- French bank Société Générale sued over Cuba holdings.(WSJ)
- In testimony, former South African President Zuma says no graft occurred. (Irish Times)
- Waivers and the SEC. (WSJ)
- EU holds seven optical companies guilty of cartel behavior. (EU Competition Commission)
Tag: corruption
Tom and Jay are on opposite coasts yet again. But they are back together to consider Walmart, TechnipFMC and a host of other news from the world of compliance and ethics. They are back to discuss some of this week’s top compliance and ethics stories which caught their collective eyes.
- Last week Walmart, this week TechnipFMC. Harry Cassin breaks it down in the FCPA Blog. Dylan Tokar in the WSJ Risk & Compliance Journal.
- The pundits weigh on Walmart. Tom has a four part series (Part 1, Part 2, Part 3, Part 4) Mike Volkov has a 3-part series (Part 1, Part 2, Part 3) Matt Kelly says it’s the end of an era in Radical Compliance.
- How did Walmart’s $900+ in presettlement expenditures impact its final penalty? Dylan Tokar explores in the WSJ Risk & Compliance Journal.
- Mike Lynch takes the stand in London, says Meg Whitman wasn’t up to the job. Richard Crump reports in Law360.
- After FBI skewered DOJ gets conviction in Boston FCPA sting trial. Department of Justice Press Release.
- Internal control airball in Sacramento? Matt Kelly explores in Radical Compliance.
- What is the state of cyber security in mid-2019? Jonathan Rusch explores on Dipping Through Geometries.
- Does the EU whistleblower initiative enhance corporate culture? Pauline Blondet in CCI.
- Can regulators leverage monitors? Jay Rosen explores on CCI.
- Tom has a special 5-part podcast series this week, looking the current state of compliance with Terry Orr, MD of Kroll, who was the sponsor of the series. Check out the following: Part 1-Orr’s Journey to compliance; Part 2-significant FCPA enforcement actions; Part 3– the new DOJ Guidance; Part 4-Private Equity and Compliance; and Part 5-new challenges in healthcare compliance. The podcast is available on multiple sites: the FCPA Compliance Report, iTunes, JDSupra, Megaphone,YouTube, Spotifyand Corporate Compliance Insights, Compliance Podcast Networkand now on the C-Suite Radio Network.
- AP Capaldo-Aoun and Marcia Narine Weldon join the Compliance Podcast Network with their new podcast Integrity Factor. Check them out here.
- Tom and Hanzo combine for a new eBook THE 2019 GUIDE TO INTERNAL INVESTIGATIONS FOR COMPLIANCE – An eBook on Planning, Protocols, Data Collection, Triage, and Remediation. It’s available for download at no charge 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.
In today’s edition of Daily Compliance News:
- Trump wants to sue Google and Facebook but doesn’t know why. (Washington Post)
- What if you business model is so bad your employees walk out? (NYT)
- Allegations of corruption are bad for business. (FT)
- Major corruption scandal in Hawaii. (Slate)
Books reviewed in today’s edition of Daily Compliance News:
- Boeing CEO finally apologizes. (NYT)
- A conversation about hugging in the workplace. (Washington Post)
- SEC fines Chinese bank $42 million for mishandling ADRs. (MarketWatch)
- Israeli Court Convicts Sara Netanyahu of corruption. (Jeruselem Post)
In today’s edition of Daily Compliance News:
In today’s edition of Daily Compliance News:
- Senegal justice ministry calls for inquiry into energy contracts. (Reuters)
- Convicted opioid pusher Insys files for bankruptcy. (NYT)
- Trump said he was “a little bit concerned” about Raytheon/United Technologies merger. (Washington Post)
- Will California strengthen its data protection laws? Not if Big Tech can help it. (Bloomberg)
As the enjoy the Astros continue their decimation of their AL West opponents and the lads celebrate finally getting their own iTunes show, they return to discuss both events some of this week’s top compliance and ethics stories which caught their collective eyes.
1. Complexity and compliance, how do you deal with this in your compliance program?
2. The SEC gives two whistleblowers a premium for reporting internally before disclosing to regulators.
3. Wither CITGO? Tom predicts things will go downhill quickly in a FCPA kind of way.The next day the government announces a subpoena to CITGO for potential FCPA violations.
