Tag: EU

2 Gurus Talk Compliance – Episode 10 – Ethical Remote Workers Edition

Post author By admin
Post date August 4, 2023
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What happens when two top compliance commentators get together? They talk compliance of course. Join Tom Fox and Kristy Grant-Hart in 2 Gurus Talk Compliance as they discuss the latest compliance issues in this week’s episode!

Tom and Kristy consider the possibility of an international anti-bribery court, challenges in enforcing judgments against countries without strong anti-corruption laws, and the United States’ unlikely participation. The European Commission issued an adequacy decision regarding data transfers between the US and EU, resolving a long-standing issue, but privacy advocate Max Schrems plans to challenge its validity. The importance of on-site due diligence, and the value of on-site audits and cybersecurity disclosure were also explored. The benefits of remote work, global anti-corruption efforts, AI safeguards, and the dangers of zero tolerance policies were covered as well. The conversation provided insights into various compliance-related topics.

Highlights Include

· World ABC Court

· No DOJ control on Cognizant investigation.

· SEC adopts Cyber disclosure rules.

· Fight against corruption in Ukraine.

· Goldilocks Compliance.

· Data Privacy Framework Program Launches New Website Enabling U.S. Companies to Participate in Cross-Border Data Transfers

· Site Visits: Sometimes the Best Due Diligence is Done on Foot

· New Data Reveals that Remote Workers are Likely More Ethical than their Office Counterparts.

· White House Says Amazon, Google, Meta, Microsoft Agree to AI Safeguards

· Man Steals Vehicle, Crashes it into Building during Search for WiFi Connection

Resources

Connect with Kristy Grant-Hart on LinkedIn

Tom

Tags AI, compliance, DD, DOJ, Due Diligence, EU, Florida Man, GDPR, Internal Investigation, internal investigations

Daily Compliance News

Daily Compliance News: July 19, 2023 – The Will KPMG Ever Stop Cheating Edition

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Post date July 19, 2023
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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 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.

Stories covered in today’s edition:

Will diversity in tech end? (WSJ)
KPMG was caught cheating for exams again, this time in The Netherlands. (Dutch News)
Czechia opposes new EU corruption directive. (Euractiv)
Does Singapore have a corruption problem? (FCPA Blog)

Tags Czechia, EU, KPMG, Sinapore

Compliance Into the Weeds

Compliance into the Weeds: Compliance into the Weeds Takes a Eurotrip with Compliance Man

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Post date July 12, 2023
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The award winning, Compliance into the Weeds is the only weekly podcast which takes a deep dive into a compliance related topic, literally going into the weeds to more fully explore a subject. Looking for some hard-hitting insights on sanctions compliance? Look no further than Compliance into the Weeds!

In this episode, co-hosts Tom Fox and Matt Kelly are joined by Compliance Man himself Tim Khasanov-Batirov. We consider how the Airbus scandal has highlighted the importance of compliance and ethics in corporate conduct in France, and the need for reliable data in ESG reporting, artificial intelligence, and third party risk management. We also discuss the challenges faced by American and European compliance professionals, and the need for Diversity, Equity and Inclusion (DEI) in creating a strong speak up culture. They discussed the EU Whistleblower Directive, which states that anonymous reports should be allowed, and the importance of clean conduct in government agencies. Compliance practitioners have an important role to play in this process, and the EU is leading the world’s discussions around ESG reporting.

Key Highlights

· ESG Reporting Requirements

· AI and DEI in Compliance

· European Compliance Challenges

· European Compliance vs US

· AI and Compliance in France

Resources

Matt

Tom

Tim

Tags AI, Circle of Compliance, compliance, EU, EU Compliance, France, Sapin II, Tim Khasanov-Batirov, whistleblower

Compliance Man Chooses the Target

Compliance Man Takes a EuroTrip – Alex Movchan on Internal Controls in the EU

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Post date June 22, 2023
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Compliance Man is back for a new season! Get ready for a EuroTrip with Tom Fox and Tim Khasanov-Batirov on their hit podcast, Compliance Man! Join Tom Fox and co-host Tim Khasanov-Batirov on a Euro trip as they delve into the world of internal controls in Europe, with special guest Alex Movchan, president of the Institute for Internal Controls in Central Europe and chief risk officer at a global medical device company. They discuss internal control strategies and best practices, including SOX and COSO frameworks, the importance of IT general controls, and adapting to changes in the market. The episode also explores the challenges of merging companies with different internal control frameworks, tailoring internal controls to specific country offices, and promoting compliance initiatives to top management.

