Welcome to the Daily Compliance News. Each day, Tom Fox, the Voice of Compliance brings to you four 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. Stories we are following in today’s edition of Daily Compliance News:
Tag: crypto
Welcome to the Daily Compliance News. Each day, Tom Fox, the Voice of Compliance, brings you four 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.
Stories we are following in today’s edition of Daily Compliance News:
· Chevron is going back into Venezuela. (WSJ)
· Amazon is hoping to settle by year-end with the EU. (Reuters)
· Don’t let crypto fraud diminish blockchain. (FT)
· Huawei and ZTE banned. (Bloomberg)
The award-winning, Compliance into the Weeds is the only weekly podcast that takes a deep dive into a compliance-related topic, literally going into the weeds to explore a subject more. In this episode, we consider the recent collapse of the cryptocurrency trading platform FTX. We look at it from a variety of angles. Highlights include:
· Where does FTX rate in terms of catastrophic business failures?
· What were the internal control failures?
· How much fraud was involved?
· FTX is domiciled outside the US. What does that mean for the review process?
· Will this lead to regulation over crypto?
Resources
Matt Levine in Bloomberg on FTX’s balance sheet
Matt Kelly in Radical Compliance
In today’s edition of Daily Compliance News:
- Crypto fraud trader pleads guilty to $100MM fraud. (WSJ)
- Captain of Exxon Valdez dies. (NYT)
- Corruption and climate change. (WaPo)
- Former Puerto Rican official sentenced for bribery. (DOJ Press Release)
In today’s edition of Daily Compliance News:
- Llyod’s changes rules on cyber-insurance claims. (Cordery Compliance)
- Former TN Speaker arrested on corruption charges. (AP)
- $4.5bn oil spill. (BBC)
- Prescott goes all in on crypto. (Bloomberg)
