Tag: China

10 For 10: Top Compliance Stories For The Week Ending June 15, 2024

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Post date June 15, 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 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 compliance professionals, 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.

FTX administrator looking again at Sullivan and Cromwell. (Law.com)
Tyson Foods CFO was suspended for drunk driving. (Bloomberg)
5 takeaways from the Menendez trial. (CNN)
The FAA says greater oversight is needed over Boeing. (NYT)
More Chinese companies have been added to the sanction list for using forced labor. (WSJ)
TerraForm settles with the SEC for $4.5bn. (FT)
What happens when the Rule of Law dies out? (FT)
U.A.W. Monitor Investigates Accusations Against Union Leader (NYT)
Beny Steinmetz profile. (OCCPR)
TD Bank is under scrutiny for alleged AML violations. (Bloomberg)

For more information on the Ethico ROI Calculator and a free White Paper on the ROI of Compliance, click here.

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

Connect with Tom:

Tags AML, Beny Steinmetz, China, FTX, Senator Robert Menendez, TD America, Tyson Foods, UAW, UFLPA

10 For 10

10 For 10: Top Compliance Stories For The Week Ending June 8, 2024

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Post date June 8, 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.

Chinese battery suppliers are tied to Ford and VW. (WSJ)
SEC is closing its Salt Lake City office. (WSJ)
The Wirecard boss loses his lawyer. (FT)
Standard Chartered is accused of funding terrorists. (BBC)
Toyota gets raided. (BBC)
Mike Lynch was acquitted.(NYT)
Private equity giants near settlements with SEC re: texting. (WSJ)
FAA wants systemic change at Boeing. (BBC)
Citgo 6 sue CITGO. (Houston Chronicle)

Click here for more information on the Ethico ROI Calculator and a free White Paper on the ROI of Compliance.

You can check out the Daily Compliance News, which features four curated compliance and ethics stories each day, here.

Connect with Tom

Tags Boeing, China, Citgo 6, EV batteries, FAA, HP-Autonomy acquisition, Marcus Bruan, Mike Lynch, SEC, Standard Chartered, Wirecard

Daily Compliance News

Daily Compliance News: June 7, 2024 – The Car Wash Goes Dirty Edition

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Post date June 7, 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 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:

Car washing goes dirty. (FT)
Boeing wants to buy a key supplier. (NPR)
WaPo CEO is in hot water over the killing phone hacking story. (NYT)
Chinese battery suppliers are tied to Ford and VW. (WSJ)

For more information on the Ethico ROI Calculator and a free White Paper on the ROI of Compliance, click here.

Tags Boeing, Car Wash, China, WaPo

10 For 10

10 For 10: Top Compliance Stories For The Week Ending June 1, 2024

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Post date June 1, 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.

Menendez corruption caught in emails and texts. (Politico)
Are the Olympics a reputational risk? (FT)
Virginia businesses were fined for hiring ‘whites only’. (WaPo)
Boeing has a plan to fix safety issues. (NYT)
American Airlines sued for tossing 5 black men from a flight for ‘body odor’. (Reuters)
Need for audit reform in the UK. (FT)
US representatives call for reopening of Nigerian oil bloc OPL 245 investigation. (Nigerian Lawyer)
Private equity giants near settlements with SEC re: texting. (WSJ)
Mike Lynch says HP ‘panicked’. (Law360)
Death penalty in a corruption case. (South China Morning Post)

For more information on the Ethico ROI Calculator and a free White Paper on the ROI of Compliance, click here.

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

Connect with Tom

Tags Boeing, China, HP-Autonomy acquisition, Mike Lynch, Nigeria, SEC, Senator Robert Menendez, texting

Daily Compliance News

Daily Compliance News: May 30, 2024 – The Body Odor Edition

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Post date May 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:

American Airlines sued for tossing 5 black men from a flight for ‘body odor’. (Reuters)
Death penalty in a corruption case. (South China Morning Post)
How Boeing’s troubles are pushing down the Supply Chain. (FT)
Michael Lynch says HP ‘panicked’. (Law360)

For more information on the Ethico ROI Calculator and a free White Paper on the ROI of Compliance, click here.

Tags American Airlines, Boeing, China, corruption in China, HP-Autonomy acquisition, Mike Lynch

Daily Compliance News

Daily Compliance News: May 21, 2024 – The All NYT Edition

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Post date May 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:

The Senate says BMW used forced labor on car parts. (NYT)
The OZY fraud trial begins. (NYT)
Chinese firms are both a rock and a hard place. (NYT)
How to dodge a tariff. (NYT)

For more information on the Ethico ROI Calculator and a free White Paper on the ROI of Compliance, click here.

Tags BMW, China, compliance, corruption, sanctions

2 Gurus Talk Compliance

2 Gurus Talk Compliance: Episode 28 — CZ v. SBF Edition

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Post date May 10, 2024
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What happens when two top compliance commentators get together? They talk about 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, Tom and Kristy take on a wide variety of compliance related topics.

