Tag: corruption

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Daily Compliance News

Daily Compliance News: May 15, 2026, The Adani Walks Free 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:

  • Nigerian ex-oil minister gets 75 years for corruption. (Reuters)
  • Adani pledges $10bn and gets a free pass. (NYT)
  • Commit fraud, self-report, and walk free in SDNY. (FT)
  • The US makes more corruption claims against Mexico. (The Guardian)

For more information on the use of AI in compliance programs, Tom Fox’s new book, Upping Your Game, is available. You can purchase a copy of the book on Amazon.com.

To learn about the intersection of Sherlock Holmes and the modern compliance professional, check out Tom’s latest book, The Game is Afoot-What Sherlock Holmes Teaches About Risk, Ethics and Investigations on Amazon.com.

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GSK in China: 13 Years Later

GSK In China: 13 Years Later – Episode 9: Anti-Corruption Enforcement and the Compliance Imperative

Thirteen years after the GSK China scandal exploded onto the global stage, its lessons remain as urgent as ever for compliance professionals and business leaders. In this podcast series, we revisit the case not simply as corporate history, but as a living cautionary tale about culture, incentives, third parties, investigations, and governance. Each episode explores what went wrong, why it went wrong, and how those failures still echo in today’s compliance and ethics landscape. Join me as we unpack the scandal and draw practical lessons for building stronger, more resilient organizations. This episode examines the GSK corruption scandal in China as a watershed moment when long-ignored anti-bribery laws were suddenly enforced, exposing multinationals that had treated systemic kickbacks as a cost of doing business.

It argues China’s crackdown under Xi Jinping reflected both domestic political necessity, restoring legitimacy through mass discipline of officials, and an economic pivot away from discretionary “toll booth” bureaucratic approvals that enable rent-seeking. The 2014 trial testimony of former energy regulator Liu Tienan is highlighted for publicly endorsing more market-based, objective processes as an anti-corruption remedy, signaling state intent. Economists estimated a $70B budget boost and a 0.1–0.5% growth lift from reduced corruption. For compliance leaders, the key takeaway is that only rigorous, evidence-backed anti-corruption programs, third-party due diligence, forensic auditing, hotlines, and aligned incentives can help distinguish rogue conduct from corporate strategy as enforcement tightens globally.

Key highlights:

  • Selective Enforcement Trap
  • Why Xi Cracked Down
  • Purging Party Corruption
  • Liu Tienan Trial Signals
  • Corruption Costs Billions

Resources:

GSK in China: A Game Changer for Compliance on ⁠Amazon.com⁠

GSK in China: Anti-Bribery Enforcement Goes Global on ⁠Amazon.com⁠

Tom Fox

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Ed. Note: the voices of the hosts, Timothy and Fiona, were created by Notebook LM based upon text written by Tom Fox

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Daily Compliance News

Daily Compliance News: May 14, 2026, The Jho Low Wants a Pardon 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:

  • Georgia Senator attacks political corruption. (Bloomberg)
  • Murdaugh murder conviction tossed. (NYT)
  • State of FL to investigate NFL for hiring black coaches, no word yet on black players. (ESPN)
  • 1MDB fugitive Jho Low asks Trump for a pardon. (WSJ)

For more information on the use of AI in compliance programs, Tom Fox’s new book, Upping Your Game, is available. You can purchase a copy of the book on Amazon.com.

To learn about the intersection of Sherlock Holmes and the modern compliance professional, check out Tom’s latest book, The Game is Afoot-What Sherlock Holmes Teaches About Risk, Ethics and Investigations on Amazon.com.

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Daily Compliance News

Daily Compliance News: May 12, 2026, The TACO Don Goes to China 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:

  • State of Texas sues Netflix for ‘spying on children.’ (Reuters)
  • TACO goes down to China. Wonder what he will cave on this trip. (NYT)
  • As Mayor of London, you have to achieve things quickly. (FT)
  • Zelenskiy’s former CoS embroiled in corruption probe. (Reuters)

For more information on the use of AI in compliance programs, Tom Fox’s new book, Upping Your Game, is available. You can purchase a copy of the book on Amazon.com.

To learn about the intersection of Sherlock Holmes and the modern compliance professional, check out Tom’s latest book, The Game is Afoot-What Sherlock Holmes Teaches About Risk, Ethics and Investigations on Amazon.com.

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Daily Compliance News

Daily Compliance News: May 11, 2026, The Tainted by Corruption or Collusion 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:

  • Just says Musk owes $2.1bn for Twitter; SEC says $1.5MM.  (Reuters)
  • China hands suspended death sentences to former Defense Ministers. (WSJ)
  • Sri Lankan Airlines’ chief, embroiled in Airbus corruption scandal, found dead. (SCMP)
  • AI notetakers are making lawyers nervous. (NYT)

For more information on the use of AI in compliance programs, Tom Fox’s new book, Upping Your Game, is available. You can purchase a copy of the book on Amazon.com.