4. The Malaysian Anti-Corruption Commission on extending the commitment of management to do business in compliance and ethically.
5. Managing Anticorruption Compliance Under the EU’s General Data Protection Regulation. An article by Ruta Mrazauskaite.
6. Is Exxon evil? Jaclyn Jaeger thinks so and explains why in an Op-Ed.
7. Mike Volvok follows his 3-part series on auditing your investigative protocol with a 4-part series on a sanctions compliance program.
8. Why is compliance is critical in the daily changing Trump trade wars against everyone. Paul Ziobro reports on FedEx.
9. Why a ‘necessary evil’ does not constitute effective compliance. Mary Bennett explains.
10. ESG Screening Underscores Challenges in Third-Party Risk Management. Brian Alster considers.
11. This week Tom had a special 5-part podcast series sponsored by AMI on the new Justice 2019 Guidance featuring Eric Feldman. Check out the following: Part 1-Introduction;Part 2-Well-designed;Part 3– Effectively Implemented; Part 4-Working in Practice; Part 5-Final Thoughts. The podcast is available on multiple sites: the FCPA Compliance Report, iTunes, JDSupra, Megaphone,YouTube, Spotifyand Corporate Compliance Insights. The Compliance Podcast Networkjoins C-Suite Radio.
12. Join Tom in Boston for his industry leading Compliance Master Class on June 11 & 12. Listeners who attend will receive a complimentary copy of The Compliance Handbook. Registration and Information is here. Join Tom, Eric Feldman, Vin DiCianni and Jay at the AMI Roundtable in Boston on June 13 for a deep dive into the DOJ’s new Evaluation of Corporate Compliance Programs-2019 Guidance. Information and registration is 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.
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.
In today’s edition of Daily Compliance News:
- KPMG Director accused of bullying steps down?(FT)
- The SFO fines F.H. Bertling Ltd. £850,000 for role in Angola bribery. (WSJ)
- SEC files charges against unregistered $100 million crypto token offering.(MarketWatch)
- SEC issues joint whistleblower award. (FCPA Blog)
As the lads wish a fond farewell to May, enjoy the Astros still leading the MLB with the best record and looking forward to the start of summer, they return to discuss both events some of this week’s top compliance and ethics stories which caught their collective eyes.
- Dave Lefort’s Top 10 takeaways from Compliance Week 2019. (sub req’d) Tom, Mary Shirley, Lisa Fine and Amii Bernard-Bahn provide their reflections on a cross-posted podcast.
- Why ethics matters at the top.
- Can UNCAC help Mozambique recover funds stolen through corruption? Rick Messick explores.
- What is cooperation and remediation? Matt Kelly explores.
- Why is pre-acquistion DD from the compliance perspective now critical in France? Antoine F. Kirry, Frederick T. Davis, and Alexandre Bisch discuss.
- How much does a monitorship cost? Jay continues his multipart series on monitorships .
- How do you audit your investigative protocol? Mike Volkov explains in a 3-part series on his blog site Corruption, Crime and Compliance.
- Why is visibility key for compliance? Elsa Chan explores.
- CITGO now part of PdVSA/Venezuelan corruption scandal. Dick Cassin reports. Marissa Luck.
- Is there a legal duty to set the right ‘tone at the top?”
- This week Tom had a special 5-part podcast series sponsored by Hanzo on using AI and data analytics in compliance investigations. Check out the following: Part 1-Current State of Investigations; Part 2-Using AI and Web-Based Evidence; Part 3– Overcoming Investigative Challenges; Part 4-Improving Investigative Efficiencies; Part 5-Where are investigations headed? The podcast is available on multiple sites: the FCPA Compliance Report, iTunes, JDSupra, Megaphone,YouTube, Spotifyand Corporate Compliance Insights. The Compliance Podcast Networkjoins C-Suite Radio.
- Join Tom in Boston for industry leading Compliance Master Class at the offices on AMI on June 11 & 12. Listeners who attend will receive a complimentary copy of The Compliance Handbook. Registration and Information is here. Join Tom, Eric Feldman, Vin DiCianni and Jay at the AMI Roundtable in Boston on June 13 for a deep dive into the DOJ’s new Evaluation of Corporate Compliance Programs-2019 Guidance. Information and registration is 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.
