Tag: Florida Man

2 Gurus Talk Compliance – Episode 42 – The Holiday Edition

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Post date December 20, 2024
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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! Today, Tom and Kristy look back at some of their favorite stories from 2024.

Stories this week include:

Boeing DPA and Monitor
Deere FCPA Enforcement Action
TD Bank AML enforcement action
McKinsey-Opioid and FCPA resolutions
Elon Musk’s pay package and corporate governance
Musings from the bottom of the world
DOJ has received 200 tips since launching the whistleblower program (LEGALDIVE)
Sam Bankman-Fried and FTX
NYC Mayor Eric Adams, his corruption charges, and a possible Trump Pardon
The Greatness of Florida Man

Resources:

Kristy Grant-Hart on LinkedIn

Tom

Tags AML, Boeing, Elon Musk, FCPA, Florida Man, FTX, John Deere, SBF, TD Bank, TD Bank America, Tesla

2 Gurus Talk Compliance

2 Gurus Talk Compliance – Episode 41 – The Where Are We Headed Edition

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Post date November 15, 2024
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Stories This Week Include:

End of ESG and crypt initiatives at SEC. (WSJ)
What science reveals about corruption. (El Pais)
FinCEN, corruption, and the real estate industry. (Reuters)
Would you trust Mattel to list your website? (NYT)
Fat Leonard was sentenced. (NYT)
10 Compliance Lessons Learned from the Telefónica Venezolana FCPA Enforcement Action (JDSUPRA)
DOJ has received 200 tips since launching the whistleblower program (LEGALDIVE)
Retaliation – The Reality From passive policy to a data-driven active anti-retaliation program (IDEAS & ANSWERS)
Connect With One Old Colleague or Boss (WSJ)
A quick guide to rekindling a business relationship gone dormant—and why it’s important to do it
Ex-Disney Employee Accused of Hacking Disney World Menus, Changing Font to Wingdings (404 MEDIA)

Register for the First Annual Compliance Podcast Network, Agora Awards for Excellence in Podcasting. Our inaugural winners are Mary Shirely and Lisa Fine for co-founding Great Women in Compliance. The event is free on Tuesday, November 19, from 12-3 PM ET. Registration and Information here.

Resources:

Kristy Grant-Hart on LinkedIn

Tom

Tags corruption, DOJ, Fat Leonard, FinCen, Florida Man, Mattel, SEC

2 Gurus Talk Compliance

2 Gurus Talk Compliance: Episode 40 – The Celebration of Corporate Compliance Week Edition

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Post date November 1, 2024
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Co-hosts Kristy Grant-Hart and Tom Fox tackle high-profile compliance issues in this episode. They start with Boeing’s cultural failures, highlighted by the Wall Street Journal. They question whether Boeing is too big to fail and emphasize the need for a comprehensive monitorship. The topic then shifts to AI, specifically the Consumer Financial Protection Bureau’s warnings about employee surveillance. The hosts discuss the potential cultural problems and lack of respect for workers stemming from AI-driven monitoring tools, advocating for a balanced workplace surveillance approach.

Next, we cover the harrowing story of a Binance compliance officer detained in Nigeria under dubious charges and celebrate the appointment of an ethics and compliance chief at OpenAI. They explore the challenges of managing AI ethics at such a high-profile company. Kristy and Tom also discuss the controversial new UK law aimed at preventing workplace sexual harassment, the work burnout epidemic among Gen Z workers, and the scandalous allegations against Abercrombie’s former CEO for sex trafficking. The episode looks light-heartedly at a Florida man’s bizarre bacon heist.

Stories Include:

What went wrong at Boeing. (WSJ)
Charges dropped against Tigran Gambaryan in Nigeria. (Wired)
Open AI hires first E&C chief. (Bloomberg)
Preventing bad behavior at work. (FT)
Former A&F CEO arrested for sex trafficking. (WSJ)
U.S. Consumer Watchdog Cautions Businesses on Surveillance of Workers (WSJ)
AI Assistants are Blabbing Our Work Secrets (Washington Post)
Four great ideas for your Compliance and Ethics week (BROADCAT)
Why Are So Many Gen-Zers Fit to Quit? (INC.)
Florida man arrested for pulling off $100,000 frozen bacon heist (KYMA)

Register for the First Annual Compliance Podcast Network Agora Awards for Excellence in Podcasting. Our inaugural winners are Mary Shirley and Lisa Fine for co-founding Great Women in Compliance. The event is Tuesday, November 19, from 12 to 3 PM ET and is free. Registration and Information are here.

