Tag: Boeing

2 Gurus Talk Compliance – Episode 42 – The Holiday Edition

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Post date December 20, 2024
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What happens when two top compliance commentators get together? They talk compliance, of course. Join Tom Fox and Kristy Grant-Hart in 2 Gurus Talk Compliance as they discuss the latest compliance issues in this week’s episode! Today, Tom and Kristy look back at some of their favorite stories from 2024.

Stories this week include:

Boeing DPA and Monitor
Deere FCPA Enforcement Action
TD Bank AML enforcement action
McKinsey-Opioid and FCPA resolutions
Elon Musk’s pay package and corporate governance
Musings from the bottom of the world
DOJ has received 200 tips since launching the whistleblower program (LEGALDIVE)
Sam Bankman-Fried and FTX
NYC Mayor Eric Adams, his corruption charges, and a possible Trump Pardon
The Greatness of Florida Man

Resources:

Kristy Grant-Hart on LinkedIn

Tom

Tags AML, Boeing, Elon Musk, FCPA, Florida Man, FTX, John Deere, SBF, TD Bank, TD Bank America, Tesla

10 For 10

10 For 10: Top Compliance Stories For the Week Ending December 7, 2024

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Post date December 7, 2024
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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.

McKinsey agrees to FCPA settlement for corruption in South Africa. (DOJ Press Release)
Judge rejects DOJ/Boeing settlement. (WSJ)
Defense in Trafigura case can’t knock out star prosecution witness. (FT)
Was it corruption or a smart (or dumb) business deal? (TNR)
Tesla lost the case on the 2nd Musk pay package. (WSJ)
Was it fraud or worse? (NYT)
Paul Atkins was selected to head SEC. (FT)
Trump-appointed Texas judge enjoins CTA nationally. (Bloomberg)
OIG looks to hold nursing care execs responsible. (McKnight’s Long-Term Care News)
Buying/Selling homes and compliance. (Mortgage News Daily)

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

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

Check out the entire 3-book series, The Compliance Kids, on Amazon.com.

Connect with Tom

Tags Boeing, corruption, CTA, DOJ, DPA, FCPA, McKinsey, Paul Atkins, SEC, Tesla, Trafigura

Daily Compliance News

Daily Compliance News: December 6, 2024 – The Boeing Settlement Bounced Edition

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Post date December 6, 2024
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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.

He forgot what the Compliance Committee did. (FT)
Colombia’s Finance Minister was replaced. (Reuters)
McKinsey agrees to FCPA settlement for corruption in South Africa. (DOJ Press Release)
Judge rejects DOJ/Boeing settlement. (WSJ)

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

Check out the entire 3-book series, The Compliance Kids, on Amazon.com.

Tags Boeing, Colombia, corruption, DOJ, FCPA, McKinsey

2 Gurus Talk Compliance

2 Gurus Talk Compliance: Episode 40 – The Celebration of Corporate Compliance Week Edition

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Post date November 1, 2024
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Co-hosts Kristy Grant-Hart and Tom Fox tackle high-profile compliance issues in this episode. They start with Boeing’s cultural failures, highlighted by the Wall Street Journal. They question whether Boeing is too big to fail and emphasize the need for a comprehensive monitorship. The topic then shifts to AI, specifically the Consumer Financial Protection Bureau’s warnings about employee surveillance. The hosts discuss the potential cultural problems and lack of respect for workers stemming from AI-driven monitoring tools, advocating for a balanced workplace surveillance approach.

Next, we cover the harrowing story of a Binance compliance officer detained in Nigeria under dubious charges and celebrate the appointment of an ethics and compliance chief at OpenAI. They explore the challenges of managing AI ethics at such a high-profile company. Kristy and Tom also discuss the controversial new UK law aimed at preventing workplace sexual harassment, the work burnout epidemic among Gen Z workers, and the scandalous allegations against Abercrombie’s former CEO for sex trafficking. The episode looks light-heartedly at a Florida man’s bizarre bacon heist.

Stories Include:

What went wrong at Boeing. (WSJ)
Charges dropped against Tigran Gambaryan in Nigeria. (Wired)
Open AI hires first E&C chief. (Bloomberg)
Preventing bad behavior at work. (FT)
Former A&F CEO arrested for sex trafficking. (WSJ)
U.S. Consumer Watchdog Cautions Businesses on Surveillance of Workers (WSJ)
AI Assistants are Blabbing Our Work Secrets (Washington Post)
Four great ideas for your Compliance and Ethics week (BROADCAT)
Why Are So Many Gen-Zers Fit to Quit? (INC.)
Florida man arrested for pulling off $100,000 frozen bacon heist (KYMA)

Register for the First Annual Compliance Podcast Network Agora Awards for Excellence in Podcasting. Our inaugural winners are Mary Shirley and Lisa Fine for co-founding Great Women in Compliance. The event is Tuesday, November 19, from 12 to 3 PM ET and is free. Registration and Information are here.

