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Daily Compliance News

Daily Compliance News: December 13, 2024 – The Token Fine 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.

  • Eric Trump drops hints of upcoming corruption. (TNR)
  • South African politicians slam token fine levied on McKinsey. (FT)
  • Fifth Circuit invalidates NASDEQ diversity requirements. (Reuters)
  • Ex-Trafigura COO says he was negligent, not criminal.  (Bloomberg)

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Compliance Into the Weeds

Compliance into the Weeds: Potpourri of Compliance Issues

The award-winning, Compliance into the Weeds is the only weekly podcast that takes a deep dive into a compliance-related topic, literally going into the weeds to explore a subject more fully. Are you looking for some hard-hitting insights on compliance? Look no further than Compliance into the Weeds! In this episode, Tom Fox and Matt Kelly dive into a potpourri of issues, including Paul Atkins’s appointment to chair the SEC, a massaging of DOJ and the Corporate Enforcement Policy, and McKinsey’s FCPA resolution.

Tom and Matt discuss various compliance issues, focusing on the implications of Paul Atkins’ appointment as SEC chairman, the challenges of enforcement and corporate penalties, the role of whistleblowers, and recent FCPA enforcement actions, including the McKinsey settlement. They explore how Atkins’ conservative views may shape SEC policies and the potential impact on compliance officers and corporate governance.

Key highlights:

  • Paul Atkins and the SEC
  • Enforcement Challenges and Corporate Penalties
  • Whistleblower Protections and Compliance Officers
  • FCPA Enforcement and McKinsey Settlement

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Daily Compliance News

Daily Compliance News: December 10, 2024 – The Cost of Corruption 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.

  • Trafigura used high-risk middlemen. (FT)
  • Inside a four-day workweek experiment. (NYT)
  • Did Boohoo illegally surveille employees? (BBC)
  • South African government is not working with McKinsey for the G-20.  (Bloomberg)

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

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

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10 For 10

10 For 10: Top Compliance Stories For the Week Ending December 7, 2024

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 you the compliance professional and the compliance stories you need to know to end your busy week. Sit back, and in 10 minutes, hear the stories every compliance professional should know 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.

  • McKinsey agrees to FCPA settlement for corruption in South Africa. (DOJ Press Release)
  • Judge rejects DOJ/Boeing settlement.  (WSJ)
  • Defense in Trafigura case can’t knock out star prosecution witness. (FT)
  • Was it corruption or a smart (or dumb) business deal? (TNR)
  • Tesla lost the case on the 2nd Musk pay package. (WSJ)
  • Was it fraud or worse? (NYT)
  • Paul Atkins was selected to head SEC. (FT)
  • Trump-appointed Texas judge enjoins CTA nationally. (Bloomberg)
  • OIG looks to hold nursing care execs responsible. (McKnight’s Long-Term Care News)
  • Buying/Selling homes and compliance.  (Mortgage News Daily)

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

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

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Daily Compliance News

Daily Compliance News: December 6, 2024 – The Boeing Settlement Bounced 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.

  • He forgot what the Compliance Committee did. (FT)
  • Colombia’s Finance Minister was replaced. (Reuters)
  • McKinsey agrees to FCPA settlement for corruption in South Africa. (DOJ Press Release)
  • Judge rejects DOJ/Boeing settlement.  (WSJ)

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

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

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10 For 10

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

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)

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2 Gurus Talk Compliance

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

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:

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10 For 10

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

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)

 

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Daily Compliance News

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

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.

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Daily Compliance News

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

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.