Tag: Corruption in South Africa

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Daily Compliance News

Daily Compliance News: February 25, 2025, The HR Reckoning Edition

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.

Top stories include:

  • A reckoning is coming in HR. (FT)
  • 9th Circuit upholds Holmes’s conviction. (Reuters)
  • South Africa’s corruption efforts lag. (Bloomberg)
  • LLMs pose security risks. (WSJ)

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Daily Compliance News

Daily Compliance News: December 10, 2024 – The Cost of Corruption Edition

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.

  • Trafigura used high-risk middlemen. (FT)
  • Inside a four-day workweek experiment. (NYT)
  • Did Boohoo illegally surveille employees? (BBC)
  • South African government is not working with McKinsey for the G-20.  (Bloomberg)

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FCPA Compliance Report

FCPA Compliance Report – Adrian Roux on South Africa’s New Compliance Legislation and Its Global Impact

Welcome to the award-winning FCPA Compliance Report, the longest-running podcast in compliance. In this edition, Tom Fox welcomes Adrian Roux, a senior associate at Edward Nathan Sonnenberg, to discuss recent legislative changes in South Africa’s anti-corruption efforts and their global relevance.

Adrian highlights the introduction of a new offense in South Africa akin to the UK’s Bribery Act’s ‘failure to prevent bribery’ offense and discusses a new policy directive for non-trial resolutions for companies facing corruption charges. Both initiatives aim to mitigate extensive corruption exposed during the Zuma era’s state capture saga, which involved high-profile public and private sector corruption cases investigated by the Zondo Commission.

Adrian explains the challenges and implications of these legislative changes for compliance professionals globally, emphasizing the importance of understanding new compliance obligations and developing adequate procedural defenses. Additionally, the episode touches on increased international cooperation between South African and U.S. authorities in white-collar enforcement. This collaboration, noted in recent FCPA enforcement actions, signifies a growing trend towards global enforcement in corporate compliance and anti-corruption matters.

Highlights in this episode:

  • New Legislative Changes in South Africa
  • Failure to Prevent Offense
  • Adequate Procedures and Compliance Programs
  • Corporate Alternative Dispute Resolution Directive
  • International Cooperation in White Collar Enforcement 

Resources:

Arian Roux on LinkedIn

ENS Law Firm

Zondo Commission Report on State Capture

Article on 34A of the Prevention and Combating of Corrupt Activities Act

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Daily Compliance News

Daily Compliance News: August 28, 2024 – The $100MM Podcast Deal Edition

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:

  • Nordea Bank to pay $35MM for AML violations. (WSJ)
  • South Africa investigating $7bn worth of corruption at state-owned enterprises. (Toronto Star)
  • Top Chilean lawyer indicted on corruption charges. (FT)
  • Mexico wants to have elected judges. What could go wrong? (See: Texas). (Bloomberg)

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Daily Compliance News

Daily Compliance News: August 1, 2024 – The New Boeing CEO Edition

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:

  • Boeing hires a new CEO.  (WSJ)
  • The US aviation company is accused of bribery in South Africa. (CH Aviation)
  • FirstEnergy loses the privilege ruling. (Reuters)
  • The EU investigates Chinese corruption in Cyprus.  (FT)

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

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10 For 10

10 For 10: Top Compliance Stories For The Week Ending April 13, 2024

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 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. EY is still under fire for Wirecard imbroglio.  (FT)

2. The former Cognizant executives trial moved yet again. (Law360)

3. US to crack down on UFLPA loophole. (WSJ)

4. Yet another Boeing whistleblower allegation. (NYT)

5. The US agrees to the Menendez trial postponement. (Reuters)

6. The imprisoned Binance Director denies the AML charge. (BBC)

7. Was Wirecard a Russian spy operation?  (FT)

8. A Vietnamese property tycoon was sentenced to death for fraud.  (FT)

9. Zuma is back on the ballot in South Africa. (Bloomberg)

10. More trouble for Boeing executives. (WSJ)

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Daily Compliance News

Daily Compliance News: April 9, 2024 – The 3 Body Problem Edition

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:

  • Chinese object to the Netflix version of 3 Bodies. (NYT)
  • South Africa risks staying on the dirty money list. (Bloomberg)
  • There is more corruption in Kenya. (VoA)
  • Was Wirecard a Russian spy operation?  (FT)

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

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Daily Compliance News

Daily Compliance News: April 4, 2024 – The Self-Reporting is Key Edition

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.

In today’s edition of Daily Compliance News:

  • The SEC says self-reporting is critical. (WSJ)
  • The South African Speaker resigns.  (Reuters)
  • A Boeing CEO reaches out to other CEOs over the scandal. (Bloomberg)
  • The former head of the Spanish football federation was arrested on corruption charges. (ESPN)

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

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10 For 10

10 For 10: Top Compliance Stories For the Week Ending March 30, 2024

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 about the stories every compliance professional should know from the prior week. Every Saturday, Tom Fox, the Voice of Compliance, curates 10 For 10 to highlight the most significant news, insights, and analysis for compliance professionals. Get your weekly fix of compliance stories with 10 for 10, a podcast from the Compliance Podcast Network.

  • Shohei Ohtani denies any knowledge of his translator’s gambling. (WSJ)
  • Luxury apartments targeted by DOJ. (WSJ)
  • Crypto-Exchange KuCoin faced money-laundering charges.  (WSJ)
  • More Chinese companies are to be added to the banned list. (WSJ)
  • Corruption drives trafficking in SE Asia. (Al Jazeera)
  • South African Speaker of Parliament charged with corruption. (WaPo)
  • The former head of the China Football Association was jailed for life for corruption.  (ESPN)
  • EY promotes neurodiverse talent. (BBC)
  • More neurodiverse claims are made in the workplace. (FT)
  • An MoD report on UK corruption vis-à-vis Saudi Arabia was found in a public archive. (The Guardian)

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.

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Daily Compliance News

Daily Compliance News: March 27, 2024 – The $135K and a Wig Edition

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:

  • Corruption drives trafficking in Southeast Asia. (Al Jazeera)
  • South African Speaker of Parliament charged with corruption. (WaPo)
  • A former head of the China Football Association was jailed for life for corruption.  (ESPN)
  • A witness alleges there are tapes of Hungarian corruption. (AP)

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