Tag: corruption

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Daily Compliance News

March 21, 2022 the CCO Liability Edition


In today’s edition of Daily Compliance News:

Categories
This Week in FCPA

Episode 295 – the Baseball is Back edition


MLB and the players manage to work out their differences as Tom Brady unretires. Jay and  Tom to look at some of the week’s top compliance and ethics stories in the Baseball is Back edition.

Stories

  1. Is ESG in crisis? Lawrence Heim in practicalESG.

2.     Compliance-The Single. Matt Kelly in Radical Compliance.
3.     Corporate investigations and waiver of privilege. Debevoise lawyers in Compliance and Enforcement.
4.     Fear based compliance. Mike Volkov in Corruption Crime and Compliance.
5.     A view on corruption from the front lines. Tom and Matt interview Tim Khasinov-Batirov on Compliance into the Weeds. Matt blogs in Radical Compliance.
6.     Holistic 3rd party management. Mike Volkov, Susanna Cagle and Carol Williams in Risk and Compliance Matters.
7.     What kind of person resists a bribe? Gary Drevitch in Psychology Today.
8.     Ethisphere announces 2022 WME.  Ethisphere Press Release. Erica Salmon Byrne on the FCPA Compliance Report.
9.     Are cyber whistleblowers different. Kenji Price, Scott Ferber and Mark Schreiber in CCI.
10.  If you are going to IPO, better ESG first. Bob Conlin in Forbes.com.

Podcasts and More

11.  In March on The Compliance Life, I visit with Audrey Harris, Managing Director at AMI, formerly CCO at BHP. In Part 1, she discusses her academic background and early professional career. In Episode 2, Audrey moves to the CCO chair at BHP. In Episode 3, she moves back to private practice.
12.  Tom and Megan Dougherty are back with 2 more episodes of the MCU series. Guardians of the Galaxy Part 1 and Part 2.
13.  Taxman: On the Intersection of Tax and Compliance. A 5-part series with Tracy Howell. Part 1-why compliance needs to talk to tax. Part 2-transfer pricing. Part 3-why tax needs a seat at the table. Part 4-tax and supply chain. Part 5-tax and ESG.
14.  Tom visits with Hill Country Joanne Easley on The Hill Country Podcast.

Categories
Daily Compliance News

March 18, 2022 the IRS in the Oligarch Hunt Edition


In today’s edition of Daily Compliance News:

  • IRS in on oligarch asset hunt. (NYT)
  • Blockchain for baseball investors.  (Bloomberg)
  • Federal judge cautions hiring those who protest. (Reuters)
  • Corruption impacts almost half of Indian citizens. (Business Standard)
Categories
Daily Compliance News

March 16, 2022 the Privacy Police Edition


In today’s edition of Daily Compliance News:

  • California creating its Privacy Police. (NYT)
  • Resisting corruption.  (PsychToday)
  • Exxon loses dismissal request. (Reuters)
  • Swedbank in AML hot water again. (WSJ)
Categories
Daily Compliance News

March 15, 2022 the Compliance is Complicated Edition


In today’s edition of Daily Compliance News:

  • Compliance is complicated in the shadow of Russia. (WSJ)
  • Tencent looking at big AML fine in China.  (WSJ)
  • Corruption and death in Brazil’s imperial city. (FT)
  • Russia and managing political risk. (FCPA Blog)
Categories
Daily Compliance News

March 11, 2022 the Enablers Edition


In today’s edition of Daily Compliance News:

  • Another BitMex founder pleads guilty. (WSJ)
  • Corruption stripping Cameroon?  (Crux)
  • The Enablers of Russian oligarchs. (NYT)
  • Regime change in Pakistan? (Bloomberg)
Categories
Everything Compliance

Episode 95, the Russia Invades Ukraine Edition


Welcome to the only roundtable podcast in compliance. The entire gang was also recently honored by W3 as a top talk show in podcasting. In this episode, we have the quartet of Jonathan Marks, Karen Woody, Jonathan Armstrong, Tom Fox and Matt Kelly. We dedicate the entire episode to compliance issues arising from the Russia invasion of Ukraine. We conclude with our fan favorite Shout Outs and Rants.

  1. Karen Woody considers the impact of corruption in both Russia and Ukraine going forward. Karen shouts out to the Ukraine’s U.N. Ambassador Sergiy Kyslytsya for his impassioned plea for Russia to stop its invasion of his country this week, at the United Nations.
  1. Matt Kelly looks at the export control issues and sanctions issued by the US and its allies in this arena. Kelly shouts out Jackson Reffitt, who testified against his father in his father’s Capital Insurrection trial.
  1. Jonathan Marks discusses the sanctions which have been levied by the Biden Administration, how to assess this evolving risk and the role of the Board in managing this risk. Marks rants about Bob Blaffert (again)  and shouts out to Sonny Johnson, an autistic basketballer who made the game winning shot that helped his team win its final game of the season.
  1. Jonathan Armstrong looks at how the shooting war in the Ukraine has spilled over into a cyber war across the globe. Armstrong shouts out to Paddington Bear for giving comfort to refugees across the globe and to the voice of Paddington Bear, Ukrainian President Zelensky.
  1. Tom Fox shouts out to the Texas GOP for stopping AG Ken Paxton from renomination in the party’s primary and for forcing him into a run-off with George P. Bush.

