Tag: KPMG

Daily Compliance News: November 20, 2024 – The Mr. Non-Compliant Edition

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Post date November 20, 2024
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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.

Trafigura heads to trial in Switzerland. (Bloomberg)
A layer of crypto corruption. (TheBulwark)
Firings as layoffs without benefits. (FT)
KPMG rehabbed in the UK. (FT)

For more information on the Ethico Toolkit for Middle Managers, available at no charge, click here.

Check out the full 3-book series, The Compliance Kids, on Amazon.com.

Tags crypto, KPMG, Trafigura

Everything Compliance - Shout Outs and Rants

Shout Outs and Rants – Episode 133, The Perfect Attendance Edition

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Post date April 23, 2024
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Welcome to the only roundtable podcast in compliance as we celebrate our second century of shows.

In this episode, we have a quintet of shoutouts and rantors; Jonathan Marks, Matt Kelly, Jay Rosen, and Karen Woody, all hosted by Tom Fox.

1. Matt Kelly rants about yet another KPMG cheating scandal.

2. Karen Woody shouts out to Caitlin Clark for being the No. 1 pick in the WNBA Draft but rants about her paltry $76K first-year salary.

3. Jonathan Marks shouts out to Kevin Ford for working at Burger King for 27 years without missing a day of work.

4. Jay Rosen has a mild rant about CBS cutting off Billy Joel’s Piano Man encore to cut to local news about the Masters.

5. Host Tom Fox shouts out to Senator Robert Menendez for throwing his wife under the bus by announcing he will claim she is the one who engaged in bribery and corruption, not him.

The members of the Everything Compliance are:

• Jay Rosen – Jay can be reached at Jay.r.rosen@gmail.com

• Karen Woody – Is 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 and an experienced data privacy/data protection lawyer in London. He can be reached at windyridgehouse@gmail.com.

• Jonathan Marks can be reached at jtmarks@gmail.com.

The host, producer, and 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.

Tags Caitlin Clark, CBS, Kevin Ford, KPMG, Senator Robert Menendez

Daily Compliance News

Daily Compliance News: April 11, 2024 – The Panama Papers Goes to Trial Edition

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Post date April 11, 2024
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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:

The Panama Papers trial begins. (BBC)
Crypto says it has turned the compliance corner. (WSJ)
KPMG pays $25MM for cheating. (FT)
A former PdVSA minister was arrested for corruption. (Reuters )

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

Tags compliance, corruption, KPMG, Panama Papers, PdVSA

10 For 10

10 For 10: Top Compliance Stories For the Week Ending July 22, 2023

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Post date July 22, 2023
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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.

Head of DOJ Criminal Division, Kenneth Polite to step down. (WSJ)
Tesla Directors settle comp suit. (Reuters)
KPMG caught cheating for exams again, this time in The Netherlands. (Dutch News)
Does Singapore have a corruption problem? (FCPA Blog)
Lisa Osofsky issues her final SFO report. (WSJ)
Teens take on corruption in Nigeria. (Teen Vogue)
US issues new anti-trust guidance. (FT)
Panama ex-President sentenced for corruption. (Reuters)
Sri Lanka passes ABC bill. (AL Jazeera)
Deutsche Bank fined yet again for AML failures. (NYT)

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

Connect with Tom

Tags compliance, Deutsche Bank, KPMG, Niergia, SFO, Singapore

GalloCast

Gallocast – Episode 10 – The Seven Year Anniversary Edition

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Post date July 21, 2023
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Welcome to the GalloCast. You have heard of the Manningcast in football. Now we have the Gallocast in compliance. The two top brothers in compliance, Nick and Gio Gallo, come together for a free-form exploration of compliance topics. It is a great insight on compliance brought to you by the co-CEOs of ComplianceLine. Fun, witty, and insightful with a dash of the two brothers throughout. It’s like listening to the Brothers Gallo talk compliance at the Sunday dinner table. Hosted by Tom Fox, the Voice of Compliance.

This podcast episode focuses on the importance of proper oversight and diligence when it comes to CCOs and other corporate leaders. The discussion highlights the implications of the Supreme Court’s ruling on diversity hiring, the need for internal controls implementation, the potential of ESG investment ROI, the consequences of unethical behavior, and the need for Deutsche Bank to address its culture of ethics. This episode emphasizes the need to create a culture of compliance and oversight within organizations in order to protect against fraud and mismanagement.to navigate these challenging issues in the corporate world. Tune in to GalloCast now!

Key Highlights

FTX CCO charged
Diversity after Supreme Court. Is it still important?
At what level should you apply DD to new hires? Executive level or something else
ESG-positive or negative for shareholders
BOA follows Wells Fargo with a fake accounts scandal.
KPMG caught cheating in The Netherlands
Deutsche Bank fails to meet DPA requirements.

Resources

Nick Gallo on LinkedIn

Gio Gallo on LinkedIn

Ethico

Tom Fox

Connect with me on the following sites:

Tags BOA, culture, Deutsche Bank, diversity, ESG, FTX, KPMG

Daily Compliance News

Daily Compliance News: July 19, 2023 – The Will KPMG Ever Stop Cheating Edition

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Post date July 19, 2023
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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)

Tags Czechia, EU, KPMG, Sinapore

The Wirecard Saga

The Wirecard Saga – Episode 40 – Phoning It In

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Post date May 10, 2023
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Welcome to Season 3 of Lies, Spies & Corporate Crimes: The Wirecard Saga. The Wirecard Saga has become the world’s leading source of all things Wirecard. In The Wirecard Saga, Lies, Spies & Corporate Crimes, host Mikhail Reider-Gordon, Managing Director of Institutional Ethics & Integrity at Affiliated Monitors, looks at the biggest financial scandal in post-war Germany from a variety of angles.

In the latest episode of “The Wirecard Saga,” hosted by Mikhail Reider-Gordon, the discussion heats up as they delve into the recent developments surrounding the scandal. They highlight the minimal penalty imposed on EY, which failed to take adequate action, leading to the multi-billion-dollar corporate collapse of Wirecard, affecting stakeholders at various levels. She also discusses ongoing legal proceedings, including the upcoming proceedings and the role of KPMG’s forensic audit team during the scandal. The lack of importance given to compliance at Wirecard is also spotlighted, despite the formation of a formal compliance department. The podcast raises questions about how many missed opportunities there were to identify the fraud and why Wirecard employees didn’t take action to prevent it.

Mikhail will explore more unethical and illegal behavior, new entities highlighted through the lawsuit, and criminal charges filed against in Austria in next week’s episode. Take advantage of this exciting and informative podcast! Listen now and join the discussion.

Key Highlights:

Request for Courch Change from Apas
KaMuG Test Case
IAASA Assesses Penalties for Bad WUKI Audits
Professional Scepticism and Balance Confirmations
FRC Enforcement
KPMG Kept in the Dark
Two Out of 5000
Compliance Department of One
Lack of Interest in Compliance and Law
Sending Millions By Phone

Tags EY, KPMG, Mikhail Reider-Gordon, Wirecard

Daily Compliance News

December 9, 2022 – The Goldilocks Balls Edition

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Post date December 9, 2022
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Welcome to the Daily Compliance News. Each day, Tom Fox, the Voice of Compliance, brings you four 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.