In today’s edition of Daily Compliance News:
Tag: AML
In today’s edition of Daily Compliance News:
- More comments on CCO certification. (WSJ)
- Guilty plea in Danske Bank money-laundering. (US News and World Reports)
- Swiss Prosecutor finds $60MM in Credit Suisse AML payment. (BNN Bloomberg)
- Activision investigates itself and finds senior management did nothing wrong. (WSJ)
Welcome to the Hughes Hubbard Anti-Corruption and Internal Investigations Practice Group’s Podcast, All Things Investigations. In this podcast, host Tom Fox and members of the Hughes Hubbard Anti-Corruption & Internal Investigations Practice Group will highlight some of the key legal issues involved in white-collar and other investigations, both domestically and internationally. In this episode, I speak with Tyler Grove, counsel at Hughes Hubbard, about the Biden administration’s multilateral approach to sanctions.
Tyler Grove has worked at Hughes Hubbard for over 10 years, starting as a paralegal and then working his way up to a full-time associate before taking the position of counsel. Tyler’s specialties include sanctions and export controls in addition to anti-money laundering and foreign investment issues. His practice has three main areas: compliance counseling, enforcement and investigations, and corporate diligence and filings.
Key areas we discuss on this podcast are:
- The differences between the Biden administration’s sanctions vs. those of the past.
- The US has imposed a soft embargo on any items subject to its jurisdiction and classified on the commerce control list.
- How soon we will be able to see the effectiveness of the Biden administration’s embargo.
- We will likely see an expansion of the sanctions imposed for human rights.
- It’s important that companies are aware of their suppliers, and how their products are being manufactured.
- Anti-boycott issues in China.
Resources
Hughes Hubbard & Reed website
Tyler Grove on LinkedIn
In today’s edition of Daily Compliance News:
• AML sanctions enforcer to get more money. (WSJ)
• Harassment claim made against Elon Musk? (NYT)
• Pharma Bro released early from prison. (WaPo)
• Wells Fargo fined for AML lapses. (Reuters)
In today’s edition of Daily Compliance News:
· Credit Suisse shareholder revolt against execs. (NYT)
· Charges against BOD of Eskom recommended. (YahooFinance)
· Latvia tries to make a comeback. (WSJ)
· Deutsche Bank in more hot water. (WSJ)
The Yankees cheated and lost. The Astros and Red Sox cheated and won. What’s the lesson? Tom and Jay are back to look at some of the week’s top compliance and ethics stories.
Stories
- More on using behavioral psych to make compliance changes. Vera Cherepanova in the FCPA Blog.
- Tackling money-laundering in real estate transactions? Ella Hawkins in GAB.
- Archegos founder indicted for fraud. Jaclyn Jaeger in Compliance Week. (sub req’d)
- Testing culture. Dylan Tokar in WSJ Risk and Compliance Journal.
- Renewed need for Board oversight of compliance. Mike Peregrine in CCI.
- Economic sanctions now national security issue. Dylan Tokar in WSJ Risk and Compliance Journal.
- Why compliance is a competitive advantage. Navex’s Risk and Compliance Matters.
- Toll Holdings and export control compliance failures? Matt Kelly in Radical Compliance.
- Boards making decisions under a stakeholder model. Robert Miller in Harvard Law School Forum on Corporate Governance.
- What to measure in DEI. Ngozi Okeh in practicalESG.
Podcasts and More
- How can baking cookies get your through grief? Find out on this episode of The Hill Country Podcast as Kerrville Cookie Lady, Julia Cardoshinsky talks about her lifelong love affair with baking cookies.
- What is the only podcast dedicated to the intersection of Compliance and ESG? It’s the Compliance ESG Podcaston the CPN. Check out this week’s episode with Travis Miller and Jared Connors of Assent Compliance on the role of Supply Chain in ESG. For your added viewing pleasure check out the video pod on YouTube.
- This month on the Compliance Life, I visit with Susan Divers, Director of Thought Leadership at LRN. In Part 1, academic life and early professional career. In Part 2, she moves to the corporate world. In Part 3, Susan moves into the CCO chairs at AECOM. In the final episode this month, Part 4, Susan details her move to and work at LRN.
- Why should you attend Compliance Week 2022? Find out in this podcast series featuring speakers at CW 2022. Listeners get a $200 discount to CW 2022 with the discount code TFLAW $200 OFF. Registration and agenda here.
- From the Editor’s Desk welcomes the new Compliance Editor in Chief, Kyle Brasseur to the podcast. Check out Kyle’s inaugural episode 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.
In today’s edition of Daily Compliance News:
- California creating its Privacy Police. (NYT)
- Resisting corruption. (PsychToday)
- Exxon loses dismissal request. (Reuters)
- Swedbank in AML hot water again. (WSJ)