Don’t miss out on this insightful conversation about compliance and risk management. Tune in to the “Compliance Man: Eurotrip-Internal Controls in Europe,” hosted by Tom Fox and Tim Khasanov-Batirov.

Key Highlights:

Internal Controls in Different Regions
Importance of Internal Controls in Emerging Markets
Compliance Frameworks in Europe
Updating Internal Control Frameworks in Response to ESG
Structuring Internal Controls for Decision-making Mechanisms
Importance of Compliance Officer and Internal Control Collaboration

Notable Quotes:

“Internal controls are the backbone of every compliance program; what we need is to have control over the situation, which means that you have to have internal controls in place.”

“When it comes to private owners and family-owned business, this is like a very different owner to owner.”

“We need to adapt faster as the internal controls professionals and as business managers, we need to update to the changes faster because the ones who update faster, the internal control frameworks, will be on the top of the markets.”

“Half of the companies just don’t know how to start.”

Resources:

Alex Movchan on LinkedIn

Tim Khasanov-Batirov on LinkedIn

Tom Fox

Tags Alex Movchan, Compliance Man, EU, Internal Controls

Daily Compliance News

Daily Compliance News: June 13, 2023 – The FTC Sues Edition

Post author By admin
Post date June 13, 2023
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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.

Stories we are following in today’s edition:

FTC sues to block Microsoft/Activision Blizzard deal. (WSJ)
JPMorgan settles with Epstein victims for $290MM. (Reuters)
EU will stamp out corruption in Brussels. (Euronews)
Stamping out corruption vital for Ukraine. (FT)

Tags corruption, EU, FTC, Jeffrey Epstein, JPMorgan, Microsoft-Activision Blizzard merger, Ukraine

Daily Compliance News

Daily Compliance News: June 8, 2023 – The End of Rock and Roll? Edition

Post author By admin
Post date June 8, 2023
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Stories we are following in today’s edition:

· Can risqué music be banned? (WSJ)

· What will PGA’s sponsors do? (WSJ)

· EU eases class action rules. (WSJ)

· Climate change is real. (WSJ)

Tags class actions, climate change, EU, PGA/LIV, Rock N Roll

Daily Compliance News

Daily Compliance News: May 23, 2023 – The €1.2 Bn Fine Edition

Post author By admin
Post date May 23, 2023
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Stories we are following in today’s edition:

Succession (in real life). (NYT)
Fired SFO investigator wins wrongful termination suit. (MLex)
Meta fined €1.2 billion by EU over GDPR violations (Cordery Compliance)
Court decision unsealed in whistleblower decision. (Bloomberg Law)

Tags CEO Succession, Cordery Compliance, EU, GDPR, Meta, SFO, Tom Martin, Whistleblower Award

Compliance Man Chooses the Target

Compliance Man Takes a EuroTrip – Andrea Cardoso on Healthcare

Post author By admin
Post date May 18, 2023
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Compliance Man is back for a new season! Get ready for a EuroTrip with Tom Fox and Tim Khasanov-Batirov on their hit podcast, Compliance Man! Join Tom Tim as they chat with Andrea Cardoso, a compliance officer in the medical devices industry, about healthcare compliance in Europe. In their Euro trip series, they explore hot topics and share best practices, focusing on interactions with healthcare professionals and fair market value. With years of experience, Andrea highlights the importance of transparency and following certain principles to ensure compliance. Listen as they discuss the challenges of maintaining professionalism in the healthcare industry, understanding different rules and limitations in each country, and implementing effective compliance programs in multiple markets. Don’t miss out on the insightful tips and suggestions, and reach out to be part of the discussion. Tune in to the Compliance Man podcast for valuable insights and expert advice.