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Daily Compliance News

Daily Compliance News: November 16, 2023 – The Legal Baggage 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 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:

  • Corruption in lithium mining in Africa. (Inside Climate News)
  • The State of Texas moves to anti-business. (Bloomberg)
  • The legal baggage at Fox News is awaiting Lachlan.  (FT)
  • Potential CFPB arbitration ban. (Reuters)

 

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Daily Compliance News

Daily Compliance News: September 18, 2023 – The Texas is Open for Business 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.

  • Singapore AML corruption case reaches $1.2bn?  (South China Morning Post)
  • Jann Wenner ousted from Rock HOF Board. (WSJ)
  • Head of China military under investigation for corruption. (Reuters)
  • Texas AG acquitted of corruption. (Texas Tribune)
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The Hill Country Podcast

The Hill Country Podcast – Loren Steffy on the 88th Texas Legislative Session

Welcome to award-winning The Hill Country Podcast. The Texas Hill Country is one of the most beautiful places on earth. In this podcast, Hill Country resident Tom Fox visits with the people and organizations that make this the most unique areas of Texas. Join Tom as he explores the people, places and their activities of the Texas Hill Country.

The 88th Texas Legislature recently concluded its biennial session and two special sessions, focusing on property tax relief, water infrastructure, and the electricity grid. The proposed property tax relief was a welcome move, and Patrick was on the right track with his proposal to ensure homeowners don’t lose their homes due to high tax rates. The legislature ultimately came up with a dual approach, which is a compromise, and homeowners will be glad to see some relief from the property taxes.

Sadly, the impeachment of Ken Paxton took the air out of all other legislative work. Paxton has been under indictment for a long time, and nobody on the Republican side seemed to care until he asked for state funds to pay for his legal settlement. It took a long time for state leaders to take action, and it shouldn’t have taken this much effort. The impeachment trial will be held in the Senate later this summer.

Tom Fox and Loren Steffy discussed the importance of access to education and public services in remote areas. Tom Fox’s junior high school history teacher posited that the American high school created the American middle class. The founding fathers of America wanted to get away from the class system and believed that with access to education, anyone can be anything. The founding fathers of the Republic of Texas, Mirabeau Lamar and Anson Jones, set aside land in every township for K-12 education. The disagreement between the governor and lieutenant governor of Texas was over how to reform property taxes or give people a break. The governor wanted to subsidize school property taxes, while the lieutenant governor wanted to raise the homestead exemption. The governor also wanted to take public funds to fund private education, but he did not get what he wanted.

The transfer of wealth from taxpayers to private companies running schools with less accountability than public schools was a major concern. Rural Republican and urban Democratic voters united in opposition to school vouchers. There was an argument that private schools would take away access to best athletes for rural football teams. There was also an analogy to rural hospitals closing due to lack of cost effectiveness. There was a potential for the education system to become exclusive and elite, and it would also lead to the draining of healthcare facilities in rural areas.

Tom Fox and Loren Steffy also discussed Tom’s book, The Big Empty. Steffy is starting a series called Podcasts in Print. The first Podcasts in Print will be the discussion between Tom and Loren about The Big Empty. It will be released in early August, and Loren is looking forward to its release.

This episode provided an insightful look into the issues facing Texas and the importance of access to education and public services in remote areas. The legislature’s efforts to provide property tax relief and the impeachment of Ken Paxton are two major issues that will have an impact on the state. Podcasts in Print series will be a great way to explore these topics further.

 Key Highlights

·       Assessment of the 88th Legislature

·       Property Tax relief

·      School Vouchers

·      Rural Texas

·      Ken Paxton impeachment by Texas House

 Resources

Loren Steffy

Stoney Creek Publishing

Tom Fox

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Daily Compliance News

Daily Compliance News: August 18, 2023 – The Fake Uber Account 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.

·       Ukraine ABC lessons from Afghanistan. (NPR)

·       Paxton allegedly created fake Uber account to engage in corruption.  (Texas Tribune)

·       AI as big as the Internet? (Bloomberg)

·       Judge pauses mandatory religious training.  (Reuters)

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Daily Compliance News

Daily Compliance News: June 10, 2023 – The Don’t Want No Stinking Compliance 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:

  • The corruption in belts and suspenders. (WSJ)
  • Alleged Texas AG bribe payor arrested. (Bloomberg)
  • Short seller as due diligence guru. (FCPA Blog)
  • You don’t need any stinking compliance. (FT)
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Daily Compliance News

March 11, 2023 – The Settlement Ditched 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 of Daily Compliance News:

  • JPMorgan sues former exec Jes Staley for Epstein connections. (WSJ)
  • DOJ against USSG changes. (Reuters)
  • Whistleblowers ditch settlement with Texas AG. (Houston Chronicle)
  • Swiss bankers indicted for AML violations. (ICIJ)
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Everything Compliance - Shout Outs and Rants

Everything Compliance – Shout Outs and Rants from Episode 96


In this episode of Shout Outs and Rants, we submit the following for your consideration:
1.Jay Rosen rants about Mavericks owner Mark Cuban over the allegations of former GM Donnie Nelson that Nelson was fired for reporting a sexual assault of a Maverick employee.
2. Matt Kelly rants about West Virginia Senator Joe Manchin opposes electric cars because customers would have to wait too long at charging stations for batteries to be replaced (electric car batteries are recharged not replaced).
3. Jonathan Armstrong shouts out to TV show editor Marina Ovsyannikova who on live TV in Moscow, stood up to the President Putin by holding a sign which said, “Russian: “Don’t believe the propaganda. They’re lying to you here.” In English it said: “No war … Russians against war.”
4. Tom Fox rants about Texas AG Ken Paxton who once again disobeyed a District Court injunction forbidding the state of Texas from investigating the parents of transgender teens for child abuse.
The members of the 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 sometime 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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Everything Compliance - Shout Outs and Rants

Everything Compliance – Shout Outs and Rants from Episode 95


The gang is back with fan favorites shout outs, and rants. This episode includes:

  1. Karen Woody shouts out to Ukraine’s U.N. Ambassador Sergiy Kyslytsya for his impassioned plea for Russia to stop its invasion of his country this week at the United Nations.
  2. Jonathan Armstrong shouts out to Michael Bond for creating Paddington Bear to give comfort to refugees across the globe and for the voice of Paddington Bear, Ukrainian President Zelensky.
  3. Matt Kelly shouts out Jackson Reffitt, who testified against his father in his father’s Capital Insurrection trial. He also announced a Boston Compliance Group meet-up where donations for Ukraine will be taken and matched by both Radical Compliance and the Compliance Podcast Network.
  4. Jonathan Marks shouts out to Sonny Johnson, an autistic basketballer who made the game-winning shot that helped his team at John Marshall Middle School win the last game of the season against Fremont Academy.
  5. Tom Fox shouts out to the Texas GOP for stopping AG Ken Paxton from renomination in the party’s primary and for forcing him into a run-off with George P. Bush.
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Daily Compliance News

February 22, 2022 the HoustonGate Edition


In today’s edition of Daily Compliance News:
·      HoustonGate for AMLO and Pemex.  (WSJ)
·      Tx AG attacks whistleblowers on campaign trail.   (HoustonChronicle)
·      EU users to sue tech giants? maybe. (Reuters)
·      Russia sanctions begin. (NYT)