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Daily Compliance News

June 29, 2022 the Spies, Lies and Money-Laundering Edition


In today’s edition of Daily Compliance News:
·      Credit Suisse found guilty. (FT)
·      EY hit with a $100MM fine for cheating. (WSJ)
·      Uber ex-security chief facing criminal fraud charges. (Reuters)
·      Does Cfius review include corruption? (WSJ)

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Daily Compliance News

June 10, 2022 the $700MM Stolen Edition


In today’s edition of Daily Compliance News:

  • $700 million stolen from Iraqi national bank. (News18)
  • Blatter and Plantini go to trial. (Reuters)
  • Why would Texas investigate Twitter? Politics, why else. (NYT)
  • SEC opens 2nd Ericsson corruption investigation. (WSJ)
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Daily Compliance News

April 23, 2022 the Poison Pill Edition


In today’s edition of Daily Compliance News:

  • When business imitates James Bond. (WSJ)
  • France issues an arrest warrant for Ghosn. (NYT)
  • Sweden (finally) opens an investigation into Ericsson’s corruption in Iraq. (ICIJ)
  • Is Infowars bankruptcy abuse of the system? (Reuters)
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Daily Compliance News

March 31, 2022 the Health Hath No Fury Edition


In today’s edition of Daily Compliance News:

  • Ericsson shareholders are livid. (ICIJ)
  • Lawmakers want the oligarch loophole closed. (NYT)
  • SEC is looking at additional SPAC requirements. (WSJ)
  • Bill Ackerman is stepping back from short selling. (WSJ)
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Daily Compliance News

March 7, 2022 the Ericsson Sued Edition


In today’s edition of Daily Compliance News:

  • Ericsson CEO, CFO sued over Iraqi bribery allegations. (Reuters)
  • Activision Blizzard sued over employee suicide.  (WaPo)
  • UK moving to protect public disclosures of corruption. (The Guardian)
  • Kleptocracy and corruption. (TI)
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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)
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Daily Compliance News

March 1, 2022 the We’ re No. 2 Edition


In today’s edition of Daily Compliance News:

    • According to TI-CPI, Nigeria second most corrupt country in West Africa. (Business Insider Africa)
    • How allowing corruption corrupts those who allow it.  (The Guardian)
    • Gertler offers deal to end corruption investigations. (Haaretz)
    • Leak broke Ericsson corrupt payments to ISIS. (ICIJ)
Categories
This Week in FCPA

Episode 291 – The Rams Win It All Edition


Super Sunday passed with fun but poorly played, poorly officiated, and poorly coached. Tom and Jay are back to look at some of the week’s top compliance and ethics stories this week in the Rams Win It All Edition.
Stories

  1. Ericsson is in more FCPA trouble. Mengqi Sun in the WSJ Risk and Compliance Journal. Aaron Nicodemus in Compliance Week(sub req’d)
  2. DD impeding compliance in developing markets? Katya Lysova explores in the FCPA Blog.
  3. ESG-no longer a nice to have. Karen Alonardo in Risk and Compliance Matters.   
  4. State AGs are waiting. Ashley Taylor and Chris Carlson in CCI.  
  5. The latest case on CCO liability. Matt Kelly in Radical Compliance
  6. Broken windows and compliance enforcement. Anthony O’Reilly in Compliance and Enforcement
  7. Companies yet again ask the EU for rules around ESG. Lawrence Heim inpracticalESG.
  8. White-collar enforcement trends in 2021. Jamie Rosenberg in Grand Jury Target.  
  9. HP-Autonomy from the auditors’ perspective. Francine McKenna in The Dig
  10. South African courts deny Zuma’s attempt to remove the SA corruption prosecutor. Rick Messick in GAB.  

Podcasts and More

  1. In February on The Compliance Life, I visited Ellen Smith, a former Director of Trade Compliance who recently started her consulting firm. In Part 1, she discussed her academic background and early professional career. In Part 2, Ellen discussed her move in-house. In Part 3, Ellen discusses being a part of the Compliance Dream Team at Weatherford.
  2. Tom and Richard Lummis are in the middle of their annual review of Best Picturing winning movies on 12 O’Clock High, a podcast on business leadership. Part 1 reviews Schindler’s List for leadership and ethical lessons. In Part 2, the look at Gladiator.
  3. CCI releases a new e-book from Mike Volkov, “Compliance Culture Revolution.” Available free from CCI.
  4. Tom looks at some innovation in compliance with a 3-part blog post series in the FCPA Compliance and Ethics Blog. Topics include Compliance Ecosystem GovernanceCompliance Branding, Building Culture & Compliance Coaching.
  5. Are you a Star Wars fan? How about an uber-Geek? You will love the 5-part series appearing next week on the Greeting and Felicitations podcast series on the Compliance Podcast Network if you are either or both. In this series, Tom visits astrophysicist Dr. Ben Locwin on the following topics: Traveling in Hyperspace, Fighting with a Light Saber, Mechanical Prosthetics, Cyborgs and Robots, and the Death Star. It is a ton of fun, and you will love it. Each episode will post at 10 each day next week. Check it out daily. 

Tom Fox is the Voice of Compliance and can be reached at tfox@tfoxlaw.com. Jay Rosen is Mr. Monitor and can be reached at jrosen@affiliatedmonitors.com.  

Categories
Daily Compliance News

February 17, 2022 the More Trouble for Ericsson Edition


In today’s edition of Daily Compliance News:

  • Leissner takes the stand in Ng trial. (Yahoo!News)
  • Zuma efforts to dismiss corruption changes rejected.  (Al Jazeera)
  • Muddy Waters under DOJ scrutiny. (Reuters)
  • Ericsson finds more post settlement corruption. (WSJ)
Categories
Daily Compliance News

May 14, 2021 the Ericsson Pays edition


In today’s edition of Daily Compliance News:

  • Apple exec let go from misogynist writings . (WSJ)
  • Rare anti-competitive settlement action from corruption case. (WSJ)
  • Delta to require new employees to be vaccinated. (NYT)
  • UK/US in lock step on sanctions. (FT)