, nature, and community come together in perfect harmony. this episode, Tom welcomes back Kerrville Folk Festival Executive Director Deb Rouse.
They visit about an upcoming music camp for teens at the Kerrville Folk Festival running from July 21st to 25th. This immersive four-day camping event connects teens with professional musicians and offers diverse music and art workshops. Each participant gets to take home a musical instrument. Deb also shares insights from the recently concluded 2024 Kerrville Folk Festival and looks ahead to the Welcome Home Fest in October, highlighting notable performances and the festival’s broad musical range.