Resources:

Kristy Grant-Hart on LinkedIn

Tom

Tags Boeing, Corporate Compliance Week, Employee Surveillance, Florida Man, Open AI

Daily Compliance News

Daily Compliance News: October 30, 2024 – The Power of Podcasting Edition

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Post date October 30, 2024
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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:

How a BBC podcast led to the arrest of Mike Jeffries. (BBC)
PwC profits fall after APAC corruption scandals. (FT)
Texas block of new transmission lines is unconstitutional. (Reuters)
Are Boeing shareholders complicit in the company’s failures? (Bloomberg)

Tags Boeing, corruption, Mike Jeffries, podcasting, PwC

Daily Compliance News

Daily Compliance News: October 28, 2024 – The Lights on in South Africa Edition

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Post date October 28, 2024
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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:

No corruption = lights on in South Africa. (Bloomberg)
Yet another judge says that NLRB is constitutional. (Reuters)
Modern slavery stopped on the Scottish trawler. (BBC)
What went wrong at Boeing? (WSJ)

Tags Boeing, Eskom, NLRB, slavery, UK Modern Slavery Act

Daily Compliance News

Daily Compliance News: October 25, 2024 – The 80 Hour Work Week Edition

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Post date October 25, 2024
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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:

The 80-hour workweek circuit breaker. (FT)
Why didn’t Boeing answer the Lion Air question on the safety of 737MAX. (NYT)
FInCEN fines CA Casino over AML violations. (WSJ)
Will AI make employee burnout worse? (BBC)

Tags AI, Boeing, FinCen, workweek

Daily Compliance News

Daily Compliance News: October 21, 2024 – The Pillow Talk Edition

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Post date October 21, 2024
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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:

More evidence of fraud in the Houston Bankruptcy Court scandal (Bloomberg)
Did Tim Cook call Trump to complain about the EU? (BBC)
Union to vote on ending the Boeing strike. (NYT)
Not exactly New Coke but it’s too many balls. (WSJ)

Tags Apple, Boeing, David Jones, EU

10 For 10

10 For 10: Top Compliance Stories For The Week Ending October 19, 2024

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Post date October 19, 2024
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Welcome to 10 For 10, the podcast which brings you the week’s Top 10 compliance stories in one podcast each week. Tom Fox, the Voice of Compliance, brings to you, the compliance professional, the compliance stories you need to be aware of to end your busy week. Sit back, and in 10 minutes hear about the stories every compliance professional should be aware of 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.

Kenya impeaches deputy President. (Al Jazeera)
McKinsey is close to settling its part in the opioid crisis. (Reuters)
A Boeing judge wants additional information on Monitor and selection. (Law360)
RTX settles FCPA and fraud cases. (WSJ)
Meta fires staff who abused $25 meal credits. (FT)
Is routine legal advice risky? If you advise paying a bribe. (Law.com)
Grewal moves to Wall Street. (WSJ)
Which EU country is the most corrupt? (EuroNews)
Moog settles FCPA claim. (WSJ)
Canada’s reputation for clean banking is gone in 40 minutes. (The Globe and Mail)

Connect with Tom

Tags Boeing, corruption, DOJ, FCPA, Kenya, McKinsey, Meta, Moog, RTX, TD Bank

2 Gurus Talk Compliance

2 Gurus Talk Compliance: Episode 39 – The TD Bank Edition

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Post date October 18, 2024
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What happens when two top compliance commentators get together? They talk compliance of course. Join Tom Fox and Kristy Grant-Hart in 2 Gurus Talk Compliance as they discuss the latest compliance issues in this week’s episode!

In this episode, co-hosts Kristy Grant-Hart and Tom Fox tackle several high-profile compliance issues. They start with TD Bank’s $3 billion money laundering scandal, exploring how inadequate compliance measures and lack of investment enabled a decade-long operation involving $18.3 trillion in questionable transactions. The discussion critiques the penalties imposed on TD Bank and reflects on the broader industry implications. The hosts then shift focus to collateral damage from fentanyl, human trafficking, modern slavery, and terrorist financing, spotlighting the OCC’s novel restrictive actions and an SEC enforcement case involving Indian bribery schemes by Moog.

Transitioning to corporate compliance dynamics, the podcast covers the Texas incident involving Deloitte’s mishandling of a convicted felon’s loan application, raising significant questions about due diligence. Frances Haugen’s advocacy for stronger whistleblower protections, particularly in the AI sector, gets highlighted. The episode concludes by addressing the legal ramifications of anti-boycott provisions, the complexities of election season in the workplace, and recent developments in the Boeing case, encapsulating these serious discussions with a humorous note on a bizarre Florida man incident.