In today’s edition of Daily Compliance News:
- Martin Shkreli Loses His Appeal (NYT)
- Surprise Surprise, Huawei making money. (WSJ)
- Can Karinova pay her way out of prison? (Global Anticorruption Blog)
- Are higher audit costs worth paying? (FT)
Tag: compliance
In today’s edition of Daily Compliance News:
- Changes in the DOJ Fraud Section. (WSJ)
- Micronesian government official sentenced in FCPA case. (WSJ)
- Auditors in the spotlight in Oxy proxy fight. (MarketWatch)
- Rolls Royce booked with bribery in India. (TheHindu)
In today’s edition of Daily Compliance News:
While Facebook announces a settlement with the FTC and Microsoft settles an outstanding FCPA enforcement action, Tom and Jay return to discuss both events and some of this week’s top compliance and ethics stories which caught their collective eyes.
- Facebook settles with the FTC for $5bn. Does it matter? Mike Issac and Natasha Singer in the NYT. Kevin LaCroix on why data privacy is such a high corporate risk. SEC piles on with another $100MM.
- Microsoft settles FCPA enforcement action for $25MM.
- Can an ethical culture be measured? Vera Cherepanova says yes.
- What is a ‘pulse check’ for compliance? Mary Shirely explains.
- What is the intersection of FCPA enforcement and suspension and debarment? Jay explains.
- What are the 5 complaince takeaways from the Walmart FCPA enforcement action? Jaclyn Jaeger weighs in. (sub req’d)
- Is Santa Claus real? Jonathan Rusch on the Chinese anti-corruption efforts around Belt and Road.
- Are there too many cooks in the FCPA enforcement kitchen? Helen Jiang says no.
- Trade sanction fines hit alltime high. Mengqi Sun reports.
- The week’s notable milestone-Mike Volkov celebrates his 100thanniversary show.
- This week Tom had a special 5-part podcast series sponsored by AMI on the use of monitors by State AGs, with Jerry Coyne. Check out the following: Part 1-Introduction to the Role of State AGs; Part 2-Big Tobacco litigation; Part 3– Litigation in the post-tobacco era; Part 4-Current Multistate litigation challenges; Part 5-the Road Ahead. The podcast is available on multiple sites: the FCPA Compliance Report, iTunes, JDSupra, Megaphone,YouTube, Spotifyand Corporate Compliance Insights. The Compliance Podcast Network joins C-Suite Radio.
Welcome to the only roundtable podcast in compliance. Today, we have the full quintet of Mike Volkov, Jay Rosen, Matt Kelly, Jonathan Armstrong and Sarah Hadden. Rants and shouts outs follow the commentary for this episode.
- Jay Rosen considers why governmental entities other than the federal government benefit from independent integrity monitors in their oversight capacity. This includes state AGs, state regulators, counties, cities and school districts. Jay reflects on the anniversary of his father’s death and shouts out to his memory for all the great advice he got from him.
- Jonathan Armstrong considers how the ICO has bared its teeth in two recently proposed enforcement actions for data breaches; British Airways and Marriott. Jonathan shouts out to the England team which won the recently concluded Cricket World Cup and to the graciousness in defeat of the New Zealand team which lost in heartbreaking fashion.
- Sarah Hadden reflects on her six-month ride as owner/publisher of Corporate Compliance Insights. Hadden shouts out to a team of a female filmmakers who have formed One Vote at a Time dedicated to the eradication of gun violence. Not only do they believe in a future free of gun violence but they deploy skills to elect legislators at all levels of government to fight for it.
- Matt Kelly considers the compliance lessons from the Trump Administration’s detention camps on the US/Mexico border. Kelly rants about the USOC which is hiring its very first CCO. He also notes that it took him six clicks to find the USOC Code of Conduct on the Commission’s website.
- Mike Volkov discusses the new DOJ Antitrust Division’s Evaluation of Corporate Compliance Programs in Criminal Antitrust Investigations. Volkov shouts out to the Greater Houston Business and Ethics Roundtable (GHBER) as a model for local business ethics groups.
- Tom joins in a shout out to the author Andrea Camilleri, at the age of 69, took up mystery novel writing and came up with the Inspector Montalbano detective books.
The members of the Everything Compliance are:
- Jay Rosen– Jay is Vice President, Business Development Corporate Monitoring at Affiliated Monitors. Rosen can be reached at JRosen@affiliatedmonitors.com
- Mike Volkov– One of the top FCPA commentators and practitioners around and the Chief Executive Officer of The Volkov Law Group, LLC. Volkov can be reached at mvolkov@volkovlawgroup.com.
- Matt Kelly– Founder and CEO of Radical Compliance. Kelly can be reached at mkelly@radicalcompliance.com
- Jonathan Armstrong–is our UK colleague, who is an experienced lawyer with Cordery in London. Armstrong can be reached at armstrong@corderycompliance.com
- Sarah Hadden–Publisher at Corporate Compliance Insights. Hadden can be reached at Sarah@corporatecomplianceinsights.com
The host and producer (and sometime panelist) of Everything Compliance is Tom Fox the Compliance Evangelist. Everything Compliance is a part of the Compliance Podcast Network.
In today’s edition of Daily Compliance News:
- CVS alleged to have used compliance personnel as ‘pickers and packers’. (NYT)
- Even head of FCA says regs to complicated. (FT)
- Be careful out there: British Airways and Lufthansa canceled all flights to Cairo. (Washington Post)
- Lawmakers ask Trump to get out of Pentagon contracting decisions. (Reuters)
In today’s edition of Daily Compliance News:
- Sackler family name removed from the Louvre. (NYT)
- More fallout from Sarclad acquitals. (WSJ)
- EU open anti-competition investigation into Amazon. (Washington Post)
- Payola hoops coach sentenced to time served. (NY Post)
- French bank Société Générale sued over Cuba holdings.(WSJ)
- In testimony, former South African President Zuma says no graft occurred. (Irish Times)
- Waivers and the SEC. (WSJ)
- EU holds seven optical companies guilty of cartel behavior. (EU Competition Commission)
