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10 For 10

10 For 10: Top Compliance Stories For the Week Ending – January 18, 2025

Welcome to 10 For 10, the podcast that brings you the week’s Top 10 compliance stories in one podcast each week. Tom Fox, the Voice of Compliance, brings you the compliance professional and the compliance stories you need to know to end your busy week. Sit back, and in 10 minutes, hear the stories every compliance professional should know from the prior week. Every Saturday, 10 For 10 highlights the most important news, insights, and analysis for the compliance professional, all curated by the Voice of Compliance, Tom Fox. Get your weekly filling of compliance stories with 10 for 10, a podcast produced by the Compliance Podcast Network.

  • BitMEX fined an additional $100MM.  (WSJ)
  • Wells Fargo banks on compliance. (PYMTS.com)
  • China military corruption purge ‘tip of the iceberg’.  (Business Insider)
  • Cognizant defendants want to know government’s trial strategy. (Law360) sub req’d
  • What is forced labor? (BBC)
  • KPMG to open US law firm in AZ.  (Reuters)
  • SEC sues Elon Musk yet again, this time over Twitter purchase. (Bloomberg)
  • UK Minister resigns over corruption investigation in Bangladesh. (Reuters)
  • Has corporate purpose lost its purpose? (FT)
  • Return To Office compliance. (Bloomberg)

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You can check out the Daily Compliance News for four curated compliance and ethics-related stories each day here.

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Daily Compliance News

Daily Compliance News: January 17, 2025 – The BitMEX Spanked Yet Again Edition

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 in 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.

Top stories include:

  • BitMEX fined an additional $100MM.  (WSJ)
  • Wells Fargo banks on compliance. (PYMNTS.com)
  • China military corruption purge ‘tip of the iceberg.’  (Business Insider)
  • Cognizant defendants want to know the government’s trial strategy. (Law360sub req’d

For more information on the Ethico Toolkit for Middle Managers, available at no charge, click here.

Check out The FCPA Survival Guide on Amazon.com.

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Daily Compliance News

Daily Compliance News: July 11, 2024 – The Fraudulent Accounts Redux Edition

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:

  • Fifth Third Bank and another fraudulent account scandal. (WaPo)
  • BitMEX Pleads Guilty to U.S. Anti-Money-Laundering Charge.(WSJ)
  • How UBS fell out with the Swiss banking establishment. (FT)
  • Archegos founder is guilty. (NYT)

 

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Daily Compliance News

August 10, 2022 the Boston Scientific Announces FCPA Investigation edition

In today’s edition of Daily Compliance News:

  • China company accused of shipping to Iran. (WSJ)
  • Boston Scientific announces FCPA probe in Vietnam. (Medical Design and Outsourcing)
  • Guatemala is now going after the press that reports on corruption. (NYT)
  • BitMEX employee guilty plea in AML violations. (Reuters)
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Daily Compliance News

May 23, 2022 the Elon Antics Edition


In today’s edition of Daily Compliance News:

  • BitMex CEO sentenced to house arrest for AML violations. (WSJ)
  • From Jack Welch to Elon Musk? (NYT)
  • Proving your supply chain is free from corruption. (UKGov)
  • Tesla brand threatened by Musk antics.  (Reuters)
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Daily Compliance News

March 11, 2022 the Enablers Edition


In today’s edition of Daily Compliance News:

  • Another BitMex founder pleads guilty. (WSJ)
  • Corruption stripping Cameroon?  (Crux)
  • The Enablers of Russian oligarchs. (NYT)
  • Regime change in Pakistan? (Bloomberg)
Categories
Compliance Kitchen

FinCEN Enforcement Action with BitMEX


In this episode, the Kitchen takes a look at FinCEN’s $100M enforcement action against BitMEX for alleged violations of the Bank Secrecy Act.