Tag: Florida Man

2 Gurus Talk Compliance – Episode 24 — The Self-Disclosure Edition

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Post date March 15, 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, Tom and Kristy take on a wide variety of compliance-related topics.

The Department of Justice (DOJ) is launching a paid whistleblower initiative, specifically targeting cases of criminal exploitation of the U.S. financial system that slip through the cracks of existing agency schemes. This move has elicited various perspectives, notably from compliance experts Tom Fox and Kristy Grant-Hart. Fox, drawing on his extensive experience in compliance, identifies the program as a vital development, filling a gap in whistleblower compensation efforts. He anticipates that it will compel compliance officers to foster a culture of reporting and enhance efficiency in managing investigations. On the other hand, Kristy, a renowned compliance specialist, also views the initiative positively but expresses concerns about the increased pressure on organizations to ensure compliance.

Despite this, both experts agree that the program is a step in the right direction towards promoting transparency, accountability, and ethical corporate behavior.

Highlights Include:

1. DAG Monaco Speech (DOJ Release)

2. Nicole M. Argentieri Speech (DOJ Release)

3. CTA struck down (WSJ)

4. Leadership Lessons from Robert Oppenheimer (WSJ)

5. State governments move to regulate AI (NYU)

6. The Percentage Of Corporate DOJ And SEC FCPA Enforcement Actions That Result From A Voluntary Disclosure (FCPA Professor)

7. Husband Who Eavesdropped on Wife’s Work Calls Pleads Guilty to Insider Trading (WSJ)

8. SEC Adopts Climate Disclosure Rule (Radical Compliance)

9. Is It Ever OK to Have an 8 a.m. Meeting? (WSJ)

10. The Florida Man Games (NYTimes)

Resources:

Kristy Grant-Hart on LinkedIn

Tom

Tags AI, CTA, DAG Lisa Monaco, DOJ, Florida Man, insider trading, SEC, self disclosure

2 Gurus Talk Compliance

2 Gurus Talk Compliance – Episode 21 — Big Trouble in China Edition

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Post date January 26, 2024
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In the ever-evolving world of regulatory compliance and risk management, challenges are constant, and strategies must be dynamic. Tom highlights corruption in China, data privacy, the duty of oversight for officers and export control sanctions. Kristy highlights the ESG & DEI, Supply Chains and China, SAP, frequent flyer mile fraud and checks in on Florida Man. Join Tom Fox and Kristy Grant-Hart as they delve deeper into these issues in this episode of the 2 Gurus Talk Compliance podcast.

Highlights Include:

First Shots Fired in 2024 Proxy Battle Over ESG, DEI: (Law.com)
Enforcement of China’s Forced Import Ban Needs to Be Much Tougher, Say U.S. Lawmakers (WSJ)
Lessons Learned from the SAP Enforcement Action: DOJ Changes Tack on FCPA Enforcement While SEC Digs into Third-Party Controls (Part III of III) (Corruption, Crime & Compliance)
Frequent flyer miles helped authorities crack down on a $127 million money laundering scheme (The Street): HERE
Analysis of failure to exercise duty of oversight by a corporate officer. (FCPA Compliance & Ethics Blog)
McDonald’s Duty of Officer oversight. (Compliance and Enforcement)
China and its fight against corruption. (Reuters)
Big penalties are coming for export control and sanctions enforcement. (WSJ)
A federal data privacy law in 2024? (CCI)
Florida man uses phone he found in Walmart bathroom to call in fake bomb threat, cites TikTok trend: deputies (FOX Orlando)

Resources:

Kristy Grant-Hart on LinkedIn

Tom

Tags China, DE&I, Duty of Oversight, ESG, Export Control, FCPA, Florida Man, SAP

2 Gurus Talk Compliance

2 Gurus Talk Compliance: Episode 19 – The Holiday Edition

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Post date December 15, 2023
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In the ever-evolving world of regulatory compliance and risk management, challenges are constant and strategies must be dynamic. Tom highlights recent SEC pronouncements on culture and takes a look back at Serpico and the Salt Lake City Olympic scandal. Kristy highlights AI regulation in the EU and US, talks about the need for employees to have some time off, and checks in on Florida Man. Join Tom Fox and Kristy Grant-Hart as they delve deeper into these issues in this episode of the 2 Gurus Talk Compliance podcast.

