Tag: corruption

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Daily Compliance News

Daily Compliance News: August 6, 2024 – The Texans Don’t Want Corruption 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:

  • Texans don’t want corruption in government.  (YahooNews)
  • Law firms should let associates unplug (good luck with that). (Reuters)
  • Banned AI chips coming into the US. (NYT)
  • Who makes the corporate rules? (FT)

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

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10 For 10

10 For 10: Top Compliance Stories For The Week Ending August 3, 2024

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.

  • The EU investigates Chinese corruption in Cyprus. (FT)
  • US aviation company accused of bribery in South Africa. (Business Insider)
  • Glencore trader criminally charged by SFO for bribery. (FT)
  • Meta agrees to pay the state of Texas a $1.2 billion fine. (Texas Tribune)
  • FirstEnergy loses the privilege ruling. (Reuters)
  • Are corporate criminal convictions ‘just a footnote’?   (WSJ)
  • State Street agreed to a $7.5 million fine for Russia’s sanctions violations. (WSJ)
  • Mozambique wins the ‘hidden debt’ case. (Barron’s)
  • The top Trump bundler connected the FirstEnergy corruption scandal. (Ohio Capital Journal)
  • Raytheon (RTX) sets aside $959 million for pricing, corruption probe fine.   (Bloomberg)

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.

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Daily Compliance News

Daily Compliance News: August 1, 2024 – The New Boeing CEO 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:

  • Boeing hires a new CEO.  (WSJ)
  • The US aviation company is accused of bribery in South Africa. (CH Aviation)
  • FirstEnergy loses the privilege ruling. (Reuters)
  • The EU investigates Chinese corruption in Cyprus.  (FT)

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: July 31, 2024 – The Just a Footnote 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:

  • Are corporate criminal convictions ‘just a footnote’?   (WSJ)
  • The top 10 most corrupt officials in Nigeria. (Business Insider)
  • How bad was the Post Office Horizon scandal? (BBC)
  • Starbucks new CEO is on the hot seat (including the former CEO). (FT)

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: July 29, 2024 – The RTX Reserves 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:

  • Raytheon (RTX) sets aside $959MM for pricing, corruption probe fine.  (Bloomberg)
  • State Street agreed to $7.5MM fine for Russia sanctions violations.  (WSJ)
  • Top Trump bundler connected FirstEnergy corruption scandal. (Ohio Capital Journal)
  • Trump vows to end crypto enforcement. (FT)

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: July 22, 2024 – The Victims’ Families 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:

    • Boeing victims’ families object to the DOJ monitoring process. (FT)
    • The Zambian President fires the entire anti-corruption board.  (BBC)
    • Alaska judge scandal prompts referral to OIG. (Reuters)
    • MAGA states fight against national AML policies.  (WSJ)

 

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: July 19, 2024 – The Disreputable Conduct 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:

  • Ex-Goldman banker pleads not guilty to bribery and corruption charges.  (WSJ)
  • Ex-Segantii Capital Management employee alleged with ‘disreputable conduct’. (FT)
  • A study recommends the US judiciary improve workplace misconduct systems. (Reuters)
  • Yet another conviction in CA gun license bribery scandal. (The Mercury News)

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

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The Corruption Files

The Corruption Files: Exploring The Teapot Dome Scandal: Lessons from a Century – Old Corruption Case

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 one of the seminal scandals of the 20thcentury, the Teapot Dome scandal.

The infamous Teapot Dome scandal occurred during Warren Harding administration. Tom and Mike take a deep dive into a historical overview of the event, detailing steps taken by key figures like Albert Fall, who leased federal oil reserves to his associates without competitive bidding, resulting in massive corruption and eventual convictions. The discussion highlights the scandal’s significant impact on U.S. governance, including the first conviction of a former cabinet member, and underscores enduring compliance lessons relevant to modern-day corruption cases.

Key Highlights:

  • Historical Context of the Teapot Dome Scandal
  • The Scandal Unfolds: Key Players and Actions
  • Investigations and Revelations
  • Legal Consequences and Fallout
  • Lessons and Reflections

Resources:

Mike DeBernardis on LinkedIn

HughesHubbardReed

Tom Fox

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Daily Compliance News

Daily Compliance News: July 17, 2024 – The Menendez Guilty 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:

  • Senator Robert Menendez is guilty.  (WSJ)
  • Carlos Watson was found guilty. (Bloomberg)
  • Deutsche Bank flouted accounting rules. (FT)
  • Does Amazon Prime Day cause injuries?  (WaPo)

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

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10 For 10

10 For 10: Top Compliance Stories For The Week Ending July 13, 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 compliance professionals, 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.

  • DOJ seeks to boost defense of TikTok divestiture law.  (Reuters)
  • The new normal of office life. (FT)
  • A former Indonesian minister was sentenced to 10 years for corruption. (ABCNews)
  • Archegos founder is guilty. (NYT)
  • In closing, Menendez lawyers say bars of gold are not evidence of bribery. (Reuters)
  • DOJ targets white collar crime via whistleblowers. (WaPo)
  • 2024 Tiger tally thru June 30. (South China Morning Post)
  • Boeing agrees to plead guilty to a felony count.  (NYT)
  • $50 billion in Medicare fraud has been unearthed. (WSJ)
  • Legal Fee Tracker: Billions on the line in fee fight over Musk’s pay (Reuters)

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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