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10 For 10

10 For 10: Top Compliance Stories For The Week Ending September 7, 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 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.

  • A Nigerian tech boss fined $250MM for a fictional company. (FT)
  • 7 people have died from a listeria outbreak so far. (NYT)
  • How much did Stewart Health Care pay its agent? (OCCRP)
  • The former VW chief goes to trial for the emissions testing scandal. (NYT)
  • HP to go after Lynch’s widow. (Reuters)
  • Another round of SEC enforcement actions for off-channel comms. (WSJ)
  • Corruption pushing Africans to immigrate. (Al Jazeera)
  • ENRC seeks $290MM from SFO for a botched investigation. (WSJ)
  • Did BoA share non-public information with investors? (WSJ)
  • Biden to block Japanese takeover of US Steel. (Bloomberg)

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.

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The Corruption Files

The Corruption Files: Stranger Than Fiction: The Bre-X Mining Scandal

What is stranger than fiction? The stories of worldwide corruption. In this podcast series, co-hosts Tom Fox, the Voice of Compliance and Mike DeBernardis, partner at Hughes Hubbard, discuss some of the most audacious corruption cases in anti-corruption enforcement. More importantly, they will discuss the lessons learned on what your organization can do to prevent running afoul of international anti-bribery laws.

In this episode of Season 2, Tom and Mike take a deep dive into the Bre-X mining scandal of the mid-1990s. Tom and Mike explore the fraudulent gold discovery announced by the Canadian company in Indonesia, which led to a massive media frenzy, skyrocketing stock prices, and eventually, a colossal financial collapse. The discussion includes the scandal’s sensational aspects, lack of individual prosecutions, and the regulatory responses that followed. Fox and DeBernardis also examine the greed and desperation driving the fraud and draw vital compliance lessons for today’s professionals.

Key Highlights:

  • Overview of the Bre-X Mining Scandal
  • The Sensational Details of the Fraud
  • The Aftermath and Lack of Prosecution
  • Regulatory and Legal Responses
  • Compliance Lessons for Today

Resources:

Mike DeBernardis on LinkedIn

HughesHubbardReed

Tom Fox

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Daily Compliance News

Daily Compliance News: September 5, 2024 – The Botched Investigation 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:

  • ENRC seeks $290MM from SFO for a botched investigation. (WSJ)
  • Another round of SEC enforcement actions for off-channel communications.  (WSJ)
  • Biden to block Japanese takeover of US Steel. (Bloomberg)
  • Corruption pushing Africans to immigrate. (Al Jazeera)

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

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Daily Compliance News

Daily Compliance News: September 4, 2024 – The Don’t Ask for Something 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:

  • Don’t ask for something like regulatory reform, as you might get it. (WSJ)
  • Former Volkswagen Chief Executive goes to trial for the emissions testing scandal. (NYT)
  • Lebanon’s former central bank head is charged with corruption. (AP)
  • How about using AI to increase profits? (FT)

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

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Daily Compliance News

Daily Compliance News: September 3, 2024 – The Fictional Company 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:

  • A Nigerian tech boss fined $250MM for a fictional company. (FT)
  • How much did Stewart Health Care pay its agent? (OCCRP)
  • 9 people have died from a listeria outbreak, so far. (NYT)
  • HP to go after Lynch’s widow. (Reuters)

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

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10 For 10

10 For 10: Top Compliance Stories For The Week Ending August 31, 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 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.

  • Treasury loosens AML requirements for financial advisors, real estate agents. (WSJ)
  • Top Chilean lawyer indicted on corruption charges. (FT)
  • Criminal convictions in Switzerland for 1MDB scandal. (Reuters)
  • More Boeing whistleblowers claim fraud by the company. (BBC)
  • Italy opens criminal investigation into yacht sinking. (FT)
  • Telegram CEO detained in France. (Bloomberg)
  • Why is Illinois so corrupt? (Chicago Tribune)
  • Nordea Bank to pay $35MM for AML violations. (WSJ)
  • South Africa investigating $7bn worth of corruption at state-owned enterprises. (Toronto Star)
  • GenZ guide for getting ahead at work. (WaPo)

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.

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Daily Compliance News

Daily Compliance News: August 27, 2024 – The Just Say No 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:

  • Saying No: Art or Science? (FT)
  • Nippon Steel’s purchase of US Steel is in peril. (NYT)
  • Why is Illinois so corrupt? (Chicago Tribune)
  • Don’t marry immigrants (at least in Texas). (Reuters)

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: August 26, 2024 – The Detained in France 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:

  • The Telegram CEO was detained in France. (Bloomberg)
  • EY is shedding more audit clients. (WSJ)
  • Italy opens a criminal investigation into the yacht’s sinking. (FT)
  • More Boeing whistleblowers claim fraud by the company. (BBC)

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

Categories
10 For 10

10 For 10: Top Compliance Stories For The Week Ending August 24, 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 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.

  • Corruption in the OIG? (The Hill)
  • Menendez resigns from the Senate. (AP)
  • Putin was shocked to find corruption in Russia. (Newsweek)
  • SEC censorship? (FT)
  • What to do about workplace assassins? (NYT)
  • Santos pleads guilty.  (WSJ)
  • TD Bank reserves $2.6 billion for the AML fine.  (WSJ)
  • An ex-Vitol trader pleads guilty. (Law360)
  • Mike Lynch’s body was found. (FT)
  • Michael Lewis issues mea culpa on SBF. (WaPo)

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

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

Connect with Tom 

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Daily Compliance News

Daily Compliance News: August 23, 2024 – The $2.6 Billion 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:

  • TD Bank reserves $2.6 billion for the AML fine. (WSJ)
  • Mike Lynch’s body was found. (FT)
  • Michael Lewis issues mea culpa on SBF. (WaPo)
  • An ex-Vitol trader pleads guilty. (Law360)

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