Resources:

Kristy Grant-Hart on LinkedIn

Tom

Tags Boeing, Corporate Compliance Week, Employee Surveillance, Florida Man, Open AI

2 Gurus Talk Compliance

2 Gurus Talk Compliance: Episode 39 – The TD Bank Edition

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Post date October 18, 2024
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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!

In this episode, co-hosts Kristy Grant-Hart and Tom Fox tackle several high-profile compliance issues. They start with TD Bank’s $3 billion money laundering scandal, exploring how inadequate compliance measures and lack of investment enabled a decade-long operation involving $18.3 trillion in questionable transactions. The discussion critiques the penalties imposed on TD Bank and reflects on the broader industry implications. The hosts then shift focus to collateral damage from fentanyl, human trafficking, modern slavery, and terrorist financing, spotlighting the OCC’s novel restrictive actions and an SEC enforcement case involving Indian bribery schemes by Moog.

Transitioning to corporate compliance dynamics, the podcast covers the Texas incident involving Deloitte’s mishandling of a convicted felon’s loan application, raising significant questions about due diligence. Frances Haugen’s advocacy for stronger whistleblower protections, particularly in the AI sector, gets highlighted. The episode concludes by addressing the legal ramifications of anti-boycott provisions, the complexities of election season in the workplace, and recent developments in the Boeing case, encapsulating these serious discussions with a humorous note on a bizarre Florida man incident.

Stories Include:

TD Bank Money Laundering Scandal
Caremark Claims and Broader Implications
Indian Bribery Case and SEC Enforcement
Debating the ECCP Guidance
Texas’ $5 Billion Power Plant Scandal
Facebook Whistleblower Frances Haugen Speaks Out
Understanding Anti-Boycott Provisions
Managing Politics in the Workplace
Boeing’s Legal Troubles and DEI Concerns
Florida Man’s Unusual Drug Complaint

Resources:

Kristy Grant-Hart on LinkedIn

Tom

Tags 2024 ECCP, anti-boycott, Boeing, Florida Man, Moog FCPA enforcement action, SEC, TD Bank, whistleblowers, workplace politics

2 Gurus Talk Compliance

2 Gurus Talk Compliance: Episode 38 – The SCCE Wrap Up Edition

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Post date October 4, 2024
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In this episode of the ‘Two Gurus Talk Compliance Podcast,’ hosts Kristy Grant-Hart and Tom Fox delve into recent updates and stories in the compliance world. They explore the DOJ’s latest guidance on corporate compliance programs, highlighting themes of data access and the role of AI. Discussion on domestic bribery leads to the case against NYC Mayor Eric Adams for alleged violations, including unauthorized travel expenses. The hosts also analyze four significant trade sanction cases detailed by Michael Volkov, illustrating the importance of rigorous compliance measures. Notable segments include the investigation into Binance’s hefty compliance investments, the influence of competition on corporate culture, and current issues in internal controls. A curious case on Caremark claims against Wells Fargo’s board is mentioned, providing insights into potential legal trends. The podcast closes with a humorous touch on a Florida man’s recurring jail visits due to retail fraud. The episode is a comprehensive overview of key compliance topics marked by real-world examples and expert insights.

Stories Include:

How Binance found that old time ‘compliance’ religion. (WSJ)
Wells Fargo must face Caremark claim. (Reuters)
SEC fines 11 more firms for failures in messaging apps. (SEC Press Release)
4 top sanctions cases. (Corruption, Crime and Compliance)
On the importance of internal controls. (Harvard Law School Forum on Corporate Governance)
Revamped Compliance Program Guidance! (Radical Compliance)
Canada, Mexico Should Halt China Forced-Labor Imports, U.S. Lawmakers Say. (WSJ)
NYC Mayor Eric Adams accepted harmless ‘courtesies,’ not bribes, his lawyer says (AP)
Companies Like to Pit Internal Teams Against Each Other. Bad Idea. (WSJ)
57-year-old Florida man goes to jail for 75th time (WTSP)

Resources:

Kristy Grant-Hart on LinkedIn

Tom

Tags 2024 ECCP, Binanace, Florida Man, Forced Labor, sanctions, SEC, Well Fargo

2 Gurus Talk Compliance

2 Gurus Talk Compliance: Episode 36 – The Fall is Here Edition

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Post date September 6, 2024
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In this episode, Kristy and Tom discuss a range of vital topics in the compliance and legal world. They delve into the implications of the recent election on sanctions and OFAC policies, highlighting a rare decline involving Boston Consulting Group. The episode also covers significant enforcement actions, challenges of corruption in California and South Africa, and the role of chief resilience officers in corporate risk. Additionally, they share quirky and alarming anecdotes, such as a man attempting to check a human as luggage, and emerging trends in the ever-evolving compliance landscape.

