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Compliance Into the Weeds

Compliance into the Weeds: Navigating DOJ’s Boeing Dilemma Under DPA Violations

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 more fully explore a subject.

Looking for some hard-hitting insights on compliance? Look no further than Compliance into the Weeds!

In this episode, Tom Fox and Matt Kelly take a deep dive into the complexities surrounding the Department of Justice’s potential decision to criminally prosecute Boeing under its Deferred Prosecution Agreement (DPA) related to the 737 MAX crashes.

They explore the various facets of corporate justice, including retribution, remediation, and societal interests, as well as the challenges in balancing justice for the victims and the broader implications for public safety and corporate culture.

The discussion also covers the FAA’s role, the potential for new operational limits on Boeing, the impact and structure of compliance monitorships, and what compliance officers can learn from this high-stakes scenario.

Key Highlights:

  • DOJ and Boeing: The 737 MAX Dilemma
  • Corporate Justice: Individuals vs. Corporations
  • Balancing Justice and Corporate Interests
  • Deferred Prosecution Agreements: Compliance Challenges
  • Financial Penalties vs. Operational Limits
  • The Potential of Monitorships
  • FAA’s Role and Challenges
  • Compliance Lessons and Future Considerations

Resources:

Matt on Radical Compliance

 Tom 

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10 For 10

10 For 10: Top Compliance Stories For The Week Ending June 8, 2024

Welcome to 10 For 10, the podcast that brings you the week’s Top 10 compliance stories in one podcast each week. Tom Fox, the Voice of Compliance, brings you the compliance professional and the compliance stories you need to know to end your busy week. Sit back, and in 10 minutes, hear the stories every compliance professional should know 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.

  • Chinese battery suppliers are tied to Ford and VW.  (WSJ)
  • SEC is closing its Salt Lake City office.  (WSJ)
  • The Wirecard boss loses his lawyer. (FT)
  • Standard Chartered is accused of funding terrorists. (BBC)
  • Toyota gets raided. (BBC)
  • Mike Lynch was acquitted.(NYT)
  • Private equity giants near settlements with SEC re: texting. (WSJ)
  • FAA wants systemic change at Boeing. (BBC)
  • Citgo 6 sue CITGO. (Houston Chronicle)

Click here for more information on the Ethico ROI Calculator and a free White Paper on the ROI of Compliance.

You can check out the Daily Compliance News, which features four curated compliance and ethics stories each day, here.

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Daily Compliance News

Daily Compliance News: June 3, 2024 – The Citgo 6 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:

  • Citgo 6′ members sue for $400M, alleging Houston-based company’s complicity in their torture (Houston Chronicle)
  • DC Ethics Board says Guilliani should be disbarred.  (Reuters)
  • Will ex-President Zuma control South African government? (Bloomberg)
  • FAA wants systemic change at Boeing. (BBC)

For more information on the Ethico ROI Calculator and a free White Paper on the ROI of Compliance, click here.

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Daily Compliance News

Daily Compliance News: March 25, 2024 – The Neurodiverse Talent 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:

  • EY promotes neurodiverse talent. (BBC)
  • Boeing prepares for closer FAA scrutiny.  (NYT)
  • A MoD report on UK corruption vis-à-vis Saudi Arabia was found in the public archive. (The Guardian)
  • MLB to investigate Ohtani’s translator’s scandal. (WSJ)

For more information on the Ethico ROI Calculator and a free White Paper on the ROI of Compliance, click here.

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10 For 10

10 For 10: Top Compliance Stories For The Week Ending March 2, 2024

Welcome to 10 For 10, the podcast that 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.

  1. Crypto exchange Gemini returns over $1bn to customers.  (WSJ)
  2. Green audits are coming. (FT)
  3. Did Boeing violate the DPA? (NYT)
  4. Will ComEd defendants walk free? (Chicago Sun-Times)
  5. Boeing has 90 days to fix the QA/QC issue.  (NYT)
  6. SBF says he only deserves 6 years in prison. (FT)
  7. Did McKinsey work for or not work for the Chinese government? (FT)
  8. How did Iraqi corruption cost the country. (OilPrice)
  9. An ex-Vitol Trading trader was found guilty of bribery.  (WSJ)
  10. Exec’s husband pleads guilty to insider trading. (WSJ)

For more information on the Ethico ROI Calculator and a free White Paper on the ROI of Compliance, click here.

