Categories
Daily Compliance News

Daily Compliance News: April 2, 2025, The All WSJ 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.

Top stories include:

  • What is the true cost of corruption-lost lives? (WSJ)
  • Agentic AI and ‘a moment of truth.’ (WSJ)
  • Head of EU Competition heads to US for Liberation Day. (WSJ)
  • The eyes of Dr. T. J. Eckleburg. (WSJ)
Categories
Life with GDPR

Life With GDPR: Cookie Compliance

Tom Fox and Jonathan Armstrong, renowned experts in cyber security, co-host the award-winning Life with GDPR. In this episode, they discuss Cookie Compliance Under GDPR.

Their discussion highlights the increasing enforcement actions surrounding website cookies, emphasizing that this is a data protection issue and a broader compliance challenge. Specific case studies, such as the Dutch regulator’s fine against Pool Blue and fines in other EU countries, illustrate the significant financial penalties companies can face for non-compliance. Jonathan outlines an eight-point plan to help organizations ensure their cookie practices are current, including regular checks, proper configuration of cookie banners, and transparency about data retention periods.

The episode also touches on the role of third-party cookies, potential litigation, and regulatory actions. Compliance with cookie regulations is becoming increasingly important, with groups like NOYB driving many complaints and regulatory bodies across Europe ramping up enforcement efforts. Listeners are encouraged to assess their cookie practices and make necessary adjustments to avoid fines and maintain compliance.

Key takeaways:

  • The Rise of Cookie Enforcement
  • Global Fines and Consequences
  • Practical Compliance Tips
  • Challenges with Cookie Banners
  • Understanding Your Own Cookies
  • Guidelines for Cookie Retention

Resources:

Connect with Tom Fox

Connect with Jonathan Armstrong

Life with GDPR was recently honored as a Top Data Security Podcast.

Categories
Daily Compliance News

Daily Compliance News: March 14, 2025, The $200 Transaction 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 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:

  • Treasury flags $200 transactions at the border. (WSJ)
  • Judge orders rehire of fired federal employees. (FT)
  • Server fraud claims in Singapore reach $390MM. (Reuters)
  • Huawei bribery scandal hits EU. (Politico)
Categories
Life with GDPR

Life With GDPR – Navigating the EU AI Act

Tom Fox and Jonathan Armstrong, renowned expert in cyber security, co-host the award-winning Life with GDPR. In this episode, they discuss a pressing deadline for compliance officers: the February 2nd enforcement of the EU AI Act’s prohibitions on unacceptable AI risk.

Tom and Jonathan look at the phased implementation of this complex legislation, detailing the obligations of businesses using AI in their EU operations. Jonathan emphasizes the importance of identifying ‘shadow AI’ within organizations, from HR recruitment tools to consumer applications, and the substantial penalties for non-compliance, which can reach up to $35 million or 7% of global annual revenue. They also cover a practical five-step plan to help companies move towards compliance, involving board awareness, an AI inventory, assessment of AI tools, contract reviews, and transparency measures. Tune in to understand the nuances of this legislation and how to prepare your organization before the rapidly approaching deadline.

Key takeaways:

  • Understanding the EU AI Act
  • Prohibited AI Applications
  • Corporate and Personal Liability
  • Steps to Compliance

Resources:

Connect with Tom Fox

Connect with Jonathan Armstrong

Categories
Daily Compliance News

Daily Compliance News: October 21, 2024 – The Pillow Talk 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:

  • More evidence of fraud in the Houston Bankruptcy Court scandal (Bloomberg)
  • Did Tim Cook call Trump to complain about the EU? (BBC)
  • Union to vote on ending the Boeing strike. (NYT)
  • Not exactly New Coke but it’s too many balls. (WSJ)

Categories
Great Women in Compliance

Great Women in Compliance: Maria Lancri – Successful Global Compliance: A View from France and The EU

In this episode of the Great Women in Compliance podcast, Lisa speaks with Maria Lancri. Maria is a partner at Squair, based in Paris, and has experience both in law firms and in-house, spending 12 years at Hachette Livre—Hachette Books to English speakers like me. She is a member of the Steering Committee at Sorbonne D.U. Compliance & Ethique des Affaires. She is also a leading speaker about the EU and French compliance laws, doing so in various languages (and provides some tips on how she has been successful).