To learn about the intersection of Sherlock Holmes and the modern compliance professional, check out Tom’s latest book, The Game is Afoot-What Sherlock Holmes Teaches About Risk, Ethics and Investigations on Amazon.com.

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Daily Compliance News

Daily Compliance News: May 8, 2026, The Unwinding the Sleaze 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 Hungarian lesson in unwinding corruption.  (Bloomberg)
  • Gambling regulators are investigating Tech QB. (ESPN)
  • The ChatGPT-ification of businesses. (WSJ)
  • A top bank official in Ukraine was suspended for corruption. (KYIV Independent)

For more information on the use of AI in compliance programs, Tom Fox’s new book, Upping Your Game, is available. You can purchase a copy of the book on Amazon.com.

To learn about the intersection of Sherlock Holmes and the modern compliance professional, check out Tom’s latest book, The Game is Afoot-What Sherlock Holmes Teaches About Risk, Ethics and Investigations on Amazon.com.

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GSK in China: 13 Years Later

GSK In China: 13 Years Later – From Compliance Crisis to Business Redesign: GSK’s Business Comeback

Thirteen years after the GSK China scandal exploded onto the global stage, its lessons remain as urgent as ever for compliance professionals and business leaders. In this podcast series, we revisit the case not simply as corporate history, but as a living cautionary tale about culture, incentives, third parties, investigations, and governance. Each episode explores what went wrong, why it went wrong, and how those failures still echo in today’s compliance and ethics landscape. Join me as we unpack the scandal and draw practical lessons for building stronger, more resilient organizations. In this episode, we consider the maxim that treating major compliance failures as purely legal problems is a business mistake, using GlaxoSmithKline’s bribery allegations in China as a case study.

Chinese police alleged GSK funneled money through travel agencies to bribe doctors and hospital officials, triggering parallel investigations and severe operational and financial impacts, including a profits warning, declines in Advair sales (12% after a prior 15% drop), and a 14% annual share price fall. CEO Sir Andrew Witty responded by emphasizing innovation, executing a $20bn asset swap to shift away from higher-risk oncology toward vaccines and consumer health, severing sales-target links to rep pay, ending payments to doctors to promote products (from 2016), leveraging transparency, and welcoming whistleblowers. The script also frames China’s strategy risk, contrasting joint-venture protection in autos with GSK’s vulnerability as an isolated foreign operator.

Key highlights:

  • Business Fallout and Numbers
  • Scarecrow Compliance Analogy
  • CEO Witty Plays Offense
  • The $20 Billion Asset Swap
  • Rewriting Sales Incentives

Resources:

GSK in China: A Game Changer for Compliance on ⁠Amazon.com⁠

GSK in China: Anti-Bribery Enforcement Goes Global on ⁠Amazon.com⁠

Tom Fox

⁠Instagram⁠

⁠Facebook⁠

⁠YouTube⁠

⁠Twitter⁠

⁠LinkedIn

Ed. Note: the voices of the hosts, Timothy and Fiona, were created by Notebook LM based upon text written by Tom Fox

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Daily Compliance News

Daily Compliance News: April 30, 2026, The Fired Then Hired 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:

  • The evolution of Trump’s corruption. (The Atlantic)
  • Trump goes after Disney. The stakes. (NYT)
  • Purdue Pharma receives $5.5bn fine. (Reuters)
  • Fired at JPMorgan for bad behavior, hired 3 days later by Citi. (FT)

For more information on the use of AI in compliance programs, Tom Fox’s new book, Upping Your Game, is available. You can purchase a copy of the book on Amazon.com.

To learn about the intersection of Sherlock Holmes and the modern compliance professional, check out Tom’s latest book, The Game is Afoot-What Sherlock Holmes Teaches About Risk, Ethics and Investigations on Amazon.com.

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Daily Compliance News

Daily Compliance News: April 28, 2026, The Corruption Convictions Upheld 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:

  • The EU is in more corruption trouble. (Euractiv)
  • US to target Mexican politicians in ABC campaign. (LATimes)
  • Former Speaker of the Ohio House loses at the Supreme Court. (KSAT)
  • Mike Madigan conviction upheld by 7th (BloombergLaw)

For more information on the use of AI in compliance programs, Tom Fox’s new book, Upping Your Game, is available. You can purchase a copy of the book on Amazon.com.

To learn about the intersection of Sherlock Holmes and the modern compliance professional, check out Tom’s latest book, The Game is Afoot-What Sherlock Holmes Teaches About Risk, Ethics and Investigations on Amazon.com.

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Daily Compliance News

Daily Compliance News: April 27, 2026, The Good Judgment 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:

  • What is good judgment? (FT)
  • Is the MACC fostering corruption? (Bloomberg)
  • Israeli President wants a deal. (NDTV World)
  • What’s in the US government supply chain? (NYT)

For more information on the use of AI in compliance programs, my new book, Upping Your Game, is available. You can purchase a copy of the book on Amazon.com.

To learn about the intersection of Sherlock Holmes and the modern compliance professional, check out my latest book, The Game is Afoot-What Sherlock Holmes Teaches About Risk, Ethics and Investigations on Amazon.com.