You can check out the Daily Compliance News for four curated compliance and ethics-related stories each day here.

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Everything Compliance - Shout Outs and Rants

Everything Compliance – Episode 110: Shout Outs and Rants

Welcome to the only roundtable podcast in compliance as we celebrate our second century of shows. Everything Compliance has been honored by W3 as the top talk show in podcasting. In this episode, we have the quintet of Jay Rosen, Jonathan Armstrong, Jonathan Marks, Tom Fox, and Matt Kelly with our fan-fav Shout Outs and Rants section.

1. Matt Kelly rants about the Department of Justice CCO certification requirement for Danske Bank.

2. Jonathan Marks rants about the recent FAA failure, which crippled the US airline industry.

3. Tom Fox has his first dual shout-out. His first shout-out is to US District Judge Middleton for sanctioning Donald Trump and his lawyer, jointly and severally for $938,000 and the recently deceased musician David Crosby.

4. Jonathan Armstrong rants about the Tory proposed law against publicizing small boats that would make showing or even talking about the Bayeux Tapestry illegal.

5. Jay Rosen shouts out to the NFL for the playoffs and for getting us the best four teams in the final four.

The members of Everything Compliance are:

  • Jay Rosen– Jay is Vice President, Business Development Corporate Monitoring at Affiliated Monitors. Rosen can be reached at JRosen@affiliatedmonitors.com
  • Karen Woody – One of the top academic experts on the SEC. Woody can be reached at kwoody@wlu.edu
  • Matt Kelly – Founder and CEO of Radical Compliance. Kelly can be reached at mkelly@radicalcompliance.com
  • Jonathan Armstrong –is our UK colleague, who is an experienced data privacy/data protection lawyer with Cordery in London. Armstrong can be reached at armstrong@corderycompliance.com
  • Jonathan Marks is Partner, Firm Practice Leader – Global Forensic, Compliance & Integrity Services at Baker Tilly. Marks can be reached at marks@bakertilly.com

The host and producer, ranter (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 Compliance Podcast Network.

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Daily Compliance News

November 11, 2022 the Veteran’s Day Edition

In today’s edition of Daily Compliance News:

  • Defendants don’t want FirstEnergy DPA entered into evidence. (Columbus Dispatch)
  • Corruption, human rights, and Qatar World Cup. (FT)
  • DC sues Commanders, NFL and Goodell. (WaPo)
  • OIG to review FAA oversight of Boeing. (Reuters)
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Daily Compliance News

Daily Compliance News: July 29, 2019, the your boss is spying on you edition

In today’s edition of Daily Compliance News:

  • 737 Max scandal almost inevitable. (NYT)
  • Making your meetings better. (FT)
  • Israeli government to shutter anti-corruption office. (Haaretz)
  • Don’t worry about Chinese spying on you, worry about your boss. (WSJ)
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Compliance Into the Weeds

Compliance into the Weeds: Episode 115-Regulatory Capture and Regulatory Approval at the FAA

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. In this episode, Matt Kelly (the coolest guy in compliance) and I take a deep dive into the circumstances around the FAA approval process regarding the Boeing 737 MAX in the context of the crash in Ethiopia.We consider regulatory capture and what it might mean for US leadership in the aviation industry worldwide.

Some of the highlights include:

  • What was the process by which the plane was approved by the FAA?
  • How did the Boeing CEO persuade President Trump to prevent the FAA from grounding the Boeing fleet during the investigation process?
  • Why did the Ethiopian government send the plane’s black box to France, rather than the US, for analysis?
  • How did the US lose the world’s leadership in aviation safety?
  • Where was Boeing’s compliance function during all of this?
  • What are the lessons for the compliance practitioner?

For additional reading, see articles discussed in this podcast:

  1. In the Seattle Times, Flawed analysis, failed oversight: How Boeing, FAA certified the suspect 737 MAX flight control system, by Dominick Gates
  2. In the Wall Street Journal, Prosecutors, Transportation Department Scrutinize Development of Boeing’s 737 MAXby Andrew Tangel, Andy Pasztor and Robert Wall
  3. In Slate.com, Where Did Boeing Go Wrong? by Jeff Wise.