Maria provides information about the French anti-bribery and anti-corruption laws, including their history and current application. She provides timely information about the Sapin II framework in France as well as the current EU Landscape.

While the US laws often lead the global discussion about anti-corruption and anti-bribery, the EU has led in data privacy, ESG, and now AI, and some of the key issues over the next year that are relevant to global organizations.

Maria and Lisa discuss the cultural challenges that E&C professionals may encounter in a global practice and how to support ethical decision-making when you have a multi-cultural employee base.

Join the Great Women in Compliance community on LinkedIn here.

Categories
Daily Compliance News

Daily Compliance News: October 16, 2024 – The Gone in 60 Seconds 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:

  • Canada’s reputation for clean banking gone in 40 minutes.  (The Globe and Mail)
  • Grewal moves to Wall Street. (WSJ)
  • Which EU country is the most corrupt? (EuroNews)
  • It wasn’t the AML; it was intentionally starving compliance. (Bloomberg)

Categories
Daily Compliance News

Daily Compliance News: October 2, 2024 – The Where is Modern Slavery 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:

  • Where do you find modern slavery? At a McDonald’s in the UK. (BBC)
  • More on corruption in Kenya. (Reuters)
  • Creation of EU, AI Code of Practice. (Reuters)
  • Chevron purchase of Hess cleared but not Board seat. (NYT)

Categories
Daily Compliance News

Daily Compliance News: September 11, 2024 – The Never Forget 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:

  • The Taxman comes for Apple and Google in the EU. (NYT)
  • John Deere settles FCPA allegations. (WSJ)
  • Ex-Glencore employees plead not guilty. (FT)
  • Microsoft is tackling bias in AI. (BBC)

For more information on the Ethico Toolkit for Middle Managers, available at no charge, click here.Check out the full 3-book series, The Compliance Kids on Amazon.com.

Categories
Everything Compliance

Everything Compliance: Episode 138, The AI in The EU Edition

Welcome to the only roundtable podcast in compliance as we celebrate our second century of shows. We have a plethora of topics for this episode, including the DOJ Whistleblower Incentive Program, a look at Solar Winds, a new Caremark decision, an effective internal audit and the new AI law in the EU, which we slice and dice from a variety of perspectives.

We have the full quintet of Matt Kelly, Jonathan Armstrong, Karen Woody, Jonathan Marks, and our newest panelist, Karen Moore, all hosted by Tom Fox.

1. Jonathan Armstrong takes a look at the new EU Low regarding AI. He shouts out to Sir Andy Murray for a great career and life.

2. Matt Kelly asks multiple questions about the form of the guilty plea and what it may mean for compliance professionals going forward. He rants about Wyoming Senator Cynthia Lummis and her legislation for a Strategic Bitcoin Reserve.

3. Karen Moore considers the Centene case, which denied a Caremark claim. She rants about German TV only showing German competitors in their Olympic coverage and she shouts out to the perseverance of Ukrainians, where students attending class at the Kyiv School of Economics will stop class during an air raid and start class again when the All Clear is given.

4. Tom Fox shouts out to Simone Biles and the beauty, power, and grace of women’s gymnastics at the Olympics, going back to Olga Korbut.

5. Karen Woody takes a deep dive into the district court’s recent dismissal of the SEC complaint against SolarWinds. She shouts out to President Biden for bringing hostages home from Russia and a job well done.

6. Jonathan Marks reviews what makes internal controls effective.

The members of Everything Compliance are:

The host, producer, rantor (and sometimes 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 award-winning Compliance Podcast Network.