Highlights Include:

SEC Chief Accountant on what bothers him. (WSJ)
Using onboarding as a corporate culture set. (FCPA Blog)
Serpico at 50. (The Guardian)
Salt Lake City Olympic corruption scandal, 25 years later. (Salt Lake Tribune)
Carrot and Stick in new M&A Safe Harbor (Compliance and Enforcement)
SEC Kicks Climate Rule to 2024 (Radical Compliance)
In Landmark Vote, Europe Approves AI Regulations–Paving the Way for U.S. Adoption (Inc.com)
SEC Head Warns Against ‘AI Washing,’ the High-Tech Version of ‘Greenwashing’ (WSJ)
Employees Need Time Off. Here’s How to Craft a Successful Policy. (Bamboo HR)
Florida man faces charges after driving ‘BOOTY PATROL’ truck (ClickOrlando News)

Resources:

Kristy Grant-Hart on LinkedIn

Tom

Tags AI, corporate culture, corruption, Florida Man, onboarding, SEC, Serpico, time off

2 Gurus Talk Compliance

2 Gurus Talk Compliance – Episode 17: Self-Improvement Edition

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Post date October 27, 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! In this episode, Tom and Kristy take on various topics, including the self-improvement of Florida Man gone astray.

Challenges are constant in the ever-evolving regulatory compliance and risk management world, and strategies must be dynamic. Tom highlights the technological shortcomings of many compliance programs and the critical role of compliance officers in mitigating reputational damage. He emphasizes continuous improvement and vigilance, ensuring due diligence and monitoring compliance strategies. Kristy acknowledges the progress made in the field over the past two decades but also points out the technology gap in integrating governance, risk, and compliance data. She underscores the need for better handling of integrated reporting in the future. Join Tom Fox and Kristy Grant-Hart as they delve deeper into these issues in this 2 Gurus Talk Compliance podcast episode.

Highlights Include:

What does the lull in FCPA enforcement mean for chief compliance officers? (FCPA Blog)
CA enacts climate change disclosures. (HLS Forum on Corp Governance)
CFTC and monitors. (Compliance and Enforcement)
U.S. Warns Businesses to Guard Against Iran Missile Push (WSJ)
Combining COI and Risk Assessments. (COI Blog)
U.S. Lifts Broad Sanctions Against Venezuela for Six Months (WSJ)
The Gap In SEC Individual FCPA Enforcement Actions Is Over Three Years (FCPA Professor)
Report: Insourcing Up, Confidence Too (Radical Compliance):
Prosecutors in Sam Bankman-Fried trial compare defense argument to ‘Dumb and Dumber’ (CNBC)
Florida man’s quest to fulfill ‘daily theft quota’ lands him in jail across county lines, deputies say (Fox Orlando)

Resources:

Kristy Grant-Hart on LinkedIn

Tom

Tags California, CFTC, climate disclosures, COI, FCPA, Florida Man, monitors, PdVSA, SBF, SEC

2 Gurus Talk Compliance

2 Gurus Talk Compliance – Episode 13 – The FCA Speaks Edition

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Post date September 15, 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! In this episode, Tom and Kristy take on a wide variety of topics, including a visit to Florida Man.

In the world of business, compliance and investigation protocols play a crucial role in ensuring fairness, consistency, and institutional justice. Organizations need to establish robust frameworks to handle incidents effectively and mitigate risks. In this episode of 2 Gurus Talk Compliance, a new investigation by the FCA in the UK, Rubiales resigns (finally), an interesting cyber compliance enforcement action, and Roger Ng. Kristy takes the lead in highlighting a new DOJ Opinion Release. Join them as they delve deeper into this topic on this episode of the 2 Gurus Talk Compliance podcast.