Stories Include:

PE Partners loses equity for FCPA violations. (WSJ)
Tough U.S. Sanctions Packages Are Here to Stay—Whether It’s Harris or Trump – (WSJ)
Nordea Bank to pay $35MM for AML violations. (WSJ)
BCG receives a Declination. (WSJ)
RTX to pay $1.2bn for trade sanctions violations. (Radical Compliance)
South Africa investigating $7bn worth of corruption at state-owned enterprises. (Toronto Star)
How California Became a New Center of Political Corruption (NYT)
How Do You Change a Chatbot’s Mind? (NYT)
Now Hiring: Chief Resilience Officer. Do You Have What It Takes? (CCI)
Shrink-Wrapped Florida Man Tries to Check-In as Luggage at Miami International Airport – Simple Flying: HERE

Resources:

Kristy Grant-Hart on LinkedIn

Tom

Tags BCG, chat bots, CRO, Florida Man, Nordea BAnk, RTX, South Africa, trade sanctions

2 Gurus Talk Compliance

2 Gurus Talk Compliance: Episode 34 – The Whistleblower Edition

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Post date August 9, 2024
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In this episode, Kristy and Tom delve into an array of timely topics. They discuss how and why HR is now seen as the ‘Department of Misery.

The duo takes a deep dive into the new DOJ Whistleblower Incentive Program. They also discuss the huge Meta settlement with the state of Texas, SFO prosecutions and corporate felony convictions. Of course, Florida man makes an appearance with another great tale. Tune in for a comprehensive mix of compliance nuts-and-bolts insights and current events.

Stories Include:

For Big Companies, Felony Convictions Are a Mere Footnote (WSJ)
HR: the Department of Misery? (NYT)
Can a corporate vote overturn a court decision? (FT)
Income inequality and corruption. (The Economic Times)
The DOJ announces a whistleblower incentive program. (WSJ)
Glencore trader criminally charged by SFO for bribery. (FT)
OFAC Releases Guidance on Extended Statute of Limitations & Forthcoming Recordkeeping Changes (Volkov) – VolkovLaw
Meta agrees to $1.4 billion settlement in Texas biometric data lawsuit over Facebook images (CNBC)
Will AI kill meaningless jobs? (NYT)
‘Before He Cheats:’ Florida woman accused of keying ‘CHEATER’ on man’s car (Click Orlando)

Resources:

Kristy Grant-Hart on LinkedIn

Tom

Tags Boeing, DOJ Whistleblower Incentive Program, Florida Man, Glencore, HR, Meta, SFO

2 Gurus Talk Compliance

2 Gurus Talk Compliance: Episode 30 — Make a Plan

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Post date June 7, 2024
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What happens when two top compliance commentators get together? They talk about 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!

In this episode, Kristy and Tom discuss various pressing issues and developments in compliance. Topics include the introduction of a new regulator in Europe, concerns of AI employees about retaliation for raising alarms on potential threats, California’s new workplace violence compliance requirements, and unusual attempts to use live animals as payment in Florida.

The episode also highlights the significance of the Women in Compliance conference, the importance of crisis communication strategies, and the recent extension of the sanctions statute of limitations by the U.S. government. The conversation also covers networking for job seekers and the implications of the newly formed European Financial Crime Agency. The episode concludes with a bizarre payment method by our good friend, Florida Man.

