Tag: Airbus

Episode 57-the Airbus edition

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Post date February 20, 2020
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Welcome to the only roundtable podcast in compliance. We devote our entire episode to the Airbus international corruption enforcement actions. Today, we have a serving of Jonathan Armstrong, Jay Rosen, Matt Kelly and Mike Volkov with a potpourri of topics. Rants and shouts outs follow the commentary for this episode.

Mike Volkov considers the enforcement action from the trade sanction/ITAR perspective.
Jonathan Armstrong reviews the SFO’s role in this matter.
Jay Rosen sets up the background facts under the US Deferred Prosecution Agreement and Criminal Information released by the DOJ and considers the FCPA angle of the case.
Matt Kelly looks at some policy angles and compares Airbus to recent scandals involving Wells Fargo and Boeing.

The members of the Everything Compliance are:

Jay Rosen– Jay is Vice President, Business Development Corporate Monitoring at Affiliated Monitors. Rosen can be reached at JRosen@affiliatedmonitors.com
Mike Volkov – One of the top FCPA commentators and practitioners around and the Chief Executive Officer of The Volkov Law Group, LLC. Volkov can be reached at mvolkov@volkovlawgroup.com.
Matt Kelly – Founder and CEO of Radical Compliance. Kelly can be reached at mkelly@radicalcompliance.com
Jonathan Armstrong –is our UK colleague, who is an experienced data privacy/data protection lawyer with Cordery in London. Armstrong can be reached at armstrong@corderycompliance.com

The host and producer (and sometime panelist) of Everything Compliance is Tom Fox the Compliance Evangelist. Everything Compliance is a part of the Compliance Podcast Network.

Tags Airbus

FCPA Compliance Report

Joanne Taylor on the UK Airbus Enforcement Action

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Post date February 17, 2020
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In the Episode, I visit with Joanne Taylor, Managing Director at K2, an industry leading investigative, compliance and cyber defense services firm. Joanne joined K2 Intelligence with 20 years of experience in legal, investigations, and financial crime compliance. This includes fraud risk management, anti-bribery and corruption, regulatory enforcement, and fraud investigations within leading international financial and legal services industries. Prior to joining K2 Intelligence, Joanne led global anti-fraud, bribery and corruption strategy and was previously responsible for the global whistleblowing program and cross-border investigations related to fraud, bribery and corruption for a European bank. In this podcast we discuss the UK portion of the Airbus anti-corruption enforcement action.
Some of the highlights include:

The Airbus international corruption settlement is so massive that many compliance professionals might have trouble getting their arms around it. What are there some key takeaways you see from your perspective?
Can you describe the extensive cooperation noted by the UK Court by Airbus after the investigation began in earnest?
What is the significance of the French/UK/US taking the lead in different aspects of the investigation?
The UK Court provided a detailed look at the economic consequences of a trial and guilty verdict. Why was this analysis so critical to the Court?
What do you see as the significance of the international cooperation by investigating agencies and enforcement agencies?
What does the UK Judgment say about or do for the SFO?

Tags Airbus

This Week in FCPA

Episode 191 – the All Hail Airbus edition

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Post date February 8, 2020
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Reports are that Airbus would settle corruption allegations for nearly $4bn in England were correct. Jay and Tom are back to consider some of the top compliance articles and stories which caught our eye this week.

Airbus commentary is out. Dick Cassin on the FCPA Blog, Mike Volkov on Corruption Crime and Compliance, Tom Fox on the FCPA Compliance and Ethics Blog and Jonathan Armstrong on Cordery Compliance all lead the discussion.
COSO warns of siloed compliance. Kristin Broughton in the WSJ Risk and Compliance Journal.
Odebretch extends monitorship 9 months. Will that be enough? Mengqi Sun explores in the WSJ Risk and Compliance Journal.
What about small annual changes in the TI-CPI? Matthew Stephenson goes diadic in the Global Anti-Corruption Blog.
Is new DOJ Guidance a sword or shield or both? Jay continues his series in CCI.
How to grow your compliance program as your company scales. Gio Gallo explains in CCI.
Worried about CCO liability? Matt Kelly explores on Radical Compliance.
Bernie Ebbers passes. A moment of silence for his role in compliance. Jim Zarolli in NPR.
Speaker programs and big pharma. WilmerHale lawyers opine in NYU’s Compliance and Enforcement Blog.
On the Compliance Podcast Network, Tom begins a one month look at the role of HR in compliance.This week saw the following offerings: Monday-introduction to the role of HR in compliance; Tuesday-the role of HR in creating an ethical culture; Wednesday-the hiring process; Thursday-the reference check. Friday-incentivizing compliance. Note 31 Days to a More Effective Compliance Program now has its own iTunes channel. If you want to binge out and listen to only these episodes, click here.
Join Tom for the webinar, The Houston Astros: Ethics, Compliance and Sign Stealing onThursday February 13, at 2 PM CST. Registration and information here.

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

Tags Airbus, compliance, FCPA

Daily Compliance News

February 8, 2020, the Jail Time edition

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Post date February 8, 2020
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In today’s edition of Daily Compliance News:

Another Airbus casualty. (FreeMalaysiaToday)
Undercover informant in NCAA scandal avoids jail time. (Bloomberg)
Ex-Pimco CEO gets 9-month jail term. (Reuters)
DOJ drops anti-trust inquiry into automakers. (NYT)

Tags Airbus, corruption

Daily Compliance News

February 5, 2020, the Airbus Fallout Continues edition

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Post date February 5, 2020
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In today’s edition of Daily Compliance News:

Another Goldman Sachs banker involved in 1MDB banned. (NYT)
Airbus resolution portends great international cooperation? (WSJ)
Head of AirAsia out after Airbus settlement names him as bribe Recipient. (Bloomberg)
Aviana opens corruption probe. (WSJ)

Tags Airbus

Daily Compliance News

February 1, 2020, the We’re No. 1 edition

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Post date February 1, 2020
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In today’s edition of Daily Compliance News:

Delta, American and United all suspend travel to China. (NYT)
Airbus becomes largest corruption fined company of all time. (FCPA Blog)
With friends like that. (WSJ)
Britain can no longer rely on US. (FT)

Tags Airbus

Daily Compliance News

January 29, 2020, the What’s a Billion Between Friends edition

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Post date January 29, 2020
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In today’s edition of the Daily Compliance News:

Airbus to settle corruption allegations for nearly $4bn? (Bloomberg)
Chair of Chemistry at Harvard arrested for working with Chinese. (Washington Post)
Britain chooses Huawei over Trump. (NYT)
The coronavirus outbreak as a business risk. (Houston Chronicle)