Highlights Include:

1. Insufficient cyber plan = FCA violation. (DOJ Press Release)

2. Roger Ng banned for life. (YaHooFinance)

3. FASB adopts crypto accounting rules. (WSJ)

4. Ken Paxton and slow creep of corruption. (Texas Tribune)

5. Rubiales resigns. (NYT)

6. U.K. Financial Regulator to Review Bank Treatment of Politically Exposed Persons (WSJ)

7. FCPA Opinion Release Provides Guidance on Payment of Travel and Other Expenses for Foreign Government Officials (Volkov)

8. AI in Employment: Privacy Regulation Is Here (PLI Chronicles/Gibson Dunn)

9. Is It Time to Update Your Company’s Dress Code? What ‘Business Casual’ Means Today (Inc.)

10. Florida man banned from the ocean after trying to sail homemade hamster wheel (local news)

Resources

Kristy Grant-Hart on LinkedIn

Tom

Tags DOJ, FASB, FCA, Florida Man, Ken Paxton Impeachment, Roger Ng, SEC

2 Gurus Talk Compliance

2 Gurus Talk Compliance – Episode 12 – Speaking Up is Awesome Edition

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Post date September 1, 2023
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In the world of business, compliance and investigation protocols play a crucial role in ensuring fairness, consistency, and institutional justice. Organizations need to establish robust frameworks to handle incidents effectively and mitigate risks. In this episode of 2 Gurus Talk Compliance, we discuss several key factors impacting the enhancement of compliance and investigation protocols for organizations, including the need for standardization and rigor in investigation protocols, a perspective rooted in his belief in the importance of a culture of compliance within organizations. Kristy takes the lead in highlighting the value of consistency and standards in investigation protocols for ensuring institutional justice and fairness. Join them as they delve deeper into this topic on this episode of the 2 Gurus Talk Compliance podcast.

Highlights Include:

ISO standards for internal investigations. (FCPA Blog)
Tom releases a new book. (Amazon)
The Spanish Kiss. (ESPN)
How to develop a culture of compliance. (Compliance and Enforcement Blog)
The first 100 days. (CCI)
Has China outlawed due diligence? (FCPA Blog)
3M Settles U.S. Probe Over Tourist Trips for China Officials (FCPA Blog)
You Can Now Make ChatGPT Work Specifically for Your Company. Here’s How (Inc.)
You’ve Heard of Quiet Quitting. Now Companies are Quiet Cutting (WSJ)
Fentanyl found in cookie jar during a traffic stop in Florida, man arrested (WFLA Florida)

Resources

Kristy Grant-Hart on LinkedIn

Tom

Tags 3M, ChatGPT, compliance culture, Florida Man, ISO, Quiet Cutting, Spanish Kiss

2 Gurus Talk Compliance

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

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Post date August 4, 2023
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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

2 Gurus Talk Compliance

2 Gurus Talk Compliance – Florida Man Moves Outside of Florida

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Post date July 20, 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! This week on the podcast, we discussed a variety of financial fraud and corruption cases that have recently come to light. From Bank of America’s creation of millions of fake accounts to KPMG getting caught cheating in the Netherlands, these cases serve as a reminder to the importance of strong compliance programs and the need for companies to be proactive in preventing fraud. Additionally, the DOJ is utilizing data analytics to enhance their ability to prosecute FCPA cases, while Women in Compliance work to empower and support female professionals in the industry. Finally, the Florida Man Scam highlights the need to be aware of the potential for scams and to exercise caution when giving out personal information.

Highlights Include

· Bank of America Scandal

· Navex Survey

· Corruption in Singapore

· KPMG Cheating Scandal

· Kenneth Polite Reflects

· Lisa Osofsky Reflects

· Women in Compliance

· Florida Man Should Stay in FL

· Contracts and Emojis

Resources

Connect with Kristy Grant-Hart on LinkedIn

Tom

Tags BOA, compliance, corruption, Florida Man, GWIC, Kenneth Polite, Kristy Grant-Hart, Lisa Osofsky, Navex, SFO, Singapore

2 Gurus Talk Compliance

2 Gurus Talk Compliance – Episode 8 – Florida Man

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Post date June 23, 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! In this episode, they discuss whether a compliance crisis is coming, a new compliance law in the UK, and why companies may be dialing down their public statements on ESG and DEI. They also delve into a survey on compliance concerns, the importance of preventing corruption in Ukraine, and the creation of a Department of Justice corporate crime database. With exciting stories like a bizarre crime tale and insight into the controversial Wall Street Journal article, this episode will keep you engaged and informed. Don’t miss out on this opportunity to improve your compliance.