Categories
Daily Compliance News

Daily Compliance News: August 6 2019, the SFO names names edition

In today’s edition of Daily Compliance News:

  • Four Petrofac managers named by SFO in bribery scheme. (The Guardian)
  • Good work if you can get it; law firm’s bills NRA $97K per day. (AboveTheLaw)
  • Is this why chicken costs so much? (WSJ)
  • Businesses struggle to come to grips with massacares. (Dealbook)
Categories
Daily Compliance News

Daily Compliance News: August 3, 2019, the let them eat cake edition

In today’s edition of Daily Compliance News:
Wells Fargo does not only abuse customers but vendors as well. (WSJ)
PwC fined in Mexico. (MarketWatch)
Right wing groups want CITGO to go down. (Houston Chronicle)
FCR fines KPMG $6.1MM? (WSJ)

Categories
This Week in FCPA

This Week in FCPA-Episode 165– the Greinke to the Astros edition

The Astros hit a home run on the last minute of the trading deadline by obtaining Zack Greinke and Jay asks just how insufferable Tom will be until the Astros win the World Series again (Hint: Very). While Tom gloats, he and Jay turn their collective eyes to some of this week’s top compliance and ethics stories.
  1. Third parties are still the highest FCPA risk. So why are you still using them? Alexandra Gillies explores.
  2. How to manage high-risk distributors? Mike Volkov with a 2 part series.
  3. What is conspicuous integrity in the corporate setting? Shirin Ahlhauser explains.
  4. What is cognitive governance? James Bone begins a 5-part series.
  5. What is present responsibility and how does it related to debarment? Jay explains.
  6. What are the disclosure and notification requirements when managing a crisis? Lawyers from Cleary Gottlieb explain.
  7. Wonder if ethics and compliance still matter? Four Wachtel Lippon lawyers explain.
  8. Why do you need social media compliance as part of your ethics and compliance program. John Horowitz tells us in Navex Global’s Ethics and Compliance Matter
  9. Why the identification of high risk employees is critical. Jeff Kaplan explains.
  10. Comings and goings in the DOJ Fraud Section. Dylan Tokar reports.
  11. Our colleague Doug Cornelis participates in the annual 2-day, 192 mile Pan-Mass Bike Challenge which raises money for the fight against cancer. I hope you will join my again in supporting Doug by donating to PMC. Information on Doug’s ride, why he rides and donation button are all found here.
Tom Fox is the Compliance Evangelist and can be reached at tfox@tfoxlaw.com. Jay Rosen is Mr. Monitor and can be reached at jrosen@affiliatedmonitors.com.
For more information on how an independent monitor can help improve your company’s ethics and compliance program, visit our sponsor Affiliated Monitors at www.affiliatedmonitors.com.
Categories
Daily Compliance News

Daily Compliance News: August 2, 2019, the Summertime Blues edition

In today’s edition of Daily Compliance News:
  • Another way in which the 737 MAX is impacting the economy. (WSJ)
  • Chinese billionaire indicted in tariff scam. (WSJ)
  • Trump want the Pentagon to use Oracle, the Pentagon does not. (Washington Post)
  • Did Google fire an engineer for being a Republican? (WSJ)
Categories
Daily Compliance News

Daily Compliance News: August 1, 2019, the no harm, no foul edition

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)
Categories
Daily Compliance News

Daily Compliance News: July 31, 2019, the changes at the DOJ edition

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)
Categories
Daily Compliance News

Daily Compliance News: July 30, 2019, are CEOs sociopaths edition

In today’s edition of Daily Compliance News:

  • In a provocative piece the NYT Dealbook explores a new approach to corporate governance. (NYT)
  • As a middle manager do you need stage presence? (FT)
  • Deutsche Banks even fouls about employee terminations.(FT)
  • FT OpEd says DOJ must make antitrust work for the tech era. (FT)
Categories
Daily Compliance News

Daily Compliance News: July 29, 2019, the your boss is spying on you edition

In today’s edition of Daily Compliance News:

  • 737 Max scandal almost inevitable. (NYT)
  • Making your meetings better. (FT)
  • Israeli government to shutter anti-corruption office. (Haaretz)
  • Don’t worry about Chinese spying on you, worry about your boss. (WSJ)
Categories
This Week in FCPA

This Week in FCPA-Episode 164 – the Microsoft and Facebook settle edition

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.

  1. 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.
  2. Microsoft settles FCPA enforcement action for $25MM.
  3. Can an ethical culture be measured? Vera Cherepanova says yes.
  4. What is a ‘pulse check’ for compliance? Mary Shirely explains.
  5. What is the intersection of FCPA enforcement and suspension and debarment? Jay explains.
  6. What are the 5 complaince takeaways from the Walmart FCPA enforcement action? Jaclyn Jaeger weighs in. (sub req’d)
  7. Is Santa Claus real? Jonathan Rusch on the Chinese anti-corruption efforts around Belt and Road.
  8. Are there too many cooks in the FCPA enforcement kitchen? Helen Jiang says no.
  9. Trade sanction fines hit alltime high. Mengqi Sun reports.
  10. The week’s notable milestone-Mike Volkov celebrates his 100thanniversary show.
  11. 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.

 

Categories
Everything Compliance

Everything Compliance-Episode 50-July Reflections Edition

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.

  1. 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.
  1. 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.
  1. 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.
  1. 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.
  1. 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.
  1. 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:

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.