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.
Tag: Coinbase
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.
Stories we are following in today’s edition:
- The US should stay engaged with Ukraine. (National Review)
- SEC awards the largest ever whistleblower amount, $279MM. (Reuters)
- Coinbase says if SEC lets it go public, it can’t be charged with securities law violations. (WSJ)
- Goldman Sachs is under investigation for SVB work. (NYT)
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.
Stories we are following in today’s edition of Daily Compliance News:
Categories
DFS Fines Coinbase
The award-winning, Compliance into the Weeds is the only weekly podcast that takes a deep dive into a compliance-related topic, literally going into the weeds to explore a subject more. In this episode, Matt and I take a look at the recent NY state Department of Financial Services sanction involving the crypto trading platform Coinbase, which just agreed to pay $50 million to the DFS and to spend another $50 million over the next two years to improve its compliance program.
Some of the highlights include:
· What was the fine and associated spending for?
· What did the Coinbase compliance program fail on?
· How did Coinbase’s explosive growth fuel a culture of non-compliance?
· How did Coinbase fall further and further behind?
· Why and how did the Coinbase solution worsen the problem?
· Why does a company need to start with a solid foundation of clearly defined procedures?
· What is the role of effective and efficient technology?
· What are the lessons learned?
Resources
Matt Kelly in Radical Compliance
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.
Stories we are following in today’s edition of Daily Compliance News:
· Judge accepts Danske Bank’s guilty plea. (Reuters)
· Coinbase agrees to $100MM. (WSJ)
· FTC moves to ban non-competes. (WaPo)
· Morocco caught up in the EU bribery scandal. (Euronews)
Categories
GalloCast-Episode 2
Welcome to the GalloCast. You have heard of the Manningcast in football. Now we have the GalloCast in compliance. The two top brothers in compliance, Nick and Gio Gallo, come together for a free-form exploration of compliance topics. It is a great insight on compliance brought to you by the co-CEOs of ComplianceLine. Fun, witty, and insightful with a dash of the two brothers throughout. It’s like listening to the Brothers Gallo talk compliance at the dinner table. Hosted by Tom Fox, the Voice of Compliance. Topics in this episode include:
- How do you incorporate ethics into business growth?
- Who are all the stakeholders in and for your organization?
- Why is talent acquisition and retention a key element for any business going forward?
- How to change an entire culture?
- How not to lay off employees.
- What are the micro-cultures in your organization, and how to use them to build your ethical muscles
- What is the EthicsVerse?
- Nick’s Book Challenge.
Resources
Nick Gallo on LinkedIn
Gio Gallo on LinkedIn
ComplianceLine