One of the key issues they look at are reports suggesting China is strategically relocating forced labor from the Uyghur region to different parts of the country in an attempt to bypass US laws prohibiting goods sourced from areas associated with forced labor.

This could trigger wider limitations on goods originating from China, stressing the necessity for intensive audits and transparency in business operations. This issue has sparked bipartisan concern, hinting at potential upcoming legal actions.

Tom stresses the need for companies to react effectively to reduce risks, possibly through on-the-ground audits and increased accountability in business operations in China. Kristy underscores the need for thorough audits and proactive measures in response to the risks associated with forced labor in China. She raises the possibility of legal consequences for companies found to be misleading about their involvement with forced labor. Both perspectives serve to underline the gravity and complexity of this issue.

Highlights Include:

An ex-McKinsey partner says he was scapegoated. (Reuters)
CFTC names its first AI Chief. (WSJ)
CZ gets 4 months. (WSJ)
FCPA violator Ericsson bemoans ‘over-regulation’. (FT)
Corporate investigations are under scrutiny. (FT)
China Moving Forced Laborers Amid U.S. Crackdown, Biden Official Says (WSJ)
Robinhood Crypto gets Wells notice from US SEC (Reuters)
Report Spotlights Privacy Access Requests (Radical Compliance)
Why Employee Bonuses Do Not Work (and What to Do Instead) (Inc.)
A Florida man runs to the police for help after committing a crime and ends up behind bars. (Aol.)

Resources:

Kristy Grant-Hart on LinkedIn

Tom

Tags China, CZ, Florida Man, investigations, Kristy Grant-Hart, McKinsey, Privacy, Robinhood, UFLPA

2 Gurus Talk Compliance

2 Gurus Talk Compliance: Episode 27 – The Too Nice Edition

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Post date April 26, 2024
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In this episode, we discuss how far the US should push Europe when it comes to banning goods produced with forced labor, whether Canadians are just too darn nice when it comes to bribery, the Supreme Court’s review of when cash given to a US politician crosses from a thank-you gift to a bribe, and a Florida man’s notice to arresting officers that he’d be drinking his beer before being arrested because it’s cold.

The issue of forced labor, particularly in China, and its resultant goods has triggered a significant discourse between the US and Europe, highlighting the intricate connection between international trade and human rights. Tom argues for Europe to adopt stringent measures against forced labor like the US and credits his stand to his profound understanding of the extensive impact such a practice has on modern society. He advocates for a broad ban on goods linked to forced labor and is enthusiastic about the potential of a joint EU, US, and UK task force addressing the issue.

Kristy, with her focused view on the contrasting approaches of the US and Europe, agrees with the necessity of a robust response. She acknowledges the US’s advanced position in tackling forced labor challenges, appreciates the EU’s efforts to enact a similar ban, and supports the idea of a joint task force. She underlines the importance of preventing goods made from forced labor from entering the US via Europe.

Highlights Include:

The fight against climate change reporting. (Harvard Law School Forum on Corporate Governance)
Are Canadians too nice to fight ABC? (GAB)
What is the opposite of right for compliance? (COI Blog)
Between a rock and a hard place. (China Law Blog)
Are you shadow trading? (NYU Corporate and Enforcement Blog)
Europe Should Be Pushed to Take On Chinese Forced Labor, U.S. Lawmakers Say (WSJ)
Corruption or Just Politics? Supreme Court Weighs New Bribery Case as More Clashes Are Brewing (WSJ)
The Department of Justice Unveils Groundbreaking Pilot Program: Incentivizing Whistleblowers with Immunity (JDSUPRA)
From Gen Z to boomers: How to give critical feedback at work (Washington Post)
Florida man pops open beer during police encounter because it was ‘cold’ and he wanted to drink it (FOX 35 Orlando)

Resources:

Kristy Grant-Hart on LinkedIn

Tom

Tags CFPOA, China, DOJ, EU, Florida Man, Forced Labor, SEC Climate Reporting Rules, Supreme Court

10 For 10

10 For 10: Top Compliance Stories For The Week Ending April 20, 2024

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Post date April 20, 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 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 compliance professionals, 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.

1. Menendez defense: My wife did it. (ABC)

2. Rethinking how your company handles cyber-risk. (FT)

3. The story of the jailed crypto officer. (NYT)

4. Jontay Porter was banned for life by the NBA for gambling on games. (ESPN)

5. More Boeing whistleblowers step forward. (WSJ)

6. Nigeria recovers $27 million in a corruption probe. (Barron’s)

7. The EU urged China to take on Chinese forced labor. (WSJ)

8. DOJ Whistleblower program rolled out. (WSJ)

9. Silence and omission are not securities fraud. (Reuters)

10. Venezuela arrests more PdVSA execs. (Bloomberg)

For more information on the Ethico ROI Calculator and a free White Paper on the ROI of Compliance, click here.

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

Connect with Tom

Tags Boeing, China, DOJ Whistleblower Bounty Program, Forced Labor, PdVSA, SEC

Daily Compliance News

Daily Compliance News: April 8, 2024 – The Eclipse Edition

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Post date April 8, 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 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.