Tag: corruption

Daily Compliance News: December 13, 2024 – The Token Fine Edition

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Post date December 13, 2024
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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.

Eric Trump drops hints of upcoming corruption. (TNR)
South African politicians slam token fine levied on McKinsey. (FT)
Fifth Circuit invalidates NASDEQ diversity requirements. (Reuters)
Ex-Trafigura COO says he was negligent, not criminal. (Bloomberg)

For more information on the Ethico Toolkit for Middle Managers, available at no charge, click here.

Check out the entire 3-book series, The Compliance Kids, on Amazon.com.

Tags corruption, crypto, diversity, McKinsey, South Africa, Trafigura

10 For 10

10 For 10: Top Compliance Stories For the Week Ending December 7, 2024

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Post date December 7, 2024
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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 the stories every compliance professional should know from the prior week. Every Saturday, 10 For 10 highlights the most important news, insights, and analysis for the compliance professional, 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.

McKinsey agrees to FCPA settlement for corruption in South Africa. (DOJ Press Release)
Judge rejects DOJ/Boeing settlement. (WSJ)
Defense in Trafigura case can’t knock out star prosecution witness. (FT)
Was it corruption or a smart (or dumb) business deal? (TNR)
Tesla lost the case on the 2nd Musk pay package. (WSJ)
Was it fraud or worse? (NYT)
Paul Atkins was selected to head SEC. (FT)
Trump-appointed Texas judge enjoins CTA nationally. (Bloomberg)
OIG looks to hold nursing care execs responsible. (McKnight’s Long-Term Care News)
Buying/Selling homes and compliance. (Mortgage News Daily)

For more information on the Ethico Toolkit for Middle Managers, available at no charge, click here.

You can check out the Daily Compliance News for four curated compliance and ethics-related stories each day here.

Check out the entire 3-book series, The Compliance Kids, on Amazon.com.

Connect with Tom

Tags Boeing, corruption, CTA, DOJ, DPA, FCPA, McKinsey, Paul Atkins, SEC, Tesla, Trafigura

Daily Compliance News

Daily Compliance News: December 6, 2024 – The Boeing Settlement Bounced Edition

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Post date December 6, 2024
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He forgot what the Compliance Committee did. (FT)
Colombia’s Finance Minister was replaced. (Reuters)
McKinsey agrees to FCPA settlement for corruption in South Africa. (DOJ Press Release)
Judge rejects DOJ/Boeing settlement. (WSJ)

For more information on the Ethico Toolkit for Middle Managers, available at no charge, click here.

Check out the entire 3-book series, The Compliance Kids, on Amazon.com.

Tags Boeing, Colombia, corruption, DOJ, FCPA, McKinsey

Presidential Leadership Lessons for the Business Executive

Presidential Leadership Lessons – Reassessing the Legacy of Warren G. Harding

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Post date December 6, 2024
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Who are our greatest Presidents? What lessons can the modern-day business leader learn from our 46 Chiefs of State? Welcome to a new season of this award-winning podcast series with Tom Fox and Richard Lummis to delve into the great and not-so-great Presidents to mine their successes and failures for today’s business executives.

In this episode, Tom Fox and Richard Lummis delve into the presidency and life of Warren G. Harding, often labeled as one of the worst U.S. presidents. They investigate his pre-political career as a newspaper editor and discuss his rise in politics and the personal and public crises he faced. Despite his seemingly ineffective presidency, Harding saw the introduction of new technologies, progressive tax policies, and increased tariffs, which helped fuel the Roaring Twenties. However, significant scandals, including Teapot Dome, overshadowed his tenure. The episode closes by questioning whether Harding’s administration was a lost opportunity for greater achievements and more substantial reforms.

Key highlights:

Early Life and Career of Warren G. Harding
Political Rise: From Ohio to the Senate
The 1920 Presidential Campaign
Domestic Policies and Achievements
Foreign Affairs and International Relations
Scandals and Controversies
Legacy and Reassessment of Warren G. Harding

Resources:

UVA Miller Center

1. General Overview

2. Life Before Presidency

Politico-Nomination of Harding

Presidency of Harding-Warren Harding Presidential Site

Scandals-History America

Death-American Journal of Medical Science

Tags corruption, Teapot Dome, Warren G. Harding

Daily Compliance News

Daily Compliance News: December 4, 2024 – The So It Begins Edition

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Post date December 4, 2024
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Defense in Trafigura case can’t knock out star prosecution witness. (FT)
Was it corruption or a smart (or dumb) business deal? (TNR)
Matthew Smith pleads not guilty to trafficking. (BBC)
Adani case puts solar energy in India at risk. (Bloomberg)

For more information on the Ethico Toolkit for Middle Managers, available at no charge, click here.