 The members of the Everything Compliance are:

  • Jay Rosen– Jay is Vice President, Business Development Corporate Monitoring at Affiliated Monitors. Rosen can be reached at JRosen@affiliatedmonitors.com
  • Karen Woody – One of the top academic experts on the SEC. Woody can be reached at kwoody@wlu.edu
  • Matt Kelly – Founder and CEO of Radical Compliance. Kelly can be reached at mkelly@radicalcompliance.com
  • Jonathan Armstrong –is our UK colleague, who is an experienced data privacy/data protection lawyer with Cordery in London. Armstrong can be reached at armstrong@corderycompliance.com
  • Jonathan Marks is Partner, Firm Practice Leader – Global Forensic, Compliance & Integrity Services at Baker Tilly. Marks can be reached at marks@bakertilly.com

The host and producer, ranter (and sometime panelist) of Everything Compliance is Tom Fox the Voice of Compliance. He can be reached at tfox@tfoxlaw.com. Everything Compliance is a part of the Compliance Podcast Network.

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Daily Compliance News

March 10, 2022 the 4-Day Notice Edition


In today’s edition of Daily Compliance News:
·      Matthew Stephenson speaks. (Harvard Law Today)
·      Black Panther movie director arrested for ‘banking while black’.   (BBC)
·      Sunny Balwani trial to begin. (WSJ)
·      SEC proposes 4-day notice requirement for cyber breach. (Reuters)

Categories
This Week in FCPA

Episode 293 – the Ukraine Hangs On edition


As Ukraine hangs on from the Russian invasion, Jay is on assignment so fan fav Kristy Grant-Hart joins this week as a co-host with Tom to look at some of the week’s top compliance and ethics stories from the impact of the Ukrainian crisis in the Ukraine Hangs On edition. 
Stories

  1. What Russia invasion means for companies and compliance. Tom with a series in the FCPA Compliance and Ethics Blog. Matt Kelly in Radical Compliance.
  2. Dick Cassin says sanctions may lead to more corruption in the FCPA Blog.
  3. Jaclyn Jaeger looks at supply chain disruption and issues in Compliance Week (sub req’d)
  4. Matthew Murray asks if Putin invaded Ukraine to advance corruption, in GAB.
  5. Chasing oligarchs’ money, from the Washington Post.
  6. The Swiss approach to Ukraine crisis. Mark Pieth in Risk and Compliance Europe.
  7. Mike Volkov focuses on new and evolving sanctions, in Corruption Crime and Compliance.
  8. Economic nationalism and corporate governance. Martin Geller, in Harvard Law School Forum on Corporate Governance.
  9. Illicit finance and High-value art. Sullivan & Cromwell lawyers in Compliance and Enforcement.
  10. The invasion and cybersecurity. Jonathan Armstrong in Cordery Compliance.

Podcasts and More

  1. In March on The Compliance Life, I visit with Audrey Harris, Managing Director at AMI, formerly CCO at BHP. In Part 1, she discusses her academic background and early professional career.
  2. On the FCPA Compliance Report, Tom has a 2-part series with Trade Compliance guru Matt Silverman on the full extent of possible Russia sanctions (Part 1) and the corporate response you need to make (Part 2).
  3. Tom and Loren Steffy look energy issues and fallout from the Russian invasion in Greetings and Felicitations.
  4. Tom and Matt Kelly take a deep dive into the compliance weeds about the Russian invasion on Compliance into the Weeds.
  5. Silvia Surman devotes the entire week to Russian trade sanctions and economic issues in The Compliance Kitchen.
  6. Tom celebrates Texas Independence Day and the anniversary of the Alamo in a podcast with Don Frazier, Executive Director of the Texas Institute at Schreiner University on The Hill Country Podcast.

Tom Fox is the Voice of Compliance and can be reached at tfox@tfoxlaw.com. Kristy Grant-Hart is Compliance Kristy and can be reached at kgranthart@sparkcompliance.com.

Categories
Daily Compliance News

March 4, 2022 the Ericsson Edition

In today’s edition of Daily Compliance News:

  • Ex-Nissan exec given suspended sentence in Japan. (NYT)
  • CA companies perverting Federal Arbitration Act.  (Reuters)
  • Is crypto complying with sanctions. (WaPo)
  • DOJ accuses Ericsson of violating DPA. (The Guardian)