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Daily Compliance News

Daily Compliance News: January 11, 2024 – The SAP Again 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:

  • FINRA says AI is emerging.  (WSJ)
  • SAP has yet another FCPA enforcement action.  (FCPA Blog)
  • Microsoft OpenAI investment faces EU scrutiny. (Reuters)
  • The SEC approves a new type of Bitcoin fund.  (NYT)
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Daily Compliance News

Daily Compliance News: November 29, 2023 – The Sweden Vs. Tesla Edition

Welcome to the Daily Compliance News. Each day, Tom Fox, the Voice of Compliance brings to 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.

Stories we are following in today’s edition:

  • Sweden vs. Tesla: Who do you think will win? (FT)
  • No, it’s my yacht. (Reuters)
  • The EU was impressed with Ukraine’s ABC efforts. (Reuters)
  • Rivals move to exploit the OpenAI leadership crisis. (WSJ)
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10 For 10

10 For 10: Top Compliance Stories For the Week Ending September 16, 2023

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.

  • Turkish fraud sentenced to 11,196 years in prison. (BBC)
  • EU has massive money-laundering problem.(AML Intelligence)
  • Will a name change for SNC-Lavalin help it overcome its corrupt past?  (Bloomberg)
  • Rubiales resigns. (ESPN)
  • Australian tycoon says workers need to see pain to return them to subservience. (BBC)
  • BP CEO resigns for lying about ‘multiple’ relationships with employees. (com)
  • Businesses should disclose China risks. (WSJ)
  • DOJ ramps up National Security enforcement resources. (WSJ)
  • No timeline for climate disclosure from SEC. (WSJ)
  • New pod on corruption. (Dirty Deeds)

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: September 12, 2023 – The Paying Attention Edition

Welcome to the Daily Compliance News. Each day, Tom Fox, the Voice of Compliance brings to 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.

  • EU’s massive money-laundering problem. (AML Intelligence)
  • Will doctors pay cuts lead to more corruption in China. (Bloomberg)
  • CFTC cracks down on De-Fi over crypto. (WSJ)
  • What is the secret to good management? (FT)
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2 Gurus Talk Compliance

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

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 

  1. WSJ Risk and Compliance Journal
  2. FCPA Blog
  3. Radical Compliance
  4. Dept. Of Commerce Press Release
  5. WSJ
  6. Conflicts of Interest Blog
  7. GAB
  8. Fast Company
  9. Fox 35 Orlando

Connect with Kristy Grant-Hart on LinkedIn

Spark Consulting

Tom 

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Daily Compliance News

Daily Compliance News: July 19, 2023 – The Will KPMG Ever Stop Cheating 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 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)
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Compliance Into the Weeds

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

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

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Tom 

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Tim

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Compliance Man Chooses the Target

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

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

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Daily Compliance News

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

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)
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Daily Compliance News

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

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)