Tag: corruption

Daily Compliance News: April 23, 2026, The Who Gets Profit Disgorgement Edition

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Post date April 23, 2026
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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.

Top stories include:

Spain seeks to close the investigation into the wife of the Spanish PM. (Reuters)
Anthropic is investigating unauthorized use of Mythos. (FT)
Crypto billionaire accuses the Trump family’s Liberty World of ‘criminal extortion’. (WSJ)
Matt Levine explores who should get disgorged profits. (Bloomberg)

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.

Tags Anthropic, corruption, Liberty World, Matt Levine, Mythos, profit disgorgement, SEC, Spain, Trump Family

Daily Compliance News

Daily Compliance News: April 22, 2026, The AI Hallucinations from Sullivan & Cromwell Edition

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Post date April 22, 2026
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Top stories include:

Ex-Algerian Minister of Industry jailed for corruption. (Aljazeera)
A wish list for John Ternus. (NYT)
Best 5 books on the Fed. (WSJ)
AI hallucinations from Sullivan & Cromwell court filing. (FT)

Interested in attending Compliance Week 2026? Click here for information and Registration. Listeners to this podcast receive a 20% discount on the event. Use the Registration Code TOMFOX 20

Tags AI, AI hallucinations, Apple, corruption, John Ternus, The Fed

Daily Compliance News

Daily Compliance News: April 21, 2026, The Scambodia Edition

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Post date April 21, 2026
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Top stories include:

Pope Leo calls on Angolans to fight corruption. (Africa News)
Should CEOs be the face of a company? (NYT)
Cambodia’s business model is scamming. (WSJ)
SCt to review SEC disgorgement powers. (Reuters)

Interested in attending Compliance Week 2026? Click here for information and Registration. Listeners to this podcast receive a 20% discount on the event. Use the Registration Code TOMFOX 20

Tags Cambodia, CEOs, corruption, Pope Leo, Scambodia, SEC, Supreme Court

Daily Compliance News

Daily Compliance News: April 17, 2026, The We’re Not Busy Edition

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Post date April 17, 2026
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Top stories include:

Key Philippine corruption figure arrested. (BBC)
The Trump Administration retreats on white-collar crime. (The Dispatch)
Live Nation found guilty of monopolization. (WSJ)
White-collar defense lawyers are not busy under the Trump Administration. (FT)

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.

Tags corruption, Trump Administration, white-collar crime

GSK in China: 13 Years Later

GSK In China: 13 Years Later – The Verdicts

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Post date April 16, 2026
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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 analyzes the GSK China scandal and its compliance implications, beginning with the 2014 Shanghai trial of private investigators Peter Humphrey and Yu Yingzeng, convicted under a vague 2009 privacy law for illegally purchasing sensitive personal data (IDs, travel, and phone records) using hidden cameras and data brokers, resulting in prison terms and fines. Their arrest overlapped with a GSK-commissioned probe into a sex tape involving China chief Mark Reilly, as China separately convicted GSK in a secret Hunan trial, imposing a record 3 billion RMB (~$491M) fine tied to bribes routed through travel agencies via inflated conference budgets and kickbacks to doctors. Executives gave televised confessions yet received suspended sentences, reflecting a strategy of corporate submission and public exposure over incarceration. The market reaction was muted, but GSK responded by ending payments to doctors and replacing volume-based sales commissions with qualitative metrics, creating a modern compliance blueprint while highlighting ongoing UK Bribery Act and FCPA exposure. Our hosts are Timothy and Fiona.

Key highlights:

Investigators on Trial
GSK Secret Verdict
Executives Sentenced
Judicial Strategy Explained
Global Compliance Blueprint

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

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

Tags bribery, China, corruption, GSK, Gsk in China, GSK verdicts, Sex Tape

Daily Compliance News

Daily Compliance News: April 16, 2026, The Bribery is Legal in Illinois Edition

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Post date April 16, 2026
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Top stories include:

Britain to extend ban on gag orders. (Global Banking & Finance Review)
Don’t be rude to the Southwest Airlines receptionist. (Business Insider)
Two convicted ComEd execs ordered released. (Chicago Tribune)
The Golden Age of Corruption in America. (Newsweek)

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.