Check out the full 3-book series, The Compliance Kids, on Amazon.com.

Tags Adani, corruption, Matthew Smith, Trafigura

10 For 10

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

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Post date November 30, 2024
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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 the compliance professional, 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.

Larry Thompson looks back. (Press Release)
VW to exit Jingjing region of China. (NYT)
Hong Kong becoming financial crime hub. (WSJ)
China Defense Minister under investigation for corruption. (FT)
Thale under corruption investigation. (BBC)
Was it fraud or worse? (NYT)
What happens when a company loses its groove. (WSJ)
How the Adani case will test the long arm of US jurisdiction. (Bloomberg)
SEC racks up $8bn in penalties under Gensler. (WSJ)
30 Chinese companies added to blacklist. (WSJ)

For more information on the Ethico Toolkit for Middle Managers, available at no charge by clicking here.

You can check out the Daily Compliance News for four curated compliance and ethics related stories each day, here.

Check out the full 3-book series, The Compliance Kids on Amazon.com.

Connect with Tom

Tags AML, China, corruption, fraud, Larry Thompson, Macy's, Southwest Airlines, Thale, trade sanctions, VW, Xingjing

Daily Compliance News

Daily Compliance News: November 27, 2024-the VW Leaves Xingjing Edition

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Post date November 27, 2024
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Welcome to the Daily Compliance News. Each day, Tom Fox, the Voice of Compliance brings to 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.

Larry Thompson looks back. (Press Release)
VW to exit Jingjing region of China. (NYT)
Hong Kong becoming financial crime hub. (WSJ)
China Defense Minister under investigation for corruption. (FT)

For more information on the Ethico Toolkit for Middle Managers, available at no charge by clicking here.

Check out the full 3-book series, The Compliance Kids on Amazon.com.

Tags corruption, corruption in China, Larry Thompson, UFLPA, VW, Xingjing

Daily Compliance News

Daily Compliance News: November 26, 2024 – The Long Arm of the Law Edition

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Post date November 26, 2024
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Thales is under a corruption investigation. (BBC)
Was it fraud or worse? (NYT)
What happens when a company loses its groove? (WSJ)
How will the Adani case test the long arm of US jurisdiction? (Bloomberg)

For more information on the Ethico Toolkit for Middle Managers, available at no charge, click here.

Check out the full 3-book series, The Compliance Kids, on Amazon.com.

Tags Adani, bribery, corruption, FCPA, Southwest Airlines, Thale

Daily Compliance News

Daily Compliance News: November 18, 2024 – The Top Wall Street Cop Edition

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Post date November 18, 2024
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The new administration has massive corruption. (The New Republic)
Jay Clayton was picked to head SDNY. (FT)
Founder of Crypto mixer sentenced to 3 years in prison. (WSJ)
US says Bill Hwang should get 21 years. (Reuters)

For more information on the Ethico Toolkit for Middle Managers, available at no charge, click here.

Check out the full 3-book series, The Compliance Kids, on Amazon.com.

Tags Bill Hwang, corruption, DOJ, Jay Clayton, SDNY

2 Gurus Talk Compliance

2 Gurus Talk Compliance – Episode 41 – The Where Are We Headed Edition

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Post date November 15, 2024
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What happens when two top compliance commentators get together? They talk compliance, of course. Join Tom Fox and Kristy Grant-Hart in 2 Gurus Talk Compliance as they discuss the latest compliance issues in this week’s episode!

Stories This Week Include:

End of ESG and crypt initiatives at SEC. (WSJ)
What science reveals about corruption. (El Pais)
FinCEN, corruption, and the real estate industry. (Reuters)
Would you trust Mattel to list your website? (NYT)
Fat Leonard was sentenced. (NYT)
10 Compliance Lessons Learned from the Telefónica Venezolana FCPA Enforcement Action (JDSUPRA)
DOJ has received 200 tips since launching the whistleblower program (LEGALDIVE)
Retaliation – The Reality From passive policy to a data-driven active anti-retaliation program (IDEAS & ANSWERS)
Connect With One Old Colleague or Boss (WSJ)
A quick guide to rekindling a business relationship gone dormant—and why it’s important to do it
Ex-Disney Employee Accused of Hacking Disney World Menus, Changing Font to Wingdings (404 MEDIA)

Register for the First Annual Compliance Podcast Network, Agora Awards for Excellence in Podcasting. Our inaugural winners are Mary Shirely and Lisa Fine for co-founding Great Women in Compliance. The event is free on Tuesday, November 19, from 12-3 PM ET. Registration and Information here.

Resources:

Kristy Grant-Hart on LinkedIn

Tom