Highlights Include:

Make a plan. (NYU Compliance and Enforcement Blog)
When your employer sells you out, the Citgo 6 sues CITGO. (Houston Chronicle)
Self Disclose, Self-Disclose, Self-Disclose. (Radical Compliance)
The EU has a new financial crime agency. (WSJ)
Bringing trust to your internal reporting. (LinkedIn)
AI Employees Fear They Aren’t Free to Voice Their Concerns (WSJ)
Congress Extends Sanctions Statute of Limitations And Addresses Other National Security Issues (Corruption, Crime and Compliance)
SB 553: How to Navigate the New Workplace Violence Prevention Law (Global Guardian)
Landing a Job Is All About Who You Know (Again) (WSJ)
Florida Man Charged with Attempting to Exchange Live Alligator for Beer (FloridaHasARightToKnow.com)

Resources:

Kristy Grant-Hart on LinkedIn

Tom

Tags AI, AMLA, Citgo 6, crisis communications, EU, Florida Man, Kristy Grant-Hart, trust, workplace violence

2 Gurus Talk Compliance

2 Gurus Talk Compliance: Episode 28 — CZ v. SBF Edition

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Post date May 10, 2024
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In this episode, Tom and Kristy take on a wide variety of compliance related topics.

One of the key issues they look at are reports suggesting China is strategically relocating forced labor from the Uyghur region to different parts of the country in an attempt to bypass US laws prohibiting goods sourced from areas associated with forced labor.

This could trigger wider limitations on goods originating from China, stressing the necessity for intensive audits and transparency in business operations. This issue has sparked bipartisan concern, hinting at potential upcoming legal actions.

Tom stresses the need for companies to react effectively to reduce risks, possibly through on-the-ground audits and increased accountability in business operations in China. Kristy underscores the need for thorough audits and proactive measures in response to the risks associated with forced labor in China. She raises the possibility of legal consequences for companies found to be misleading about their involvement with forced labor. Both perspectives serve to underline the gravity and complexity of this issue.

Highlights Include:

An ex-McKinsey partner says he was scapegoated. (Reuters)
CFTC names its first AI Chief. (WSJ)
CZ gets 4 months. (WSJ)
FCPA violator Ericsson bemoans ‘over-regulation’. (FT)
Corporate investigations are under scrutiny. (FT)
China Moving Forced Laborers Amid U.S. Crackdown, Biden Official Says (WSJ)
Robinhood Crypto gets Wells notice from US SEC (Reuters)
Report Spotlights Privacy Access Requests (Radical Compliance)
Why Employee Bonuses Do Not Work (and What to Do Instead) (Inc.)
A Florida man runs to the police for help after committing a crime and ends up behind bars. (Aol.)

Resources:

Kristy Grant-Hart on LinkedIn

Tom

Tags China, CZ, Florida Man, investigations, Kristy Grant-Hart, McKinsey, Privacy, Robinhood, UFLPA

2 Gurus Talk Compliance

2 Gurus Talk Compliance: Episode 27 – The Too Nice Edition

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Post date April 26, 2024
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In this episode, we discuss how far the US should push Europe when it comes to banning goods produced with forced labor, whether Canadians are just too darn nice when it comes to bribery, the Supreme Court’s review of when cash given to a US politician crosses from a thank-you gift to a bribe, and a Florida man’s notice to arresting officers that he’d be drinking his beer before being arrested because it’s cold.

The issue of forced labor, particularly in China, and its resultant goods has triggered a significant discourse between the US and Europe, highlighting the intricate connection between international trade and human rights. Tom argues for Europe to adopt stringent measures against forced labor like the US and credits his stand to his profound understanding of the extensive impact such a practice has on modern society. He advocates for a broad ban on goods linked to forced labor and is enthusiastic about the potential of a joint EU, US, and UK task force addressing the issue.

Kristy, with her focused view on the contrasting approaches of the US and Europe, agrees with the necessity of a robust response. She acknowledges the US’s advanced position in tackling forced labor challenges, appreciates the EU’s efforts to enact a similar ban, and supports the idea of a joint task force. She underlines the importance of preventing goods made from forced labor from entering the US via Europe.

Highlights Include:

The fight against climate change reporting. (Harvard Law School Forum on Corporate Governance)
Are Canadians too nice to fight ABC? (GAB)
What is the opposite of right for compliance? (COI Blog)
Between a rock and a hard place. (China Law Blog)
Are you shadow trading? (NYU Corporate and Enforcement Blog)
Europe Should Be Pushed to Take On Chinese Forced Labor, U.S. Lawmakers Say (WSJ)
Corruption or Just Politics? Supreme Court Weighs New Bribery Case as More Clashes Are Brewing (WSJ)
The Department of Justice Unveils Groundbreaking Pilot Program: Incentivizing Whistleblowers with Immunity (JDSUPRA)
From Gen Z to boomers: How to give critical feedback at work (Washington Post)
Florida man pops open beer during police encounter because it was ‘cold’ and he wanted to drink it (FOX 35 Orlando)