Tags ComEd, corruption, culture, Gag Orders, Illinois, NDAs

Daily Compliance News

Daily Compliance News: April 14, 2026, The Annoyance Economy Edition

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Post date April 14, 2026
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Top stories include:

How much does the Annoyance Economy cost you? (NYT)
Texas AG to probe ‘chemicals in clothes’. (Reuters)
Spanish PM’s wife charged with corruption. (Bloomberg)
KPMG reduces the role of humans in audits. (WSJ)

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.

Tags Annoyance Economy, corruption, External Audit, KPMG, PFAS chemicals, Spain

SBR - Authors' Podcast

SBR-Author’s Podcast: Bribery Beyond Borders: The Hidden History and Future of the FCPA with Severin Wirz

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Post date April 14, 2026
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Welcome to the SBR-Author’s Podcast! In this podcast series, Host Tom Fox visits with authors in the compliance arena and beyond. In this episode, Tom Fox welcomes Severin Wirz, Senior Director for Ethics and Compliance at Applied Materials and author of “Bribery Beyond Borders: The Story of the Foreign Corrupt Practices Act.”

The book is about the origins, narrative approach, and future of FCPA enforcement. Severin explains he used storytelling to challenge conventional views that the FCPA was merely post-Watergate morality or the product of Stanley Sporkin alone, tracing a longer lineage of U.S. anti-corruption laws (Federal Corrupt Practices Act, Travel Act, Hobbs Act, RICO, Bank Secrecy Act) instead. He recounts the United Brands/Eli Black scandal, Wall Street Journal reporting that broke key bribery revelations, Stanley Sporkin’s role at the SEC, and the legislative influence of Frank Church and William Proxmire amid debates over disclosure, criminalization, and books-and-records provisions. Severin discusses shifting geopolitical drivers of enforcement and recommends related reading and contact options.

Key highlights:

Severin’s Compliance Journey
Writing FCPA as a Thriller
Eli Black Scandal Breaks
Sporkin and SEC Momentum
Journalists Connect the Dots
Frank Church and Cold War Stakes
Proxmire Gets It Passed
Three Visions of the FCPA
Future Enforcement and Geopolitics

Resources:

Severin Wirz on LinkedIn

Bribery Beyond Borders: The Story of the Foreign Corrupt Practices Act on CCI and Amazon.

Tom Fox

Tags bribery, Bribery Beyond Borders by Severin Wirz, corruption, FCPA, Frank Church, SEC, Severin Wirz, Stanley Sporkin

Daily Compliance News

Daily Compliance News: April 6, 2026, The CSI Uncovered Corruption Edition

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Post date April 6, 2026
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Top stories include:

Corruption in Croatian skiing. (SkiRacing)
How a CSI uncovered SC police corruption. (WSJ)
What’s next for FirstEnergy execs? (Cleveland)
Russian corruption is fueling massive troop losses. (PBS News Hour)

Tags corruption, Corruption in Russia, CSI, FirstEnergy, skiing

FCPA Compliance Report

FCPA Compliance Report: From DOJ’s 7 Compliance Pillars to Sentencing Mitigation: Joseph De Gregorio’s Compliance Rebuild Framework – Part 1

In this episode, Tom Fox welcomes former Wall Street trader Joseph De Gregorio, who was federally convicted and now applies a “compliance rebuild” methodology to demonstrate genuine remediation under legal scrutiny. This is Part 1 of a two-part podcast series.

Using the Matthew Bowyer illegal sports betting case, Joseph explains the federal pre-sentence interview and pre-sentence report (PSR) process, emphasizing that the probation officer’s credibility assessment and PSR narrative heavily influence sentencing and downstream treatment across the federal system. He describes submitting a 3,500-word personal narrative before the PSR interview, which was attached in full and cited by the judge as mitigation, resulting in a one-year-and-a-day sentence rather than the government’s four-year request. Joseph maps DOJ’s seven corporate compliance program dimensions to individuals via a personal compliance manual, independent accountability structure, credentialed education, verifiable monitoring, documented transparency, voluntary discipline actions, and a post-sentencing continuous improvement plan centered on victims-first accountability.