Tag: McKinsey

10 For 10: Top Compliance Stories For The Week Ending October 19, 2024

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Post date October 19, 2024
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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.

Kenya impeaches deputy President. (Al Jazeera)
McKinsey is close to settling its part in the opioid crisis. (Reuters)
A Boeing judge wants additional information on Monitor and selection. (Law360)
RTX settles FCPA and fraud cases. (WSJ)
Meta fires staff who abused $25 meal credits. (FT)
Is routine legal advice risky? If you advise paying a bribe. (Law.com)
Grewal moves to Wall Street. (WSJ)
Which EU country is the most corrupt? (EuroNews)
Moog settles FCPA claim. (WSJ)
Canada’s reputation for clean banking is gone in 40 minutes. (The Globe and Mail)

Connect with Tom

Tags Boeing, corruption, DOJ, FCPA, Kenya, McKinsey, Meta, Moog, RTX, TD Bank

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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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.

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

10 For 10

10 For 10: Top Compliance Stories For The Week Ending May 4, 2024

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Post date May 4, 2024
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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. The Exxon Pioneer merger was approved (with a caveat). (NYT)

2. The US sanctions Chinese companies for supplying the Russian Army. (NYT)

3. An ex-McKinsey partner says he was scapegoated. (Reuters)

4. TikTok parent discloses internal investigations of bribery and corruption. (South China Morning Post)

5. CFTC names its first AI chief. (WSJ)

6. CZ gets 4 months. (WSJ)

7. FCPA violator Ericsson bemoans ‘over-regulation’. (FT)

8. Corporate investigations are under scrutiny. (FT)

9. The US Supreme Court will not hear Musk’s appeal of the SEC order. (Reuters)

10. India to look into bribery allegations against Cognizant Technologies. (Deccan Herald)

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.

Connect with Tom

Tags Binance, China sanctions, corporate investigations, CZ, DOJ, Exxon-Pioneer merger, McKinsey

Daily Compliance News

Daily Compliance News: April 26, 2024 – The In Sanctions Enforcement Increase Edition

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Post date April 26, 2024
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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:

Foreign Aid Package Raises Companies’ Sanctions Risks (WSJ)
A former SNC Lavalin exec sentenced to 3 years on corruption charges. (Financial Post)
McKinsey is under criminal investigation for opioid work. (NYT)
South Africa puts pressure on the UAE to extradite Gupta. (Bloomberg)

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

Tags Gupta Brothers, McKinsey, Opioid Crisis, South Africa, trade sanctions, UAE

Daily Compliance News

Daily Compliance News: April 23, 2024 – The Is Being Homeless Illegal Edition

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Post date April 23, 2024
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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 SCt hears a case on whether being homeless and sleeping is illegal. (NYT)
Counseled to leave at McKinsey. (FT)
Leadership: active relationship management. (Reuters)
The daughter of the President of Gabon was cleared of corruption. (Barron’s)

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

Tags corruption, law firm leadership, McKinsey, Supreme Court

10 For 10

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

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Post date March 2, 2024
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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.

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

Connect with Tom:

Tags Boeing, ComEd, corruption, crypto, DOJ, FAA, FTX, green audits, McKinsey, SBF, Vitol Trading

Daily Compliance News

Daily Compliance News: February 28, 2024 – The Did They or Didn’t They Edition

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Post date February 28, 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:

Did McKinsey work for or not work for the Chinese government. (FT)
How did Iraqi corruption cost the country. (OilPrice)
Does changing travel habits decrease or increase risks. (FT)
SBF tries to change his narrative. (NYT)

For more information on Ethico and a free White Paper on top compliance issues in 2024, click here.

Tags China, corruption, Iraq, managing risks, McKinsey

Daily Compliance News

Daily Compliance News: February 8, 2024 – The I Love Candy Edition

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Post date February 8, 2024
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In today’s edition of Daily Compliance News:

A Pemex official admits to taking bribes in the Vitol trial. (Bloomberg)
McKinsey and BCG say employees in Saudi Arabia are at risk. (FT)
US buyers buy more from Mexico than from China. (NYT)
$2bn NYC Housing Authority corruption case announced. (WSJ)

For more information on Ethico and a free White Paper on top compliance issues in 2024, click here.

Tags BCG, cancy, compliance, corruption, McKinsey, Pemex, Vitol Trading

Daily Compliance News

Daily Compliance News: September 28, 2023 – The Cognizant Trial Delay Edition

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Post date September 28, 2023
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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.